Mobile Financial News

smartphone market, which is still dominated by Chinese brands, regardless of the price levels: sub or above ₹10,000. An ET survey, which constituted nearly 20 mobile retail shops in Delhi, found that none sold Indian mobile brands-firstly, shops had limited stock of sub-₹10,000 mobile phones-which used to drive volumes historically in India; and almost all the shops sold 2-3 times more ₹ 10,000-plus mobile phones than sub-₹10,000 handsets, with demand mostly for 5G phones over 4G phones.

Wordle is a word game created and developed by software engineer Josh Wardle. It was bought by The New York Times (NYT). The Wordle is to be played on the NYT website or mobile application, as a single player or with the help of friends for guessing. In Wordle, a player has to guess a word consisting of five letters in six chances. We are here to help you with the clues to today’s Wordle 743, dated July 2, 2023. Read on to know more.

National Investigation Agency (NIA) on Sunday conducted raids at multiple locations across three states in connection with a case against the «Ghazwa-e-Hind», a radicalized module being run by Pakistan-based suspects, officials said. Five locations — two in Patna and one in Darbhanga (Bihar) and one each in Surat (Gujarat) and Bareilly (Uttar Pradesh) — were raided by the NIA in connection with the case registered last year, the federal agency said. It said incriminating material, including digital devices such as mobile phones and memory cards, SIM cards and documents, were seized during the raids which were conducted at the premises of suspects across three states.

Rane Brake Linings Ltd, engaged in the manufacturing of auto-components including disc pads and brake linings, has projected a sustained growth momentum in the automotive industry during the current financial year, despite minor headwinds in the form of rising interest rates, the company said. Adoption of electric vehicles is expected to accelerate in the coming years as electric vehicles become more cost competitive backed by supportive government policies, enhanced charging infrastructure, and consumer willingness to move towards clean and sustainable mobility solutions, Rane Brake Linings noted.

smart home devices fell 5.6% (year-on-year) to 186 million units in the first quarter (Q1) of this year.Smart speakers and networked video entertainment devices faced the steepest declines in the first quarter, down 15.4% and 7.8%, respectively, compared to the prior year, according to the International Data Corporation (IDC). The overall market is likely to decline by 1.8% in 2023 as weak consumer demand and economic volatility continue to put significant downward pressure on the market.

Uttar Pradesh government plans to use eight rivers as inland waterways to improve connectivity and transportation of goods, especially bulk cargo such as foodgrains and fertilisers. Senior state government officials said the Yamuna, Gomti, Assi, Ghaghra, Rapti Betwa, Chambal and the Varuna rivers will be used as waterways to transport goods and people. The move is in line with the BJP-led Centre's Maritime India Vision 2030 that envisages increasing the share of inland water transport to five per cent by 2030.

TVS Motor Company expects growth momentum to continue in the current fiscal, with the overall economy anticipated to grow at a robust pace and a continuous improvement in the road infrastructure. According to the company, the premium bikes and scooter segment is likely to grow on the back of a rise in overseas shipments and higher penetration of electric two-wheelers this fiscal. In its Annual Report for 2022-23, the company stated that it maintains a cautiously optimistic view regarding the current fiscal.

Emmanuel Macron scrapped an official trip to Germany after nights of unrest across France. Officials said they were again deploying 45,000 police to the streets nationwide in an effort to head off a fifth night of violence. Some 2,400 people have been arrested overall since the teen's death on Tuesday.

PayPal provides four distinct account types like Personal, Premier, Business and Student. If your intention is to engage in individual buying and selling activities, a Personal account will suffice. However, if you plan to conduct business transactions and engage in selling endeavors through PayPal, opting for a Premier or Business account is recommended.

On a more positive note, the last three years have seen an easing in the stagnation of exports. Since 2020-21, Indian exports have grown in value as well as volume and their composition is seeing a perceptible change. While the share of traditional exports such as textiles and apparel, leather goods, iron ore, minerals, light engineering goods and gems and jewellery has declined, the share of electronics, machinery, equipment, petroleum and branded drugs has increased.

India’s merchandise exports have undergone a major shift in recent years. The change has been rather silent except for the occasional buzz about export of iPhones. But it is not just about Apple’s flagship product. India’s share in the global export of machinery, phones, automobiles and petroleum has grown significantly between 2015 and 2022. Meanwhile, there has been a marked decline in India’s share in its traditional export items such as gems and jewellery, apparel, meat and leather articles. Exports of textiles, clothing and made-ups, for instance, fell by about 17% y-o-y in FY2023. Is this change temporary or will this be a permanent feature of our trade order? An analysis of the data by Delhi-based trade think tank Global Trade Research Initiative (GTRI) shows India’s exports in the category called electronics, telecom, mobile phone etc., jumped from $7.9 bn in 2015 to $26.6 bn in 2022 — from 0.41% share of world market to 0.71%, a 73% rise. In machinery, India’s global market share rose from 0.75% to 1.05%, a growth of 40%. The analysis for the same period lists other performing sectors such as petroleum (share in global trade went up from 1.87% in 2015 to 2.45% in 2022) and automobile and its components (from 1.11% to 1.32%). All figures pertain to calendar year.

MEETING NOTES: A seems to be speaking, mostly to himself. His slides are flapping valiantly behind him. His audience? Well, they are all ears.

However, the midcap and smallcap segments continued to hog the limelight, with about 400 stocks giving double-digit returns in the month of June. The benchmark indices gave nearly 3% returns in June, following 2.5% gains in May. In four months, indices have gained nearly 10%.

Goa, authorities have identified 70 priority locations as accident-prone zones across the state. These locations will be equipped with artificial intelligence (AI) cameras by December to monitor vehicular traffic and detect violations committed by motorists. The decision was made during a State Road Safety Council meeting held at the ITMS control room in Altinho on Friday.

Housing Development Finance Corporation (HDFC) Ltd. and HDFC Bank will become a merged entity on July 1, 2023. This implies that HDFC will cease to exist as of Saturday.

Dhananjaya Y. Chandrachud on Friday said that the greater challenge for the Indian judiciary is that the constitution and rights become accessible to common people.

The income tax department has provided a clarification on PAN-Aadhaar linkage on its official Twitter handle for those individuals who are having difficulty linking the two. The clarification came just hours before the deadline for linking PAN to Aadhaar expires. The income tax department stated in a tweet that the status of challan payments can be checked under the portal's 'e-pay tax' tab after logging in. If the payment is successful, the PAN holder can proceed with linking the PAN to Aadhaar. There is no need to download the challan receipt in order to link your PAN to Aadhaar.

Pakistan on policies to be supported by a Stand-By Arrangement (SBA) in providing USD 3 billion, the last minute rescue package for Islamabad’s acute balance of payment crisis. According to major global credit rating agencies Islamabad would be compelled to default on external borrowings without the IMF assistance. Surprisingly, Pak forex reserves are now below USD 3.5 billion, hardly sufficient for less than a month’s requirement for even essential imports.

As the lead sponsor, Dream11 will have its logo on the front of the jersey of Indian men's, women's, and U-19 cricket teams. Dream11 was the only serious contender in the race as Disney Star was the only other company that picked the tender document, one of the people said. A top executive with a sports marketing firm blamed exorbitant base price set by the Board of Control for Cricket in India (BCCI) for the poor response to the jersey sponsorship race.

Titan submersive vessel taking people down deep underwater to view old shipwrecks, ended in horrific tragedy with all five of its passengers crushed to death in submarine darkness. The second one was a thumbs up — Virgin Galactic's rocket plane Unity completing its first commercial flight in (suborbital) space, paving the way to have another platform for commercial space travel. There have been grumbles — even perverse humour in the case of the ill-fated Titan — that these are things only for rich folks.

Reliance Jio Infocomm is in advanced talks with a clutch of bulge-bracket global banks to raise around $1-1.5 billion (₹8,200-12,330 crore) through an offshore syndicated loan. The funds will be used to buy 5G network gear from Sweden's Ericsson as India's biggest telecom operator looks to roll out next-gen mobile broadband services across the country by December 2023. The likes of HSBC, JP Morgan Chase and Citi among others are set to arrange an around 3-5 year loan for Jio, which is likely to be priced above the Secured Overnight Financing Rate (SOFR), a new global rate gauge, two people aware of the matter said.