Mobile Financial News

20.10 / 15:25
markets Strategy Mobile Election Experts rights $1 million for every US voter? Here's why world's richest man Elon Musk is giving away money to voters ahead of polls
Elon Musk has recently launched a provocative initiative, offering voters the chance to win up to $1 million for signing a petition that supports constitutional rights. As the Tesla CEO intensifies his support for Donald Trump’s 2024 presidential campaign, this effort has raised questions among election law experts about its legality. Musk’s super PAC, Elon's America PAC, is promoting this campaign primarily in battleground states, including Pennsylvania, leading to discussions about whether these financial incentives may violate federal election laws.
18.10 / 09:55
markets Digital Manufacturing Mobile President PAM stage VVDN in advanced stages of designing mobile phone for US brand: President
VVDN is in advanced stages of designing mobile phones with 5G support for an American brand, a top official told ET, adding that the company plans to invest $100 million in the next 3-5 years to expand capacity. VVDN is aiming to take advantage of the shift of global companies away from China and be the first Indian manufacturer to have design capabilities in-house, without support from a technology partner. “We are investing in designing phones. We have already taken that initiative, and we are building a 5G phone as we speak for the North American market. We already have a customer, and the designs are in advanced stages,” Vivek Bansal, president, VVDN, told ET.
18.10 / 07:35
markets Digital Booking Airlines Mobile PAM travelers Vistara-Air India merger: Will airport lounge access booked on Vistara be valid when flying Air India after November 12?
After November 11, 2024, Air India will take over the operations of all Vistara aircraft. After this date, all remaining Vistara flight bookings will be exclusively handled by Air India. Below are important frequently asked questions (FAQs) about booking flights, accessing lounges, getting refunds and cancellations, and other relevant information as per the Vistara-Air India merger on the airlines' websites.
17.10 / 16:03
markets UPS Provident Digital Platform Mobile reports Not concerned about new competitors entering quick commerce space: Albinder Dhindsa of Blinkit
Albinder Dhindsa, chief executive of quick commerce platform Blinkit, on Thursday said that the company isn't concerned about new competitors entering the market. «We are not too worried about competition entering the space. The space is not small. We provide customers with a service they didn't know they needed. We will stay focused on the customer,» said Dhindsa at the India Mobile Congress 2024. Blinkit registered Rs 942 crore in revenue during the first quarter of FY25, a significant rise from Rs 384 crore in the same period last year. It reported a gross order value of Rs 4,923 crore, up 130% year-on-year in the April-June quarter.
17.10 / 09:19
markets Digital Mobile Experts PAM Department 1,600 tonnes of onions coming to Delhi riding 'Kanda Express' for first time
onion prices ahead of the festive season, the government will transport 1,600 tonnes of buffer stock via railways from Maharashtra to Delhi — the first such initiative using rail transport for the kitchen staple. The special rake, dubbed 'Kanda Express', will depart from Maharashtra's Lasalgaon Railway Station and reach Delhi's Kishanganj Railway Station on October 20, Consumer Affairs Secretary Nidhi Khare announced on Thursday. The government expects this bulk movement to help stabilise prices in the Delhi-NCR region, where buffer stock onions are currently being sold at a subsidised rate of Rs 35 per kg. Currently, retail prices are ruling high up to Rs 75 per kg in different cities. «This rail transport initiative marks a historic first,» Khare said, adding that similar arrangements will be extended to Lucknow, Varanasi and northeastern states including Assam, Nagaland and Manipur.
17.10 / 05:33
markets Digital CEO security Strategy Mobile trends Fashion tech brand ANNY secures seed funding led by FAAD Capital
Fashion tech company ANNY announced that it has closed its seed funding round, led by FAAD Capital. The brand was founded in 2023 by Japjot Singh (Founder and CEO), Aveen Kaur (Co-Founder and COO), and Rahul Tanwar (Co-Founder and CTO). The company says that the seed funding will accelerate ANNY’s expansion, enabling investments in AI-driven technology for real-time trend adaptation, supply chain advancements, and top-tier talent acquisition. “With FAAD’s support, ANNY is poised to become the go-to fashion brand for women, offering stylish, accessible options for every occasion,” said Japjot Singh, Founder and CEO of ANNY, in a statement. “We’re excited to soon launch our mobile app and open our first physical store in early 2025, enhancing accessibility and convenience for our customers.”
16.10 / 19:23
markets UPS Waves Digital Strategy Mobile Traffic India business expected to see steady growth for next 3 yrs: Ericsson’s Vicente
India is expected to see steady revenue growth for the next three years, after recent quarterly declines following extraordinary growth in 2023 driven by 5G roll outs, aaid Andres Vicente, Senior Vice President, Market Area South East Asia, Oceania & India, Ericsson. Speaking to ET’s Subhrojit Mallick and Romit Guha, Vicente also backed the view of Indian telcos of a level playing field with satcom companies. Edited excerpts: Opportunities in India… Now that the (5G) infrastructure has been built, we need the adoption of this new infrastructure.
16.10 / 09:01
UPS Mobile trends shooting information travelers Features Banks restricting lounge access? These non-premium credit cards come to rescue
Subscribe to enjoy similar stories. ICICI Bank is the latest major bank to restrict lounge access for its card users. ICICI credit card holders will now need to spend ₹75,000 every quarter to unlock complimentary lounge access in the subsequent quarter.
16.10 / 07:29
markets Digital Strategy Mobile Experts voice reports 'Easier' policy for Musk's Starlink: Akash Ambani, Mittal raise concerns at event attended by Modi
Jio's Akash Ambani and Airtel's Sunil Mittal recently voiced concerns about market access for multinational corporations in the presence of Prime Minister Narendra Modi, the report by (Pankaj Doval) said. During the India Mobile Congress, Ambani emphasised the need for the local storage of data and expressed worries about data being moved abroad.
16.10 / 03:39
UPS DOW Mobile Trade How major US stock indexes fared Tuesday, 10/15/2024
U.S. stocks pulled back from their records as the price of crude oil tumbled again and technology stocks faltered
16.10 / 01:43
markets FIVE security Strategy Mobile Election "EVM batteries have signatures of party representatives": CEC Rajiv Kumar discards Congress allegations
Chief Election Commissioner (CEC) Rajiv Kumar said Electronic Voting Machines are totally «safe and robust,» and have batteries like a calculator, not like a mobile which will be charged everyday. CEC Kumar explained that EVMs had three-layered security including the batteries and in each level signatures of political party representatives were taken to ensure transparency. «People also ask, if pagers can be hacked then why can't EVMs be hacked? Pagers are connected but EVMs are not,» he said during a press conference while announcing the poll dates for Maharashtra and Jharkhand assembly elections on Tuesday.
15.10 / 19:51
Blockchain Platform Mobile RPG Universities reports Schools Blockchain Game Developer Azra Games Raises $42 Million in Series A
Hongji is a crypto and tech reporter. He graduated from Northwestern University's Medill School of Journalism with a Bachelor's and a Master's. He has previously interned at HTX (Huobi Global),...
15.10 / 19:35
markets Digital Strategy Mobile Deloitte PAM Department Communications Minister Scindia interacts with Rocky, Ericsson's 5G-powered robotic dog at India Mobile Congress
Jyotiraditya Scindia on Tuesday visited Ericsson's booth at the ongoing India Mobile Congress, and shared a post on X about Rocky, the company's 5G-powered robotic dog that assists authorities with efficient emergency response. By sending alerts in time, the robotic dog can help authorities deal with emergency situations like fire outbreaks. «Meet my new friend Rocky, Ericsson's 5G-powered robotic dog that assists with efficient emergency response. By sending alerts in time, it can help authorities deal with emergency situations like fire outbreaks,» Scindia said in a post on X (formerly Twitter). Scindia was given a demonstration of the 5G-powered robotic dog, as officials at Ericsson booth explained its functionality. The Minister then patted Rocky, after the demonstration.
15.10 / 15:39
UPS Platform Mobile film Videos Updates YouTube announces major update: Shorts extended to three minutes starting October 2024
Shorts. These will be eligible for the platform's Shorts revenue-sharing model, ensuring creators can earn through the Shorts Feed.
15.10 / 14:41
markets Target Strategy Mobile BABA reports Here's how Lawrence Bishnoi directs his 700 shooters from within prison walls
Baba Siddique has reignited focus on the notorious Bishnoi gang and its leader, Lawrence Bishnoi. Siddique, a 66-year-old Nationalist Congress Party (NCP) leader and former minister, was gunned down outside his son's office in Bandra East, Mumbai, on Saturday night. The attackers, who fired multiple rounds at him, claimed to belong to the Bishnoi gang, whose leader remains incarcerated in Gujarat's Sabarmati Jail.
15.10 / 11:25
UPS Mobile Trade performer RIL investors wait for oil-to-chemicals business profitability to bottom out
Subscribe to enjoy similar stories. Reliance Industries Ltd’s (RIL's) shares hit an all-time high of ₹3,217.6 on 8 July but have fallen almost 16% since then. One problem has been weakness in the oil-to-chemicals (O2C) business, where Ebitda fell 19% year-on-year in the first half of FY25 and 24% year-on-year in the September quarter.
15.10 / 10:01
UPS Platform Mobile Diversity voice exclusive Features Jio launches JioBharat V3 and V4, budget-friendly 4G mobiles in India at ₹1099: Check features
JioBharat V3 and V4 will soon be available for purchase on platforms such as Amazon, JioMart, and via select offline retailers. These phones offer an exclusive prepaid recharge plan starting at Rs. 123 per month, which includes unlimited voice calling and 14GB of data, further enhancing their affordability for a wide range of consumers.Building on the success of the previous JioBharat V2 model, the JioBharat V3 is positioned as a stylish option, while the V4 focuses on usability.
15.10 / 07:15
markets UPS Digital Mobile PAM 2020 India’s multilingual data must be stored in India to build national AI: Akash Ambani
Indian government must revive its data centre policy to ensure that data of Indian citizens is stored locally, Akash Ambani, Chairman, Reliance Jio Infocomm said. The scale and speed of multilingual data generation in India which will fuel the AI revolution will grow exponentially. We request the government to expedite the updating of the 2020 draft of the Data Centre Policy so that Indian data remains within the geography, he said. “Therefore, any company ready to set up AI and machine learning data centres should get all necessary incentives, including incentives for power consumption,” Ambani said. He was speaking in the presence of Prime Minister Narendra Modi at the inaugural session of the India Mobile Congress 2024 at Pragati Maidan, Delhi on Tuesday.
15.10 / 07:15
markets UPS Digital Mobile PAM mountaineering IMC 2024: Satcom services need to coexist with terrestrial networks, says Sunil Mittal
Bharti Airtel Chairman Sunil Mittal said today. “Opening up of the space sector to private industry is a big step….but intertemporal choices will have to be made as to how satellite services which are moving fast and technologies need to coexist with terrestrial networks,” Mittal said while speaking during the inaugural of World Telecommunication Standardization Assembly (WTSA-24) and India Mobile Congress. There are around 5% of people who are in those remote areas, in mountains, in forests where USO is trying to provide the services. With the Satcom services, they will be able to connect on a fast speed network to the internet, he said.
15.10 / 06:35
markets Digital Strategy Mobile Experts PAM reports Satellite companies should buy spectrum by paying license fees just like telcos: Bharti Airtel's Mittal
satellite spectrum, telecom tycoon Bharti Airtel's Sunit Mittal on Tuesday while addressing India Mobile Conferrence asserted that satcoms need to buy spectrum the same way telecom operators do along with paying license fees. «Telecom companies around the globe have done seminal work in connecting the world. They will take the satellite services into the remotest parts of the nations through the USO program and directly through themselves. The satellite companies who have ambitions to come into urban areas serving elite retail customers just need to take the telecom licenses like everybody with the same conditions and will have to buy the spectrum and pay license fees as the telecom players,» Mittal said. The issue around satellite spectrum allocation has once again become the point of disagreement between Reliance Jio and other satcom players.

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