Mobile Financial News

TVS Electronics, an electronic products and warranty solutions company, has seen a robust rally in the last 10 years, rising as much as 1,065%. Accordingly, if an investor had pumped Rs 10,000 into the stock four years ago and stayed put, the investment would have jumped to 1 lakh, according to an analysis by ET Markets.

Consumers may face disruptions in getting service and transactional messages from banks, financial institutions and ecommerce firms on their mobile phones from next month following a telecom regulator move aimed at curbing spam, specifically phishing attempts. The Telecom Regulatory Authority of India (Trai) has asked telcos to stop transmitting messages containing URLs, OTT links, APKs (Android application packages) or call-back numbers that are not whitelisted--or registered with telcos--by senders from September 1. The regulator's ultimatum means banks, financial institutions and online platforms must get their templates and content registered with operators by the August 31 deadline, failing which messages containing these elements will be blocked.

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Narendra Modi's BJP came to power. As then-secretary, Department of Industrial Policy and Promotion (Dipp), Kant was presiding over a stakeholder discussion on whether multi-brand retail should be allowed in India. Over a decade since, Piyush Goyal has, yet again, highlighted his government's concerns over the growth of ecommerce in India — that there will be social disruption, there is predatory pricing in ecommerce, and the number of mobile stores in the country has declined over the past 10 years. He is concerned — and rightly so — about the fate of millions of small retailers and kirana stores in the country. The point that I made to Kant in 2014 still stands: ecommerce offers consumers a much wider variety of products, whether coloured socks, numbered swimming goggles or air-purifiers. It benefits both sellers and buyers. Customers in Tier-2 and -3 towns access a wider variety of products online, without relying on someone to go to a metro to purchase it. Sellers find buyers across the country.

Indian-Americans have launched a new website — DesiPresident.com, with the tagline 'Kamala Ke Saath". Harris, 59, is of mixed parentage; her mother immigrated to the United States from Chennai and her father moved to the country from Jamaica. «The coming months are filled with excitement and promise as we rally together to make history. Your participation and enthusiasm are key to our success, and we can't wait to embark on this journey with you,» the website said. The Desi President, a project of the Indian American Impact Fund, has launched a T-shirt with the tagline «Kamala Ke Saath: Vote Kamala», which has become an instant hit on social media platforms.

Ecos Mobility and Hospitality has announced a price band of Rs 318-334 for its upcoming initial public offering (IPO), which will raise Rs 601.20 crore. The IPO will open for bidding on August 28 and close on August 30." The IPO size of Rs 601.20 crore is based on the upper end of the price band.

Apple will allow iPhone and iPad users in the European Union delete the App Store or its Safari browser, the tech giant told developers on Thursday. Apple had long fiercely protected the App Store as the lone gateway for digital content to get onto its popular mobile devices. The change comes as the company loosens its grip on devices in the EU due to the bloc's landmark new digital rules. «The App Store, Messages, Camera, Photos, and Safari apps will be deletable for users in the EU,» Apple said on a support page for developers.

RBI) has announced that there will not be any pre-debit notification on auto-replenishment of FASTag and NCMC, as and when the balance falls below the preset limit. In its monetary policy meeting held in June 2024, the RBI announced the inclusion of recurring payments for Fastag, National Common Mobility Card (NCMC), etc. with auto-replenishment facility under the e-mandate framework. The RBI circular dated August 22, 2024 said, “It has been decided to include auto-replenishment of FASTag and NCMC, as and when the balance falls below a threshold set by the customer, under the e-mandate framework. Payments for auto-replenishment, since they are recurring in nature but without any fixed periodicity, will be exempt from the requirement of pre-debit notification”

Shiba Shootout ($SHIBASHOOT) isn’t cooling its peacemaker barrel anytime soon, as its presale hits the bullseye with $1 million raised and counting.

right to disconnect." The law, which passed in February, protects employees who refuse to monitor, read or respond to contact from their employers outside work hours. Similar laws giving employees a right to switch off their mobile devices are already in place in France, Germany and other countries in the European Union.

debit and credit cards–is no longer required to validate tokenised card payments, the bank said. Card tokenisation happens when cardholders save their cards online on e-commerce sites or mobile apps. Customers save their cards on apps or sites where they transact frequently to avoid typing out the full details of the card each time they make a payment.

Goyal on Wednesday alleged that Amazon's proposed $1-billion investment in India is to compensate for its huge loss that «smells of predatory pricing,» and of no great service to the economy. He also questioned the impact of ecommerce on crores of small retailers. «Are we going to cause huge social disruption with this massive growth of ecommerce?» «I don't see it as a matter of pride. It's a matter of concern,» Goyal said.

Piyush Goyal on Wednesday questioned Amazon's announcement of USD 1 billion investment in India, saying the US retailer was not doing any great service to the Indian economy but filling up for the losses it had suffered in the country. He said that their huge losses in India «smells of predatory pricing», which is not good for the country as it impacts crores of small retailers. Launching a report on 'Net Impact of e-commerce on Employment and Consumer Welfare in India' here, the minister lambasted the e-commerce companies, questioning their business model that has been impacting small retailers in the country. «When Amazon says that we are going to invest a billion dollars in India and we all celebrate, and we forget the underlying story that the billion dollars are not coming in for great service or any great investment to support the Indian economy. They made a billion-dollar loss in their balance sheet that year, they had to fill in that loss.

Netflix will release "Squid Game: Unleashed" video game. This will be a multiplayer game and will be available for iOS and Android users. The multiplier mobile game from the OTT streaming giant is based on the highly successful Korean show «Squid Game». The game was unveiled by Netflix at Gamescom, as per a WhatsOnNetflix report. «You win some, you die some. Use skill and quick reflexes to survive twisted competitions in this multiplayer action game inspired by the hit series. Squid Game: Unleashed is coming soon to the Netflix App,» the caption for «Squid Game: Unleashed» reads.

Sead specializes in writing factual and informative articles to help the public navigate the ever-changing world of crypto. He has extensive experience in the blockchain industry, where he has served...

kirana stores. After e-commerce, now quick commerce is eating into India's large kirana sector which comprises nearly 12 million stores, selling groceries and personal care and other items. People are starting to shift some of their grocery shopping from local stores to quick commerce platforms such as Blinkit, Instamart, Zepto and BB Now, which are often able to offer products 10%-15% cheaper than local stores. When time is money, especially in urban areas, people are willing to pay a little more to save on it. When quick commerce gained shape in India during the Covid pandemic, a large section of the industry had written it off. Their argument was that Indian consumers were not going to pay convenience fees, no matter what. Some even insisted that consumers would happily wait for a few hours or even a day, if that meant they would get their orders delivered free. Today, one after the other, leading FMCG companies in their 2023-24 earnings report state that quick commerce is now not just their fastest growing channel, it is what is driving their e-commerce business growth itself, ET has reported.

Ola Electric successfully met the minimum localisation criteria of 50% as mandated by the Ministry of Heavy Industries. The company stands to receive incentives ranging from 13% to 18% of the determined sales value of compliant products for up to five consecutive financial years starting from Fiscal 2024. With this Ola Electric has become the only EV maker to get PLI compliance certification for four products: S1 Air, S1 Pro, and S1 X models in both 3 kWh and 4 kWh versions. The S1 Air received PLI certification earlier at the Auto PLI Conclave held in January 2024. Following this announcement, shares of Ola Electric rose by 4.4% to INR 143.8 in Wednesday trading on the BSE.

Mint delves deeper into the issue and what’s likely to come next. The telecom regulator sought comments from stakeholders on how to frame the terms and conditions to grant licences for services that fall under the new telecom law, which came into effect earlier this year.

Piyush Goyal on Wednesday expressed concerns over the rapid expansion of e-commerce firms in India, describing it as a «matter of concern» rather than an achievement. Speaking at an event for the launch of a report on the 'Net Impact of E-Commerce on Employment and Consumer Welfare in India', Goyal raised questions about the potential social disruption that might follow this surge. «Are we going to cause huge, social disruption with this massive growth of e-commerce? I don't see it as a matter of pride that half our market may become part of the e-commerce network 10 years from now; it is a matter of concern,” Goyal remarked.

okada, and boda boda. They are transforming mobility in Africa. Behind the rise is a story of supply and demand.

ZUG, August 20, 2024 – In a groundbreaking move for the digital asset landscape, Partisia Blockchain proudly announces that its highly anticipated MPC token is now officially supported by Koala Wallet, the trailblazing mobile wallet solution. This strategic integration is set to revolutionize how users manage their digital assets, bringing a new level of accessibility and security to the crypto space.