Mobile Financial News

Mobikwik reported a net profit of Rs 14 crore in FY24, compared to a loss of Rs 80.6 crore a year ago. Its operational revenue jumped 62% on year to Rs 875 crore from Rs 539 crore in FY23. The company had reported a net profit in the first half of FY24 as well, and said it plans to maintain its profitable streak and continue showing strong financials. The company’s lending operational expenses shot up sharply during the year, rising 294% to Rs 270 crore from Rs 68.5 crore in FY23.

Jio added way more active users than Bharti Airtel in June 2024, but the Sunil Mittal-led telco added more higher-paying 4G and 5G users than its closest rival in that month. Vodafone Idea (Vi) continued to lose active users but gained some 3G and 4G users, according to latest telco subscriber data released by the regulator Tuesday. Jio added nearly 4 million active users to Airtel’s modest 0.67 million additions in June, while Vi lost as many as 2.71 million active users, latest customer data put out by the Telecom Regulatory Authority of India (Trai) showed. Vi’s heavy losses on this score underlined its continuing inability to fight bigger rivals, Jio and Airtel. As per Trai data, Jio, Airtel and Vi’s active user bases were at 440.94 million, 384.83 million and 188.26 million respectively in end-June.

Lucy Adcock, a 47-year-old from Ruislip, West London, led a double life. By day, she was a devoted single mother of five, handling school runs and family dinners. By night, she ran an organized crime group using drones to smuggle contraband into UK prisons. Adcock managed operations that involved delivering drugs and mobile phones worth nearly £1.5 million to six high-security jails, as per the reports of The Sun.co.uk. From her home, Adcock coordinated a team of four “ground crew” members. They used heavy-duty drones to drop packages of drugs and phones over prison walls. The contraband, wrapped in cling film and placed inside socks with fishing hooks, was retrieved by inmates using makeshift ropes. The operation was highly organized, with Adcock directing the crew from her car parked up to 20 miles from the prison.

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telcos' demand to bring OTTs under a licensing or authorisation regime, stating that apps are already regulated under the Information Technology Act (2000). Industry bodies representing the OTT players, in response to the Telecom Regulatory Authority of India’s (TRAI) consultation paper seeking inputs on service authorisations under the newly passed Telecommunications Act, have cautioned against bringing the apps under regulation. “From a technical perspective, TSPs (telecom service providers) operate on the network side, while OTT providers operate on the application layer. Therefore, there is a clear distinction in the operational and technical and nature of OTT service providers and TSPs,” said the Internet and Mobile Association of India (IAMAI) in its counter comments to the consultation paper, adding that OTT services do not fall within the scope of the telecom act.

Department of Telecommunications (DoT) believes that the Telecom Regulatory Authority of India (Trai) should examine the issue of backhaul spectrum holistically, particularly due to technology advancements such as 5G and 6G, said officials. While historically, backhaul airwaves were given administratively, or without auctioning, telecom operator Reliance Jio says such bandwidth can also be used for access, or mobility services, and hence should be auctioned, a point opposed by rivals Bharti Airtel and Vodafone Idea. Satcom players such as Elon Musk-owned Starlink and Amazon's Project Kuiper want the same spectrum to be offered administratively, on a non-exclusive basis, for meeting their connectivity needs.

This article explores the best tripods available on the market, highlighting their features, strengths, and what makes them stand out. From lightweight travel options to sturdy models for studio work, you'll find a variety of choices that cater to different needs and budgets, ensuring you have the right support for every shooting scenario.

Democratic National Convention 2024 (DNC 2024) is all set to start in Chicago from Monday and all eyes will be on the party's presidential nominee Kamala Harris' speech. So when is Kamala Harris' speech at Democratic National Convention 2024.

Agnibaan. The company used an industrial 3D printer to make the semi-cryogenic rocket engine as “a single piece in less than a week—right from the place where the fuel enters the engine, till the exhaust and nozzle," Srinath Ravichandran, Agnikul’s co-founder and CEO, told Mint. 3D printing, also known as additive manufacturing, fabricates complex objects by depositing materials layer by layer.

CBI are looking into the call details and chats of former principal of RG Kar Medical College and Hospital, Sandip Ghosh, in connection with their probe into the rape and murder of a woman doctor. Ghosh, who appeared before the CBI officers on the third consecutive day on Sunday, was asked to furnish details of the phone calls he made before, and after the incident at the hospital, an officer of the central probe agency said. The sleuths are also mulling contacting the mobile phone service provider to get the details of Ghosh's phone calls and data consumption, he added. The former principal, who was grilled by the agency's officers for over 13 hours from Saturday till past midnight, reached the CBI office at CGO Complex in Salt Lake at 11 am on Sunday.

TVS Motor Company plans to expand the sales of its electric vehicles to both developing and developed markets, betting big on India's potential to emerge as a major export hub for electric two-wheelers, according to Director and CEO KN Radhakrishnan. The company will leverage on its plant in Indonesia to cater to other neighbouring markets in the ASEAN region, where it has started selling its electric scooter TVS iQube last year, he told analysts. In the first quarter of this fiscal TVS Motor Co sold a total of 52,000 units of electric two-wheelers, as against 39,000 units in the same period last year. «We strongly believe that India will emerge as a major export hub for two-wheeler EVs. With the continuous improvement in the EV supply chain and infrastructure, we are confident that we will continue to be a strong player in the EV segment,» Radhakrishnan said.

Kolkata: The West Bengal government announced a slew of measures to ensure the safety of women in workplaces, particularly at state-run hospitals, where they have to work on night shifts, too, including designated retiring rooms and CCTV-monitored 'safe zones'. Chief Advisor to Chief Minister Mamata Banerjee, Alapan Bandyopadhyay, announced the measures during a press meet here on Saturday, amid continuing protests by doctors across the state against the alleged rape and murder of a medic at RG Kar Medical College and Hospital. Apart from hospitals and medical colleges, hostels and other places engaging women during night shifts will now come under the ambit of a flagship programme 'Rattirer Sathi — Helpers of the Night', comprising volunteers, he said. The state government has also decided to develop a mobile application with alarm devices, which can be downloaded by women and used for communication with the respective local police stations in case of any emergency.

Karnataka Government, led by Chief Minister Siddaramaiah, conducted a strategic meeting on Friday with Young Liu, CEO and Chairman of Hon Hai Technology Group (Foxconn), to discuss strengthening the company's investment in Karnataka and exploring future expansion opportunities. The meeting stressed on Foxconn's ongoing and prospective projects that are expected to significantly boost the state's economic growth, job creation, and technological innovation. The meeting was attended by notable members of the Karnataka delegation, including Deputy Chief Minister D.K. Shivakumar, Minister for Large and Medium Industries and Infrastructure Development MB Patil, Minister for Information Technology and Biotechnology Priyank Kharge, Principal Secretary of the Department of Commerce and Industries Dr. Selvakumar S., and Commissioner for Industrial Development and Director of the Department of Commerce and Industries Gunjan Krishna. Foxconn will establish a major mobile phone assembly plant, known as Project Elephant, in Karnataka. The company has secured 300 acres of land in the ITIR Industrial Area, which spans Doddaballapura and Devanahalli Taluk in Bengaluru Rural District. With an investment of Rs 22,000 crore, this project is expected to generate over 40,000 jobs.

telecom operators have fallen 12% to ₹1,335 crore for the fiscal ended March 31 from ₹1,516 crore in the previous fiscal, even as two of the three operators have shown a decline in content investments, as per the figures sourced from the annual reports of these companies. In the last few years, telecom operators have been heavily focused on acquiring content from TV broadcasters, besides partnering with streaming platforms, to build stickiness and drive data consumption. According to Jio Platforms' annual report, the company's content charges jumped 74% to ₹362 crore. Jio Platforms, the holding company of Reliance Jio Infocomm, also owns JioTV, India's largest live TV aggregation service.

With over $6 million raised, PlayDoge ($PLAY) has announced that its presale will conclude on August 26 at 10 am UTC.

We have highlighted the pros and cons of each model to help you make an informed decision, ensuring you choose the Redmi smartphone that best fits your needs and preferences. Highlights include impressive displays, powerful processors, and advanced camera systems that enhance your mobile experience. So, without wasting any time dive into this list of the best Redmi mobiles and bring home a phone that fits your lifestyle.

Android devices after a gap of four years, following legal measures by the EU, developer Epic Games said on Friday. Fortnite, created by Epic, a U.S.-based studio, and backed by China's Tencent, the world's largest game studio, launched in 2017 and its last-player-standing, «battle royale» format became an instant hit, drawing in millions of dedicated players. But in August 2020, Apple and Alphabet's Google removed Fortnite from their app stores for violating their guidelines by launching a payment feature, prompting several lawsuits challenging their rules of charging up to 30% commissions on payments.

ACI) the highest Level five accreditation, officials said on Friday. Bangalore Airport has made a remarkable 95.6 per cent reduction in Scope 1 and 2 Greenhouse Gas (GHG) emissions, attaining the highest emission elimination by an Indian airport, achieved seven years ahead of the initial target of 2030, they said. The accreditation comes into effect from May 5, 2024. «BLR Airport has made significant strides in its decarbonisation journey and set new benchmarks by transitioning to 100 per cent renewable electricity and implementing initiatives focusing on sustainable mobility and green infrastructure.

Pakistan government has confirmed that it was upgrading its «web management system» to cope with cyber security threats amid speculation about the installation of a so-called 'firewall' that could be leading to internet disruptions in the country, according to a media report on Friday. Millions of people across Pakistan have been facing trouble accessing internet services for some time now due to limited connectivity, particularly while using mobile data in some regions. So far, official stakeholders in Pakistan have either been feigning ignorance in response to public outcry and media queries, or claiming that the problems were because of telecom and internet service providers, or even Meta.

In 2022, I was sent on an assignment to a city that did not have an airport and reaching via train was the most viable way. I was eligible to travel in AC first class and a looming deadline meant that I, solo traveller, ended up by paying little attention to my travel plan. It was a mistake that I will never repeat again.