Mobile Financial News

I hear and I forget. I see and I remember. I do and I understand. — Confucius

DPIIT) will suggest the finance ministry to correct duty inversion in some electronics and leather goods in the upcoming customs duty review and is also looking at suggestions on a crackdown on tobacco firms' proxy ads, DPIIT secretary Rajesh Kumar Singh said. In an interview, he also told ET that the government has instruments such as Quality Control Orders (QCO) and import tariffs to trigger investment decisions. Edited excerpts:

Complex and confusing taxation systems make it easier for wind’s opponents, some citing misinformation, to say that wind has fallen short of its promises

Nokia smartphones are dying a slow death with brand licensee HMD Global now focused on promoting its own brand alongside exploring partnerships and white-label manufacturing with established brand names like Mattel's Barbie and Dutch beverages company, Heineken.

Supreme Court on Thursday sought a response from the Uttar Pradesh government on MLA Abbas Ansari's plea seeking bail in a case where he has been accused of threatening various people to extort money while using the mobile phone of his wife who used to visit him in Chitrakoot district jail where he was lodged. Ansari, an MLA from Mau assembly constituency, has moved the apex court challenging the May 1 order of the Lucknow bench of Allahabad High Court which had rejected his bail plea in the case.

Pradhan Mantri Kisan Samman Nidhi (PM-KISAN) is a central government scheme that offers income support to all landholding farmers' families in the nation to help them meet their needs for domestic needs as well as various inputs related to agriculture and related activities.

Adani Green Energy Ltd, the renewable energy arm of Adani Group reported a 95% increase in consolidated net profit for the quarter ended June 30, on the back of higher revenues led by capacity addition. Net profit came in at Rs 629 crore against Rs 323 crore reported in the first quarter of the last fiscal year.

war against Ukraine still raging, the Moscow city government offers substantial financial incentives to residents who enlist in the Army. According to the mayor's office, new enlistees will receive an initial payment of 1.9 million roubles (Rs 18,00,000), with total first-year compensation reaching 5.2 million roubles (Rs 50,00,000). This increase makes the annual income for Moscow's contract soldiers more than five times the country's average nominal wage.

₹18,100 crore production-linked incentive (PLI) scheme for advanced chemistry cells (ACC) is nearly exhausted. Early gainers may include companies already approved under the ACC PLI such as Ola Electric Mobility, Reliance New Energy and Rajesh Exports.

net profit at Rs 204.2 crore for the first quarter ending June of the ongoing fiscal year 2025. The profit was due to a one-time income gain of Rs 39.6 crore as compared with Rs 13.4 crore a year ago.

Spain's antitrust regulator said on Wednesday it had opened an investigation into possible anti-competitive behaviour by Apple's App Store, an allegation the tech giant denied.

PLI scheme for large scale electronics manufacturing have cumulatively invested Rs 8,282 crore till June 2024, Parliament was informed on Wednesday. Minister of State for Electronics and IT Jitin Prasada in a written reply to Lok Sabha said that a total of 32 companies were approved with committed investment of Rs 11,324 crore and a projected production target of Rs 10.7 lakh crore under the PLI (Production Linked Incentive) scheme for Large Scale Electronics Manufacturing.

Japanese automotive giant Toyota is considering leveraging Ethereum blockchain in designing vehicle Mobility-Oriented Account (MOA).

Google was going to dump its cookie jar into the garbage. For now, it’s back on the shelf. The company reversed course on Monday and said it isn’t getting rid of the software cookies that track you across the web.

Union Budget: The recent budget announced by finance minister Nirmala Sitharaman brings relief to consumers by reducing customs duties on various imported goods, making luxury items and essential commodities more affordable.

electric vehicles will be supported under the four-month Electric Mobility Promotion Scheme (EMPS) being implemented between April and July with an outlay of Rs 493.55 crore, the government said on Tuesday. Electric Mobility Promotion Scheme (EMPS) — 2024 will provide further impetus to the green mobility and development of electric vehicle (EV) manufacturing ecosystem in the country. The maximum number of electric vehicles to be supported under the scheme stands at 3,72,215, including 3,33,387 electric two-wheelers, 13,590 e-rickshaws or e-carts and 25,238 electric three-wheelers in the L5 category, according to figures shared by the Ministry of Heavy Industries. «EMPS 2024 is fund limited, with restricted number of vehicles and a term-limited Scheme, i.e., the subsidies for demand incentive are eligible for e-2w and e-3w sold and registered until the funds are available or the number of vehicles supported reaches the maximum number defined category-wise (shown in para above) or until July 31, 2024, whichever comes first,» the ministry stated.

Pradhan Mantri Awas Yojana (Urban) 2.0 and set aside Rs 4,000 crore for Credit Linked Subsidy Scheme (CLSS). In the 2024-25 Union Budget, PMAY-U has been allocated Rs 30,170 crore, an increase of 20.19 per cent from the 2023-2024 budgetary allocation.

WABetaInfo report, a WhatsApp features tracker, this feature was previously in testing for Android users. Now, it is making its way to iOS through the TestFlight beta program, specifically in the WhatsApp beta for iOS version 24.15.10.70.With this upcoming feature, users will be able to send videos, photos, documents, and other media directly to nearby devices using WhatsApp, bypassing the need for an active internet connection.

Union Budget: Finance Minister Nirmala Sitharaman on Tuesday, while presenting the full budget for FY25, announced a 15 per cent duty cut on mobile phones and accessories.

South Korean prosecutors have arrested the founder of the country’s tech giant Kakao Corp. on suspicion of stock price rigging during his company’s takeover of a major K-pop agency last year