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Especially for 365-day plans priced between ₹2,545 and ₹3,099, Bharti Airtel, Reliance Jio and Vodafone Idea (Vi) are running in-app promotions for customers to save by recharging early. «Clearly, there has been a substantial spike in daily volume of recharges for all spectrums of validity and all three telecom companies are advertising through in-app promotions, the offline retail network as well as payment aggregators,» a telecom company executive said. Paytm, the largest mobile recharge medium for telcos beyond their own apps, said it has seen a 15-20% increase in daily recharges on its platform. «There is also an increased preference for long-term plans,» a spokesperson said.

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Siemens AG aims to more than double the share of software and digital services in sales to 20%, and India will play a key role in this strategy, chief executive officer Roland Busch told ET in an interview. The German conglomerate has become the world's largest industrial software company, pivoting from legacy industrials and manufacturing. «India was traditionally known for offshoring software and engineering products… the company is now looking at more of deep technology and development of core products,» Busch said. «We believe that the DNA of Siemens is technology, and this is where the value of Siemens sits.» This part of the business is relatively small but growing rapidly, the CEO said. «We are currently sitting on₹6.5 billion of software and digital business revenues out of a total ₹75 billion for the group. So there's still a way to go, but this part grows faster,» said Busch.

EPF members who are retiring are already getting interest along with their PF settlements. When will EPF interest be credited for FY 2023-24?Here’s what EPFO has said, 4 ways to check PF balance

government scheme to promote adoption of electric vehicles, sections of EV makers said this time they wanted a subsidy policy with a definite timeline, rather than one that would be abruptly cut off like the previous one. «New changes are too sudden, especially for the automobile industry with its long lead times. We would want the new subsidy regime to last for at least two to three years to truly benefit the industry,» Amitabh Saran, chief executive of electric three-wheeler maker Altigreen, told ET. The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was originally launched in 2015 to encourage the adoption of electric and hybrid vehicles. Under it, a subsidy was provided to EV makers who used it to lower the prices of their products. The second edition, FAME-II, was introduced in 2019 and went on till March 2024 when it was scrapped. There has since been a steep slowdown in EV sales, according to a report by the Federation of Automobile Dealers Associations.

Jio Infocomm taking the lead in raising mobile tariffs and moving to monetise its 5G business could be an indication of the telecom market leader readying for an initial public offering that could be India's largest, analysts said. Some of them expect an IPO as soon as early next year. Analysts and industry executives expect clarity on Jio's big-bang IPO at parent Reliance Industries Ltd's annual general meeting, likely next month.

1993 Mumbai riots has been arrested here 31 years after he went absconding, police said on Tuesday. Sayyad Nadir Shah Abbas Khan was nabbed in Sewri area by a team of Rafi Ahmed Kidwai Marg police station on Monday, an official said. He was named as an accused in a case of attempt to murder and unlawful assembly during the riots in the city that followed the demolition of the Babri masjid in December 1992. Khan was arrested by police but never attended the court after obtaining bail, the official said. The court then declared Khan as a wanted accused and issued a non-bailable warrant against him, the official said. Police visited his residence in Sewri in central Mumbai many times but he remained untraceable. The sleuths finally got a lead about his whereabouts by examining the mobile phone records of his relatives.

The European Union says it’s accepting Apple’s pledge to open up its “tap to pay” iPhone payment system to rivals as a way to resolve an antitrust case and head off a potential hefty fine

Cost-Effectiveness: Lower operational costs make Indian companies an affordable option without compromising quality.Indian web development companies excel in creating custom websites that are not only visually appealing but also highly functional. These companies provide comprehensive web design and development services, which include:E-commerce has become a vital part of the online business ecosystem, and Indian web development companies offer comprehensive e-commerce solutions to help businesses succeed in the digital marketplace.

Chinese banks say they will fight back against digital yuan-themed money laundering and identity theft schemes by rolling out new security protocols.

ChatGPT and the success of OpenAI, Sam Altman has become one of the most well known tech influentials over the last few years, having gained a net worth of $2 billion in a very short span of time. He has seen his chunk of wealth increase from his major projects and plans including ChatGPT, Y Combinator and others, according to a Newsweek report.

₹50,000 remain high. In particular, NBFC-fintech lenders, which have the highest share in sanctioned and outstanding amounts, also have the second highest delinquency levels, only below that of small finance banks." Indeed, the sharp growth in bank lending to NBFCs from 2.5% of the GDP in 2016-17 to 5.2% in 2023-24, suggests the rise of fintech's lending money. Also, with loans easily available over a smartphone, there has been a drop in lending standards at the lower end of the market, leading to higher delinquencies.

The Government of India has decided not to intervene or prevent Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) from raising mobile tariffs, according to a report. Despite the price hike, mobile tariffs in India continue to remain among the lowest globally, prompting authorities to urge telcos to prioritise improving service quality, according to officials. They emphasised that the situation is “not critical.” “There is enough competition in the telecom sector, and the situation is not critical. Consumers may feel some pinch of the price rise, but the hike has happened after three years,” an anonymous government official was quoted by The Economic Times as saying.

visa rules allowing expatriates working in domestic sectors to transfer their visas to the private sector. This change, announced by the Office of the First Deputy Prime Minister and Minister of Defence and Interior Sheikh Fahad Al Yousuf Al Sabah, aims to streamline labor mobility while adhering to the nation's legal framework. Starting July 14, domestic workers can transfer their visas under specific conditions, as reported by Gulf News. These conditions include obtaining approval from their current employer, having a minimum residency period of one year with the current employer, and paying a transfer fee of 50 dinars (approximately Dh600). Additionally, there is a charge of 10 dinars for each year of service with the current employer. The announcement follows a three-month amnesty period, which ended in June, that allowed expatriates residing unlawfully in Kuwait to regularize their status. Options included paying penalties, obtaining new residency, or leaving the country without fines.

Meta has worked with Vodafone to free up capacity on 11 of its European mobile networks by optimising the delivery of short-form video without noticeably compromising the viewing experience. Demand for video on Instagram, TikTok and YouTube is driving relentless growth in data usage on mobile networks.

Japanese bomb from the World War II era. The finding immediately drew a crowd, with speculation running high until confirmation came from officials at Gopiballavpur police station. Evacuation and Safety Measures Upon confirmation of the bomb's historical significance, a joint effort between local police and a specialized Air Force unit was swiftly mobilized to ensure safe disposal. The operation necessitated the evacuation of residents within a 1-kilometer radius, with extensive precautions taken, including the deployment of a substantial police force and the strategic placement of 5,000 sandbags to contain any potential hazards.

Reliance, while Investec and Morgan Stanley have a 'buy' and 'overweight' call on M&M, respectively. Axis Capital has downgraded ICICI Bank to 'add' from 'buy', while Ambuja Cements received a double upgrade from Nomura. Morgan Stanley has maintained an 'overweight' call on IndiGo. We have collated a list of recommendations from top brokerage firms from ETNow and other sources:

₹10,000 crore to fund 7,090 buses, 500,000 three- wheelers, 55,000 cars and 1 million two-wheelers. This scheme ended in March 2024. An electric mobility promotion scheme (EMPS) was launched in the interim before a third version is rolled out in the budget.

Banks are in a fix over the latest regulation from the Telecom Regulatory Authority of India (Trai) that mandates digital consent for sending commercial communication. Lenders have reached out to the government, seeking clarity on whether consent is needed even for sharing transaction details, a practice currently followed as per Reserve Bank of India (RBI) guidelines, people familiar with the development told ET.

Stocks that are trading heavily or have substantial price changes on Monday: