Mobile Financial News

One97 Communications on Wednesday responded to a media report claiming that Adani Group chairman, Gautam Adani, is likely considering acquiring a stake in Paytm's parent company One97 Communications. «We hereby clarify that the abovementioned news item is speculative and the company is not engaged in any discussions in this regard. We have always made and will continue to make disclosures in compliance with our obligations under the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015,» communicated the company in an official statement. Read More: Adani's fintech play: Gautam Adani likely in talks with Vijay Shekhar Sharma to acquire stake in Paytm's parent co

BEIJING — The International Monetary Fund on Wednesday raised its forecast for China's growth this year to 5%, from 4.6% previously, due to «strong» first quarter figures and recent policy measures.

and markets calibrate their share values, employee stock options or ESOPs are increasingly being seen as a lucrative perk for those being hired in top positions. The period January-May 2024 has seen 340.5 million shares being allotted through ESOPs by 461 listed companies, according to an analysis by Mint of data from Capitaline database. The same period last year had seen 253.9 million ESOP allocations by 382 companies.

The Board Of Secondary Education Rajasthan (RBSE) has opened the window to register for mark verification for Class 12 students who are unsatisfied with their board results, announced on May 20, 2024, at rajeduboard.rajasthan.gov.in. In addition to mark verification, students can also apply for photocopies of answer sheets.

₹20-trillion plan envisages construction of more than 75,000 km of highways over the next 15 years, including 50,000 km of access-controlled highways or expressways, one of the two persons said on condition of anonymity. As of now, about 4,000 km of centrally funded access-controlled highways have been built. Queries sent to MoRTH remained unanswered till press time.

Income Tax Department has urged taxpayers to link PAN with Aadhaar by May 31, 2024, to avoid higher tax deducted at source (TDS) or tax collected at source (TCS). In a post on social media platform X on May 28, 2024, the tax department said, “Kind attention taxpayers, please link your PAN with Aadhaar before May 31st, 2024.” “Linking your PAN with your Aadhaar by May 31 ensures you don’t face higher tax deduction/ tax collection under Section 206AA and 206CC of the Income Tax Act, 1961, due to an inoperative PAN for the transactions entered into before March 31, 2024,” it added.

ALSO READ: Karnataka: Horrific stabbing in Hubbali after woman rejects advancesMeena, a 2016-batch IRS officer currently posted in Delhi, had told the police that Shilpa had locked herself in a room and hung herself from a ceiling fan, according to a report by the Times of India.Meena had also claimed that the room’s door was opened by a security guard, who he had called after Shilpa was not responding for a long time. Shilpa was a human resource staff at Bharat Heavy Electricals Limited (BHEL).

Click here to read more Mukesh Ambani is set to enter Africa with a telecoms venture, seeking to win mobile broadband customers in a high-growth market, Bloomberg reported.Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo., according to Harkirit Singh, the executive director of NGIC. He described the plans ahead of NGIC’s launch announcement on Monday in Mumbai, India’s financial hub.

Mint that further investments will be made in the coming years.“The Ghanaian government is an enabler of this initiative, which will bring digital services, e-learning and mobile finance products to the country. It will not be the one fuelling investments though—that will be enabled through the PPP model of NGIC," Owusu said.

Electric-vehicle charging infrastructure is having a hard time keeping up with EV sales.

The Arbitrum community is showing strong support for a governance proposal that aims to allocate 200 million ARB tokens towards the development of web3 games on the Ethereum Layer 2.

Telecom companies will have to pay GST along with the instalments paid towards spectrum charges, a senior official said. The Department of Telecom (DoT) will hold the next round of spectrum auction on June 6 for eight spectrum bands meant for mobile phone services. The base price for the auction has been set at Rs 96,317 crore. The spectrum will be assigned for 20 years and successful bidders will be allowed to make payments in 20 equal annual instalments in the coming mega auction. The official said Goods and Services Tax (GST) will have to be paid at 18 per cent by telecom companies along with each instalment.

In space warfare, the U.S. military is seeking the ultimate high ground. The satellites central to national defense and global communications have long faced threats from the ground, such as signal jamming and missile attacks.

Africa as in India. It is the second-biggest telecom company in the continent after South Africa's MTN. Fourteen years ago, Bharti Airtel chairman Sunil Mittal took the brave decision to go to Africa and it has been a perilous journey for his company. Africa, where Mittal had expected to map India's telecom growth story onto the continent, turned out to be little like India with its sparse population as well as political volatility which would discourage any pioneer telecom company. Now that Airtel Africa seems to be out of the woods, and having acquired an elephantine footprint in 14 countries across the continent, a big challenge might be shaping up. Mukesh Ambani, the chairman of Reliance Industries (RIL), who disrupted India's telecom market with low tariffs and cheap handsets by launching Reliance Jio in 2015 and swept aside Airtel to become the market leader, is acquiring a tiny foothold in the African telecom market as a telecom tech and equipment vendor. Also Read: RIL's Mukesh Ambani set for African safari with 5G tech solutions

Mukesh Ambani is set to enter Africa with a telecoms venture, seeking to win mobile broadband customers in a high-growth market.Radisys Corp., a unit of Ambani-controlled Reliance Industries Ltd., will provide key network infrastructure, applications and smartphones for Ghana-based Next-Gen InfraCo., according to Harkirit Singh, the executive director of NGIC. He described the plans ahead of NGIC’s launch announcement on Monday in Mumbai, India’s financial hub.

Severe Cyclonic Storm 'Remal' has been moving northwards after making landfall over the coastal areas of West Bengal and Bangladesh. According to the India Meteorological Department (IMD), the cyclone is expected to gradually weaken into a Cyclonic Storm today as it continues its north-northeastward trajectory. «The Severe Cyclonic Storm 'Remal' over the North Bay of Bengal moved nearly northwards, with a speed of 13 kmph during past 06 hours, crossed Bangladesh and adjoining West Bengal Coasts between Sagar Islands and Khepupara close to southwest of Mongla near Latitude 21.75°N and Longitude 89.2°E between 22:30 hrs IST of 26th May to 00:30 hrs IST of 27th May 2024 as a Severe Cyclonic Storm with wind speed of 110 to 120 Kmph gusting to 135 Kmph,» said IMD in a post on X. «It lay centered at 01:30 hrs IST of today, the 27th May, 2024 over Coastal Bangladesh and adjoining Coastal West Bengal, near latitude 21.9°N and longitude 89,2°E about 115 km east of Sagar Islands (West Bengal), 105 km west-southwest of Khepupara (Bangladesh), 70 km southeast of Canning (West Bengal) and SO km south-southwest of Mongla (Bangladesh), The system would continue to move nearly northwards for some more time and then north-northeastwards and weaken gradually into a Cyclonic Storm by morning of 27,» added the post.

Project Gameface, an open source, hands-free, on-device, AI-powered ‘mouse’ developed by Google, was designed through feedback from Incluzza, a social enterprise in Bengaluru that supports people with disabilities. Gameface allows users to control a cursor on a phone, computer or tablet with head movements and facial expressions via a webcam. Users can for example raise their eyebrows to click and drag or open their mouth to move the cursor. “We collaborated with Incluzza to learn how Project Gameface can be expanded to educational, work, and other settings, like being able to type messages to family or searching for new jobs,” said Avneet Singh, product manager, Google Partner Innovation, at an international press briefing and demo on May 14 on the sidelines of Google I/O in Mountain View, California.

Reliance Industries Ltd (RIL) entity is set to offer a range of 5G shared network infrastructure solutions in Africa with a local company backed by Ghana, marking the conglomerate's entry into the league of global telecom tech and equipment vendors. Radisys, owned by RIL unit Jio Platforms Ltd (JPL), along with Tech Mahindra and Finland's Nokia, is partnering with Next-Gen Infrastructure Co. (NGIC), in which the Ghanaian government, Ascend Digital and K-Net hold equity, for the foray.

department of telecommunications (DoT) and mobile operators devised a system that can identify and block spoof international calls showing up as Indian numbers. Through this, the government and telcos are seeking to give relief to mobile users who have been getting such calls from cyber criminals posing as police officials, courier company workers and even DoT and Trai officials. Hoax international calls originate outside the country, but cyber criminals manipulate the calling line identity (CLI) to make such calls appear as originating within India. The DoT has directed telecom carriers to block such calls.

electronics manufacturing industry is urging the government for a ₹30,000-₹35,000 crore production-linked incentive (PLI) scheme for components and sub-assemblies, along with capital expenditure backup to support surging exports of mobile phones and other electronics. «The incentive scheme is needed to support growing demand for electronics components to the tune of $75-$80 billion by 2026, and $300 billion by 2032 to support $300 billion worth of electronics products manufacturing by 2026 and $1.2 trillion by 2032,» the India Cellular & Electronics Association (ICEA), which represents top smartphone brands and manufacturing companies, said. The scheme's objective is to boost domestic value addition, especially in mobile phone manufacturing to 35-40%, from 18% now, said ICEA, adding component manufacturing should run parallel to the development of semiconductor ecosystem, currently underway in India. «In confronting its burgeoning semiconductor demand, we must recognise the emergent necessity to pivot from heavy reliance on imports towards fostering an indigenous semiconductor ecosystem, underpinned by localised PCBA operations, focused circuit design, and deepened value addition across product manufacturing,» the industry body said.

₹1,150; General-EWS/OBC(NCL) ₹600 and for SC/ST/PwD/Third Gender candidates ₹325. All categories must pay the examination fee before the last day of fee payment i.e.