Mobile Financial News

Also Read | From CIBIL to banks, different ways to access your credit report In May 2024, the following dates are declared as bank holidays across various states: May 1 (Wednesday): Maharashtra Day/May Day, observed nationwide as Labour Day. May 7 (Tuesday): Lok Sabha General Elections, affecting banking operations in Gujarat, Madhya Pradesh, and Goa. May 8 (Wednesday): Birthday of Rabindranath Tagore, with banks closed in West Bengal.

Tornadoes can make a landfall anytime of the year in the US, but an analysis has revealed that maximum number of tornadoes make a landfall in the month of May. Analysis of data from the years 1991-2020, revealed that 1333 tornadoes were recorded across the US every year and 54% of them occurred in the months of April-June, as per a report on Fox. Historically, on an average, 294 tornadoes every year has been recorded in the month of May whereas April and June have averaged 212.

Telecommunications company Vodafone is taking steps to leverage SIM card technology  in order to meet the expected surge in demand for crypto transactions on mobile phones. 

₹3,970. This amount doesn't include GST or the IRCTC convenience fee for booking heli flights, which must be paid separately.

OCI investors to enter the market. Existing non-resident investors have also been affected. Due to this, many NRIs are losing out on the ability to capitalize on investment opportunities. The new KYC norms, which came into effect on April 1, 2024, introduced stringent requirements, rendering certain documents such as bank statements or utility bills not considered valid documents for completing the KYC process. While the new rules aim to enhance security and compliance, they have inadvertently created investment barriers for NRIs. As per the Aadhaar rules, NRIs and OCIs with foreign mobile numbers are exempted from the Aadhaar-linked OTP verification requirements, provided their PAN reflects their NRI status. Despite such an exemption, the new KYC norms of compulsory Aadhaar validation to get 'KYC Validation' status portray a different scenario and have created a conflict of regulations for the Indian diaspora.

Broadband internet are disrupted in many parts of Nepal as Indian vendors from whom most Nepali private operators source the bandwidth stopped providing the services because of payment defaults

Exxon Mobil’s $60 billion deal to buy Pioneer Natural Resources has received clearance from the Federal Trade Commission, but the former CEO of Pioneer was barred from joining the new company’s board of directors

air-conditioning costs at telecom tower installations, crucial for ensuring uninterrupted operations of base stations for 24x7 mobile connectivity, industry executives and analysts said. They added that power and fuel costs of telecom operators could potentially rise if heatwave conditions persist for the next one month as any change in energy costs is typically passed on to telcos by tower companies. Industry experts cautioned the current scenario could also lead to a slowdown in tower network expansions in the near term, even though Indian tower companies are used to working in hot weather conditions.

AI). This application is designed for taxpayers who prefer mobile applications or who lack access to computers. On January 30, 2018, EZTax released its fully functional ITR filing mobile app, which, according to available statistics, was utilized by lakhs of users.

It is that time of the year when you can look forward to the much-awaited annual bonus. You may have already made plans on how to spend it. However, this year, rather than spending the bonus on buying the latest mobile, gadget, vacation, etc., use it differently. In this article, we will look at seven ways of using the annual bonus to accelerate your financial planning journey.

Godrej Group reached, the family will not compete among themselves for six years except in one business. Realty is the only business they can compete in, it has been agreed under the deal. As for other businesses, they can compete with each other after the six-year period ends, but not under the Godrej brand name, various reports said on May 2. In family settlement cases, non-complete agreements are a standard practice, in India as elsewhere. For the Godrejs, the non-compete period started on April 30.

MUMBAI : KVS Manian’s abrupt exit from Kotak Mahindra Bank Ltd a week after the central bank’s knuckle-rap and barely two months after he was elevated as joint managing director may have derailed the lender’s carefully scripted restructuring. Kotak Mahindra Bank informed the stock exchanges late Tuesday that it had accepted Manian’s resignation with immediate effect, stating that he had “stepped down to pursue other opportunities in the financial services sector". It appears, however, that Manian, 62, who has spent nearly three decades at the bank and had been in consideration for the top role, may not have anticipated having to leave immediately.

The Taliban takeover three years ago has sent Afghanistan's economy into a tailspin

boycott movement against Loblaw over high food prices say they are keenly aware they need to target more than just grocery stores to impact the mammoth corporation’s bottom line.Loblaw Companies Ltd. is the parent company of nearly two-dozen store brands spread across food, pharmacies, fashion, beauty and financial services.

Uniswap has integrated Robinhood Connect to enable crypto purchasing on mobile app.

CBI has searched 30 locations across 10 states and union territories after registering a case in a fraudulent investment scheme linked to the HPZ Token App, officials said Wednesday. The agency has alleged the scheme involved misleading the public to invest in non-existent crypto-currency mining machine rentals. The nationwide operation ended Tuesday night. Two private companies, Shigoo Technology Private Limited and Lillian Technocab Private Limited, along with their directors were booked in the case under Indian Penal Code Sections 120-B (criminal conspiracy) 419, 420 (cheating) and Section 66 D of Information Technology Act, 2000, officials said. The CBI seized digital devices, including laptops, mobile phones, ATM and debit cards besides a trove of email accounts, during the searches spread across Delhi-NCR, Jodhpur in Rajasthan, Mumbai in Maharashtra, Bengaluru in Karnataka as well as locations in Tamil Nadu, Andhra Pradesh, Uttar Pradesh, Bihar, Odisha and Madhya Pradesh.

As per a Times of India news report, “The need to reclassify KYCs under various categories arose after it was found that KYCs of many investors were still not updated with PAN and Aadhar, and the linkages were missing. Several of these KYCs were done using documents like utility bills (electricity, telephone), bank account statements etc., which are no longer accepted as valid documents for KYC compliance by Sebi.” The report further said, “Of nearly 11 crore investors, about 7.9 crore or 73% have valid KYC. KYCs of about 1.6 crore investors are under the registered category, who now have limited access to investing, while 12% of the total can’t operate their demat accounts and MF folios.”

Kotak Mahindra Bank’s joint managing director, KVS Manian, resigned today (April 30) and is said to be taking up an offer from Federal Bank as MD CEO, said people with knowledge of the matter. The bank informed the stock exchange late Tuesday evening that Manian has stepped down from his position to pursue other opportunities in the financial services sector. Manian, who spent 29 years with the bank, has resigned with immediate effect. Manian had to confirm to Federal Bank by May 21 whether or not he would accept the offer, people cited above said.

Indus Towers posted net profit of ₹1,853 crore for the quarter ended March 2024, up 32.4% from the quarter ended March 2023, where it recorded profits of nearly ₹1,400 crore. The country’s largest telecom tower provider’s revenues rose 6.5% to ₹7,193 crore in the same period, up from ₹6,753 crore the year before. Consolidated earnings before interest, tax, depreciation and amortisation was at ₹4,103 crore, up 19% on-year, representing an operating margin of 57%, the company said in a statement Tuesday.

Elon Musk's vision for personal mobility is cars running on clean fuel and driving themselves. He has got the fuel bit right with battery-operated Tesla cars recharging on electricity generated from solar or nuclear energy (revealed last year in the 'nuclear diamond battery'). Musk's problem with this is, so have others.