Mobile Financial News

₹2,075 crore to Oriana Investments Pte. Ltd, an Aditya Birla Group entity that is part of the promoter group, on a preferential basis. The issue price of the shares is ₹14.87 apiece, higher than the closing price of ₹13.36 on the BSE on Friday.

Vodafone Idea (Vi) board approved a preferential share issue to raise Rs 2,075 crore from an Aditya Birla Group (ABG) entity, setting the stage for a wider funding programme critical to the revival of the cash-strapped telco. The shares will be issued at Rs 14.87 apiece to Oriana Investments Pte Ltd, Vodafone Idea said in a notice to the stock exchange on Saturday. The stock issuance will be at a premium to the closing price of Rs 13.32 on the BSE on Friday, which gave the company a market cap of Rs 64,841.52 crore. The relevant date for determining the floor price of the preferential issue will be April 8. Vodafone Idea was formed by the merger of Aditya Birla Group’s Idea Cellular and the India unit of Vodafone Plc in 2018. The board also approved an increase in authorised share capital to Rs 1 lakh crore from Rs 75,000 crore.

wherein a woman was seen paraded, was also made viral by the accused persons," SSP Ashwani Kapur was quoted as saying. 1. The victim's son had married a girl against the wishes of the bride’s parents.

anti-India conspiracy case, the National Investigation Agency (NIA) on Saturday swooped down on the premises of accused and suspected persons at 12 places in Uttar Pradesh and Bihar. Of the total, 11 locations were searched in Ballia district of Uttar Pradesh and one location in Kaimur district of Bihar in connection with the case registered originally by Uttar Pradesh's Anti Terror Squad (ATS). Several digital devices, including mobile phones, SIM cards and memory cards, along with incriminating documents like pamphlets of the proscribed naxal outfit, were seized during the search operation, said the NIA.

Tauseef Ali Farooqui, a student of IIT Guwahati, was arrested after a social media post claimed that he joined terror organization ISIS. He was a student of Biotechnology at IIT Guwahati. Touseef Ali Farooqui — a BTech student of IITG — has been arrested u/s 120(B)/121(S)/123 IPC R/w Sec 10/13 UA(P) Act. A flag of ISIS and some documents were found with him. Tauseef Ali Farooqui after joining the terrorist organization wrote an open letter on LinkedIn stating the reason for his decision. A senior police officer who does not want to be named told ET, said: “Farooqui, hailing from Delhi was a frequent visitor to Moriyapatty Jamma Masjid in Amingaon. The cleric of the Mosque Gulzar Hussain was questioned by police. Police are searching for the mobile phone of the Farooqui”.

Ather Energy will continue to require external capital for a few more years for growth, cofounder and chief executive Tarun Mehta said on Saturday. At the same time, the overall two-wheeler EV industry would require government subsidies to continue to grow at a healthy rate, he added. Urging for a third version of the Faster Adoption and Manufacturing of Electric Vehicles (FAME) subsidies, Mehta said that a “critical and sunrise sector” like two-wheeler EVs “could see degrowth with some products becoming unviable” if subsidies are pulled back too quickly.

Amazon has introduced ‘Bazaar’, a “special store" focused on trendy and affordable lifestyle products under ₹600. With this launch, Amazon aims to compete against Walmart-owned Flipkart and Reliance's Ajio. The US-based firm had initiated the onboarding process for sellers, urging them to list unbranded fashion and lifestyle products including apparel, watches, shoes, jewellery, etc below ₹600, reported Economic Times a month ago.

As the Magnificent Seven are downgraded to the Fab Four, perhaps the list of leading tech stocks should include an old-school name: Exxon Mobil. The oil company’s shares would come in fourth in the septet this year with a rise of 21%, after Nvidia and Meta and very close to Amazon. Behind Exxon’s surge to a new high on Friday is an important shift in the market, a new narrative that investors would be wise to pay close attention to—in case it changes again.

The much-awaited milestone 15th Apollo CV Awards 2024 had the bigwigs of the commercial vehicle industry gather in Mumbai on March 28, 2024. The prestigious awards are curated by Commercial Vehicle Magazine of Next Gen Publishing Pvt. Ltd. (A Shapoorji Pallonji Group Company) with the long-standing partner of 15 years — Apollo Tyres Ltd backing it. The award ceremony was supported by Avanteum Advisors LLP and MarketsandMarkets as the Technical Partners, Mazars in India as the audit partner, and Metric Global as the research and data analytic company with Mirror Now as the telecast partner. The 2024 edition marked the business end of Financial Year 2024 (FY24) with an air of nostalgia that had stalwarts and key stakeholders of the CV industry (including Dealerships, Body Builders, Fleet Operators and Dealerships, among others) reminiscing about the editions gone by, their memorable wins over the past decade and a half as they walked past the ‘Legacy Wall’. In a grand reveal, the Mahindra Bolero MaXX Pik-up HD and the Force Urbania bagged the coveted ‘CV of the Year’ title. Girish Wagh, Executive Director at Tata Motors Ltd., bagged the ‘CV Man of the Year’. VE Commercial Vehicles Ltd. emerged as the ‘CV Maker of the Year’. The journey the industry embarked on together, and the milestones achieved as a whole by the Industry were front and centre!

famous Rameshwaram cafe in Bengaluru had injured at least 10 people on March 1. Prasad allegedly had contacts with suspects in Thirthahalli andChikkamagaluru. He is a BJP worker fromThirthahalli town in Shimoga district, according to several reports.

Hero MotoCorp, Bajaj Auto, TVS, Ather Energy, Ola Electric Mobility, and Kinetic Green have received approvals to sell two-wheelers and claim subsidy under the newly unveiled Electric Mobility Promotion Scheme (EMPS), 2024. According to government officials aware of the development, these prospective subsidies can be claimed for sales made in the upcoming four months. The move is aimed at addressing any industry concerns about financial support going away after the second leg of Faster Adoption and Manufacturing of (Hybrid &) Electric Vehicles in India (FAME II) scheme that lapsed on March 31, 2024.

UPI) having gained massive popularity for an array of transactions, depositors will soon be able to use this phone banking interface service to deposit cash at cash deposit machines (CDMs) at ATMs and bank branches. Although it is a natural progression in the continuum of fintech evolution we are all witnessing, it still came as a pleasant surprise when Reserve Bank of India (RBI) Governor Shaktikanta Das announced on Friday at the culmination of bi-monthly monetary policy committee (MPC) meeting. “The RBI's proposal for UPI cash deposits is a material leap forward.

famous Rameshwaram cafe in Bengaluru had injured at least 10 people on March 1. Sai Prasad allegedly had contacts with suspects in Theerthahalli and Chikkamagaluru. The NIA had earlier conducted raids on the residences of two youths and a mobile shop owner in Theerthahalli.

IPL 2024: Mumbai Indians released a statement on its star batter Suryakumar Yadav on Friday and informed that the player joined that practice sessions at the Wankhede Stadium, Mumbai on Friday ahead of the MI vs DC IPL 2024 clash on Sunday. Suryakumar Yadav, who is known for his explosive batting in the T20, remained out of the team so far due to injuries.

Greaves Electric Mobility, the electric mobility segment of Greaves Cotton, Friday said it has appointed K Vijaya Kumar as its executive director and CEO. In his new role, Kumar will lead the company's initiatives in product development, dealer distribution and market expansion, among other areas. «We extend a warm welcome to K Vijaya Kumar, the newly appointed executive director and CEO of Greaves Electric Mobility,» Nagesh Basavanhalli, non-executive vice chairman of Greaves Cotton, said in a statement. «His established track record and experience in growing businesses will facilitate our progress in the electric mobility space.»

Indian Army has initiated the induction of control and reporting systems under 'Project Akashteer' to bolster its air defense capabilities. This project aims to deliver an unprecedented level of situational awareness and control for the force to ensure the safety of friendly aircraft and engage hostile aircraft in contested airspace. The deployment of 'Akashteer' began with the flagging off of the first batch of control centers from BEL-Ghaziabad. Developed by Bharat Electronics Limited (BEL) as part of the 'Atmanirbhar Bharat' initiative, this project is poised to significantly enhance the operational efficiency and integration of the Army's air defense mechanisms. 'Project Akashteer' is a cutting-edge initiative designed to automate air defense control and reporting processes by digitizing them. By integrating radar and communication systems at all levels into a unified network, 'Akashteer' aims to deliver an unprecedented level of situational awareness and control.

option to pay through UPI transactions. It is hard to believe, but this is what happened to a commuter traveling to Chennai. The auto driver had strict rules pasted inside his auto: «Gpay not available. No stop for ATM withdrawal.» A user, identified as No Context Suveeshared her experience on X (formerly Twitter). She posted a picture of the auto's interior with the message displayed, «Gpay not available. No stop for ATM withdrawal.» Alongside the image, she captioned it, «It was nice knowing y'all.» The Unified Payments Interface (UPI), facilitating instant money transfers via mobile devices, has emerged as the fastest-growing payment mode in India. Since its introduction, digital transactions in the country have witnessed exponential growth.

Airtel and Reliance Jio, found themselves on a new battlefront — the satellite communication or satcom, a futuristic technology that promises to revolutionise India's telecom sector. Companies such as Reliance Jio’s JV with Luxembourg-based SES; Starlink; Amazon; Bharti-backed OneWeb; and the Tata-Telesat combine are working on creating a constellation of satellites to deliver ‘broadband-from-space’ services in India. India's current telecom market has just two big players, Reliance Jio and Bharti Airtel, but satcom will attract more big players. Since satcom does not require installation of towers on earth, the entry barrier is not as formidable as it is in traditional terrestrial mobile telecom.

govt securities by logging on the website. As per the RBI Governor, «The RBI Retail Direct Scheme was launched in November 2021. It is now proposed to launch a mobile app for accessing the Retail Direct portal. This will be of greater convenience to retail investors and deepen the G-sec market. „ As per the statement given by RBI, “RBI Retail Direct Scheme, launched in November 2021, gives access to individual investors to maintain gilt accounts with RBI and invest in government securities. The Scheme enables investors to buy securities in primary auctions as well as buy/sell securities through the NDS-OM platform. To further improve ease of access, a mobile application of the Retail Direct portal is being developed. The app will enable investors to buy and sell instruments on the go, at their convenience. The app will be available for use shortly.»

₹244 crore plus interest to Ericsson for infringing on the telecommunications firm’s 2G and 3G patents. A spokesperson for Lava International said, “Lava will explore all viable legal avenues, including the possibility of filing an appeal in response to the judgement.