Mobile Financial News

Canada Pension Plan Investment Board has agreed to acquire a minority stake in Telecom Italia SpA’s landline network.

Bluespring Wealth Partners has announced the strategic combination of two partner firms to create a Florida hub with advisors managing more than $1.4 billion in client assets.

WASHINGTON—U.S. lawmakers are mounting their most serious attempt to effectively either ban popular video app TikTok or separate it from its Chinese owner, advancing a bill that has more political momentum than previous attempts. As lawmakers prepared to consider the legislation on Thursday, users of the app, which is accessed by more than 170 million Americans, saw notifications urging them to complain to their House representative about the bill.

BARCELONA : Japanese open RAN technology provider Rakuten Symphony, part of Rakuten Mobile, plans to invest $10 million in India this year to enhance AI capabilities and conduct research on 6G, a senior company executive said. The initiative will be based in the company's Bengaluru research and development center, its second-largest tech hub outside Japan. “This year and next year we are going to focus on expanding it, with a focus on ‘AI-nization’ initially.

Samsung Galaxy S23 boasts impressive features, justifying its popularity among smartphone users. Running on the latest Android 13.0 operating system and equipped with 5G cellular technology, it ensures seamless connectivity and enhanced performance.

bike taxi services owing to what the Congress regime sees as an apparent lack of encouraging response from ride-hailing services to offer services with electric two-wheelers and gross misuse of the present policy. Transport department has withdrawn the Karnataka Electric Bike Taxi Scheme, notified on July 14, 2021. ET had on February 9 reported the government planned to end the bike taxi scheme in the state.

Vivo and Oppo are appointing Indian distributors in each state as the primary source of product supply to the trade to help resolve a long-standing point of conflict with the Centre. The aim is to localise the distribution structure in India, two industry executives said. Vivo and Oppo are the largest brands of China's biggest smartphone manufacturer BBK Group. Until now, the brands had one or two Chinese-owned and managed distribution companies in each state, referred to as agents. They would in turn channel goods to retailers through local distributors. From next month, Vivo will scrap its agents in Delhi, Punjab and Haryana, having put in place Indian distributors for these states. Lens on Chinese companies

A staggering $12 million in cryptocurrency was scammed away from Surrey residents last year.

telecom regulator shall soon issue a mandate to demarcate separate numbering series for transactional versus marketing calls made by businesses for commercial purposes. Currently, only 140 number series are allocated for all kinds of commercial purposes. These could in future be classified into (140) marketing and (160 or 161) for service calls to easily identify the purpose of the caller. The move is complementary to Trai's (telecom regulatory authority of India) recent recommendations for network operators as well as mobile device makers to enable display of caller's name, both for personal phone numbers as well as enterprise callers. «The DoT has approved our recommendation to allocate separate series which have been tested for both purposes...Trai shall soon issue a direction in this regard,» a senior Trai official told ET.

NEW DELHI : India’s mobile phone exports are expected to cross ₹1.2 trillion at the end of this financial year, reaching a major milestone propelled by the government’s thrust on phone makers such as Apple and Samsung to manufacture locally. The exports would account for nearly one-third of the total domestic production of mobile phones, projected at about ₹4.1 trillion in FY24, the Indian Cellular and Electronics Association said on Thursday.

Tax Officials under goods and service tax (GST) has busted a syndicate that fraudulently claimed Input Tax Credit of over Rs 1,000 crore through a network of 232 fake firms. The investigation was initiated by the anti evasion branch of Central Goods and Services Tax (CGST) Commissionerate, Meerut in October 2023 which detected that a large syndicate was fraudulently claiming Input Tax Credit (ITC) by way of fake billing. «The investigation conducted so far has revealed that a total number of 232 fake firms, with 91 firms registered on a single mobile number, are registered at various places across the country and have passed an inadmissible ITC of around Rs. 1,048 crore. Total value of goods shown to be supplied through these firms is around Rs. 5,842 crore,» the finance ministry said in a statement.

credit card and debit card — Issuance and Conduct directions 2022. The latest amendments will come into force from March 7, 2024 onwards. Among several changes, the new RBI rules stipulate that at least once, the cardholder will be provided option to choose any date as the starting or closing date of the billing cycle.

demat account is a crucial prerequisite for engaging in the stock market trading activities. Operating akin to a bank account, it is held either with NSDL or CDSL, and accessibility is facilitated through a depository participant such as a stockbroker. Stocks purchased are housed within the demat account, akin to funds in a bank account, with transfers occurring based on buying and selling actions.

₹820 crore across multiple UCO Bank accounts. The agency had registered a case on November 21, 2023 on a complaint received from the UCO Bank. ALSO READ: UCO Bank says ₹820 crore erroneously credited to account holders, ₹649 crore recovered In the complaint It was alleged that between November 10 to November 13, 2023, IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully credited in the accounts of over 41,000 UCO Bank account holders.

CBI) has conducted raids across 62 locations in Rajasthan and Maharashtra in connection with the suspicious IMPS transactions worth Rs 820 crore reported at UCO Bank. On March 6, the CBI raided ‘extensive search operations’ in Rajasthan (including Jodhpur, Jaipur, Jalore, Nagaur, Barmer, Phalodi) and Pune (Maharashtra). “During these operations, approximately 130 incriminating documents related to UCO Bank and IDFC, as well as 43 digital devices (including 40 mobile phones, 2 hard disks, and 1 internet dongle) were seized for forensic analysis,” the CBI said in a press release. Further, it examined 30 suspects on the spot.

Xiaomi 14 series, first revealed on a global stage during the Mobile World Congress (MWC) 2024, comprises three distinctive models: Xiaomi 14, Xiaomi 14 Pro, and Xiaomi 14 Ultra. With teasers flooding social media platforms in recent weeks, enthusiasts are poised to finally get a glimpse of the official specifications and design elements of the Xiaomi 14 series. Xiaomi enthusiasts can catch the Xiaomi 14 launch event live on the company's official YouTube channel, starting at 6 PM today, March 7.

₹78 to ₹83 apiece of face value of ₹10 each. The lot size consists of 1,600 shares. Investors can bid for a minimum of 1,600 shares and in multiples thereof.

Quiver Quantitative — Hedge fund managers, having wagered billions on Chevron (NYSE:CVX) acquisition of Hess (NYSE:HES), are steadfast in their bets despite potential complications arising from Exxon Mobil 's (NYSE:XOM) claim over Hess’s stakes in a Guyana oil project. This claim poses a new obstacle to Chevron's $53 billion acquisition, touted as the crown jewel for its strategic expansion. Exxon’s assertion of its preemptive purchasing rights over Hess’s share in the lucrative offshore development follows escalating geopolitical tensions between Guyana and Venezuela, adding layers of complexity to the already intricate acquisition process.

India will grow more than five-fold to $50-60 billion in the coming time from about $11 billion last year, IT and Communications Minister Ashwini Vaishnaw said on Wednesday. While speaking at a fintech event, the minister said employment in the electronics manufacturing sector will increase from about 10 lakh at present to 25 lakh in the coming days. He said that 10 years ago India imported 98% of mobile phones and at present 99% of the devices are made in India.

Specifications of Voltas Grand 72E Desert Air Cooler Brand: Voltas Airflow: 3400 cubic meters per hour Tank capacity: 72 litres Wattage: 190 Watts Features: 3-speed fan, honeycomb cooling pads, castor wheels, water level indicator, works on inverter power 2. Voltas Grand 52 Desert Cooler The Voltas Grand 52 Desert Cooler in Off-White provides a robust cooling solution for spaces up to 40 square feet. With a sizable 52-litre reservoir capacity and a 3-speed fan, it delivers efficient cooling.

demat accounts. In light of these incidents, it becomes imperative to assess the security of one's demat account by understanding its structure and recent developments in trading practices. This scrutiny is essential for investors to ensure the integrity and safety of their investments in the dynamic landscape of India's financial markets.