Mobile Financial News

Xiaomi 14 in India early next month. At the Mobile World Congress (MWC) in Barcelona, Spain, Xiaomi has also confirmed the list of devices that are confirmed to receive the HyperOS update.

TV advertising is touted to touch Rs 9872 crore in 2026, up from Rs 4586 crore in 2023, on the back of growing connected TV (CTV) penetration, says a GroupM report titled 'The Changing Landscape of Indian Television'. Addressable TV refers to content that is consumed across on-demand, linear, and live streaming. The report highlighted that the total number of CTV households is expected to grow by 32% to reach over 45 million households by the end of 2024. Furthermore, the report adds that there has been a 117% growth in the number of unique CTV devices from 2022 to 2023.

Galaxy Smart Ring at the MWC 2024 on Monday with a promise to redefine the landscape of health tracking while leveraging the advanced capabilities of the Samsung Health platform. During a dedicated session at MWC, Samsung underscored the device's capacity to monitor crucial health metrics such as pulse, body temperature, and more. This data, combined with Samsung's expansive ecosystem, which includes smartphones and wearables like the Samsung Galaxy Watch 6, aims to furnish users with a comprehensive understanding of their overall well-being.

artificial intelligence tools such as real-time voice translation and advanced photo editing in efforts to reignite consumer demand. The trend was on display at the telecom industry's biggest annual show, the four-day Mobile World Congress (MWC) which got underway Monday in Barcelona, where handset makers focused on the unique AI-powered features of their new flagship devices.

Mint, Sunil Bharti Mittal, chairman of the conglomerate, said the enterprise segment of Airtel could potentially value at $10 billion and disclosed plans to align Bharti's stake in Airtel with that of SingTel in the future. Amid these strategic shifts, Mittal acknowledged the competitive pressure from Elon Musk's Starlink in the satellite broadband space, advocating for the immediate allocation of satellite spectrum ahead of the new telecom law's enactment. He also touched on various facets of Bharti Group's operations, including partnerships with OTT platforms, the potential listing of its payments bank, and the dynamics of competition and collaboration within the telecom sector.

Google Cloud on Monday ramped up its criticism of Microsoft's cloud computing practices, saying its rival is seeking a monopoly that would harm the development of emerging technologies such as generative artificial intelligence. Microsoft and Amazon have recently attracted scrutiny in Britain, the European Union and the United States over their market power in cloud computing. Google trails a distant third behind the two leaders.

Indian Oil State-run Indian Oil has cancelled the tender for setting up the first green hydrogen plant at the company's Panipat Refinery and Petrochemical Complex in Haryana.

By Foo Yun Chee

By Foo Yun Chee

1. HP Smart Tank 585 All-in-one WiFi Colour Printer The HP Smart Tank 585 All-in-one WiFi Colour Printer is a versatile printer that can print, scan, and copy documents. It offers a maximum print speed of 5 ppm for colour and 12 ppm for monochrome prints.

Ericsson on Monday said that it has deployed 1,00,000 massive MIMO 5G radios for Bharti Airtel across its 12 circles. In a regulatory filing, Airtel said that it has deployed energy-efficient Ericsson radio system products and solutions from Ericsson's 5G Radio Access Network (RAN) and MINI-LINK (microwave) mobile transport portfolios. «Ericsson has successfully deployed 1,00,000 Massive MIMO (Multiple-Input, Multiple-Output) 5G radios for Bharti Airtel across its 12 circles within a record time of 500+ days,» the statement said. «Ericson is a long-standing partner of Airtel and we are happy to partner them in achieving this milestone of deploying 1,00,000 5G radios across 12 Airtel circles. We have over 65 million customers on our network who are now enjoying blazing fast unlimited 5G data at no additional cost,» said Randeep Sekhon, CTO of Bharti Airtel.

The February 24 meeting between Indian business tycoon Gautam Adani and Uber's CEO Dara Khosrowshahi hosted a part of discussions for a strategic partnership between the two majors for rolling out the Adani group's electric passenger vehicles on the ride hailing platform. The collaboration aims to increase the conglomerate's super app Adani One's traction. Adani One, launched in 2022, provides a range of services, including booking flights, vacation packages, airport services, and may further help with taxi bookings with Uber integration.

Gurugram, 23rd February, 2024: With the threat of climate change increasing by the day, green power has become the need of the hour. Across various industries, there is a growing recognition of the importance of transitioning to renewable energy sources to mitigate environmental impact and work towards achieving net-zero emissions goals. To bring India a step closer to procuring green power, BluSmart, India’s largest born-electric, fully integrated eMobility ride-hailing services and EV charging infrastructure network, proudly announces a multi-year Power Purchase Agreement (PPA) with Tata Power Trading Company Ltd.

Dara Khosrowshahi. In an interview with the Economic Times, the executive shared insights into the company's investment strategy in India, its focus on mobility, profitability, the electric vehicles (EV) business, and differences in his management style compared to Uber's founder Travis Kalanick. Reflecting on the founder vs.

TPEML IPO: Riding the wave of India’s burgeoning electric vehicle (EV) market, Tata Passenger Electric Mobility Limited (TPEML), a subsidiary of Tata Motors and the brain behind popular models like Nexon EV and Tiago EV, is revving up for a potential initial public offering (IPO) in the next 12-18 months. This public debut, aiming to raise $1-2 billion, signifies the Tata Group’s strategic push towards monetising its investments in the fast-growing EV space, according to a report by The Hindu BusinessLine.

OnePlus is set to unveil its OnePlus Watch 2 at the Mobile World Congress in Barcelona today, while a dedicated Amazon microsite for the smartwatch reveals that it will launch in India alongside its global launch today. In a departure from the square design of the previous generation OnePlus Watch, the latest smartwatch will feature a circular design on the front and will run on Google's WearOS. According to tipster Ishan, the Indian version of the OnePlus Watch 2 will start at ₹24,999, while the US version will start at $299 and the UK and EU versions will start at £299 and €329 respectively.

Khosrowshahi at the Davos, he did not think that the CEO will stay at Uber for long, or that the company would survive for long. Taking to the microblogging website, X (formerly Twitter), the Mahindra Group Chairman said that Uber today is profitable with a market capital of $170 billion and has a disciplined corporate culture. He wrote: “I first met @dkhos in Davos shortly after he had taken the helm at @Uber.

Paytm Payments Bank has told the Enforcement Directorate (ED) that it does not possess the licence required for outward foreign remittances and hence the question of it violating Fema does not arise, people in the know told ET. The federal agency last week wrote to the Reserve Bank of India (RBI) to verify this claim, they said. The 'AD-II' licence issued by the RBI is mandatory for companies to make foreign remittances. ED is probing alleged violations of the Foreign Exchange Management Act (Fema) by entities using Paytm Payments Bank.

Reliance Industries Ltd (RIL) is planning to set up more than 50 compressed biogas (CBG) plants in the next two years at a cost of over ₹5,000 crore, according to two oil and gas industry executives aware of the development. At RIL's annual general meeting last August, chairman Mukesh Ambani had announced plans to set up 100 CBG plants in five years. CBG is a green fuel produced from waste or biomass sources. It has properties similar to compressed natural gas (CNG) and can be used for automotive, industrial and commercial uses. «RIL has tendered out over 50 compressed biogas plants to be set up in the next two years. It will shortly be floating a tender for the remaining plants,» said one of the executives. «The tenders have been given out for technology as well as engineering, procurement and construction.»

India and the United States are expected to hold the Homeland Security Dialogue on February 28, 2024, officials have said. Union home secretary Ajay Bhalla will lead the talks with his US counterpart. The two sides are expected to discuss cooperation in counterterrorism, cyber security, illegal mobility, extradition, aviation security, global supply chain and maritime security among others. The homeland security dialogue was last held in January 2022. According to North Block officials, senior officers from the two sides will participate in the day-long meeting. India is expected to hand over a list of more than 100 fugitives wanted by law enforcement agencies who have taken shelter in the US, according to those familiar with the details. New Delhi is likely to raise the use of digital space and how it is being exploited by terrorist groups for propagating radical views, recruitment and funding terrorism. The drug seizures by the Narcotics Control Bureau (NCB) will be shared by the Indian side seeking cooperation from the US Drug Enforcement Administration (DEA). NCB recently seized drugs worth ₹75 crore following inputs from the US DEA. The mastermind behind an international drug cartel was identified as a Tamil film producer, who is on the run.

Paytm owner One97 Communications after the Reserve Bank's action on its payments bank business, is yet to have a deeper engagement with the company to identify any issue, head of the panel and former chairman of Sebi M Damodaran said on Sunday. «We are an external advisor. At this point they (Paytm) are dealing with RBI,» Damodaran said in response to a question on the impact on Paytm with regard to RBI's January 31 order on Paytm Payments Banks Limited (PPBL). As per the January 31 order, the RBI asked PPBL to stop further deposits, credit transactions, or top-ups in any customer accounts, prepaid instruments, wallets, FASTags, and National Common Mobility Cards, after February 29. Later, the central bank extended the deadline till March 15.