News for 'Mobile Money'

Flipkart, Amazon Stack Up Space For Festival Rush

Flipkart, Amazon Stack Up Space For Festival Rush

Rediff.com9 Sep 2025

Festive sales are expected to surge 27 per cent to cross Rs 120,000 crore in 2025, driving Amazon and Flipkart to expand warehousing capacity by millions of cubic feet and extend delivery networks to thousands of new pin codes -- an infrastructure buildout that could reshape India's retail landscape for years.

RBI launches mobile app offering access to Indian economic, financial data

RBI launches mobile app offering access to Indian economic, financial data

Rediff.com18 Feb 2025

Reserve Bank on Tuesday launched mobile application 'RBIDATA' which will provide access to more than 11,000 different series of economic data related to the Indian economy. The mobile app offers macroeconomic and financial statistics relating to the Indian economy in a user-friendly and visually engaging format, Reserve Bank of India (RBI) said in a release.

EV Spark Fires Up R&D Spending By Legacy Two-Wheeler Majors

EV Spark Fires Up R&D Spending By Legacy Two-Wheeler Majors

Rediff.com3 Sep 2025

Hero MotoCorp and TVS Motor crossed Rs 1,000 crore in R&D spend for the first time, as legacy OEMs accelerate innovation to compete with new-age EV players.

EV makers hope for festive spark to light up sales

EV makers hope for festive spark to light up sales

Rediff.com27 Aug 2025

India may see its busiest EV festive season in 2025 with SUVs, luxury cars and scooters set to launch, but rare-earth supply bottlenecks risk delaying rollouts.

India-China trade: Deficit widens to $99.2 bn

India-China trade: Deficit widens to $99.2 bn

Rediff.com30 Aug 2025

The bilateral trade between India and China has been growing at a healthy rate, but the trade gap remains sharply tilted in Beijing's favour. India has time and again flagged its concern over the ballooning trade deficit and the non-trade barriers faced by Indian goods in the Chinese market.

'Competition in India is Absolutely Fierce': Uber GM

'Competition in India is Absolutely Fierce': Uber GM

Rediff.com17 Jul 2025

'Unless we consistently show up with the right cars, at the right time, priced fairly, we risk becoming irrelevant very quickly.'

India's Space Manufacturing Boom

India's Space Manufacturing Boom

Rediff.com15 Aug 2025

The $1.2 billion in-space manufacturing market is expected to grow and be worth more than $20 billion by 2033.

BFSI sector to add 2.5 lakh jobs by 2030

BFSI sector to add 2.5 lakh jobs by 2030

Rediff.com21 Aug 2025

India's BFSI sector is set for robust growth, with hiring projected to rise 8.7 per cent in 2025-26 and touch 10 per cent by 2030, creating nearly 2.5 lakh permanent jobs, a report said on Thursday. This growth in the Banking, Financial Services, and Insurance (BFSI) sector is being driven by rising demand in tier II and III cities, marking a clear shift from metro-centric recruitment.

Why NRIs are holding back on market bets

Why NRIs are holding back on market bets

Rediff.com23 Jul 2025

Non-resident Indians (NRIs) haven't gone big on the Indian stock market story despite the post-pandemic boom. While domestic participation through mutual funds (MFs) and dematerialised accounts has soared, NRI participation figures show limited signs of a similar rise.

Govt, UPI To Set Up Real-Time Payment Tripwire

Govt, UPI To Set Up Real-Time Payment Tripwire

Rediff.com4 Jul 2025

Google Pay, PhonePe, and Paytm may deliberately delay transactions, issue fraud alerts, and require an extra layer of user confirmation before processing any transactions that are likely to be classified as fraudulent.

From Badla To Jane Street: Market Tricks Haunt Again

From Badla To Jane Street: Market Tricks Haunt Again

Rediff.com13 Aug 2025

Jane Street could do what they did because of the most fundamental flaw in the Indian stock market: a fragmented, fractured, fissured, fistula-ed liquidity stream, points out Shankar Sharma.

Truck rentals, EV and tractor sales rise in June

Truck rentals, EV and tractor sales rise in June

Rediff.com5 Jul 2025

Truck rentals saw a positive momentum across most key trunk routes due to an increased pre-kharif agricultural activity and a resilient manufacturing sector. The Kolkata-Guwahati-Kolkata corridor witnessed a month-on-month (M-o-M) rise of 2.4 per cent, while the Mumbai-Chennai-Mumbai route grew by 1.9 per cent and the Delhi-Hyderabad-Delhi route saw a 1.6 per cent increase in truck rentals, said June edition of the Shriram Mobility Bulletin.

Vietnam's VinFast opens eSUV bookings on Tesla's big day

Vietnam's VinFast opens eSUV bookings on Tesla's big day

Rediff.com16 Jul 2025

VF 7 and VF 6, as the models are called, will go on sale in August after the inauguration of VinFast's plant in Thoothukudi in Tamil Nadu, and deliveries will follow later.

Ambani says Jio was biggest risk of his life

Ambani says Jio was biggest risk of his life

Rediff.com25 Jun 2025

Billionaire industrialist Mukesh Ambani described his 2016 return to the telecom industry with Reliance Jio as the "biggest risk" of his life, saying that even if analysts' predictions of financial failure had come true, it would still have been worth it for the role it played in transforming India digitally.

GoI greenlights bike taxis, over to states

GoI greenlights bike taxis, over to states

Rediff.com4 Jul 2025

While mobility aggregators such as Rapido and Uber have welcomed the decision, gig workers associations and unions remain concerned.

Will You Wear AI Glasses?

Will You Wear AI Glasses?

Rediff.com7 Aug 2025

Qualcomm has partnered with eyewear brand Lenskart to build glasses using its Snapdragon XR chipsets, which allow for on-device AI processing and spatial computing.

Navy HQ staffer held for leaking Op Sindoor details with Pak handler

Navy HQ staffer held for leaking Op Sindoor details with Pak handler

Rediff.com26 Jun 2025

Vishal Yadav, an Upper Division Clerk (UDC) in the Directorate of Dockyard at the Navy building, allegedly also shared details on Operation Sindoor -- strikes carried out by the Indian Armed Forces in Pakistan and Pakistan-occupied Kashmir in response to the Pahalgam terror attack.

Infy founder's son to launch E2W at Bharat Mobility

Infy founder's son to launch E2W at Bharat Mobility

Rediff.com14 Jan 2025

Numeros Motors is also planning to come up with a passenger vehicle four-wheeler or a three-wheeler by 2027.

Man pours toilet cleaner acid on wife after dispute over loud music

Man pours toilet cleaner acid on wife after dispute over loud music

Rediff.com24 May 2025

The 44-year-old woman who sustained injuries over her head and face is now stated to be out of danger. She is recuperating at a hospital.

Cabinet reshuffle buzz in Maharashtra strengthens

Cabinet reshuffle buzz in Maharashtra strengthens

Rediff.com26 Jul 2025

The speculation about the likely cabinet reshuffle in Maharashtra strengthened on Saturday, with senior Bharatiya Janata Party leader and minister Chandrashekhar Bawankule stressing that Chief Minister Devendra Fadnavis' discretion is supreme among allies.

'We will be present across India over next 3-5 yrs'

'We will be present across India over next 3-5 yrs'

Rediff.com29 Jun 2025

'There's been interest from multiple states, and exploratory conversations are ongoing.'

Dixon gets govt nod for JV with Chinese firm Longcheer

Dixon gets govt nod for JV with Chinese firm Longcheer

Rediff.com25 Jul 2025

Dixon Technologies has received approval from the Indian government to form a joint venture (JV) with Chinese peer Longcheer, according to a regulatory filing. The JV will be formed between Dixon and Longcheer's Singapore-based subsidiary.

EV car sales nearly double in July; two-wheeler demand slips: FADA data

EV car sales nearly double in July; two-wheeler demand slips: FADA data

Rediff.com10 Aug 2025

Retail sales of electric passenger vehicles (ePVs) nearly doubled in July 2025, surging 93 per cent year-on-year (Y-o-Y) to 15,528 units, even as overall passenger vehicle (PV) retail volumes declined marginally. In contrast, electric two-wheeler (e2W) sales dropped by 4.3 per cent to 102,973 units, according to the Federation of Automobile Dealers Associations (Fada) data.

Tesla opens its first India showroom in Mumbai's BKC

Tesla opens its first India showroom in Mumbai's BKC

Rediff.com15 Jul 2025

"I welcome Tesla here in Mumbai. Tesla has opened an experience centre here, and it is a statement that Tesla has arrived and it's a statement they Tesla has arrived in the right city and right state," Fadnavis said on the occasion.

Mobile money: The next e-revolution for masses

Mobile money: The next e-revolution for masses

Rediff.com26 Jul 2010

From small kiranas to banks to potentially entire FMCG chains all have a digital date with money transfers on cellphones.

EV sales in India rise 28.6% to 180,238 in June: FADA

EV sales in India rise 28.6% to 180,238 in June: FADA

Rediff.com8 Jul 2025

Electric vehicle (EV) sales in India rose 28.60 per cent to 1,80,238 units in June over the period year-ago, driven by massive jump in e-passenger vehicle volumes, Federation of Automobile Dealers' Association (FADA) said in a statement on Tuesday. Electric passenger vehicle sales, as per FADA data, stood at 13,178 units in the previous month compared to 7,323 e-PVs in June 2024, registering a sharp increase of 79.95 per cent year-on-year.

Mahindra XEV 9e Mid Variant: The Future Is Here!

Mahindra XEV 9e Mid Variant: The Future Is Here!

Rediff.com4 Aug 2025

The Mahindra XEV 9e mid variant, particularly the PACK TWO, presents a compelling package with a strong emphasis on futuristic design, advanced technology, and passenger comfort, notes Rajesh Karkera.

Tata Motors Q1 net profit down 62.2% to Rs 4,003 cr

Tata Motors Q1 net profit down 62.2% to Rs 4,003 cr

Rediff.com8 Aug 2025

Tata Motors on Friday reported a 62.2 per cent decline in consolidated net profit to Rs 4,003 crore in the June quarter, impacted by volume decline across segments, drop in JLR profits due to US tariffs and high base effect due to gain from sale of discontinued operations. The auto major had posted a consolidated net profit of Rs 10,587 crore in the April-June quarter of the previous fiscal, Tata Motors Ltd (TML) said in a regulatory filing.

Hyundai exits Ola Electric; sells 2.47% stake for Rs 552 cr

Hyundai exits Ola Electric; sells 2.47% stake for Rs 552 cr

Rediff.com3 Jun 2025

South Korean automaker Hyundai Motor Company on Tuesday exited Ola Electric Mobility by selling its entire 2.47 per cent stake in the company for Rs 552 crore through an open market transaction. According to the bulk deal data available on the NSE, Hyundai Motor Company sold more than 10.88 crore shares or 2.47 per cent stake in Bengaluru-based Ola Electric Mobility.

Hydrogen-run cars get a boost with Hyundai-IITM tieup

Hydrogen-run cars get a boost with Hyundai-IITM tieup

Rediff.com10 Jul 2025

The only other company working on hydrogen cars in India is Toyota Kirloskar Motor.

Why Ola Electric is likely to gain market share

Why Ola Electric is likely to gain market share

Rediff.com15 Jul 2025

Ola Electric could gain market share in the near term with relatively less disruption expected due to rare earth magnets shortage, according to a report by Goldman Sachs. The company has successfully developed heavy rare earths (HRE) free motors which are scheduled for production deployment in Q3 FY26.

Thane engineer held in espionage case seeks bail, cites career loss

Thane engineer held in espionage case seeks bail, cites career loss

Rediff.com25 Jun 2025

In his bail plea filed recently before the Thane magistrate's court, Verma pleaded innocence, contending that the allegations, even though serious, "are subject to proof beyond reasonable doubt during trial".

CBI Raids 10 Sites in Cyberfraud Crackdown

CBI Raids 10 Sites in Cyberfraud Crackdown

Rediff.com14 Jun 2025

The raids were linked to a sophisticated organised investment fraud scheme targeting unsuspecting individuals through fake mobile apps and WhatsApp groups.

US tariff to hit iPhone's mega manufacturing plans

US tariff to hit iPhone's mega manufacturing plans

Rediff.com30 Jul 2025

US President Donald Trump's announcement of 25 per cent tariff on all goods coming from India starting August 1, plus an unspecified penalty, is expected to impact Apple's plans to expand iPhone manufacturing in India as well as export of other electronics to the US. The move comes at a time when Indian electronics production is reeling under pressure due to restrictions imposed by China on supply of several critical components, capital goods and even skilled technology professionals.

India, UK to sign free trade agreement on Thursday in London

India, UK to sign free trade agreement on Thursday in London

Rediff.com23 Jul 2025

India and the UK will sign a free trade agreement on Thursday in London that will allow export of labour-intensive products such as leather, footwear and clothing at concessional rates, while making imports of whisky and cars from Britain cheaper. The pact also helps double trade between the two economies to $120 billion by 2030.

Apple India shipments grew 25% in Q4, Vivo tops smartphone market

Apple India shipments grew 25% in Q4, Vivo tops smartphone market

Rediff.com5 May 2025

Apple's iPhone supplies in India grew 25 per cent year-on-year in March quarter 2025, capturing 8 per cent market share, a CyberMedia Research report said on Monday.

Patole climbs speaker's podium, suspended for a day

Patole climbs speaker's podium, suspended for a day

Rediff.com1 Jul 2025

Congress MLA Nana Patole was suspended from the Maharashtra assembly for a day on Tuesday after he climbed the speaker's podium, demanding action against Bharatiya Janata Party MLA Babanrao Lonikar and Agriculture Minister Manikrao Kokate for allegedly 'insulting' farmers.

'We're the largest gig worker employer in country'

'We're the largest gig worker employer in country'

Rediff.com25 Jun 2025

'Today, we have 2 million active drivers earning through our platform every month.'

Business rival hired killer for Rs 4 lakh to kill Gopal Khemka: Police

Business rival hired killer for Rs 4 lakh to kill Gopal Khemka: Police

Rediff.com8 Jul 2025

Bihar Police claim to have solved the Gopal Khemka murder case, citing a land deal gone wrong as the motive. Suspects have been arrested and the murder weapon recovered.

Ex-Lava MD Hari Om Rai gets bail in money laundering case

Ex-Lava MD Hari Om Rai gets bail in money laundering case

Rediff.com21 Nov 2024

The Delhi high court has granted bail to Hari Om Rai, the former MD of Lava International mobile company, in a money laundering case involving smartphone-maker Vivo. Justice Manoj Kumar Ohri granted relief to the ex-Lava official, who was in custody since his arrest by the Enforcement Directorate (ED) in October last year.