News for 'Mobile Money'

Record $2 bn! Smartphone exports ring louder in Oct

Record $2 bn! Smartphone exports ring louder in Oct

Rediff.com19 Nov 2024

India's smartphone exports have set a new benchmark, surging past the $2 billion mark in October - the highest monthly total ever recorded. This milestone, according to estimates from the Indian Cellular and Electronics Association (ICEA), an industry body representing both global and domestic mobile device manufacturers, underscores the country's growing prominence in global mobile supply chains.

Tariff impact: Reliance Jio lost 7.96 mn users in Sep

Tariff impact: Reliance Jio lost 7.96 mn users in Sep

Rediff.com22 Nov 2024

Reliance Jio's major subscriber losses continued for the third straight month with 7.96 million users leaving the telecom operator in September, even as the state-owned BSNL stood out as the lone gainer, data from the Telecom Regulatory Authority of India (Trai) showed on Thursday. Market leader Jio's subscriber loss has continued since July when the three private telecom operators - Jio, Bharti Airtel, and Vodafone Idea (Vi) - brought in a broad-based hike in tariffs.

Beed sarpanch murder: Munde's aide turns himself in, govt in soup

Beed sarpanch murder: Munde's aide turns himself in, govt in soup

Rediff.com31 Dec 2024

Before going to the police, Karad posted a video on social media, announcing that he would surrender and claimed he was being linked to the murder case due to political vendetta.

2,148 Edtech Start-Ups Have Shut Down

2,148 Edtech Start-Ups Have Shut Down

Rediff.com15 Jan 2025

'Many were caught in a burnout race, chasing unsustainable growth without innovating.'

Slowing credit growth, margin pressure await banks in 2025

Slowing credit growth, margin pressure await banks in 2025

Rediff.com1 Jan 2025

In 2025 banks are in for challenges such as pressure on margins and slowing credit growth. With the likelihood of a repo rate cut in February or April, external benchmark-linked loans of banks will be repriced immediately. However, deposit rates are expected to adjust more gradually, which could impact the net interest margin (NIM) - a key measure of profitability for banks.

RBI, Always Watchful, Always Vigilant

RBI, Always Watchful, Always Vigilant

Rediff.com2 Jan 2025

The RBI has changed the way it approached supervision in the past. Having seen a couple of collapses in the NBFC sector and the near-collapse of a few banks, it is focusing on regular drills to prevent a fire from breaking out, explains Tamal Bandyopadhyay.

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Bharti Airtel Q2 net profit zooms nearly three-fold to Rs 3,593 cr

Rediff.com28 Oct 2024

Bharti Airtel on Monday reported a 168 per cent year-on-year rise in consolidated net profit to Rs 3,593 crore for the September quarter, and the company unveiled top-level changes, including Gopal Vittal moving into the role of executive vice chairman on January 1, 2026. India's second-largest telco - that competes with Reliance Jio and Vodafone Idea in the Indian telecom market - clocked quarterly revenues of Rs 41,473 crore, 12 per cent higher than the year-ago period, aided by strong momentum in India and growth in Africa.

Cybercriminals fake courtroom, dupe MNC executive of Rs 59 lakh

Cybercriminals fake courtroom, dupe MNC executive of Rs 59 lakh

Rediff.com19 Sep 2024

In his complaint, the victim alleged that on September 12, he received a video call from a person claiming to be from the Telecom Regulatory Authority of India, who told him that his mobile number will be blocked.

Check Out Mahindra's BE 6e, XEV 9e

Check Out Mahindra's BE 6e, XEV 9e

Rediff.com29 Nov 2024

It's a bird, it's a plane, it's the new electric SUVs from Mahindra! Rajesh Karkera and Hitesh Harisinghani/Rediff.com describe the futuristic BE 6e and XEV 9e.

Rs 1.82 trn GST from cell phones 5x what PLI allocated

Rs 1.82 trn GST from cell phones 5x what PLI allocated

Rediff.com16 Aug 2024

Goods and services tax (GST) collections from mobile device companies, amounting to Rs 1.82 trillion between 2020-21 (FY21) and 2023-24 (FY24), have already generated more than five times the revenue for the government compared to the Rs 34,149 crore allocated under the production-linked incentive (PLI) scheme for mobile devices over six years ending 2025-26 (FY26). Currently, the GST on mobile devices stands at 18 per cent.

Mobile speed: India ranks above Japan, UK, Brazil

Mobile speed: India ranks above Japan, UK, Brazil

Rediff.com2 Oct 2023

The launch of 5G services in India turbocharged mobile download speeds here, pushing the country's ranking 72 notches higher to 47th spot in Speedtest Global Index, ahead of nations like Japan, the UK and Brazil, according to Ookla. India's speed performance has zoomed up 3.59 times since the introduction of 5G, it said dubbing the country's 5G advancement as "remarkable". In this global pecking order, India ranked not only ahead of its neighbours like Bangladesh, Sri Lanka, and Pakistan, but also some G20 countries, such as Mexico (90th), Turkey (68th), the UK (62nd), Japan (58th), Brazil (50th place), and South Africa (48th place).

Govt portal pins 285,000 missing mobile phones, but only 20,771 recovered

Govt portal pins 285,000 missing mobile phones, but only 20,771 recovered

Rediff.com24 Jul 2023

The Central Equipment Identity Register (CEIR) of the department of telecommunications (DoT) has traced 285,000 lost or stolen mobile phones and blocked 680,000 devices since being launched. However, recoveries remain relatively low at 20,771 devices. According to government estimates, around 50,000 mobile phones are stolen every month in the country. Launched nationwide on May 16, the CEIR is a part of the DoT's Sanchar Saathi portal. It is the primary government platform aimed at protecting mobile phone users from various frauds such as identity theft, forged KYC, theft of mobile devices and banking frauds.

How Jio Bharat will change the lives of mobile users in India

How Jio Bharat will change the lives of mobile users in India

Rediff.com4 Jul 2023

The launch of internet-enabled Jio Bharat phones at an "attractive pricing" will enable Jio to gain market share at the lower end segment and signals a reduced probability of tariff hike in the near term, brokerages tracking the sector said. Jio on Monday launched internet-enabled Jio Bharat phones at Rs 999, packing in a cheaper monthly plan of Rs 123 for unlimited voice calls and 14 GB data. The new offering aims to accelerate the '2G Mukt Bharat' vision, as India still has 250 million mobile subscribers trapped in the 2G era with feature phones.

RG Kar: 'My Daughter Was Killed Elsewhere'

RG Kar: 'My Daughter Was Killed Elsewhere'

Rediff.com23 Jan 2025

'A murder has occurred in the room, but there were no signs of struggle.' 'RG Kar says the body was discovered at 9:30 am. But the media was informed at 8:30 am.' 'We realised that crucial evidence was being destroyed.' 'She had several bite marks on her neck, but no swab was collected.' 'My daughter had 28 injuries on her body. But there was no DNA of the assailant under her nails.' 'Are you saying she did not try to defend herself?'

Uttarakhand nurse raped, killed while returning from work

Uttarakhand nurse raped, killed while returning from work

Rediff.com16 Aug 2024

A nurse of a private hospital in Rudrapur has been allegedly raped and killed with her face crushed with a stone by the accused who dumped her body in a vacant plot in a Uttar Pradesh village near the Uttarakhand border, police said on Friday.

World Savings Day: Your Career Is Your BIGGEST Saving!

World Savings Day: Your Career Is Your BIGGEST Saving!

Rediff.com30 Oct 2024

The best way to achieve financial security isn't by cutting out every vada pav or limiting yourself to home-cooked meals; it's by making yourself indispensable at work, says Vatsal Ramaiya.

Small ticket transactions drag avg retail payments value by 48% in 3 years

Small ticket transactions drag avg retail payments value by 48% in 3 years

Rediff.com27 Dec 2024

The average value of retail digital payments dropped 48 per cent from Rs 8,769 in March 2021 to Rs 4,560 in March 2024 due to a growing preference to use digital modes of transactions for small value payments, according to the Reserve Bank of India's (RBI) report on the trend and progress of banking in India.

Mobile pay market may touch $245 bn by 2014

Mobile pay market may touch $245 bn by 2014

Rediff.com26 Sep 2011

The mobile payments market has gained traction in recent years, because of factors such as higher penetration of handsets in comparison to coverage of population with banking services and benign regulatory environments.

Jio, Airtel add nearly 48 lakh mobile subscribers in Sep, VIL loses 7.5 lakh: Trai data

Jio, Airtel add nearly 48 lakh mobile subscribers in Sep, VIL loses 7.5 lakh: Trai data

Rediff.com21 Dec 2023

Reliance Jio added 34.7 lakh mobile subscribers in September, cementing its lead in the competitive telecom market, while Airtel's wireless subscriber tally rose by 13.2 lakh, according to monthly data put out by Trai. Vodafone Idea lost 7.5 lakh mobile subscribers during September, dragging its wireless user tally to 22.75 crore. Reliance Jio gained 34.75 lakh wireless subscribers in September, and its user base climbed to 44.92 crore, as per data by Telecom Regulatory Authority of India (Trai).

Noida man held for giving death threats to Salman, Zeeshan Siddique

Noida man held for giving death threats to Salman, Zeeshan Siddique

Rediff.com29 Oct 2024

The Mumbai police have arrested a 20-year-old man from Noida in Uttar Pradesh for allegedly issuing a death threat to Bollywood actor Salman Khan and Nationalist Congress Party leader Zeeshan Siddique, an official said on Tuesday.

India's PV market posts record sales in 2024

India's PV market posts record sales in 2024

Rediff.com1 Jan 2025

Indian passenger vehicles market registered record wholesales of 43 lakh units in 2024, with companies like market leader Maruti Suzuki, Hyundai, Tata Motors, Toyota Kirloskar Motor, and Kia posting their best-ever annual domestic sales. The continued growth of SUVs, along with rural markets playing a key role in driving up car sales, helped the industry better the previous best of nearly 41.1 lakh units posted in 2023.

'Rahul Gandhi Would Have Been Wiser Had He...'

'Rahul Gandhi Would Have Been Wiser Had He...'

Rediff.com17 Jan 2025

'...spent 1/10th of his time at 24, Akbar Road...' 'He would have met thousands of party workers and ordinary Congress supporters who have love for the party.' 'Left of Centre intellectuals have shaped Rahul's values, but he lacks earthiness.'

Why Tailor Your Travel Insurance

Why Tailor Your Travel Insurance

Rediff.com20 Dec 2024

Before heading abroad, ensure your travel insurance policy offers all essential coverage and has an adequate sum insured.

E2W firms get serious about customer care support

E2W firms get serious about customer care support

Rediff.com10 Dec 2024

Players like Ola Electric, Ather Energy, Kinetic Green and BGauss are introducing premium services and infrastructure enhancements.

Now, Bharti can offer money services on mobile

Now, Bharti can offer money services on mobile

Rediff.com15 Sep 2010

Bharti Airtel is all set to start financial services on mobile phones as the company has been granted a licence by the Reserve Bank of India recently.

OnePlus to invest Rs 6,000 cr in India biz over next 3 years

OnePlus to invest Rs 6,000 cr in India biz over next 3 years

Rediff.com5 Dec 2024

Chinese smartphone maker OnePlus on Thursday said it plans to invest up to Rs 6,000 crore in its India business over the next three years. The company plans to make the investment in tranches of Rs 2,000 crore annually for the next three years under 'Project Starlight'. OnePlus on Thursday announced an annual investment of Rs 2,000 crore over the next three years to accelerate innovations in products and services in India.

Coming! Purge In EV 2 Wheeler Market

Coming! Purge In EV 2 Wheeler Market

Rediff.com13 Nov 2024

'Price competition is fierce, with many companies selling at zero margin.' 'This pricing pressure is challenging smaller companies and will likely drive some out of the market over time.'

'Kanda Express' to bring 1,600 tonnes of onions to Delhi on Oct 20

'Kanda Express' to bring 1,600 tonnes of onions to Delhi on Oct 20

Rediff.com17 Oct 2024

In a significant move to control spiralling onion prices ahead of the festive season, the government will transport 1,600 tonnes of buffer stock via railways from Maharashtra to Delhi - the first such initiative using rail transport for the kitchen staple. The special rake, dubbed 'Kanda Express', will depart from Maharashtra's Lasalgaon Railway Station and reach Delhi's Kishanganj Railway Station on October 20, Consumer Affairs Secretary Nidhi Khare announced on Thursday. The government expects this bulk movement to help stabilise prices in the Delhi-NCR region, where buffer stock onions are currently being sold at a subsidised rate of Rs 35 per kg.

YouTuber Elvish, comedian Bharti Singh summoned in Rs 500-cr fraud case

YouTuber Elvish, comedian Bharti Singh summoned in Rs 500-cr fraud case

Rediff.com3 Oct 2024

The police received over 500 complaints alleging that many social media influencers and YouTubers promoted the HIBOX mobile application on their pages and lured people into investing through the app, the officer said.

Car sales drive up thanks to wedding season, rural buy

Car sales drive up thanks to wedding season, rural buy

Rediff.com2 Dec 2024

Auto majors report positive sales figs for November.

Why younger employees prefer mobility over money

Why younger employees prefer mobility over money

Rediff.com3 Nov 2011

A good salary is important for the youngsters, but many of them would prefer a job that allows mobile connectivity to the workplace and provides social media freedom, a study has found.

Foxconn plans mobile component manufacturing arm in TN

Foxconn plans mobile component manufacturing arm in TN

Rediff.com31 Jul 2023

Taiwan's Foxconn signed a letter of intent (LoI) with the Tamil Nadu government on Monday to establish a new mobile component manufacturing facility for Rs 1,600 crore in Kancheepuram with potential to generate 6,000 jobs. On his Twitter handle, Chief Minister M K Stalin said the LoI was signed, in his presence, between the state government and Foxconn Group represented by its chairman Young Liu. State Industries Minister T R B Rajaa, Chief Secretary Shiv Das Meena and senior officials participated.

Ola Electric may lay off 500 staffers in major rejig

Ola Electric may lay off 500 staffers in major rejig

Rediff.com22 Nov 2024

Ola Electric is conducting an restructuring exercise which is expected to affect over 500 employees across various roles within the organisation, according to sources. This would be over 12 per cent of staff at the firm which has about 4,000 people. "This is a restructuring exercise ongoing for the last few months and is expected to conclude by next month," said a person familiar with the development.

Want To Invest In Crypto? Read This

Want To Invest In Crypto? Read This

Rediff.com16 Dec 2024

Regularly monitor your account for any suspicious activity. Keep your devices updated with the latest security patches to prevent vulnerabilities. Ensure the physical wallet you use is stored securely to avoid loss or theft.

IPO boom: Record Rs 1.6 lakh cr raised in 2024

IPO boom: Record Rs 1.6 lakh cr raised in 2024

Rediff.com22 Dec 2024

Fundraising momentum is expected to accelerate further in the New Year, potentially surpassing 2024's record figures

Can Your Electric Two-Wheeler Be Hacked?

Can Your Electric Two-Wheeler Be Hacked?

Rediff.com17 Sep 2024

The growing complexity of E2Ws and the evolving threat landscape make it challenging to guarantee complete immunity from attacks.

Five main-board, 6 SMEs to hit the markets to raise Rs 18,500 cr

Five main-board, 6 SMEs to hit the markets to raise Rs 18,500 cr

Rediff.com8 Dec 2024

The IPO market is set to be bustling next week, with 11 companies like Vishal Mega Mart, TPG Capital-backed Sai Life Sciences and fintech firm One Mobikwik Systems gearing up to launch their initial share sales, collectively aiming to raise nearly Rs 18,500 crore. Other mainboard IPOs to be launched during this period are Inventurus Knowledge Solutions Ltd and Blackstone-owned diamond grading firm International Gemmological Institute (India) Ltd.

Now, transfer your money via SMS

Now, transfer your money via SMS

Rediff.com12 Apr 2016

Unified Payments Interface launched to simplify mobile banking.

Spectrum auction postponed to June 25

Spectrum auction postponed to June 25

Rediff.com4 Jun 2024

The Department of Telecom (DoT) on Tuesday postponed the spectrum auction by 19 days to June 25, as per information available on its website. According to amendments made in the notice inviting applications for bids on Tuesday, the new date for "start of the live auction" has been changed to June 25 from June 6. The government will auction eight spectrum bands for mobile phone services at a base price of about Rs 96,317 crore.

To push green mobility, 10K e-buses to be deployed in 169 cities

To push green mobility, 10K e-buses to be deployed in 169 cities

Rediff.com16 Aug 2023

Seeking to enhance green mobility, the Union Cabinet on Wednesday approved the 'PM-eBus Sewa' scheme under which 10,000 electric buses will be provided to 169 cities under the public-private partnership (PPP) model.