News for 'Mobile Money'

Ola Electric cuts costs by Rs 90 cr/month, eyes EBITDA breakeven in Q1 FY26

Ola Electric cuts costs by Rs 90 cr/month, eyes EBITDA breakeven in Q1 FY26

Rediff.com12 Mar 2025

Ola Electric on Wednesday said it has successfully completed a company-wide initiative to reduce cost and improve customer experience.

Haryana engineer held on digital arrest for 6 days, duped of Rs 3.46 lakh

Haryana engineer held on digital arrest for 6 days, duped of Rs 3.46 lakh

Rediff.com21 Dec 2024

A mechanical engineer in Faridabad was held 'digitally' hostage for six days by cyber fraudsters who duped him of Rs 3.46 lakh. The fraudsters forced him to lock himself in a room and monitored his activities through his mobile camera. They convinced him that he was involved in a drug smuggling operation and threatened him with legal action. The victim eventually realized the scam when the fraudsters forgot to switch off their mics and started talking to each other. Police have registered an FIR and are investigating the matter.

From 96% holding to a sliver: How Gensol promoters made swift exit

From 96% holding to a sliver: How Gensol promoters made swift exit

Rediff.com29 Apr 2025

When Gensol Engineering made its public market debut through a small and medium enterprises (SME) initial public offering (IPO) in September 2019, its promoters held a commanding 96 per cent stake. Now, that figure has shrunk to a "negligible" fraction.

Lessons For Start Ups From UPI Success Story

Lessons For Start Ups From UPI Success Story

Rediff.com14 Apr 2025

Isn't there something significant in the UPI example for all of us to learn from and execute to enable world-scale success for our startups?, asks Ajit Balakrishnan.

Now you can help in drafting Income-Tax rules

Now you can help in drafting Income-Tax rules

Rediff.com18 Mar 2025

Central Board of Direct Taxes on Tuesday said stakeholders can send their inputs for drafting Income-tax rules and related forms pertaining to the proposed Income Tax Bill, 2025. The Income Tax Bill, 2025 was introduced in Parliament last month and is currently under examination by the Select Committee for detailed consideration.

Karad told aides to eliminate anyone who comes in their way: Police

Karad told aides to eliminate anyone who comes in their way: Police

Rediff.com2 Mar 2025

Walmik Karad, a close aide of Maharashtra minister Dhananjay Munde, has been charged with ordering the murder of sarpanch Santosh Deshmukh, who allegedly opposed Karad's extortion bid targeting a wind energy company. According to a chargesheet filed by the state Crime Investigation Department (CID), Karad allegedly asked his associates to "eliminate" anyone who interfered with their extortion attempt. Deshmukh was abducted, tortured, and murdered in December 2024 after he attempted to stop the extortion bid. Karad and several others have been charged with murder, extortion, and organized crime.

How to carry out mobile banking

How to carry out mobile banking

Rediff.com15 Apr 2011

MMID is a seven-digit number issued by your bank for transactions through mobile banking.

Fighting digital fraud: From KYC processes to advanced authentication

Fighting digital fraud: From KYC processes to advanced authentication

Rediff.com10 Feb 2025

In today's rapidly evolving digital payment landscape, security concerns remain a top priority for stakeholders across sectors.

'TN should compete with US, China, and not Indian states'

'TN should compete with US, China, and not Indian states'

Rediff.com26 Mar 2025

'We don't have to compete with Maharashtra or Gujarat. We have to now start thinking about how we compete with the United States or China.'

2024 an inflection point in race to become unicorn

2024 an inflection point in race to become unicorn

Rediff.com28 Feb 2025

Startups that became unicorns in 2024 took an average of nine years and six months to reach $1 billion valuation, reflecting the impact of a prolonged funding squeeze from PE/VC firms over the past few years.

Vietnam: A Wonderful Place For A Holiday

Vietnam: A Wonderful Place For A Holiday

Rediff.com12 May 2025

Whether it's navigating the labyrinthine Cu Chi Tunnels, boating on the Mekong, marveling at ancient Champa temples, or the Mekong Bay, Vietnam promises a journey like no other.

How wrong spelling helped UP cops crack fake kidnapping

How wrong spelling helped UP cops crack fake kidnapping

Rediff.com8 Jan 2025

Wrong spelling in a ransom note helped police crack a staged kidnapping in which a man tried to con his elder brother with a Rs 50,000 demand, officials said on Wednesday.

BSNL to launch money transfers on mobile

BSNL to launch money transfers on mobile

Rediff.com22 Feb 2010

New SMS-based service to be offered in association with India Post.

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Hong Kong busts $1.8-bn money laundering syndicate with India links, 7 held

Rediff.com16 Feb 2024

The syndicate used "stooge" bank accounts and shell companies to transfer the largest amount linked to a single case recorded in the city, the Customs and Excise Department of Hong Kong said.

'Was taken to US border via Amsterdam, Panama, Mexico after paying Rs 46L'

'Was taken to US border via Amsterdam, Panama, Mexico after paying Rs 46L'

Rediff.com16 Feb 2025

Dozens of Indian immigrants, mostly from Punjab, were deported from the United States after attempting to enter the country illegally. They were returned to India in shackles, having spent lakhs of rupees on the journey. Many of the deportees said they were duped by travel agents who promised them a better life in the US. Their families had sold land, borrowed money, and mortgaged their properties to finance the trip. The deportees are now facing a bleak future, having lost their money and their dreams of a better life in the US.

Charge sheet filed against Vivo India in money laundering case

Charge sheet filed against Vivo India in money laundering case

Rediff.com7 Dec 2023

The Enforcement Directorate has filed its first charge sheet in connection with its money laundering probe against Chinese smartphone maker Vivo-India and some others, official sources said on Thursday. The prosecution complaint was filed before the court of Special Judge Kiran Gupta in New Delhi on Wednesday under the criminal sections of the Prevention of Money Laundering Act and Vivo-India has been named an accused apart from those arrested in this case, the sources told PTI. The judge posted the matter for consideration on December 13.

Reliance Money launches mobile trading in equities

Reliance Money launches mobile trading in equities

Rediff.com24 Feb 2009

"Any Reliance Money customer who has an Internet access through a GPRS or CDMA-enabled mobile phone can log in to the Reliance Money website using his or her existing user ID, security token number and trade in equities and commodities," said Reliance Money Director and CEO, Sudip Bandhopadhyay. With this initiative, the company will now be tapping approximately 347-million telecom users based in India.

Utility vehicle demand drives PV sales to record high at over 43 lakh units in FY25: SIAM

Utility vehicle demand drives PV sales to record high at over 43 lakh units in FY25: SIAM

Rediff.com15 Apr 2025

Passenger vehicle dispatches in India from factories to dealers rose to record levels at over 43 lakh units in FY25, with utility vehicles accounting for 65 per cent of the total sales in the segment, industry body SIAM said on Tuesday. Passenger vehicle (PV) dispatches rose to 43,01,848 units in the last fiscal year, marking a 2 per cent increase compared to 42,18,750 units in FY 2023-24.

Modi-Musk Talk: Will Starlink Get Go Ahead?

Modi-Musk Talk: Will Starlink Get Go Ahead?

Rediff.com19 Apr 2025

Starlink's application for offering satcom services in India had been held up for the company's inability to comply with mandatory ownership disclosure norms.

Insurance: How You Can Lose Money

Insurance: How You Can Lose Money

Rediff.com22 Mar 2024

In numerous instances, family members are unaware of an insurance policy's existence, let alone its details.

IPL Boosts JioHotstar To 200M Subscribers

IPL Boosts JioHotstar To 200M Subscribers

Rediff.com14 Apr 2025

The subscriber count made JioHotstar one of the largest OTT platforms in the world.

Tech firms line up for Rs 23K crore PLI jackpot

Tech firms line up for Rs 23K crore PLI jackpot

Rediff.com7 Apr 2025

Leading home-grown companies - Dixon Technologies (India), Amber Enterprises India, Tata Electronics, Chennai-based Munoth Industries, and Murugappa Group - along with global majors such as Japan's TDK Corporation, Taiwan's Hon Hai Technology Group (Foxconn), Austria's AT&S Austria Technologie & Systemtechnik AG (AT&S AG), and Japan's Murata Manufacturing Co, among others, have expressed initial interest in participating in the Rs 22,919 crore production-linked incentive (PLI) scheme cleared by the Union Cabinet, according to those privy to stakeholder discussions with the government.

I-T dept sets up control room in Delhi to check black money in polls

I-T dept sets up control room in Delhi to check black money in polls

Rediff.com20 Mar 2024

The identity of the informant shall be kept a secret, it said.

Four militants held in Manipur; arms, ammo seized in search op

Four militants held in Manipur; arms, ammo seized in search op

Rediff.com14 Mar 2025

Four militants belonging to different proscribed outfits in Imphal Valley were arrested in separate operations by police. Among those arrested were Thokchom Ongbi Anita Devi, a PLA member, Moirangtham Ricky Singh of UNLF-K, Laishram Bishorjit Meitei of PREPAK, and Yumnam Premjit Meitei associated with Kangleipak Communist Party (Apunba).

Taiwanese among 17 held in Gujarat for 'digital arrest' fraud

Taiwanese among 17 held in Gujarat for 'digital arrest' fraud

Rediff.com14 Oct 2024

Seventeen persons, including four hailing from Taiwan, were arrested by Ahmedabad Cyber Crime Branch for allegedly operating a nationwide 'digital arrest' racket, a Gujarat police official said on Monday.

Youth killed on moving train in Telangana while resisting theft; 4 held

Youth killed on moving train in Telangana while resisting theft; 4 held

Rediff.com2 Jan 2025

A 25-year-old man was killed on a moving train in Telangana after he confronted four men who had stolen his money. The victim, Shashank Ramsingh Raj, was traveling from Secunderabad to Jhansi when the incident occurred. The thieves, who were later detained by the Government Railway Police (GRP), allegedly stole Rs 1,700 from Raj's pocket and also stole another passenger's mobile phone. When Raj confronted them, a brawl ensued, during which Raj was kicked and punched mercilessly. He later vomited blood and fell unconscious. Raj was pronounced dead upon arrival at Nagpur station. The case has been transferred to the GRP at Mancherial in Telangana.

Jio inks pact with Elon Musk's SpaceX to offer Starlink services in India

Jio inks pact with Elon Musk's SpaceX to offer Starlink services in India

Rediff.com12 Mar 2025

The Reliance Industries' digital services company Jio Platforms Limited has signed an agreement with SpaceX to offer Starlink's broadband internet services to its customers in India, the company said on Wednesday. The agreement is subject to SpaceX receiving authorisation to sell Starlink in India. The development came a day after Jio's rival Bharti Airtel signed a similar pact with SpaceX.

Electronics exports propelled by mobile show sharpest surge in top 10 club

Electronics exports propelled by mobile show sharpest surge in top 10 club

Rediff.com3 Jan 2024

Exports of electronics goods has risen by 24 per cent from April to November as compared with the same period in the last fiscal, the largest increase out of India's top 10 export categories. The increase has been propelled by mobile exports under the Production Linked Incentive (PLI) scheme and has pushed electronics up from sixth to fifth position in the top 10. A gap of $200 million separates electronics from occupying the fourth position, currently held by drugs and pharmaceuticals at $17.9 billion.

Airtel may see highest revenue growth, user addition in Q3

Airtel may see highest revenue growth, user addition in Q3

Rediff.com16 Jan 2025

Bharti Airtel is expected to see its highest revenue growth, and subscriber addition during the third quarter (October-December) of FY25 among telcos, said analysts. The telco's top line in Q3 may see the fastest sequential growth at 5 per cent compared to 3 per cent for Reliance Jio and Vodafone Idea (Vi). Airtel's annual mobile revenue growth would rise to 16 per cent, IIFL Capital said in an analyst note.

Import duties on 25 critical minerals, 36 drugs removed

Import duties on 25 critical minerals, 36 drugs removed

Rediff.com1 Feb 2025

Finance Minister Nirmala Sitharaman on Saturday announced the removal of import duties on 12 critical minerals, lithium-ion batteries scrap, cobalt products, LED, zinc and 36 drugs for cancer and rare diseases.

India Eyes Bigger Share Of US Electronics Market

India Eyes Bigger Share Of US Electronics Market

Rediff.com20 Mar 2025

In 2023, the share of US electronics imports from India was a mere 1.9 per cent of the $520 billion they imported, while the total Indian electronics exports to the US was pegged at only $10 billion.

Flight tickets to be cheaper this Holi

Flight tickets to be cheaper this Holi

Rediff.com11 Mar 2025

With only a few days to go before the country celebrates Holi, several airline companies offered discounts on fares on the occasion of the festival of colours. While two airlines are providing discounts on both domestic and international networks, another has the offer only for the domestic sector. Low-cost airline Akasa Air said it is offering an all-inclusive one-way fare starting at Rs 1,499 on domestic routes.

Why Sebi warned Ola Electric

Why Sebi warned Ola Electric

Rediff.com8 Jan 2025

Market regulator Sebi has warned Ola Electric Mobility for violating listing norms by sharing store expansion plans on social media before informing stock exchanges, according to a regulatory filing by the company. In a letter to the company by Sebi, shared on BSE by Ola Electric Mobility, the market regulator took exception to the dissemination of information regarding plans for a four-fold expansion of the company-owned store network by December 20, 2024.

Cop replaces bribe notes in court, blames rats, booked

Cop replaces bribe notes in court, blames rats, booked

Rediff.com5 Jan 2025

A head constable has been booked for changing bribe notes in court claiming the original ones were nibbled by rats at the police station where they were stored, officials said on Sunday.

NIA officer demands Rs2.5 cr bribe in false terror case, arrested

NIA officer demands Rs2.5 cr bribe in false terror case, arrested

Rediff.com4 Oct 2024

The CBI arrested an NIA deputy superintendent of police posted in Patna and two middlemen on Thursday for allegedly accepting a Rs 20 lakh bribe to extend favours to a person in an ongoing probe, officials said.

Israeli tourist among 2 women gang-raped near Hampi, male friend killed

Israeli tourist among 2 women gang-raped near Hampi, male friend killed

Rediff.com8 Mar 2025

Two women, including a 27-year-old Israeli tourist, were allegedly gang-raped while stargazing on the banks of Sanapur Lake near Hampi, police said on Saturday.

Shooter reveals why Anmol Bishnoi 'ordered to kill' Baba Siddique

Shooter reveals why Anmol Bishnoi 'ordered to kill' Baba Siddique

Rediff.com27 Jan 2025

Gangster Anmol Bishnoi had ordered the hit on Nationalist Congress Party leader Baba Siddique for his 'association with Dawood Ibrahim and involvement in the 1993 Bombay blasts', alleged main shooter Shivkumar Gautam in his confessional statement to the police.

RIL, Airtel stocks rise after SpaceX deal

RIL, Airtel stocks rise after SpaceX deal

Rediff.com12 Mar 2025

Shares of Reliance Industries as well as Bharti Airtel began the trade on a positive note on Wednesday after the two firms announced their partnerships with Elon Musk's SpaceX for providing high-speed internet services in India. Bharti Airtel stock opened with a gain of 5.49 pc to hit a high of Rs 1,388.25 apiece on the National Stock Exchange (NSE). Soon, it pared all gains and traded 0.77 per cent lower to Rs 1,650.10 per piece.

870 Mn Accessed Internet In Indian Languages

870 Mn Accessed Internet In Indian Languages

Rediff.com17 Jan 2025

Among urban users, 57 per cent mentioned a preference for accessing Internet content in vernacular languages.

Police summon actor Rhea Chakraborty, Bharti Singh in app fraud case

Police summon actor Rhea Chakraborty, Bharti Singh in app fraud case

Rediff.com6 Oct 2024

Rhea Chakraborty was also among those who promoted the app, said the officer privy to the investigation in the matter.