News for 'Mobile Money'

Airtel again pips Jio in mobile customer addition

Airtel again pips Jio in mobile customer addition

Rediff.com23 Dec 2020

India's telecom subscriber base grew to over 1.17 billion in October with Bharti Airtel maintaining its leadership in mobile subscriber addition that accounts for over 98 per cent of total connections in the country, according to the monthly report released by sector regulator Trai on Wednesday. This is the second consecutive month when Airtel added highest number of subscribers. In September, it had regained the leadership position in subscriber addition after a gap of four years. The Sunil Bharti Mittal-led company added 3.67 million new customers in October, taking its total wireless customer base to 330.28 million in October 2020, the Telecom Regulatory Authority of India's (Trai) report said.

India will lead the world on 6G: Modi

India will lead the world on 6G: Modi

Rediff.com27 Oct 2023

Prime Minister Narendra Modi, speaking at the India Mobile Congress in New Delhi on Friday reeled out statistics to show how India has turned into an exporter of mobile phones from being an importer and how big tech companies -- from Apple to Google -- are lining up to become manufacturers in the country. He said after the fastest rollout of 5G mobile telephony services, India will lead the world on 6G. Recalling the launch of 5G technology in the country on October 1, 2022, he remarked that within a year there are about 5 lakh 5G base stations across the country.

Sebi Eases KYC Norms For MF Investors

Sebi Eases KYC Norms For MF Investors

Rediff.com16 May 2024

Mutual fund investors no longer need to link their PAN with Aadhaar to obtain 'KYC-registered' status.

India likely to grow by 7.5% in Q1, says article in RBI Bulletin

India likely to grow by 7.5% in Q1, says article in RBI Bulletin

Rediff.com21 May 2024

India is likely to grow by 7.5 per cent in the first quarter of the current financial year, driven by rising aggregate demand and non-food spending in the rural economy, according to an article in the RBI's May Bulletin released on Tuesday. The Indian economy has demonstrated marked resilience in the face of geopolitical headwinds impacting the supply chain, said an article on the state of the economy published in the May Bulletin.

Has Paytm Woken Up Too Late?

Has Paytm Woken Up Too Late?

Rediff.com20 Feb 2024

Has Vijay Shekhar Sharma given up on the bank? For now, he seems to be on a save-OCL mission. The bank will face its logical end, observes Tamal Bandopadhyay.

5 tips to save money while shopping online

5 tips to save money while shopping online

Rediff.com22 Apr 2021

Did you know that you can bargain with customer care and if you're lucky, you may get your favourite product at an affordable price?

Govt bans 118 Chinese mobile apps, including PUBG

Govt bans 118 Chinese mobile apps, including PUBG

Rediff.com2 Sep 2020

The banned apps include Baidu, Baidu Express Edition, Tencent Watchlist, FaceU, WeChat Reading and Tencent Weiyun, besides PUBG Mobile and PUBG Mobile Lite, according to an official statement.

Court rejects Naresh Goyal's plea for personal doctor, home-cooked food

Court rejects Naresh Goyal's plea for personal doctor, home-cooked food

Rediff.com19 Sep 2023

A special court in Mumbai on Monday rejected Jet Airways founder Naresh Goyal's applications seeking medical checkup by his personal doctor on regular basis and home-cooked food inside prison.

Reliance, Tata on TIME's list of world's most influential companies

Reliance, Tata on TIME's list of world's most influential companies

Rediff.com30 May 2024

Billionaire Mukesh Ambani's Reliance Industries and Tata Group have made it to the prestigious TIME's list of 100 World's Most Influential Companies of 2024. TIME called Reliance 'India's Juggernaut'. This is the second time that Reliance has found its way into the TIME list. Jio Platforms, the firm that holds digital properties of the conglomerate, was included in the inaugural TIME 100 Most Influential Companies List of 2021. Serum Institute is the other Indian company on the list.

Mobile user base dips for 2nd straight month, shrinks by 1.82 million

Mobile user base dips for 2nd straight month, shrinks by 1.82 million

Rediff.com20 Dec 2022

The fall represented the second straight month of decline in subscribers. Users in the segment had reduced by 3.66 million in September, shrinking for the first time in seven months.

Now, WhatsApp money to friends

Now, WhatsApp money to friends

Rediff.com8 May 2015

Axis Bank launches Ping Pay to enable fund transfer across various platforms

Borrowing money from lending apps? Read this!

Borrowing money from lending apps? Read this!

Rediff.com11 Jan 2021

'Remember, if an app breaks the rules while giving you money, it will also break them while collecting.'

Kejriwal to remain in ED custody till April 1

Kejriwal to remain in ED custody till April 1

Rediff.com28 Mar 2024

A court in New Delhi on Thursday extended the Enforcement Directorate custody of Chief Minister Arvind Kejriwal till April 1 in the excise policy case.

NCB seizes mobile phones of Deepika, Shraddha, Sara

NCB seizes mobile phones of Deepika, Shraddha, Sara

Rediff.com27 Sep 2020

"Mobile phones of Deepika Padukone, Shraddha Kapoor, Sara Ali Khan, Rakul Preet Singh, Karishma Prakash, Simone Khambatta and Jaya Shah have been seized," an NCB official said.

How mobile apps make banking easier

How mobile apps make banking easier

Rediff.com2 Oct 2012

Banks have been quick to embrace the smartphone era. Their apps for financial transactions promise ease, convenience and freedom from rigmarole.

From Jan 1, prefix '0' for landline to mobile calls

From Jan 1, prefix '0' for landline to mobile calls

Rediff.com24 Nov 2020

Callers will soon be required to add '0' prefix for making calls from landlines to mobile phones in the country, with the telecom department asking telcos to make necessary arrangements by January 1 to implement the new system. The department has accepted sectoral regulator Trai's recommendation for having the '0' prefix for such calls, a move that will create sufficient numbering space for telecom services. The Department of Telecom (DoT) in a circular on `modification of dialling pattern from fixed line numbers to cellular mobile numbers' said in order to ensure adequate numbering resources for fixed line and mobile services, Trai's recommendations dated May 29, 2020 have been accepted by the Department.

'I Want To Impact 1 Billion Lives'

'I Want To Impact 1 Billion Lives'

Rediff.com28 May 2024

'I tell those in their 20s that age is on their side and they should start exercising early.' 'Just like investing in good stocks, if they start early, they will get the multiplier effects of being healthy, fit and strong later in life.'

Vivo PMLA case: Court extends ED custody of the accused by 3 days

Vivo PMLA case: Court extends ED custody of the accused by 3 days

Rediff.com13 Oct 2023

A court in New Delhi on Friday extended by three days the ED custody of four people arrested in a money laundering case against Chinese smart phone maker Vivo, including the managing director of Lava International mobile company and a Chinese national. The four accused were produced before Additional Sessions Judge Devender Kumar Jangala on completion of their three-day ED custody. On Friday, the agency moved four separate applications seeking extension of their custody by 10 days but the court granted it only three more days for custodial interrogation of the accused.

India's internet economy likely to reach $1 trillion by 2030: Experts

India's internet economy likely to reach $1 trillion by 2030: Experts

Rediff.com17 May 2024

India's internet economy is estimated to reach $1 trillion by 2030, primarily due to e-commerce, which is expected to be worth $325 billion and rank third globally, according to industry experts. Last year marked a crucial turning point for India's e-commerce sector, with notable changes in consumer trends, technology, and regulations. InGovern Research Services, a leading corporate governance advisory firm, hosted a virtual roundtable to deliberate on the notable developments in India's e-commerce sector in 2023, with a particular focus on the essential role of customer trust in fueling its ongoing expansion.

Ban on Chinese mobile apps is bonanza for India's own

Ban on Chinese mobile apps is bonanza for India's own

Rediff.com17 Sep 2021

Eighteen months after the government started banning Chinese mobile apps, two distinct changes have occurred in the country's mobile app sweepstakes. The move has given a thrust to domestic app publishers, especially in certain segments and it has dramatically reduced the market share of Chinese apps. What started as an interim government ban on 59 Chinese apps, including the highly popular TikTok and WeChat in March 2020 ended as a permanent ban on many of them in January this year. According to a China Internet Report 2021 (by South China Morning Post), the market share of Chinese apps in India has dropped substantially from 44 per cent in 2018 to only 29 per cent in 2020. In 2017 it was 41 per cent.

Halwa ceremony held; stage set for interim Budget

Halwa ceremony held; stage set for interim Budget

Rediff.com24 Jan 2024

The Halwa ceremony, marking the final stage of the budget preparation process for Interim Union Budget 2024, was held in North Block on Wednesday in the presence of Union Finance Minister Nirmala Sitharaman. Union Minister of State for Finance Dr Bhagwat Kisanrao Karad was also present. A customary halwa ceremony is performed every year before the "lock-in" process of Budget preparation begins.

Banks' Digital Push Risks Customers' Safety

Banks' Digital Push Risks Customers' Safety

Rediff.com28 Jul 2023

We as customers have to be conscious and careful to sidestep numerous types of frauds made possible under a mindless shift to a digital ecosystem without customer-redress procedures, warns Debashis Basu.

Flipkart acquires mobile marketing firm Appiterate

Flipkart acquires mobile marketing firm Appiterate

Rediff.com29 Apr 2015

Flipkart on Wednesday said it has acquired mobile marketing start-up Appiterate.

Airtel's Q3 net rises 54% to Rs 2,442 crore

Airtel's Q3 net rises 54% to Rs 2,442 crore

Rediff.com5 Feb 2024

Bharti Airtel on Monday posted a 54 per cent jump in consolidated net profit to Rs 2,442.2 crore in the December quarter, mainly on account of growth in high value customers. Airtel prepaid mobile customers are required to pay at least Rs 155 for about a month-long service as the company had raised rates by 56 per cent in January 2023. Bharti Airtel managing director Gopal Vittal has indicated a need for further increase in mobile services rates.

Another outage hits HDFC Bank; this time its mobile app

Another outage hits HDFC Bank; this time its mobile app

Rediff.com15 Jun 2021

The mobile banking app of the largest private sector lender HDFC Bank, which has been under the regulatory lens for network outages, was down for an hour on Tuesday due to unspecified issues. The city headquartered bank said the issues were faced for an hour late in the morning on Tuesday and the same was resolved in an hour. It urged customers to use the net banking alternative to transact in the interim.

India ranks 2nd in time spent on shopping apps

India ranks 2nd in time spent on shopping apps

Rediff.com17 Jan 2024

Indian shoppers accounted for 13 per cent of the total hours spent by mobile users across the globe on their shopping apps in 2023, next only to China in this regard. According to the "State of Mobile -2024" report released a few days ago by data.ai (previously known as App Annie), which looks into various segments of the app economy across the world, in the last calendar year, users in India collectively spent 12.84 billion hours on shopping apps. This represents an increase of over 73 per cent from the time they spent in 2020 and of more than 3.5 per cent over 2022.

Elgar: SC notes long detention, delay in charges, grants bail to activist

Elgar: SC notes long detention, delay in charges, grants bail to activist

Rediff.com5 Apr 2024

In a relief to academic-activist Shoma Kanti Sen, arrested in June 2018 in connection with the Elgar Parishad-Maoist links case, the Supreme Court on Friday granted her bail while taking cognisance of the "composite effect" of the delay in framing charges coupled with her prolonged detention.

Rs 900 Crores Cyber Scams Prevented!

Rs 900 Crores Cyber Scams Prevented!

Rediff.com6 Dec 2023

...benefiting 350,000 persons. Also, Trai detected and blocked seven million mobile phone connections involved in cyber fraud and suspicious activities.

Can Voda Idea play on the front foot in a market fast resembling a duopoly?

Can Voda Idea play on the front foot in a market fast resembling a duopoly?

Rediff.com26 Feb 2024

In August 2021, Nick Read, chief executive of Vodafone Plc at the time, did not mince his words while speaking about the India business in an earnings call. Replying to an analyst's question on Vodafone Idea, a venture with the Aditya Birla Group that had piled on huge debts and worrisome losses, Read described it as a highly stressed situation that "they (Vodafone Idea) are trying to navigate... "We, as a group, try to provide them as much practical support as we can, but I want to make it very clear, we are not putting any additional equity into India.''

Ahead of FPO, Vodafone Idea garners Rs 5,400 cr from anchor investors

Ahead of FPO, Vodafone Idea garners Rs 5,400 cr from anchor investors

Rediff.com17 Apr 2024

Just ahead of its mega FPO opening to public investors, Vodafone Idea (VIL) has announced closure of its anchor book allocation, raising about Rs 5,400 crore from marquee global as well as domestic investors, according to a statutory filing by the telco. This could be the third-largest anchor book after One 97 Communications and Life Insurance Corporation (LIC). One 97 Communications and LIC had raised Rs 8,235 crore and Rs 5,627 crore in the anchor round, respectively.

Jio, Airtel roll out special plans to woo cricket fans during World Cup

Jio, Airtel roll out special plans to woo cricket fans during World Cup

Rediff.com6 Oct 2023

With the start of the World Cup cricket tournament, Reliance Jio and Bharti Airtel have rolled out plans to woo cricket fans. Reliance Jio has started offering multiple prepaid plans bundled with Disney+ Hotstar where users will be able to watch World Cup cricket matches. Bharti Airtel has launched two plans, which include unlimited data for 2 days against a payment of Rs 99 and 6GB of additional data with 1-day validity for Rs 49.

Paytm Payments Bank gets time till March 15 to stop transactions

Paytm Payments Bank gets time till March 15 to stop transactions

Rediff.com16 Feb 2024

The RBI on Friday gave 15 days more till March 15, 2024 to Paytm Payments Bank Ltd (PPBL) to stop deposits, credit transactions or top-ups in any customer accounts, wallets, and FASTags, keeping in view the interest of customers, including merchants. As per a January 31 order of the central bank, PPBL was asked 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.

RailTel kiosks to soon offer mobile recharge, bill payment & more

RailTel kiosks to soon offer mobile recharge, bill payment & more

Rediff.com6 Jan 2022

Passengers in 200 railway stations across India will soon be able to recharge their mobiles, pay electricity bills, fill up Aadhaar and Pan card forms and even file taxes with help from Common Service Centre (CSC) kiosks to be set up by RailTel. The scheme has been operationalised in partnership with CSC e-Governance Services India Limited' (CSC-SPV) and the Ministry of Electronics & Information Technology, RailTel said in a statement. The kiosks will be run by village level entrepreneurs (VLEs).

Corporate India on overdrive to celebrate Ram Mandir inauguration

Corporate India on overdrive to celebrate Ram Mandir inauguration

Rediff.com19 Jan 2024

As Ayodhya readies itself for the glittering, much-awaited consecration ceremony of the Ram Mandir on January 22, and as millions of pilgrims and devotees pour into the holy city for the momentous event, companies are rushing to do their bit and be a part of the mega celebrations. Some are offering a part of their profits as donations, telcos are beefing up the number of cellular towers to ensure better connectivity, and there are those distributing jalebis and food platters.

Rahul woos farmers with loan waiver if Cong voted to power

Rahul woos farmers with loan waiver if Cong voted to power

Rediff.com13 Apr 2024

Gandhi said farmers asked him during his Bharat Jodo and Bharat Jodo Nyay yatras about why they were not getting the benefit of loan waivers like billionaire industrialists or MSP (minimum support price) for farm produce.

Prefix '0' for all landline to mobile calls from Jan 15

Prefix '0' for all landline to mobile calls from Jan 15

Rediff.com26 Nov 2020

From January 15, callers will have to dial numbers with prefix '0' for making calls from landline to mobile phone. Announcing the decision, the communications ministry said the move would free up sufficient numbering resources for future use, and nearly 2,539 million numbering series are expected to be generated as a result. There will be no change with respect to dialling numbers for fixed-to fixed, mobile-to-fixed, and mobile-to-mobile calls.

India's ambitious chip dream all set to be real

India's ambitious chip dream all set to be real

Rediff.com18 Feb 2024

Two full-fledged semiconductor fabrication plants are going to come up in India very soon entailing multi-billion dollar investment besides several chip assembly and packaging units, Minister of Electronics and IT Rajeev Chandrasekhar said. In an interview with PTI, the minister confirmed that the two projects include a $8 billion proposal submitted by Israel-based Tower Semiconductors and the other from Tata Group. "I am happy to share this with you and you are probably the first one I'm sharing this with.

'Modiji, Can We Survive Only On Rations?'

'Modiji, Can We Survive Only On Rations?'

Rediff.com19 May 2024

'Modi must see how we live, what we have to do to educate our children.'

Gangster couple on bail getting married, invitation goes viral

Gangster couple on bail getting married, invitation goes viral

Rediff.com5 Mar 2024

A scheduled wedding, taking place between two alleged gangsters -- Anuradha Choudhary alias 'Madam Minz' from Rajasthan and Sandeep alias Kala Jathedi from Haryana -- is being discussed in police circles.

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

Kotak Mahindra Bank's loan, deposit growth may be impacted after RBI curbs

Rediff.com26 Apr 2024

Kotak Mahindra Bank's loan and deposit growth are likely to be affected after the Reserve Bank of India (RBI) asked the private-sector lender not to take on board new customers through the bank's online and mobile banking channels and not to issue any new credit cards, according to analysts. The bank's share price fell 10.85 per cent on Thursday to close the day at Rs 1,643 on the BSE. The RBI's action came after market hours on Wednesday.