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India · IndiaThe Telecom Regulatory Authority of India on Friday issued a consultation paper proposing a review of mobile recharge plans. The paper explores the possibility of introducing separate recharge vouchers for voice calls, data, and SMS. It also considers whether to extend the maximum validity period of Special Tariff Vouchers and Combo Vouchers beyond the current 90-day limit. TRAI noted that despite the widespread use of bundled plans, there is a …See the Story
Telecom Regulator Considers Separate Recharge Plans For Voice, Data And SMS
Mumbai · MumbaiThe Securities and Exchange Board of India upheld its earlier order with modifications against 12 entities, including the promoter of V Marc India Ltd., for their involvement in a fraudulent scheme to manipulate the company’s share volume and prices. The 121-page confirmatory order enforces restrictions on these entities from participating in the securities market. SEBI’s Whole-Time Member Ananth Narayan G said that the total liability for alleg…See the Story
SEBI Upholds Order Against 12 Entities In V Marc India Fraud Case
Mumbai · MumbaiA special court here on Friday rejected the Central Bureau of Investigation's plea that sought the arrest of Gitanjali Group's former top executive, Sunil Varma, in the case linked to multi-million dollar Punjab National Bank scam.Varma, a former international business head of Mehul Choksi's Gitanjali Group, appeared before the court last week, almost seven years after the registration of the PNB fraud case.Following his appearance, the probe ag…See the Story
Court Denies CBI's Plea To Arrest Former Gitanjali Group Executive In PNB Scam
India · IndiaMobile number porting requests under the Mobile Number Portability service crossed the 100 crore mark on July 6, telecom regulator Telecom Regulatory Authority of India said on Friday.The MNP service was launched on January 20, 2011."On July 6, 2024, the porting requests processed in the country since January 2011 in India crossed the 100 crore mark," the Telecom Regulatory Authority Of India (Trai) said in a statement.According to Trai, about 1…See the Story
Requests To Port Mobile Numbers Cross 100 Crore
Maharashtra · MaharashtraIn a major cyber heist, fraudsters managed to transfer Rs 40 crore from IndusInd Bank customers into various mule accounts recently, Rs 33 crore of which were saved by prompt Maharashtra Cyber action, a senior police official said on Friday.The remaining Rs 7 crore has been siphoned off into various mule accounts, Maharashtra Cyber Inspector General of Police Yashasvi Yadav told reporters.The incident comes to light amid heightened warnings by R…See the Story
IndusInd Bank Cyber Theft: Rs 40 Crore Transferred, Rs 33 Crore Recovered By Maharashtra Cyber Response
Mobile Phones · IndiaProduction of mobile phones, including electronic components and semiconductor packaging, under the Production Linked Incentive Scheme for large-scale electronics manufacturing reached Rs 5.14 lakh crore till June 2024, Parliament was informed on Friday.Minister of State for Electronics and IT Jitin Prasada, in a written reply to the Rajya Sabha, said that to boost domestic manufacturing and attract investment in mobile phones value chain, inclu…See the Story
PLI Scheme Fuels Rs 5.14 Lakh Crore In Electronics Manufacturing By Mid-2024
India · IndiaThe government has increased by two months an EV subsidy scheme that came into effect after the expiry of the FAME-II regime.The Electric Mobility Promotion Scheme 2024 will now run until Sept. 30, 2024, as against July 31 earlier, with an enhanced outlay of Rs 778 crore, according to a press statement by the Union Ministry of Heavy Industries. The scheme now aims to support 560,789 EVs— including 5,00,080 electric two-wheelers and 60,709 electr…See the Story
India Extends EMPS Scheme For EV Subsidy By Two More Months
Reserve Bank of India · MumbaiThe Reserve Bank of India has chosen five entities, including Indian Banks' Digital Infrastructure Co. and Signzy Technologies, to test the products they have offered under the regulatory sandbox initiative.Regulatory sandbox refers to live testing of new products or services in a controlled/test regulatory environment, for which regulators may (or may not) permit certain relaxations for the limited purpose of the testing.The Reserve Bank receiv…See the Story