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<ul><li>The <keyword id="17377990" type="General" weightage="100" keywordseo="sanchar-saathi" source="Orion">Sanchar Saathi</keyword> portal allows you to find mobile numbers registered in your name.</li><li>You can disconnect numbers not registered by you or which are no longer in use.</li><li>Here’s how you can easily track numbers registered in your name.</li></ul> When you seek a new phone number, one of the things that you need to provide is some proof of your identity. This prevents misuse and allows the authorities to pin down the person responsible for a crime, when it’s committed. However, there may be some numbers registered in your name that you may not be aware about. It is important to keep track of the phone numbers registered in your name and block unknown numbers. The Department of Telecommunications has set up the Sanchar Saathi portal for just this purpose. This portal allows you to track the phone numbers registered in your name and also block unknown numbers. <cmsannotation type="cmsannotation" annotationid="How to find phone numbers registered in your name" comment="subhead" text="How to find phone numbers registered in your name">How to find phone numbers registered in your name</cmsannotation> To begin, go to the Sanchar Saathi portal<a href="https://tafcop.sancharsaathi.gov.in/telecomUser/"> here</a>. <ul><li>Now, enter your phone number and the captcha shown in the image.</li><li>Click on “Validate captcha” and you will receive an OTP on your phone.</li><li>Enter the OTP and click on “Login”.</li></ul>Once you click on ‘login’, you will be shown the numbers registered in your name. In addition to showing the numbers registered under your name, you will get three options – <ul><li>Not My Number</li><li>Not Required</li><li>Required</li></ul> The option “Not My Number” indicates that the number is active without your knowledge and should be disconnected. The option “Not Required” is for those numbers that are active but you no longer require them. They will also be disconnected. The option “Required” is for those numbers which you are currently using and no action is required. <cmsannotation type="cmsannotation" annotationid="How to disconnect unknown numbers registered in your name" comment="subhead" text="How to disconnect unknown numbers registered in your name">How to disconnect <keyword id="17435492" type="General" weightage="20" keywordseo="unknown-numbers-registered" source="Orion">unknown numbers registered</keyword> in your name</cmsannotation> You can disconnect unknown numbers registered in your name by selecting “Not My Number” and clicking on “Report”. If you want to disconnect a number registered by you but which is no longer being used, click on “Not Required” and click on “Report. <cmsannotation type="cmsannotation" annotationid="Sanchar Saathi portal to track and block lost phones" comment="subhead" text="Sanchar Saathi portal to track and block lost phones">Sanchar Saathi portal to track and block lost phones</cmsannotation> The Sanchar Saathi portal can also be used to track and block lost phones to prevent misuse. You can use<a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms"> this guide</a> to know how to track your lost phones or block them. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a> <a href="https://www.businessinsider.in/tech/mobile/news/lava-agni-2-5g-vs-oneplus-nord-ce-3-lite-5g-mobile-comparison-of-price-and-features/slidelist/100294724.cms">Lava Agni 2 5G vs OnePlus Nord CE 3 Lite 5G – Which sub-₹25,000 phone should you buy?</a> <a href="https://www.businessinsider.in/tech/news/8-things-that-google-bard-can-do-but-chatgpt-cannot/articleshow/100187360.cms">8 things that Google Bard can do, but ChatGPT cannot</a>

How to find phone numbers registered in your name and block those that aren’t yours

<ul><li>You can now track and block your lost smartphones across the country.</li><li>The Department of Telecommunications has launched the <keyword id="17377990" type="General" weightage="20" keywordseo="Sanchar-Saathi" source="Orion">Sanchar Saathi</keyword> portal.</li><li>Here’s how to use the Sanchar Saathi portal to block and unblock your smartphone.</li></ul> Smartphones have become an integral part of our lives, and many of us spend a lot on smartphones. They are easy to lose when you forget them somewhere or if someone steals them. In such cases, it becomes difficult to find your phone. The Department of Telecommunications has set up the Sanchar Saathi portal, which uses the Central Equipment Identity Register (CEIR) to help users to track and block their lost smartphones. The Sanchar Saathi service is available across the country, and users must file a police complaint before they can use the portal. <cmsannotation type="cmsannotation" annotationid="How to block your smartphone on the Sanchar Saathi portal" comment="subhead" text="How to block your smartphone on the Sanchar Saathi portal">How to block your smartphone on the Sanchar Saathi portal</cmsannotation> Blocking your smartphone prevents it from being used by others while it is being tracked. Once you register on the platform, your device’s IMEI will be blocked, preventing the misuse of your device. <ul><li>To begin, go to the Sanchar Saathi portal<a href="https://ceir.sancharsaathi.gov.in/Request/CeirUserBlockRequestDirect.jsp"> here</a>.</li><li>Now, enter the details such as your name, mobile number, IMEI details, device’s brand, model and invoice.</li><li>Then, you will be asked to enter the details of where you lost your smartphone. This includes the city, district, state and date.</li><li>You will also have to enter details about the police station where you have filed a complaint, the complaint number and upload a copy of the complaint.</li><li>At the end, you need to enter the details about the mobile owner, including the name, address, identity proof, and email.</li><li>To submit the complaint, enter the captcha and verify the application using an OTP.</li><li>Accept the declaration and click on “Submit”.</li></ul>Your smartphone will be blocked, and others will not be able to use it. <cmsannotation type="cmsannotation" annotationid="How to unblock your smartphone" comment="subhead" text="How to unblock your smartphone">How to unblock your smartphone</cmsannotation> Once you have found your smartphone, you can unblock it to start using it again. <ul><li>To unblock your smartphone, go to the Sanchar Saathi portal<a href="https://ceir.sancharsaathi.gov.in/Request/CeirUserUnblockRequestDirect.jsp?OWASP-CSRFTOKEN=J9UQ-6LC1-P779-OF77-NKO6-6O7M-O70O-UOZZ"> here</a>.</li><li>Enter the request ID you received while blocking your smartphone.</li><li>Enter the mobile number and reason for unblocking the smartphone.</li><li>Then, enter the captcha shown in the image and the mobile number for OTP.</li><li>Enter the OTP and click on “Submit”.</li></ul> Your mobile will be unblocked and you can start using it. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/8-things-that-google-bard-can-do-but-chatgpt-cannot/articleshow/100187360.cms">8 things that Google Bard can do, but ChatGPT cannot</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-silence-fake-calls-from-unknown-numbers-on-whatsapp/articleshow/100186824.cms">How to silence calls from unknown numbers on WhatsApp</a> <a href="https://www.businessinsider.in/tech/mobile/news/survey-reveals-three-out-of-four-indians-suffer-from-nomophobia-heres-what-it-means/articleshow/100073985.cms">Survey reveals three out of four Indians suffer from NoMoPhobia: Here’s what it means</a>

How to track and block your lost smartphones using the Sanchar Saathi portal

The much-anticipated 'make in India' <keyword id="699914" type="General" weightage="50" keywordseo="samsung-galaxy-z" source="Orion">Samsung Galaxy Z</keyword> Flip5 and <keyword id="696369" type="General" weightage="80" keywordseo="galaxy-z" source="Orion">Galaxy Z</keyword> Fold5 went on sale in India on Friday, after seeing a robust demand in the country. Over 1 lakh consumers had pre-booked the foldable devices in the first 28 hours in the country, according to the company. Starting Friday, Galaxy Z Flip5 and Galaxy Z Fold5 will be available across retail outlets as well as on <keyword id="10591" type="General" weightage="50" keywordseo="samsung" source="Orion">Samsung</keyword>.com, Amazon and Flipkart, the company said in a statement. Galaxy Z Flip5 (8GB+256GB) comes for Rs 99,999 and (8GB+512GB) for Rs 109,999. Galaxy Z Fold5 (12GB+256GB) is available for Rs 154,999, the 12GB+512GB variant for Rs 164,999 and (12GB+1TB) model for Rs 184,999. As compared to the fourth generation foldables, the South Korean giant received 1.7 times more pre-bookings for Galaxy Z Flip5 and Z Fold5. In India, pre-bookings for Galaxy Z Flip5 and Z Fold5 opened on July 27. "The new devices prove our commitment to meeting the needs of our customers through innovative technology. The success of Galaxy Z Flip5 and Galaxy Z Fold5 shows that Indian consumers are highly sensitive to new innovations," said JB Park, President and CEO, Samsung Southwest Asia. With the new foldables, Samsung aims to reach over 50 per cent market share in the country in the super-premium ($1,000 and above) segment. Galaxy Z Flip5 and Galaxy Z Fold5 come with new integrated hinge module that features a dual rail structure for diffusing external impacts. Both the foldable devices are equipped with IPX8 support, aircraft grade Armor Aluminium frames, and Corning Gorilla Glass Victus 2 applied to both the Flex Window and back cover. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a> <a href="https://www.businessinsider.in/tech/news/how-to-find-phone-numbers-registered-in-your-name-and-block-those-that-arent-yours/articleshow/100297548.cms">How to find phone numbers registered in your name and block those that aren’t yours</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-silence-fake-calls-from-unknown-numbers-on-whatsapp/articleshow/100186824.cms">How to silence calls from unknown numbers on WhatsApp</a>

'Make in India' Galaxy Z Flip5, Z Fold5 now available in India

The National Company Law Appellate Tribunal will pass its order on May 22 on petitions filed by three aircraft lessors against <keyword id="11252024" type="General" weightage="20" keywordseo="Go-First" source="Orion">Go First</keyword>'s voluntary insolvency resolution proceedings. A two-member bench headed by Chairperson Justice Ashok Bhushan on Monday reserved its order after completing the hearing on the the three petitions. The bench also asked the parties to submit additional documents, if any, in the next 48 hours. The appellate tribunal was hearing a batch of petitions filed by SMBC Aviation Capital Ltd, GY Aviation and <keyword id="17413255" type="General" weightage="80" keywordseo="sfv-aircraft-holdings" source="Orion">SFV Aircraft Holdings</keyword>. All three lessors have leased out around 21 aircraft to Go First. So far this month, several lessors have approached aviation regulator DGCA for deregistration and repossession of Go First's 45 planes. Go First stopped flying from May 3. Last week the Delhi-based principal bench of the NCLT appointed an interim resolution professional to look after the affairs of Go First and also suspended its board as part of the insolvency resolution process. SEE ALSO: <a href="https://www.businessinsider.in/sports/news/lowest-scores-in-ipl-history-rajasthan-royals-joins-the-list-with-59-runs/slidelist/100249661.cms">Lowest scores in IPL history – Rajasthan Royals joins the list with 59 runs</a> <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a> <a href="https://www.businessinsider.in/tech/news/8-things-that-google-bard-can-do-but-chatgpt-cannot/articleshow/100187360.cms">8 things that Google Bard can do, but ChatGPT cannot</a>

Go First insolvency: NCLAT to pass order on aircraft lessors' petitions on May 22

<ul><li>The Reserve Bank of India has launched a centralised portal to find unclaimed deposits.</li><li>The <keyword id="18436041" type="General" weightage="20" keywordseo="udgam-portal" source="Orion">UDGAM portal</keyword> allows citizens to find unclaimed deposits across various banks.</li><li>Here’s how you can find if there are any unclaimed deposits in your name.</li></ul>The Reserve Bank of India (<keyword id="30067" type="General" weightage="20" keywordseo="rbi" source="Orion">RBI</keyword>) has launched a centralised portal, UDGAM (Unclaimed Deposits – Gateway to Access information) to help customers find unclaimed deposits in bank accounts. The portal has been launched to help citizens easily find their unclaimed deposits across multiple banks, without having to contact each bank separately. At present, the bank has data from seven banks and the rest of the banks are expected to be added by October 15. “The launch of the web portal will aid users to identify their unclaimed deposits/accounts and enable them to either claim the deposit amount or make their deposit accounts operative at their respective banks”, the Reserve Bank of India said in its statement. <cmsannotation type="cmsannotation" annotationid="What is an unclaimed deposit?" comment="subhead" text="What is an unclaimed deposit?">What is an unclaimed deposit?</cmsannotation> An unclaimed deposit is a deposit where there has been no activity for ten years or longer. These deposits are transferred to the Depositor Education and Awareness fund maintained by the central bank and can be claimed by the respective depositor along with the applicable interest. According to the RBI, as of February 2023, the central bank had unclaimed deposits worth over INR 35,000 crore from 10.24 crore citizens. <cmsannotation type="cmsannotation" annotationid="How to use the UDGAM portal to find unclaimed deposits" comment="subhead" text="How to use the UDGAM portal to find unclaimed deposits">How to use the UDGAM portal to find unclaimed deposits</cmsannotation> You can use the UDGAM portal to find your unclaimed deposits by following the below steps – <cmsannotation type="cmsannotation" annotationid="Sign up and login" comment="subhead2" text="Sign up and login">Sign up and login</cmsannotation> <ul><li>Go to the new UDGAM portal by clicking<a href="https://udgam.rbi.org.in/unclaimed-deposits/#/register"> here</a>.</li><li>Create an account by entering details such as your phone number, name password and the captcha.</li><li>Enter the OTP that you receive and click on “Register”.</li><li>Now, login to your account by clicking<a href="https://udgam.rbi.org.in/unclaimed-deposits/#/login"> here</a>.</li></ul><cmsannotation type="cmsannotation" annotationid="Find your unclaimed deposits" comment="subhead2" text="Find your unclaimed deposits">Find your unclaimed deposits</cmsannotation> <ul><li>Now, enter the name of the account holder.</li><li>Then, click on the dropdown under “Select banks” and click on “All”.</li><li>Now, enter one of the following details – PAN, Voter ID, Driving licence number, Passport or Date of birth.</li><li>Then, click on “Search”.</li></ul> The portal will show the unclaimed deposits, if any, on your name. <cmsannotation type="cmsannotation" annotationid="How to claim unclaimed deposits" comment="subhead2" text="How to claim unclaimed deposits">How to claim unclaimed deposits</cmsannotation> Once you get an unclaimed deposit in your name, you can file an application with the relevant bank. The portal will take you to the application page of the respective bank. <cmsannotation type="cmsannotation" annotationid="Banks available on the portal" comment="subhead" text="Banks available on the portal">Banks available on the portal</cmsannotation> At present, the following banks are available on the portal – <ul><li>Central Bank of India</li><li>Citi Bank</li><li>DBS Bank</li><li>Dhanlaxmi Bank</li><li>Punjab National Bank</li><li>South Indian Bank</li><li>State Bank of India</li></ul> SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a> <a href="https://www.businessinsider.in/tech/news/how-to-find-phone-numbers-registered-in-your-name-and-block-those-that-arent-yours/articleshow/100297548.cms">How to find phone numbers registered in your name and block those that aren’t yours</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-silence-fake-calls-from-unknown-numbers-on-whatsapp/articleshow/100186824.cms">How to silence calls from unknown numbers on WhatsApp</a>

Have unclaimed bank deposits? Here’s how to find it using UDGAM portal

The founders of <keyword id="6414960" type="General" weightage="20" keywordseo="zestmoney" source="Orion">ZestMoney</keyword>, India's digital EMI financing platform, have reportedly resigned as the Goldman Sachs-backed fintech startup has failed to raise fresh capital. According to a TechCrunch report, its founders <keyword id="6632662" type="General" weightage="50" keywordseo="lizzie-chapman" source="Orion">Lizzie Chapman</keyword>, <keyword id="291941" type="General" weightage="50" keywordseo="priya-sharma" source="Orion">Priya Sharma</keyword> and Ashish Anantharaman informed employees about their decision via an email. "Over the last few weeks, we have done a lot of thinking and it has been hard for us to arrive at this conclusion. We have immense belief and faith in the potential that ZestMoney has," the founders wrote. "We will also ensure to provide full support to the incoming management team and do everything we can to support them for the next 4 months to ensure a smooth transition," they added. Chapman said that she and other founders remain shareholders in ZestMoney. The founder's decision came after a potential deal to acquire ZestMoney by leading fintech company PhonePe fell through recently. ZestMoney was valued at $445 million last year and has raised over $130 million from a range of investors, like <keyword id="2126501" type="General" weightage="50" keywordseo="ribbit-capital" source="Orion">Ribbit Capital</keyword>, Omidyar Network, PayU, Xiaomi and Alteria Capital, among others. Last month, Bengaluru-based ZestMoney laid off about 20 per cent of its workforce, which impacted nearly 100 employees. The company last year had a network of merchants with more than 10,000 online partners and 75,000 physical stores. It reported a registered user base of 17 million and was live at 85,000 retail touch-points across the country. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a> <a href="https://www.businessinsider.in/tech/news/8-things-that-google-bard-can-do-but-chatgpt-cannot/articleshow/100187360.cms">8 things that Google Bard can do, but ChatGPT cannot</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-silence-fake-calls-from-unknown-numbers-on-whatsapp/articleshow/100186824.cms">How to silence calls from unknown numbers on WhatsApp</a>

ZestMoney founders quit as fintech startup fails to raise capital

<ul><li><keyword id="790242" type="General" weightage="20" keywordseo="whatsapp" source="Orion">WhatsApp</keyword> has launched a new feature that makes it easier for users to transfer chats.</li><li>Transfer chats allow you to transfer your chats from one device to another easily.</li><li>Here’s how you can transfer your <keyword id="2941957" type="General" weightage="20" keywordseo="whatsapp-chats" source="Orion">WhatsApp chats</keyword> without using Google Drive.</li></ul> WhatsApp is one of the most used smartphone applications and is among the first apps we transfer when we shift to a new phone. Sometimes, transferring WhatsApp chats from one phone to another becomes quite difficult. There are two ways you can transfer your WhatsApp chats from one phone to another – using Google Drive or offline transfer. While it’s easier to use the Google Drive method, not everyone may be comfortable linking Google Drive to their WhatsApp account. To help these users, WhatsApp has introduced a new “Transfer chats” feature that allows you to easily transfer your WhatsApp chats without using Google Drive. <cmsannotation type="cmsannotation" annotationid="WhatsApp transfer chats feature" comment="subhead" text="WhatsApp transfer chats feature">WhatsApp transfer chats feature</cmsannotation> The WhatsApp transfer chats feature is currently available for beta users and is expected to be rolled out to all users in the coming days. Here’s how you can use the feature – <cmsannotation type="cmsannotation" annotationid="How to transfer WhatsApp chats without using Google Drive" comment="subhead" text="How to transfer WhatsApp chats without using Google Drive"><keyword id="17424857" type="General" weightage="20" keywordseo="how-to-transfer-whatsapp-chats" source="Orion">How to transfer WhatsApp chats</keyword> without using Google Drive</cmsannotation> <div type="image" title="FotoJet" msid="100270565" hostid="261" sizebytes="42782" caption="&amp;lt;p&amp;gt;WhatsApp chat transfer&amp;lt;/p&amp;gt;"></div> <ul><li>Open WhatsApp on your current smartphone, click on the three dots menu, and click “Settings”.</li><li>Now, click on “Chats” and look for “Transfer chats”.</li><li>Then, click on “Transfer chats”.</li></ul> <div type="image" title="FotoJet (1)" msid="100270620" hostid="261" sizebytes="28796" caption="&amp;lt;p&amp;gt;WhatsApp chat transfer without using Google Drive&amp;lt;/p&amp;gt;"></div> <ul><li>Now, click “Start” and allow the required permissions, such as Wi-Fi and nearby devices.</li><li>Now, install WhatsApp on your new phone and register with the same number.</li><li>Once you enter the OTP, you will be asked if you wish to transfer your chats.</li><li>Click on “Continue” and scan the QR code.</li></ul>Your chats will be transferred in a few minutes, depending on the size of the chats you have stored. SEE ALSO: <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a> <a href="https://www.businessinsider.in/tech/apps/news/how-to-silence-fake-calls-from-unknown-numbers-on-whatsapp/articleshow/100186824.cms">How to silence calls from unknown numbers on WhatsApp</a> <a href="https://www.businessinsider.in/tech/mobile/news/android-14-beta-2-announced-features-eligible-devices-and-how-to-download/articleshow/100155614.cms">Android 14 Beta 2 announced – features, eligible devices, and how to download</a>

How to transfer your WhatsApp Chats without using Google Drive

Global VC firm <keyword id="48032" type="General" weightage="80" keywordseo="blackstone" source="Orion">Blackstone</keyword> on Monday reached a definitive agreement to sell its stake in the Kerala-based software-as-a-service (<keyword id="6395918" type="General" weightage="20" keywordseo="SaaS" source="Orion">SaaS</keyword>) provider <keyword id="95627" type="General" weightage="80" keywordseo="ibs-software" source="Orion">IBS Software</keyword> to global private equity firm Apax for $450 million. Following the transaction, Apax will partner closely with <keyword id="128946" type="General" weightage="100" keywordseo="ibs" source="Orion">IBS</keyword> Software's Founder and Executive Chairman, V.K. Mathews, who will remain the majority shareholder. Founded in 1997, IBS Software provides next-generation SaaS solutions that power the most mission-critical operations at the world's leading aviation, tour and cruise, hospitality, and logistics companies. Backed by a team of 4000 professionals across the world with more than 25 years of deep domain expertise, IBS Software's scalable, cloud-native platform and demonstrated market leadership position it to define the future of mission-critical technology for the travel industry. "This investment is an endorsement of our strategy and our commitment and contribution to the industry, and we have a shared vision with Apax for the future of the business. We're grateful to the Blackstone team for their invaluable support over the years and we look forward to an exciting and fulfilling journey ahead with Apax," said Mathews of IBS Software. The transaction is expected to close by the end of Q2 2023. Blackstone acquired about 40 per cent stake in IBS Software, from <keyword id="6375561" type="General" weightage="50" keywordseo="general-atlantic" source="Orion">General Atlantic</keyword>, in 2015 for $170 million. "Having closely monitored the travel software sector over the last several years, IBS Software stood out to us as uniquely positioned in the industry, offering a next-gen software suite that we believe is truly unrivalled," said Jason Wright, Partner, Apax. Amit Dixit, Head of Asia Private Equity, Blackstone added that they are happy to have played an important role in IBS Software's transformation to a SaaS company with global leadership in travel and logistics. "IBS is already one of the largest enterprise SaaS companies out of India. Value creation at IBS Software demonstrates our business-building approach to investing and reinforces our conviction in Technology as a sectoral theme," Dixit added. SEE ALSO: <a href="https://www.businessinsider.in/sports/news/lowest-scores-in-ipl-history-rajasthan-royals-joins-the-list-with-59-runs/slidelist/100249661.cms">Lowest scores in IPL history – Rajasthan Royals joins the list with 59 runs</a> <a href="https://www.businessinsider.in/tech/news/8-things-that-google-bard-can-do-but-chatgpt-cannot/articleshow/100187360.cms">8 things that Google Bard can do, but ChatGPT cannot</a> <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a>

Blackstone sells stake worth $450 mn in Indian firm IBS Software to Apax

<ul><li>The government is reportedly looking to revamp the FAME-II scheme for <keyword id="3064658" type="General" weightage="20" keywordseo="electric-two-wheelers" source="Orion">electric two wheelers</keyword>.</li><li>The government is expected to slash the cap of subsidy on electric two wheelers from the existing 40% of the ex-factory price to 15%.</li><li>The move is aimed at providing the subsidy to a larger number of vehicles.</li></ul> The Faster Adoption and Manufacturing of Electric Vehicles (FAME) scheme was introduced by the government to promote the adoption of electric vehicles in the country by subsidising the cost of vehicles. According to a<a href="https://auto.economictimes.indiatimes.com/news/two-wheelers/e-scooters-may-get-pricier-on-proposed-subsidy-cut/100315879"> report</a> by Economic Times, the Ministry of Heavy Industries has recommended the government to slash the cap of subsidy on electric two wheelers from the present 40% to 15% of the ex-factory price. This, the officials said, will help to spread the incentive to a larger number of vehicles. The proposal will be sent to the Programme Implementation &amp; Sanctioning Committee (PISC) of FAME India which will take a final call on the implementation. <cmsannotation type="cmsannotation" annotationid="Move aimed to provide subsidy to more vehicles" comment="subhead" text="Move aimed to provide subsidy to more vehicles">Move aimed to provide subsidy to more vehicles</cmsannotation> According to officials familiar with the matter, the move is aimed at increasing the proliferation of electric two wheelers in the market. This will allow the government to provide subsidies to more vehicles with the funds available under the scheme. In addition to this, part of the subsidy allocation for three-wheelers which hasn’t been used will also be utilised for two-wheelers. “If we continue per unit subsidy at present levels, the allocation for electric two-wheelers will be exhausted in the next two months, despite raising the earmarked amount,” an official told ET. With the addition of ₹1,000 crore of unutilized funds from three-wheelers, the allocation for electric two-wheelers under the FAME-II scheme will be increased to ₹3,500 crore. Once the percentage of subsidy is lowered, we estimate that 10 lakh electric two two-wheelers can be supported by FAME India till February 2024," the official added. <cmsannotation type="cmsannotation" annotationid="Electric two wheelers may get costlier" comment="subhead" text="Electric two wheelers may get costlier">Electric two wheelers may get costlier</cmsannotation> While electric two-wheeler companies such as Ola, TVS and Ather have not commented on the proposed changes, this is expected to impact the per unit cost of scooters and may result in electric two wheelers becoming costlier. Business Insider India has reached out to Ola Electric, TVS Motor and Ather to understand the impact of the proposed changes and is yet to hear back from the companies. We will update the story once the companies respond. A<a href="https://www.businessinsider.in/business/auto/news/unpaid-subsidies-worth-1200-crore-leading-to-serious-liquidity-crisis-among-ev-makers-says-industry-body/articleshow/99589401.cms"> petition</a> sent by the Society of Manufacturers of Electric Vehicles (SMEV), an association of Indian EV manufacturers, had revealed that ₹1,200 crore worth of subsidies have been withheld by the government. This was reportedly done due to alleged violations of the localisation norms and fraudulent claiming of subsidies. Soon after this, companies like Ola and Ather<a href="https://www.businessinsider.in/business/auto/news/ola-electric-ather-to-refund-charger-cost-to-e-scooter-buyers/articleshow/99988313.cms"> announced</a> that they will refund the cost of chargers to buyers. SEE ALSO: <a href="https://www.businessinsider.in/tech/news/how-to-find-phone-numbers-registered-in-your-name-and-block-those-that-arent-yours/articleshow/100297548.cms">How to find phone numbers registered in your name and block those that aren’t yours</a> <a href="https://www.businessinsider.in/business/auto/news/unpaid-subsidies-worth-1200-crore-leading-to-serious-liquidity-crisis-among-ev-makers-says-industry-body/articleshow/99589401.cms">Unpaid subsidies worth ₹1,200 crore leading to ‘serious liquidity crisis’ among EV makers, says industry body</a> <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a>

Electric two wheelers may get costlier as government looks to revamp the FAME-II scheme

The <keyword id="6355630" type="General" weightage="50" keywordseo="securities-and-exchange-board-of-india" source="Orion">Securities and Exchange Board of India</keyword> apprised the <keyword id="6354977" type="General" weightage="80" keywordseo="supreme-court" source="Orion">Supreme Court</keyword> on Monday that the market regulator is already investigating AdGroup companies since 2016 is factually baseless. SEBI has filed a rejoinder affidavit in response to a petition relating to <keyword id="191733" type="General" weightage="80" keywordseo="hindenburg" source="Orion">Hindenburg</keyword> Research's report on the <keyword id="6367820" type="General" weightage="80" keywordseo="adani-group" source="Orion">Adani Group</keyword>. SEBI had sought an extension to conclude the investigation in the report by US short-seller Hindenburg Research by a period of six months. The top court on Friday orally remarked that they will extend the time for the probe to SEBI, but not for six months and they can extend the time for the probe by three months. Petitioners had alleged that SEBI was probing the <keyword id="76451" type="General" weightage="100" keywordseo="adani" source="Orion">Adani</keyword> Group since 2016. SEBI told the SC that the investigation done earlier by SEBI pertains to the issuance of Global Depository Receipts ("GDRs") by 51 Indian listed companies, in respect of which investigation was conducted. SEBI submitted before the Supreme Court that no listed company of Adani Group was part of those 51 companies it was investigating. "Pursuant to the completion of the investigation, appropriate enforcement actions were taken in this matter. Hence, the allegation that the Securities and Exchange Board of India ("SEBI") is investigating Adani since 2016 is factually baseless. I, therefore, say and submit that reliance sought to be placed on the investigation pertaining to GDRs is wholly misplaced," SEBI said in a rejoinder affidavit. SEBI submitted before Supreme Court that in the context of an investigation into Minimum Public Shareholding ("MPS") norms, SEBI has already approached eleven overseas Regulators under the Multilateral Memorandum of Understanding ("MOU") with the International Organization of Securities Commissions ("IOSCO"). Various requests for information were made to these Regulators. The first request to overseas Regulators was made as early as October 6, 2020, and SEBI apprised the court. SEBI submitted before the Supreme Court that the application for extension of time filed by SEBI is meant to ensure carriage of justice keeping in mind the interest of investors and the securities market since any incorrect or premature conclusion of the case arrived at without full facts material on record would not serve the ends of justice and hence would be legally untenable. SEBI has informed Supreme Court that in respect of the investigation and examination relating to 12 transactions referred to in the Hindenburg Report, prima facie it is noted that these transactions are highly complex and have many sub-transactions across numerous jurisdictions and a rigorous investigation of these transactions would require collation of data/information from various sources including bank statements from multiple domestic as well as international banks, financial statements of onshore and offshore entities involved in the transactions and contracts and agreements, if any, entered between the entities along with other supporting documents. On March 2, the apex court directed the capital market regulator SEBI to investigate any violations of securities law by the Adani Group in the wake of the Hindenburg report, which led to a massive wipeout of more than USD140 billion of the Adani Group's market value. Supreme Court, on March 2, set up an expert committee on the issue arising from the Hindenburg Research report on Adani Group companies. The committee will consist of six members, headed by former apex court judge Justice AM Sapre. The top court had then asked SEBI to file a status report within two months. The apex court was then hearing petitions pertaining to the Hindenburg report, including on the constitution of a committee relating to regulatory mechanisms to protect investors' interests. The January 24 Hindenburg report alleged stock manipulation and fraud by the conglomerate. The Adani Group has attacked Hindenburg as "an unethical short seller", stating that the report by the New York-based entity was "nothing but a lie". A short-seller in the securities market books gains from the subsequent reduction in the prices of shares. SEE ALSO: <a href="https://www.businessinsider.in/finance/news/fii-inflows-may-remain-consistent-in-may-with-turn-in-rate-cycle/articleshow/100234813.cms">FII inflows may remain consistent in May with turn in rate cycle</a> <a href="https://www.businessinsider.in/tech/news/heres-how-googles-new-ai-updates-will-transform-your-search-experience/articleshow/100242791.cms">Here’s how Google’s new AI updates will transform your search experience</a> <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a>

SEBI investigating Adani since 2016 is factually baseless, regulator tells SC

<ul><li>Analysts are bullish on <keyword id="42747" type="General" weightage="100" keywordseo="tata-motors" source="Orion">Tata Motors</keyword> thanks to robust performance by the car maker’s British subsidiary, Jaguar Land Rover.</li><li><keyword id="45218" type="General" weightage="80" keywordseo="jlr" source="Orion">JLR</keyword> expects its wholesale volumes to rise 25% in FY24, and its debt to reduce to £2 billion from the existing £3 billion.</li><li>Tata Motors’ domestic businesses also delivered margin expansion, with its net debt falling to ₹6,200 crore in FY23, the lowest in 15 years.</li><li>Robust performance across segments also helped the company declare its first dividend since FY16.</li></ul>Tata Motors is driving in top gear, thanks to a strong performance by its British subsidiary Jaguar Land Rover (JLR) alongside robust execution across segments in its domestic business. It topped street estimates with a <a href="https://www.businessinsider.in/business/auto/news/tata-motors-posts-net-profit-of-5408-crore-in-q4-beats-estimates/articleshow/100189259.cms">consolidated net profit of ₹5,408 crore in Q4</a> and analysts expect the momentum to continue in the new financial year aided by multiple tailwinds. Tata Motors’ robust numbers in the March quarter were aided by JLR’s performance – the UK-based luxury car maker posted free cash flow of £815 million during the quarter. JLR accounts for 80% of Tata Motors’ consolidated revenue, so its strong performance has a large impact on Tata Motors’ performance. In addition, Tata Motors’ domestic business also delivered an improvement in margins across segments, helping the company post its highest-ever consolidated revenue of ₹1.06 lakh crore in Q4, registering a growth of 35% on year. “Tata Motors executed a strong show across key verticals in Q4 FY23 with commercial vehicles earnings before interest, taxes, depreciation and amortisation (EBITDA) margins crossing the 10% mark after 4 years and JLR delivering a strong £815 million free cash flow,” said the analysts at Motilal Oswal. Tata Motors declared a dividend of ₹2 per ordinary share, its first since FY16. The Indian business’ net debt stood at ₹6,200 crore in FY23, which is the lowest in 15 years. The street also celebrated its earnings as its shares rose by 4% hitting a fresh 52-week high of ₹537 a piece before closing at ₹531. <cmsannotation type="cmsannotation" annotationid="The JLR boost" comment="subhead" text="The JLR boost">The JLR boost</cmsannotation> Analysts expect Tata Motors to gain more momentum going forward, thanks to JLR’s healthy order book, softening commodity prices and sustained free cash flow generation. JLR’s volumes surged to 1.07 lakh units in Q4, rising by 20%. In a post-earnings call, the luxury car maker said that its current order book stands at 2 lakh units, and that the overall demand outlook remains healthy. Of this, 1.5 lakh orders are for high-margin cars like the Range Rover, Range Rover Sport and Defender. The company has planned a ramp up of capacities during FY24, with capital expenditure budgeted at £3 billion, up from £2.35 billion in FY23. Overall, JLR is targeting volumes of 4 lakh units in FY24 which is a growth of 25% when compared to FY23’s volumes of 3.21 lakh units. Thanks to improving margins and volumes, JLR is aiming to reduce its debt to £2 billion from £3 billion during FY24, with a target of becoming net debt free in FY25. Not just this, JLR is also the dominant industry player in the electric passenger vehicle space in its home market, UK, with a market share of over 80%. “Demonstrated capability in newer technologies in the commercial vehicle space and pricing discipline across industry to aid aspiration of double-digit margins ahead,” said analysts at ICICI Direct. <cmsannotation type="cmsannotation" annotationid="Margins expand in domestic businesses too" comment="subhead" text="Margins expand in domestic businesses too">Margins expand in domestic businesses too</cmsannotation> Tata Motors’ commercial and passenger vehicle segments witnessed margin expansion in the March quarter – while the commercial vehicle segment delivered a 420 basis point margin expansion YoY to 10.1%, the passenger vehicle segment reported a 40 basis point increase to 7.3% in this period. Going forward, the company expects to touch double-digit margins and a sustained free cash flow generation. “Tata Motors should witness a healthy recovery as supply-side issues ease (for JLR) and commodity headwinds stabilise (for the India business),” said the analysts at Motilal Oswal. <cmsannotation type="cmsannotation" annotationid="Analysts bullish" comment="subhead" text="Analysts bullish">Analysts bullish</cmsannotation> Analysts are broadly bullish about Tata Motors’ growth prospects in FY24, thanks to lower input costs and JLR’s focus on capacity expansion as well as investments in the electric vehicle (EV) space. “Firmer commitment towards EV by JLR with an accelerated investment plan of £15 billion spend over the next five years will be one of the key triggers for future price performance,” ICICI Direct said. The brokerage added that it expects the company’s revenue to grow at a 20.1% compounded annual growth rate over FY23-25. “It will benefit from the commercial vehicle upcycle and stable growth in passenger vehicles, company-specific volume/margin drivers, and a sharp improvement in free cash flow as well as reduction in net debt in both JLR and the India businesses,” the Motilal Oswal report said, explaining its bullish outlook. Overall, brokerages affirmed their bullish outlook, raising their target prices to an average of ₹623, which is an upside of 17% from the current share price of ₹531. <div type="javascript" title="Custom" contenttype="Text"><cdata><![CDATA[]]></cdata></div> SEE ALSO: <a href="https://www.businessinsider.in/finance/news/fii-inflows-may-remain-consistent-in-may-with-turn-in-rate-cycle/articleshow/100234813.cms">FII inflows may remain consistent in May with turn in rate cycle</a> <a href="https://www.businessinsider.in/tech/news/heres-how-googles-new-ai-updates-will-transform-your-search-experience/articleshow/100242791.cms">Here’s how Google’s new AI updates will transform your search experience</a> <a href="https://www.businessinsider.in/tech/mobile/news/how-to-track-and-block-your-lost-smartphones-using-the-sanchar-saathi-portal/articleshow/100242116.cms">How to track and block your lost smartphones using the Sanchar Saathi portal</a>

You Searched For "Sanchar Saathi" and got 11 results

How to find phone numbers registered in your name and block those that aren’t yours

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How to track and block your lost smartphones using the Sanchar Saathi portal

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Go First insolvency: NCLAT to pass order on aircraft lessors' petitions on May 22

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ZestMoney founders quit as fintech startup fails to raise capital

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How to transfer your WhatsApp Chats without using Google Drive

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Blackstone sells stake worth $450 mn in Indian firm IBS Software to Apax

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Electric two wheelers may get costlier as government looks to revamp the FAME-II scheme

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SEBI investigating Adani since 2016 is factually baseless, regulator tells SC

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Tata Motors in top gear, JLR to drive growth in FY24

Rounak Jain

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