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Mindset of revenue authorities continues to be unfriendly at times:  ICEA chairman

New Delhi, Mar 23 (PTI) More needs to be done for improving ease of doing business, especially change in the mindset of revenue authorities which continue to be unfriendly at times, a top official of mobile phone industry body said on Wednesday. During a panel discussion at Convergence India, India Cellular and Electronics Association (ICEA) [...]

Indigenous 4G, 5G tech to be deployed in BSNL network by August 15: C-DoT official

New Delhi, Mar 23 (PTI) A TCS-led consortium with C-DoT has developed indigenous 4G and 5G network technologies which will be deployed in BSNL network by August 15, a top official of the government-run telecom research firm, said on Wednesday. Speaking at the Convergence India event, Centre for Development of Telematics (C-DoT) Executive Director Rajkumar [...]

Tata’s Nelco, Omnispace sign pact for direct-to-device satcom in South Asia

New Delhi, Mar 23 (PTI) Tata group satellite services firm Nelco and US-based Omnispace have signed a strategic cooperation agreement to enable and distribute 5G non-terrestrial network, direct-to-device satellite services. This agreement with Omnispace will allow Nelco to expand its services by including 5G satellite direct-to-device connectivity solutions to its portfolio of satcom services for [...]

India exports cross USD 400 bn milestone in FY22

New Delhi, Mar 23 (PTI) The country's exports for the first time crossed the USD 400 billion mark in a fiscal on healthy performance by sectors such as petroleum products, engineering, gems and jewellery, and chemicals, according to the commerce ministry's data released on Wednesday. The merchandise exports rose by by 37 per cent to [...]

ICAI opposition to proposal to penalise firms for partners’ misconduct unfounded: Par Panel

New Delhi, Mar 23 (PTI) A Parliamentary panel on Wednesday termed as "unfounded" chartered accountants' apex body ICAI's opposition to the proposal to penalise firms for repeated misconduct of its partners and also endorsed the changes proposed by the government with respect to the constitution of disciplinary committees. In its report on 'The Chartered Accountants, [...]

CCI clears Blackstone, TPG buying stakes in Busybees Logistics

New Delhi, Mar 23 (PTI) Competition Commission of India (CCI) has approved the proposed stake acquisitions by Blackstone and TPG in Busybees Logistics Pvt Ltd. Busybees is engaged in the business of providing logistics and delivery solution services in the country under the brand name 'Xpressbees'. In separate releases on Wednesday, CCI said it has [...]

Business briefs

Zomato dissolves its step down subsidiary in Canada * New Delhi, Mar 23 (PTI) Online food delivery platform Zomato on Wednesday said it has dissolved its step down subsidiary located in Canada. Zomato Canada Inc., a step down subsidiary of Zomato, has been dissolved with effect from March 22, 2022, the company said in a [...]

Nepal and India organise global entrepreneurship conclave to support start-ups

Kathmandu, Mar 23 (PTI) The governments of Nepal and India on Wednesday organised the third edition of an international entrepreneurship conclave here to support innovative start-ups. The conclave was inaugurated by Minister for Information and Communication Gyanendra Bahadur Karki, who was also the chief guest. India’s Ambassador to Nepal Vinaya Mohan Kwatra was also present. [...]
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