by PTI News | Mar 23, 2022 | 10:41 pm | News
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) [...]
by PTI News | Mar 23, 2022 | 10:31 pm | Corporate Action, News
Gandhinagar, Mar 23 (PTI) Members of the ruling BJP and the opposition Congress on Wednesday engaged in a heated debate in the Gujarat legislative Assembly over the issue of a revised power purchase agreement signed by a state-run utility with Adani Power.Congress MLAs raised anti-BJP slogans in the House and accused the ruling party of [...]
by PTI News | Mar 23, 2022 | 10:24 pm | Corporate Action, News
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 [...]
by PTI News | Mar 23, 2022 | 10:17 pm | News
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 [...]
by PTI News | Mar 23, 2022 | 10:06 pm | Economy, News
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 [...]
by PTI News | Mar 23, 2022 | 9:48 pm | Economy, News
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, [...]
by PTI News | Mar 23, 2022 | 9:17 pm | Corporate Action, News
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 [...]
by PTI News | Mar 23, 2022 | 9:03 pm | Corporate Action, News
New Delhi, Mar 22 (PTI) Triveni Turbine on Wednesday said that its arm Mis Triveni Turbines DMCC has inked an agreement to acquire 70 per cent equity of TSE Engineering in South Africa for 11.9 million South African rand (around Rs. 6.17 crore). "Our wholly-owned subsidiary Mis Triveni Turbines DMCC has signed an agreement for [...]
by PTI News | Mar 23, 2022 | 8:58 pm | News
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 [...]
by PTI News | Mar 23, 2022 | 8:51 pm | News
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. [...]
by PTI News | Mar 23, 2022 | 8:46 pm | News
New Delhi, Mar 23 (PTI) The Central Board of Indirect Taxes & Customs (CBIC) has issued a standard operating procedure for the scrutiny of GST returns for financial years 2017-18 and 2018-19, the first two years of the roll-out of the new taxation regime. "Till the time a module for online scrutiny of returns is [...]
by PTI News | Mar 23, 2022 | 8:37 pm | News
New Delhi, Mar 23 (PTI) The commerce ministry will extend the existing foreign trade policy (FTP) for some more months beyond March 31, Union minister Piyush Goyal said on Wednesday. Last year in September, the government extended the Foreign Trade Policy 2015-20 till March 31, 2022, due to the COVID-19 pandemic. The present policy came [...]
by PTI News | Mar 23, 2022 | 8:31 pm | Economy, News
London, Mar 23 (PTI) Chancellor of the Exchequer Rishi Sunak tabled the UK’s Spring Statement, or the country’s one of two annual fiscal statements, on Wednesday amid high inflation and price rises and announced measures such as a drop in the basic rate of income tax, a cut in fuel duty and doubling support for [...]
by PTI News | Mar 23, 2022 | 8:29 pm | Economy, News
New Delhi, Mar 23 (PTI) NCP leader Supriya Sule on Wednesday slammed the government over the raids by investigating agencies on industrialists and claimed that several restrain themselves from speaking openly about issues bothering them."Industry has to be supported, but actually they do live in fear. Everyday you read about somebody getting raided," she said, [...]
by PTI News | Mar 23, 2022 | 8:26 pm | Commodity Prices, News
New Delhi, Mar 23 (PTI) The government is in continuous dialogue with exporters to address the problems and challenges that are emerging due to the ongoing Russia-Ukraine war and could lead to some kind of disruption in trade, Commerce and Industry Minister Piyush Goyal said on Wednesday. He said that there are challenges of commodity [...]
by PTI News | Mar 23, 2022 | 8:02 pm | News
Mumbai, Mar 23 (PTI) Investment banking firm Singhi Advisors has hired senior executives from Tata Capital, Tech Mahindra and KPMG for various leadership positions to strengthen its teams at Delhi and Mumbai offices. While Himanshu Parmar has been roped in from Tata Capital's private equity division as a director in the Mumbai head office, Satyaroop [...]
by PTI News | Mar 23, 2022 | 7:58 pm | Economy, News
Mumbai, Mar 23 (PTI) Domestic banks' share in the overall commercial credit has plunged to a low of 34 per cent in FY2021 from 56 per cent in FY2011 partly due to the pandemic and more because companies are moving away from banks for funds, says a report. The share of non-banks in the commercial [...]
by PTI News | Mar 23, 2022 | 7:34 pm | News
New Delhi, Mar 23 (PTI) Around 23.8 per cent of children use smartphones while they are in bed before going to sleep and 37.15 per cent of children have experienced reduced levels of concentration due to smartphone use as per a study, Parliament was informed on Wednesday. Minister of State for Electronics and IT Rajeev [...]
by PTI News | Mar 23, 2022 | 7:09 pm | News
New Delhi, Mar 23 (PTI) Packaged coffee products maker Rage Coffee on Wednesday said it has secured funding from former Indian cricket team captain Virat Kohli, who has also been roped in as its brand ambassador. The city-based startup, however, did not disclose the amount of investment made by Kohli.The company said it plans to [...]
by PTI News | Mar 23, 2022 | 6:49 pm | Commodities, News
New Delhi, Mar 23 (PTI) The government has issued 270 notices since January 2021 to e-commerce players for violation of provisions related to country of origin, and over Rs 56 lakh have been collected as compounding fees from such online companies, Parliament was informed on Wednesday. In a written reply to the Lok Sabha, Minister [...]
