The Union government on Thursday extended the term of Telecom Regulatory Authority of India (TRAI) chairman R.S. Sharma till September 2020. His term was to end this week. As per the government notification, he will remain in post till September 30, 2020, when he turns 65.
U.S. retail major Walmart may approach Indian authorities seeking withholding tax certificates for determining the tax liability in the $16 billion Flipkart buyout deal.
The Reserve Bank of India’s direction to Paytm Payments Bank restraining it from adding new customers came after the RBI found that the bank had violated licencing norms by outsourcing the decision making on whether an account should be opened or not to business correspondents.
A committee set up by the Securities and Exchange Board of India (SEBI) has recommended giving the capital market watchdog direct powers to intercept phone calls for better investigation while strengthening the regulations to act against perpetrators of financial statements fraud.
The Centre has asked telecom service providers to explore possible ways to block mobile applications such as Facebook and WhatsApp “as per the provisions of the IT Act, 2000.”
These are the kind of chips that India always wanted, but could not make. Now, computer scientists and a student team from the IIT- Madras have developed the first of a family of six industry-standard microprocessors.
Debt-ridden Reliance Communications is looking to complete the sale of its business assets worth ₹25,000 crore by the end of this month and has also agreed to pay ₹550 crore towards settlement to telecom gearmaker Ericsson by September-end.
Japanese conglomerate SoftBank Group said its operating profit has jumped over 49% in the June quarter, helped by its sale of shares in Indian e-commerce firm Flipkart.
The UIDAI on August 5 said vested interests used Google’s “inadvertent” act on its helpline number to create fear about and tarnish the image of Aadhaar while emphasising that a number stored in contact list cannot steal data from a mobile phone.
Amazon and Walmart face an online shopping nightmare in India. The pair have committed more than $21 billion to the local scene, with most of that coming from the U.S. supermarket giant, which in May agreed to buy leader Flipkart.