Reliance Jio Infocomm Ltd (RJIL), a subsidiary of Jio Platforms Limited, on Wednesday announced that it has paid Rs 30,791 crore (including accrued interest) to the Department of Telecom towards prepayment of the entire deferred liabilities pertaining to spectrum acquired in auctions of years 2014, 2015, 2016 and the spectrum acquired in the year 2021 through […]
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Telangana invites Tesla CEO Elon Musk for setting up units in state
Telangana Industry and Commerce Minister KT Rama Rao has made a strong pitch to Elon Musk for setting up units in India saying he would be “happy to partner Tesla in working through the challenges”. Rama Rao’s response came in reply to a tweet from Tesla Founder and CEO Elon Musk a couple of days back in which […]
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Truecaller to acquire Israeli App CallHero
Truecaller, the leading global platform for verifying contacts and blocking unwanted communications, has entered into an agreement to acquire the Israeli company CallHero (www.getcallhero.com). CallHero has developed a unique technical solution for both Android and iPhone, with an AI-enabled assistant. CallHero’s assistant can answer calls for you in a natural language, […]
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20 employees of Samsung Electronics who visited CES tested positive for Covid-19
About 20 executives and employees of Samsung Electronics who visited the US have been tested positive for COVID-19. According to the industry on the 11th, about 20 employees of Samsung Electronics who attended the ‘CES 2022,’ world’s largest electronics and IT exhibition held in Las Vegas, the US from the 5th to the 7th, have been […]
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Digital payments without the internet: All you need to know
If someone is in a rural area and doesn’t have any cash or internet access, he can still buy something or make a transaction of up to Rs 200 using their mobile phone or wallet. This is now feasible, as the Reserve Bank of India (RBI) announced a framework on […]
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LG Electronics welcomes Samsung’s re-entry the OLED TV market
LG Electronics said that it welcomed the possibility that its competitor Samsung Electronics could re-enter the OLED market. It is analyzed that LG Electronics showed their strong confidence over OLED TV competition as it has led the market over the past 10 years. Park Hyung-se, head of LG Electronics' HE business division, held a conference call and said, “We have not […]
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Nirmala Sitharaman : GST on textiles will not be increased from 5 per cent to 12 percent
Union Finance Minister Nirmala Sitharaman on Friday said the Goods and Services Tax (GST) Council has decided to defer the decision to increase tax on textiles from 5 per cent to 12 percent. The decision to maintain a status quo on the GST rate on textiles was taken in an […]
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Tech Mahindra to acquire 100% stake in US-based Allyis Group
IT major Tech Mahindra on Friday announced that the company approved the proposal to acquire 100% equity shares in Allyis India Private Limited and the company’s wholly-owned subsidiary viz., Tech Mahindra (Americas) Inc approved the proposal to acquire 100% equity shares in Green Investments LLC. Allyis India Pvt Ltd and Green […]
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DGGI rubbishes reportd regarding Jain’s tax payments
The Directorate General of GST Intelligence (DGGI) on Thursday rubbished the report regarding Peeyush Jain’s proposal of paying Rs 52 crore as tax dues, saying the report is “purely speculative” and “without any basis”. In the context of ongoing investigations by the Directorate General of GST Intelligence in the case […]
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IT Minister Ashwini Vaishnaw welcomes Intel to India
Union Minister for Electronics and Information Technology Ashwini Vaishnaw welcomed Intel–a US-based tech giant and chipmaker– to India after Intel Foundry Services president Dr Randhir Thakur congratulated the minster over the central government’s decision on design and manufacturing of semiconductor chips in India. “Intel – welcome to India,” tweeted Union Minister. The minister was replying to a tweet by Thakur congratulating India over incentives […]
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Tesla to restrict built-in gaming features in cars following safety agency probe: Reports
Tesla will modify features allowing people to play video games using a built-in touch screen during the ride following the US National Highway Traffic Safety Administration (NHTSA) investigation, media reported on Friday. On Wednesday, NHTSA said it opened investigations against electric carmaker Tesla’s models that offered games on a front touch screen over fears that the feature […]
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Japan complains about delayed projects in India
Many investment projects in India have been delayed, and support of the Indian government is vital to restore them, Japan’s vice-minister for economy, trade and industry said on Wednesday. Japan’s Vice Minister for International Affairs, Ministry of Economy, Trade and Industry, Hirose Naoshi at the CII Partnership Summit said that […]
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2-day bank strikes hit Banking and ATM services
Employees of several public sector banks, including State Bank of India (SBI), Punjab National Bank (PNB), and Bank of Baroda, are on a two-day strike starting Thursday to protest against the proposed privatization of the state-run lenders. United Forum of Bank Unions (UFBU), an umbrella body of nine bank unions […]
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Netflix new subscription rates reduced by 60%
Video streaming platform Netflix on Tuesday reduced its monthly subscription rates by up to 60% in India. The streaming giant wants to woo Indian viewers amid growing competition in the OTT(over-the-top) space in the country. Netflix has been a premium offering since its launch in India in 2016. And it’s […]
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SECI inks world’s largest green power purchase deal with Adani
Solar Energy Corporation of India (SECI) has signed an agreement to purchase 4,667 MW of green power from Adani Group. This is the world’s largest green power purchase agreement. Adani Green Energy Limited (AGEL), a part of the diversified Adani Group, has signed a Power Purchase Agreement (PPA) with the government-run SECI, the company said in […]