Search Result for : Telecommunications

The Dollar Business Bureau The government has levied a customs duty of 10% on the imports of static converter for cellular mobile phones such as USB cables. Until now, these goods were exempted from the purview of basic customs duty. The term 'static converter for cellular mobile phones' is used for phone charging cables that can be used for accessing and transferring handset data to a laptop, computer, tablet or TV. The Revenue Department, in a notification (no.67/2017-Customs, dated July 14, 2017), said, “The Central Government, on being satisfied that it is necessary in the public interest so to do, hereby amends that……exempt goods would include “static converters for automatic data processing machines and units thereof, and telecommunication apparatus, other than static converters ...

The Dollar Business Bureau  Telecommunication conglomerate Verizon concluded the $4.5 billion deal of Yahoo’s takeover on Tuesday, ending the web company’s 21-year history as an independent entity. The deal also brings to an end the  5-year rule of Yahoo’s CEO Marissa Mayer, who is not joining the new company. She will take a compensation package presently worth around $127 million that includes severance pay and stock awards which will be fully conferred with the completion of deal. The properties of Yahoo including its email, finance and Tumblr will be joined with AOL, which Verizon purchased in 2015. The joint corporate entity covering over 50 media, advertising and technology brands will now be called Oath. The new entity will be led by Tim Armstrong, the former ...

The Dollar Business Bureau Malaysia’s Minister of International Trade and Industry Datuk Seri Mustapa Mohamed said that in the last decade, Malaysian firms have created a strong presence in Indonesia in major sectors such as banking, construction, plantation, energy, toll-road and telecommunications. He said while referring to a roundtable business meeting, co-chaired by himself and Eko Putro Sandjojo, a Minister in the government in charge of facilitating Malaysian investments in Indonesia, where Malaysian firms expressed their keenness to continue to play a major role in the socio-economic growth of Indonesia. The roundtable meeting was the first joint discussion between the two countries with maximum number of high-profile government and business delegates. “The huge participation from Malaysian companies at the event indicated their keen interest to keep doing ...

Sourced from Press Information Bureau The Eighteenth Session of India-Sweden Joint Commission for Economic, Industrial and Scientific Cooperation (JCEC) was held in New Delhi on May 17, 2017.  The Indian delegation led by Nirmala Sitharaman, and the Swedish delegation led by Ann Linde, Minister for Trade and EU Affairs, Ministry for Foreign Affairs, expressed their satisfaction that considerable substance and contents had been added to bilateral relations during the last 2 years and reiterated their mutual desire and commitment to further strengthen the existing trade and investment relations and all-round bilateral cooperation.  The deliberations at the JCEC meeting provided an excellent opportunity to review the current state of ongoing cooperation in diverse fields such as Trade and Investment, Sustainable Urban development, Micro Small ...

The Dollar Business Bureau  After reports of Softbank's plan to buy into the Vodafone-Idea merger hit Indian new sites, the Japanese giant responded by calling the media reports 'unsubstantiated' and 'baseless'. Dismissing the news of its involvement in the telecom merger, Softbank denied any participation.  "We would like to categorically deny SoftBank's participation in the alleged Vodafone-Idea Cellular merger in India. We underline that we have held no such discussions and media reports about the same are baseless and unsubstantiated," Softbank said in a written statement.  The telecom firm from Tokoyo, which has aggressively invested in tech ventures all over the world, following the e-commerce boom in 2000s, also has investments worth $2 billion in India. Snapdeal, India's highly discounted e-retailer; Ola, a cab service provider; Oyo, a new player in hospitality industry providing hotel ...

The Dollar Business Bureau Nokia Networks, a wholly-owned subsidiary of Nokia Corporation, is in discussion with telecommunications operators in India to begin trials of fifth-generation (5G) networks even as the country is still in the phase to fully roll out the 4G technology-based mobile data and voice services. The Finland-based telecommunications equipment company is already testing 5G networks with international telecom majors such as Verizon of the US, SK Telecom of Korea and NTT Docomo of Japan. While speaking at an event on Tuesday, Milivoj Vela, Head - Mobile Broadband, Nokia Networks, said that this next generation 5G technology will assure delivery of 100 megabit per second (mbps) speed at homes and will be capable to handle thousand ...

Sai Nikesh | The Dollar Business Foreign Direct Investments (FDI) in various sectors saw a negative trend in the first two months of the current fiscal year. In services sector, the inflow has declined 15% to $488 million during the first two months of the current fiscal, as compared to the figure of the same period of last year. “FDI in services sector has dipped, but it should not be a major cause of concern as overall FDI inflows in April-May 2015 period has touched $7.5bn, which is roughly 30% more than what we received last year during the same period,” Sanjay Budhia, Co-Chairman, CII National committee on International Trade Policy& Exports, told The Dollar Business. He said that the definition of ...

The Dollar Business Bureau The President of India, Pranab Mukherjee, on Friday, pitched on the need for improving infrastructure facilities in Information and Communication Technologies (ICT)-enabled services across the country. Stating that Wi-Fi services could be rolled out in public places across the country, both in urban and rural India, the President called upon the concerned authorities to ensure availability of infrastructure for Internet and ICT-enabled services across the country and use it in a systematic manner. The President was speaking after the inauguration of 24 Hot Spots with 30 Wi-Fi access points in the President’s Estate on Friday. Speaking further, the President informed that India stands at 89th position in Network Readiness Index and countries like Singapore, Finland and ...