GOVERNMENT LICENSE
No more licensed biz, Paytm to focus on distribution model
Digital payments major Paytm wants to stay away from getting into any regulated businesses and would rather focus on building distribution heft. The senior leadership have taken a conscious call to not go after regulatory licenses but rather work with licenced entities and distribute products better.
Amara Raja inks licensing pact with GIB EnergyX for Li-ion cells technology
Amara Raja Advanced Cell Technologies Pvt Ltd signed a licensing agreement with GIB EnergyX Slovakia s.r.o. for Gotion's 'LFP technology' for lithium-ion cells.
Shachindra Nath on expectations from the upcoming Budget
With respect to the budget expectation, as we think, industry have represented a few policy changes. First is on SARFAESI, as HFCs have no limit on the SARFAESI limit, NBFC have Rs 20 lakh, so that has been requested that they should be allowed to have full coverage when it comes to secured loan.
Insurgency in J&K: BJP’s Abhijeet Jasrotia demands issuing of new gun licenses and renewal of old ones
Following the surge in militancy activities in J&K province, BJP’s spokesperson Abhijeet Jasrotia demanded the issuing of new gun licenses and renewal of old ones. Abhijeet Jasrotia said “The government need to renew the old gun license and issue n...
Govt issues guidance paper to strengthen vaccine companies' reporting of adverse events
The new report released last week aims to provide guidance to the manufacturers and importers of vaccines in the country so as to strengthen their AE/AEFI (adverse events following immunisation) monitoring and reporting and pharmacovigilance department to ensure patient safety.
GetVantange invested in over 750 companies, mostly consumer facing firms in FY24
GetVantage, founded in late 2019, has funded 1,500 companies with a combined GMV of $900 million across categories ranging from B2B SaaS, subscription businesses, D2C, eCommerce, edtech, healthtech, cloud kitchens, and nutrition, among others.
- Go To Page 1
New driving license rules coming into effect from June 1. Check details
New driving license rules effective from June 1 allow tests at private training centres instead of RTOs, with fines for speeding ranging from Rs 1000 to Rs 2000.
Rajkot Gaming Zone Fire kills 35: Investigation uncovers cause of accident
The investigation into the Rajkot gaming zone fire that killed 35 people reveals significant negligence and illegal operations by the management. Operating without a No Objection Certificate (NOC) in a residential area, the facility stored hazardous materials and lacked proper safety protocols. Several officials are untraceable, further complicating the issue. The state government and a Special Investigation Team (SIT) have promised thorough investigations and justice for the victims.
Telecom infrastructure sharing may spur gear sharing too, experts say
The current scenario could change with Telecom Regulatory Authority of India (Trai) recommending creating a separate category under the unified license for Digital Connectivity Infrastructure Provider (DCIP) authorisation. "...the proposed DCIP authorisation holder may create both active and passive digital connectivity infrastructure and share it with other TSPs and has to pay no license fee to the government," Trai said in its recommendations last month.
Interim stay on order suspending manufacture of 14 Patanjali drugs: Official
An interim stay has been placed on the implementation of an order suspending manufacturing licenses for over a dozen medicines produced by Patanjali Ayurved Ltd and Divya Pharmacy. The stay follows a preliminary inquiry report from a high-level committee, stating that the suspension order was illegal and should not have been issued in the manner it was. The firms challenged the suspension order issued last month by the Uttarakhand state licensing authority, citing a lack of adherence to established legal procedures.
Govt to come out with detailed guidelines for investment under EV policy
The government, through the Ministry of Heavy Industries, is creating detailed guidelines for companies seeking investments under the electric-vehicle policy. The guidelines will cover duty concessions, setting up manufacturing units, and incentives for auto firms applying under the policy.
Govt extends oil exploration licensing bid deadline to July 15
The Centre extended the deadline for submitting bids in the latest auctions of oil and gas exploration licences managed by the Directorate General of Hydrocarbons (DGH). Multiple deadline extensions in recent bidding rounds aim to attract more investors. In the first round, Vedanta was the top winner of licences.
India to begin producing 'T100' carbon fibre in 2.5 years: V K Saraswat
India is set to start manufacturing T100 type carbon fibre within the next 2.5 years, aiming to overcome import restrictions limiting its use in strategic applications. T100 carbon fibre finds applications in defence, aerospace, civil engineering, and more, including hydrogen cylinders, missiles, and bulletproof jackets. The initiative involves collaboration between Bhabha Atomic Research Centre (BARC), Hindustan Aeronautics Limited (HAL), and Mishra Dhatu Nigam Limited (MIDHANI) to promote indigenous production and address licensing challenges faced by foreign nations.
Chennai local body announces strict rule for pet dogs after Rottweilers maul 5-year-old: Read new rules here
In response to a recent Rottweiler attack on a five-year-old girl in a Chennai park, the Greater Chennai Corporation has imposed stricter pet regulations. Dogs must now be leashed and muzzled in public parks, with only one allowed per owner. A pet license is mandatory, ensuring compliance. Meanwhile, the injured child, Sudaksha, undergoes treatment, with the Corporation covering expenses. Investigations are ongoing into the incident.
"This is Modi Ji's 5G mega scam..." says AAP MP Sanjay Singh on request of centre on 2G spectrum case
AAP's Sanjay Singh accuses PM Modi of a '5G mega scam,' prioritizing friends over the nation. Singh criticizes Modi for favoring friends, influencing spectrum license allocation, and appointing his nephew as BCCI chairman. The case involves allegations, court rulings, and parliamentary decisions.
Elon Musk's Starlink one step away from getting greenlit in India with in-principle govt nod
The Telecom Ministry has granted an in-principle approval to Elon Musk's Starlink for satellite communications services in India, ahead of Musk's visit to the country. The approval follows almost three-and-a-half years of deliberation and awaits final vetting by the Home Ministry. Once approved, Starlink will receive a Global Mobile Personal Communication by Satellite (GMPCS) license, a crucial step for offering satellite communication services in India.
From claiming a COVID cure to receiving an anonymous letter: The unfolding of the Patanjali case
The Supreme Court has criticized the Uttarakhand authorities for failing to act against Patanjali Ayurved, founded by Ramdev and Balkrishna. Rejecting apologies from the duo, the court questioned the consumption of Patanjali medicines for incurable diseases. The timeline includes the launch of Coronil, a claimed COVID-19 treatment, and subsequent controversies. The court's scrutiny follows a petition by the Indian Medical Association against Patanjali's misleading advertisements, highlighting the importance of truthfulness in healthcare claims.
Patanjali misleading ads case: SC refuses Ramdev's apology again, warns Uttarakhand State Licensing Authority of strong action
The apex court also cracked the whip on the Uttarakhand State Licensing Authority for choosing to turn a blind eye to the misleading advertisements. It asked all the officers who had served as district ayurvedic and unani officers from 2018 till now to file affidavits within two weeks, explaining their inaction against Patanjali Ayurved.
Patanjali ads case: 'We will rip you apart': SC slams Uttarakhand State Licensing Authority over inaction
The apex court said the Authority remained in "deep slumber" and there was a clear attempt by it to "pass the buck" and somehow delay the matter despite it being informed about the misleading advertisements.
Delhi HC accepts Reliance Ent's profit sharing undertaking for Netflix film 'Amar Singh Chamkila'
Reliance had offered an undertaking – the commitment includes the deposit of a fixed commission of 2% from the licensing fee, to be deducted from the final tranche Reliance receives from Netflix, and 50% of the profits generated by the film Amar Singh Chamkila, Justice Sanjeev Narula said in his order last week.
Kill Joy: Licensing issues disrupt digital content consumption
Eight years ago, when global streaming services like Netflix and Prime Video arrived in India, they promised access to a vast and continuously expanding content library. The “digital video-on-demand” branding created an unrealistic expectation that the content would be universally and permanently available. Over the years, snippets from popular international shows circulating on social media have only fuelled the craving for diverse content. Ironically, this very desire has now shattered the illusion of seamless access as licensing-led curbs increasingly constrain users trying to watch anything and everything in the cloud.
US continues monitoring India's restrictions on ICT imports, raises concerns on digital trade barriers
The United States has expressed ongoing concerns about India's restrictions on the import of certain information and communications technology (ICT) products, including laptops, tablets, and servers. In its National Trade Estimate Report on Foreign Trade Barriers for 2024, the US Trade Representative highlighted issues such as politically motivated content takedown requests and complex customs procedures in India.
Monitoring ICT import restrictions, rising content takedown requests since 2021: USTR
In its National Trade Estimate Report on Foreign Trade Barriers 2024, the US Trade Representative (USTR) said: “Since 2021, US firms have been subject to an increasing number of takedown requests for content and user accounts related to issues that appear politically motivated”.
ITLF asks Kuki-Zo to not comply with orders of depositing licensed arms ahead of Lok Sabha polls
ITLF in a statement said, “The state government attempt to view the current dispensation based solely on election related matter and thus issuing order for submission of weapons to arms license holders at jurisdictional police station may not serve appropriate considering the plight and uncertainty we are facing, This will only invite more controversy and insecurity that will rightly offend the Kuki-Zo people”.
Wait for M2M critical services definition likely to get longer
The telecom industry is worried that any further delay in defining critical services would lead to security implications as currently most of the M2M communications, including in power and infrastructure sectors, are happening on non-licensed spectrum with no security parameters, putting such networks at risk.
Mukhtar Ansari gets life sentence in 36-year-old fake arms license case
Mukhtar Ansari, a notorious criminal-turned-politician, received a life sentence from the Varanasi court for charges including forgery and conspiracy to acquire a double-barrel gun license in 1986. This marks his eighth conviction since September 2022. Ansari, currently in Banda jail, faces a total of 61 criminal cases. Notably, he was sentenced to five-and-a-half years in December and 10 years in April 2023 for various offenses.
Shillong Teer: The 'traditional archery gambling' that dodges GST target
Shillong Teer, a traditional archery gambling game in Meghalaya, has escaped the tax net despite falling under the 28% GST tax bracket. The game is controlled by over a thousand retailers with turnovers of less than Rs 20 lakh, exempting them from taxes. However, the government is looking to regulate the game to prevent counterfeit coupons. In neighboring Assam, the police have been conducting raids against illegal Teer counters.
Centre notified mineral auction rules to cap upfront payments
In a recent development, the central government has introduced new revisions to the Mineral auction rules. These changes aim to ensure transparency and fair competition in the bidding process. According to the revised rules, the upfront payment for mineral auctions will now be capped at Rs 500 crore.
Load More
