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US to extend licence for its firms to continue business with Huawei: Report
Posted on 16th November 2019
The Trump administration is set to issue a two-week extension of a licence allowing U.S. companies to continue doing business with China's Huawei Technologies Co Ltd, two sources familiar with the deliberations said.

The extension of around two weeks is far shorter than the prior 90-day extension and a longer extension is in the works but has not yet been finalised due to regulatory hurdles, said one source who was briefed on the matter.

After adding Huawei to an economic blacklist in May citing national security concerns, the U.S. Commerce Department has allowed it to purchase some American-made goods in a move aimed at minimising disruption for its customers, many of which operate networks in rural America.

The extension will be announced on Monday, when the earlier reprieve is set to expire, the sources said, declining to be identified as the extension has not been publicly announced.

A spokesman for Huawei, the world's biggest maker of telecom network equipment, said the company does not comment on rumors and speculation. The Commerce Department declined to comment.

Commerce Secretary Wilbur Ross told Fox Business Network on Friday that some rural carriers need the temporary licenses and are dependent on Huawei for 3G and 4G networks.

"There are enough problems with telephone service in the rural communities - we don't want to knock them out. So, one of the main purposes of the temporary general licenses is to let those rural guys continue to operate," Ross said.

The development comes amid discussions between the United States and China aimed at coming to an initial agreement to resolve a trade war that has lasted for over a year.

In blacklisting Huawei, the U.S. government said it had a "reasonable basis to conclude that Huawei is engaged in activities that are contrary to U.S. national security or foreign policy interests". Huawei has repeatedly denied the accusations.

Attorney General William Barr said on Thursday Huawei and ZTE Corp "cannot be trusted," as he backed a proposal to bar U.S. rural wireless carriers from tapping an $8.5 billion government fund to purchase equipment or services from them.

In May, President Donald Trump also signed an executive order declaring a national emergency and barring U.S. companies from using telecommunications equipment made by companies posing a national security risk. The Commerce Department was due to draw up an enforcement plan by mid-October but has yet to publish one.

The Commerce Department is also considering whether to grant individual licenses for U.S. firms to sell components to Huawei after receiving more than 200 requests.

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IT raids in Delhi, Jaipur in tax evasion case against Rajasthan group
Posted on 13th July 2020
The Income Tax Department is conducting searches in four cities, including Delhi and Jaipur, in connection with a tax evasion case against a Rajasthan-based jewellery group, officials said on Monday.

They said the raids have been launched early morning in Delhi, Jaipur, Mumbai and Kota.

YES Bank declines for second straight day, slips 17% on heavy volumes
Posted on 13th July 2020
Shares of YES Bank extended their decline itnto second straight day, down 17 per cent to Rs 21.20 in the intra-day trade, on the BSE on Monday on the back of heavy volumes after the bank on Friday fixed floor price for its proposed follow-on public offer (FPO) at Rs 12 per share and a cap of Rs 13 per unit. In the past two trading days, the stock has tanked 20 per cent from a level of Rs 26.65 on the BSE.

Indiscipline will not be tolerated, says Rajasthan Congress chief Avinash Pandey
Posted on 13th July 2020
With the political logjam in Rajasthan continuously intensifying, the ruling Congress in the state has made it clear that it will not tolerate any indiscipline in the party.

The statement comes as the crucial Congress Legislature Party meeting is underway.

Sachin Pilot likely to be sacked from Congress but won't join BJP: Sources
Posted on 13th July 2020
With the political developments in Rajasthan intensifying after Deputy Chief Minister Sachin Pilot revolted against the Ashok Gehlot led government, the Congres party is likely to sack the former as the president of Rajasthan Congress.

Raghuveer Meena likely to be appointed as new Congress state president in place of Sachin Pilot, sources quoted by Zee News claimed.

Coronavirus Outbreak: With 28,701 cases in a day, India's COVID-19 tally tops 8.78 lakh; death toll 23,174
Posted on 13th July 2020
As the coronavirus cases in India continue to spread rapidly, India is now just behind the United States and Brazil in terms of the total confirmed cases as it already overtook Russia to take the third spot in the list of worst-hit nations in the world affected by the coronavirus disease (COVID-19). It is, therefore, also the biggest epicenter of the coronavirus disease pandemic in Asia.

With over 28,800 new cases reported in the last 24 hours, India's COVID-19 count on Monday crossed the 8.78 lakh-mark, while the death toll has crossed the 23,000-mark as well.

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