Space Activities Bill, space policy in final stages: ISRO chief : Bulletin: Business Today
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Space Activities Bill, space policy in final stages: ISRO chief

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July 6, 2020

Nokia-owner HMD Global bets on Finnish lineage, focusses on security in India market
HMD Global, which sells Nokia brand of mobile phones, is betting on its Finnish lineage and focus on security to succeed in the Indian market where it competes against rivals like Xiaomi, Samsung and others. The company, whose lineup includes both smartphones and feature phones, also sees resilience in the Indian market and said sales numbers are inching towards those in pre-COVID time. Industry watchers say brands like Samsung, Nokia and domestic handset makers like Lava could see higher sales amid anti-China sentiments in the country and calls for boycotting Chinese products from certain sections.

I-T dept amends TDS forms to make it more comprehensive
The income tax department has amended the TDS form, making it more comprehensive and mandating deductors to state reasons for non-deduction of tax. As per the amended form, banks will also have to report Tax Deducted at Source (TDS) for cash withdrawals above Rs 1 crore.

Space Activities Bill, space policy in final stages: ISRO chief
The space policy and the Space Activities Bill are in the final stages, Indian Space Research Organisation (ISRO) Chairman K Sivan said, days after the government opened up the space sector for private players. A dedicated policy for space and legislation on space activities has been under works for some time now. But with the government allowing the private sector, these have now got traction.

Reliance plans to up aviation fuel stations by 50 per cent
Billionaire Mukesh Ambani's Reliance Industries Ltd (RIL) plans to increase its network of aviation fuel stations by 50 per cent as it looks to capture greater market share in the business currently controlled by public sector oil retailing firms. In its latest annual report, RIL said the double-digit growth observed over 52 consecutive months might have been stalled due to the COVID-19 pandemic, but India continues to be one of the fastest growing aviation markets in the world for the fifth consecutive year.

Buffet's Berkshire Hathaway to purchase Dominion Energy's gas assets for $4 billion
Berkshire Hathaway Inc said its energy unit will buy Dominion Energy Inc's natural gas transmission and storage network for $4 billion, helping billionaire Chairman Warren Buffett reduce his conglomerate's cash pile while letting Dominion focus on utilities operations. The transaction announced on Sunday includes more than 7,700 miles (12,390 km) of natural gas transmission lines and 900 billion cubic feet of gas storage.

Scientists claim COVID-19 is airborne, ask WHO to amend rules
Hundreds of scientists say there is evidence that novel coronavirus in smaller particles in the air can infect people and are calling for the World Health Organization (WHO) to revise recommendations, the New York Times reported on Saturday. The WHO has said the coronavirus disease spreads primarily from person to person through small droplets from the nose or mouth, which are expelled when a person with COVID-19 coughs, sneezes or speaks.

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