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Uber Refutes Reports Of Exiting India Market, May Sell India Business

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Uber on Thursday refuted a report that claimed the ride-hailing major planned to exit the Indian market and held discussions with potential buyers to sell its India business.

Bloomberg reported that the US-based company explored selling the India business, but “suspended discussions after tech startup valuations cratered.”

In a statement shared with IANS, an Uber spokesperson said the company never explored exiting India — not even for a minute — and the report is “categorically false.”

“India is as important to Uber today as it was when we launched nine years ago. We are serving riders and drivers across more than 100 cities, hiring Indian talent aggressively, and planning for the next decade and beyond,” the company spokesperson said.

Uber competes with SoftBank-backed Ola in the country.

Uber CEO Dara Khosrowshahi said in April that it will expand its product offerings and its team in India.

“We continue to expand the product offerings for the Indian consumer. Whether it is autos, motos or high-capacity vehicles or rentals, India has always been a very big part of the Uber journey,” he said during the Virtual i3 summit organized by Times Bridge.

Uber aims to expand its engineering talent in India to more than 1,000 people from 700 at present, he had announced.

Last month, Uber India’s Director of Central Operations, Nitish Bhushan, said that they are “always striving to make driving with Uber a viable and attractive option for drivers and the recent hike in fares will directly boost their earnings per trip”.

To remove frustration for riders and drivers alike, the company is also showing trip destinations to drivers before they decide to accept the ride.

“Drivers at the Uber advisory council meeting told us they would like more flexibility around payments. We are now showing drivers the mode of payment (cash or online) before the trip starts,” the company said.

To make the cash or online decision irrelevant, the company has also introduced a daily pay process for drivers.

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With these changes, the company said that they are also reinforcing their service quality expectations with drivers, especially in areas like cancellation and ensuring AC rides.

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Income Tax Department issues disclosure requirements related to crypto

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The Income Tax Department has informed the disclosure requirements regarding TDS deduction for Virtual Digital Assets (VDA). In this, the date of transfer and mode of payment will have to be mentioned. From next month, tax deducted at source (TDS) of 1 per cent will be levied on VDA or cryptocurrencies for payments exceeding Rs 10,000 in a year. For this provision was made in this year’s Finance Act.

Ahead of the implementation of the new provision, the Central Board of Direct Taxes (CBDT) has notified certain amendments to the Income Tax rules relating to filing of TDS returns in Form 26QE and Form 16E. It states that the TDS collected has to be deposited within 30 days from the end of the month in which it is deducted. Neeraj Agarwala, Partner, Nangia Andersen LLP said that in order to submit Form 26QE, individuals belonging to a particular category have to provide details such as the date of transfer of VDA, its value, mode of payment or exchange for any other VDA.

The central government says that it is not considering giving any exemption in TDS of 1 percent on transfer of virtual digital assets. People associated with the crypto industry had raised the demand for exemption in TDS. Finance Minister Nirmala Sitharaman had said that no hasty decision will be taken regarding the law related to crypto. The Reserve Bank of India (RBI) last year asked for a ban on cryptocurrencies. The government says that it will not ban this segment completely. A law for effective tax administration of Virtual Digital Assets (VDA) is likely to be enacted soon. The Central Board of Direct Taxes (CBDT) has been entrusted with the responsibility of making guidelines for VDAs. This will also clarify the definition of VDA. The Finance Ministry did not provide further details about the crypto tax reforms.

CBDC can be launched in the country in this financial year. This will enable people to get more payment options. Work is underway to launch a CBDC in many other countries. Its trial has been started in some countries. RBI has said that CBDC will be linked to the existing monetary policy as well as payment systems.

(This news has not been edited by NDTV team. It has been published directly from Syndicate feed.)

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Iain Sinnott appointed as Head of International Carrier Sales, Enreach for Service Providers

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Sophia Antipolis, France, 23 June 2022 – Enreach for Service Providers, part of Enreach — the fast-growing European contact leader backed by the independent investment group, Waterland Private Equity (“Waterland”) — has today announced the appointment of Iain Sinnott as Head of International Carrier Sales, Enreach for Service Providers. Sinnott joins this part of Enreach to lead the growth and continued collaboration with the international carrier community, both fixed and mobile, including partners expanding beyond pure telephony into other contact services, such as integration with collaboration and other ICT tools.

Sinnot brings over thirty years of senior-level experience in the telecom industry and has also been a board member of the Cloud Communications Alliance since 2020. Sinnott’s focus will be to help legacy players and new market entrants guide their customers through digital transformation, including better customer experiences, improved productivity, support for hybrid working, and intuitive mobile business operations.

Iain Sinnott

Sinnott explained why he chose to join the organisation: “What sets Enreach apart is its clear strategy around its vision of integrating multiple forms of contact, supported by a powerful portfolio of solutions already being rolled out across the region. The group’s modern product approach reflects users’ real-world needs today, with access to so many forms of contact: voice, chat, video, and more.”

Sinnott continued, “Enreach also has the right attitude towards working with carriers. We are not just selling technologies: we are sharing a strategy and need to work closely with each other to deliver products that end users will actually want to use. We also want to work more closely with the channel from pre-sale to point-of-sale and post-sale support.”

Bertrand Pourcelot, Managing Director of Enreach for Service Providers, added, “We are delighted to welcome Iain to our team of senior sales directors. He is an excellent fit with his enthusiasm, entrepreneurial energy, passion for products and people, as well as extensive insider knowledge of service providers globally. Enreach is on course to make a difference in this market.”

As well as seven years as Sales Director at Vanilla IP and VP, Sales at UBOSS, Sinnott was previously, Head of Indirect Sales at Timico Ltd, and Head of Indirect Sales at Martin Dawes. In addition, Sinnott has provided extensive consultancy services to various telecom industry organizations over the years.

NOTE TO THE EDITORS

About Enreach
Enreach is a European UCaaS and CCaaS leader with a strong presence in the United Kingdom, the Netherlands, Germany, Spain, Denmark, Finland and the Baltic States. Enreach provides collaboration technology and telecom services through its resellers, service provider partners and direct channels. All operations contribute to intelligent, integrated IT and communication solutions that ensure optimal communication and workflow between organizations. Enreach’s mission is to give companies access to the best communication and collaboration tools with a simple, user-centric interface built around their specific needs and systems. The group’s products place powerful features within reach of all companies, regardless of industry or size, so their employees can focus on getting great things done. Enreach operates in over 25 countries and has over 1,100 employees working in 25 different European offices.

For more information about Enreach, please visit: www.enreach.com

Press contact
Ambrose Communications
Maxine Ambrose
E mail: maxineambrose@ambrosecomms.com
Tel: +44 7785 280930

Enreach for Service Providers
Karine Merouze
International Marks Manager
E-Mail: karine.merouze@enreach.com
Tel: +33 49 723 1265


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Ahead of iPhone 14 launch, Patna High Court issues tender to buy iPhone 13 Pro for all judges | Technology News

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New Delhi: The Patna High Court, on Tuesday (June 21), issued a tender to procure iPhone 13 Pro for all judges. The court is inviting interested suppliers or authorized dealers to submit a price, inclusive of Goods and Service Tax and service charges, for the 256GB variant of the iPhone 13 Pro smartphone. The firms submitting their quotations are asked to submit their GST number, PAN, AADHAR, email and a registered mobile number while submitting the quotations.

“Sealed quotations are invited from the reputed firms/ authorized dealers / suppliers / service providers for supply of Apple iPhone 13 Pro (256 GB) for the Hon’ble Judges of this Court,” the tender notice read. (ALSO READ: Amul MD hospitalised after road accident in Gujarat, sustains minor injuries)

“Headquarters/ office of the firm/ shop must be located in Patna,” the tender notice pointed out. (ALSO READ: Samsung Australia fined $9.7 million over false water-resistance claims)

The officer-on-special-duty released the notice on behalf of the Patna High Court for the purchase of the iPhone 13 Pro smartphones. According to the notice, the final decision to accept or reject any or all quotations will be taken by the court.

Courts will make no payment in advance. Also, the bids will have to be submitted within a week. Additionally, after submitting a duplicate bill, funds will be transferred via bank (CFMS method), according to the letter.

Currently, Patna High Court has a sanctioned strength of 53 judges. However, as of June 1, 2022, the total number of working judges stand at 27. The strength is all set to increase to 36 with the Central government recently notifying the appointments of nine more judges to the bench.

The court has also noted that the supplier will also have to remain available for maintenance of the smartphones as and when required. It also pointed out in the notice that the firms or suppliers will have to replace the defective materials immediately within the warranty period, free of cost.


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