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Space sector startups involved in satellite manufacturing, launch vehicle operations and component manufacturing are set to gain from the latest amendments to the foreign direct investment (FDI) rules for India’s space sector as they will help them tap global pools of capital to expand local manufacturing and production capacity, firms and experts told ET.Pranav Roach, president, Hughes Network Systems India Ltd, expects the latest FDI announcements to accelerate momentum in the satellite sector, especially in attracting…

CERT-In, India's national Computer Emergency Response Team, has issued a high-risk alert concerning users of Google Chrome, emphasizing the urgent need for action…

In response to critical security concerns, India's Computer Emergency Response Team (CERT-In) has issued a high-risk alert for users of Google Chrome, urging immediate action to mitigate potential threats. The advisory, released recently, highlights multiple vulnerabilities in the desktop version of Google Chrome that could be exploited by remote attackers to execute arbitrary code on targeted systems.High-risk alert for Google Chrome usersAccording to CERT-In, these vulnerabilities impact Google Chrome versions prior to…

The Nigerian government on Thursday said it is interacting with critical sectors to ensure there was no exportation of Liquified Petroleum Gas (LPG), also known as cooking gas. The government said this is part of its effort to tackle the rise in the price of cooking gas in the country. Ekperikpe Ekpo, Minister of State for Petroleum Resources (Gas), disclosed this at an internal stakeholders’ workshop in Abuja on Thursday, according to a statement signed by Oluwakemi Ogunmakinwa, deputy director of press and…

The government has asked social media intermediary X (formerly Twitter) to block certain accounts and posts on its platform, the company said. Failure to do so would result in “potential penalties including significant fines and imprisonment,” the company’s global government affairs team said in a post on the platform.“In compliance with the orders, we will withhold these accounts and posts in India alone; however, we disagree with these actions and maintain that freedom of expression should extend to these posts,” the…

The Nigerian government has blocked the online platforms of Binance and other crypto firms to avert what it considers continuous manipulation of the forex market and illicit movement of funds. Sources within the major telecommunication companies in the country told PREMIUM TIMES Wednesday evening that the Nigerian Communications Commission (NCC) communicated the directive to telcos and they had started acting on it. Apart from Binance, other platforms such as Forextime, OctaFX, Crypto, FXTM, Coinbase, Kraken,…

The government on Wednesday eased Foreign Direct Investment (FDI) norms in the space sector with an aim to attract overseas players and private companies into the segment. The decision was taken at the Cabinet meeting chaired by Prime Minister Narendra Modi. Now, the satellite sub-sector has been divided into three different activities with defined limits for foreign investment in each such sector, according to an official statement. Elevate Your Tech Prowess with High-Value Skill CoursesOffering CollegeCourseWebsiteIIM…

The presidential candidate of the Labour Party in the 2023 elections, Peter Obi, has called on the federal government to urgently address the impact of inconsistent customs duties on businesses in Nigeria. In a post on X, a microblogging platform, Mr Obi highlighted how arbitrary and ever-increasing charges are creating a hostile business environment for business owners. He noted that a crucial issue being faced by importers who base their calculations on a specific exchange rate at the initiation of importation…

Reported By: Sharad PandeyLast Updated: February 21, 2024, 15:45 ISTThe ministry of road transport and highways has issued an order on this matter. (Representational image/PTI)All the work at the RTO happens through the Parivahan and Sarathi portals. From January 31 to February 12, both these portals were not working due to technical snags. Because of this, the renewal of learner's, driver's, and conductor's licences could not be done onlineIf your learner’s licence or driving licence has expired or if you were trying to…

The Natural Oil and Gas Suppliers Association of Nigeria (NOGASA) on Tuesday urged the Nigerian government to put an end to the receipt of payments for all petroleum products in US dollars. This, the association said, is part of measures to address the continued rise in prices of petroleum products in the country. Benneth Korie, the president of NOGASA, disclosed this at a press briefing in Abuja on Tuesday. He explained that most Nigerians have adopted dollars as their main currency of exchange and trading while…