Business

MADRID: Spanish telecom firm Telefonica has hired Societe Generale and Greenhill to sell the submarine cable business of its infrastructure unit Telxius as part of its wider divestment plan, Cinco Dias newspaper reported on Monday.The sale of the submarine cable business would be followed by other corporate operations around Telxius, the newspaper reported.Telxius will operate 100,000 kilometres of submarine cable globally by 2021, according to its website.A Telefonica spokesman declined to comment. Neither Societe Generale nor Greenhill were immediately available for comment.Telefonica has been looking for ways to lighten its debt burden. Chief Operating Officer Angel Vila said last month that Telxius would "contemplate all possible alternative strategies for its underwater-cable unit". … [Read more...] about Telefonica hires banks to sell submarine cable business : Cinco Dias

The Central Board of Indirect Taxes & Customs (CBIC), an arm of the DoR, is taking several measures to check tax evasion through fake invoices, a second official said. “One such move is verifying business activities of all such entities that have been granted deemed GST registration,” he said. … [Read more...] about Businesses get 4 months to implement QR code-based payment system

“Last year in ten days, all of us made Rs 5,000 by selling at a bazaar. We miss those times. Now also we do have the stock but no bazaars are being held. One of the benefits of the lack of access to physical markets is that we learned about the possibilities of online sales and payment transfers. … [Read more...] about Covid-19 impact on women-led micro business widens socio-economic gap: Survey

"It is actually beyond my expectation. All the visitors have gone through COVID-19 test. And I did not expect that so many people attend this expo. Well, you can see the crowd now. And we are nearly out of stock currently," said Kalina Wong, an online distributor for Nabati, adding that they got "a new interested party that wants to be our retailer" on the second day of the expo. … [Read more...] about Spotlight: Asian businesses eye deeper penetration into Chinese market through China-ASEAN Expo, cross-border e-commerce

A. You may opt for Presumptive Tax Scheme for Professionals under section 44ADA of the Act if your profession is eligible under the scheme and gross receipts are less than ₹50 lakh. As on date, the following professions are notified viz. interior decoration, technical consulting, engineering, accounting, legal, medical, architecture. … [Read more...] about ASK US