Exchange online- The WinRM client cannot process the request because the server name can not be resolved

After running command to connect O365 remote powershell for Exchange, getting following error

PS C:\Users\sas\Desktop> Import-PSSession $(New-PSSession -ConfigurationName
 Microsoft.Exchange -ConnectionUri https://ps.outlook.com/powershell -Authentica
tion Basic -AllowRedirection -Credential $(Get-Credential))



cmdlet Get-Credential at command pipeline position 1
Supply values for the following parameters:
Credential

[ps.outlook.com] Connecting to remote server failed with the following error me
ssage : The WinRM client cannot process the request because the server name can
not be resolved. For more information, see the about_Remote_Troubleshooting Hel
p topic.
    + CategoryInfo          : OpenError: (System.Manageme....RemoteRunspace:Re
   moteRunspace) [], PSRemotingTransportException
    + FullyQualifiedErrorId : PSSessionOpenFailed
Import-PSSession : Cannot validate argument on parameter 'Session'. The argumen
t is null. Supply a non-null argument and try the command again.
At line:1 char:17
+ Import-PSSession <<<<  $(New-PSSession -ConfigurationName Microsoft.Exchange
-ConnectionUri https://ps.outlook.com/powershell -Authentication Basic -AllowRe
direction -Credential $(Get-Credential))
    + CategoryInfo          : InvalidData: (:) [Import-PSSession], ParameterBi
   ndingValidationException
    + FullyQualifiedErrorId : ParameterArgumentValidationError,Microsoft.Power
   Shell.Commands.ImportPSSessionCommand




Resolution:

Check for DNS resolution, via command prompt

Nslookup ps.outlook.com and see it is resolving or not

If Proxy is set, each time when you are running remote powershell for Exchange, run the below command to set the proxy
C:\> netsh winhttp set proxy IPaddress:Port

Eg:
C:\> netsh winhttp set proxy 172.16.1.30:8080