How global giants are betting on India's spending power
Thursday May 16, 2013
Inbound M&A into India totals $9.86 billion this year, the highest in Asia, pointing to growing confidence among overseas firms in the potential of a 1.2 billion-strong consumer market.
Government starts moves for conciliatory settlement with Vodafone
Tuesday May 14, 2013
Within a day of Kapil Sibal taking charge, the Law Ministry on Tuesday gave its nod to a conciliatory out-of-court settlement of over Rs 11,000 crore tax dispute with British telecom major Vodafone.
Verizon Wireless to pay parents surprise $7 billion dividend
Reuters | Tuesday May 14, 2013
The dividend comes amid mounting speculation Verizon could buy Vodafone's stake in the venture if they can agree on a price.
Kapil Sibal overturns Ashwani Kumar's decision on Vodafone tax liability
Tuesday May 14, 2013
On his first day in office, newly-appointed Law Minister Kapil Sibal has overturned his predecessor Ashwani Kumar's decision on the Vodafone tax liability issue and has given a go ahead for the matter to be resolved through conciliation.
Vodafone ordered by consumer forum to pay Rs. 25,000 to consumer
Press Trust of India | Monday May 13, 2013
Vodafone asked to pay for failing to stop unsolicited commercial communications.
Taxmen call on WNS; slap tax demands of about Rs 557 crore
Sunday May 12, 2013
After Vodafone, Nokia and Shell, WNS is the latest MNC that has come under the tax scanner on transfer pricing issue and the outsourcing major has demands of additional tax of about Rs 557 crore on income and with regard to acquisition of UK-based Av...
Piramal says looking to exit Vodafone investment next year
Friday May 10, 2013
Piramal owns an 11 per cent stake in Vodafone India Ltd, which is the country's second-biggest phone carrier. Piramal had bought the stake in two stages for a total of about Rs 5900 crore.
Vodafone approaches Delhi High Court against government's decision not to renew its licences
Press Trust of India | Friday May 10, 2013
The government can extend the period of licence by 10 years at one time if the request is made by the operator during the 19th year of the licence period.
Finland seeks negotiated settlement of Nokia tax dispute
Wednesday May 8, 2013
The income tax department had slapped a tax notice of Rs 2,000 crore on Nokia's Indian subsidiary for violating the withholding tax norms since 2006 while making royalty payments to the parent company in Finland.
Vodafone, Aircel and Idea non-copliant with billing standards, says TRAI
Press Trust Of India | Tuesday May 7, 2013
TRAI report noticed that faulty billings by telecom operators for post-paid services increased to 5.68 percent.
Some Verizon investors ok with paying premium for Vodafone stake
Monday May 6, 2013
Some shareholders of Verizon Communications Inc say they could be happy for the company to pay up to $130 billion for Vodafone Group Plc's stake in their U.S. wireless venture.
Bharti sees comfort in price trend even as profit sinks
Thursday May 2, 2013
Top Indian mobile carrier Bharti Airtel's subscriber growth and usage trends along with easing competition suggest the worst may be over for the industry, even as the firm recorded its thirteenth consecutive quarter of falling profits.
Bharti Airtel Q4 profit halves to Rs 509 crore, stock falls
Thursday May 2, 2013
Bharti Airtel, the world's fourth-biggest cellular carrier by customers, said net profit fell to Rs 509 crore for its fiscal fourth quarter to end-March from Rs 1,006 crore reported a year earlier.
BlackBerry launches low-cost plan in 15 circles across India
Press Trust of India | Wednesday May 1, 2013
The monthly plan of Rs. 129 for 1GB of data would be available on the network of Aircel, Idea Cellular and Vodafone.
Reliance Jio, Vodafone, others to construct Bay of Bengal Gateway submarine cable system
Press Trust of India | Tuesday April 30, 2013
The BBG cable system is designed to provide upgradable and transmission facilities by adopting the state-of-the-art 100 Gbps technology.
