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Union Budget 2015: FM to set limit for taxing indirect share transfer by MNCs

Feb 16, 2015 at 21:48 | Source: FirstPost

Government is likely to define in the forthcoming budget the term 'substantial value' to tax MNCs for selling Indian operations by fixing 50 percent of their total asset base as the threshold.Seeking to bring about clarity in taxation of indirect tra...

Budget 2015: Industry lobbies hard for tax sops, duty cuts

Feb 16, 2015 at 19:16 | Source: FirstPost

As the Budget day approaches, various sectors are lobbying hard for tax benefits and duty cuts while a few others want the government to ensure a stable and predictable taxation regime.The groups and consultants lobbying for MNCs want the government,...

India aims to amend arbitration law to lure foreign investors

Feb 11, 2015 at 02:45 | Source: FirstPost

NEW DELHI (Reuters) - India plans to amend its arbitration law, setting time limits for courts and easing judicial rules to decide corporate disputes, as it seeks to attract more foreign investment, Law Minister Sadananda Gowda said on Tuesday.Many d...

Naveen Chopra appointed as Chief Operating Officer, Vodafone India

Feb 10, 2015 at 20:20 | Source: FirstPost

Vodafone India has announced that Naveen Chopra, Director Vodafone Business Services (VBS) will succeed Sunil Sood as Chief Operating Officer for Vodafone India with effect from April 1, 2015. This follows the earlier announcement of Sunil Sood to su...

Vodafone appoints Naveen Chopra as Chief Operating Officer

Feb 09, 2015 at 15:56 | Source: FirstPost

New Delhi: Vodafone India today announced the appointment of Naveen Chopra as Chief Operating Officer with effect from 1 April 2015.Chopra, currently Director - Vodafone Business Services (VBS), will succeed Sunil Sood, who will be the MD and CEO of ...

FM Jaitley hints at reform packed Budget to boost growth

Feb 06, 2015 at 14:23 | Source: FirstPost

Mumbai, Feb 6 (PTI) Ahead of the Budget, Finance Minister Arun Jaitley today hinted at more reforms for faster economic growth and rationalisation of expenditure, saying the government does not believe in living on borrowed money.The statement comes ...

BT to buy mobile firm EE for £12.5bn

Feb 05, 2015 at 22:16 | Source: BBC

Telecoms group BT has paid £12.5bn to buy mobile operator EE. The takeover creates a communications giant covering fixed-line phones, broadband, mobile and TV. The stock market greeted the move by sending BT shares up more than 5%, the highest sinc...

Sky to launch UK mobile phone service

Feb 05, 2015 at 22:16 | Source: BBC

Pay-TV firm Sky is launching a mobile phone service next year in partnership with O2's Spanish parent Telefonica. Sky will use Telefonica UK's wireless network, enabling the satellite broadcaster to offer mobile voice and data services for ...

SKS to Vodafone: Microlenders, telcos may emerge as banks to serve poor

Feb 05, 2015 at 19:25 | Source: FirstPost

There were too many takers to wear the hat of a tiny banker when the deadline to apply for small finance and payments banks licences expired at the close of business hours on 2 February at Mint Street. A total of 113 companies have applied with the R...

Earnings: Vodafone Q3 revenue rises 18 percent on high data growth

Feb 05, 2015 at 19:25 | Source: FirstPost

New Delhi: Riding on high demand for mobile internet services, the Indian arm of British telecom major Vodafone today reported 17.7 percent rise in revenue, highest growth rate across its markets, raking up over 1.1 billion pounds during the quarter ...

Earnings: Vodafone Q3 revenue rises 18% on high data growth

Feb 05, 2015 at 17:33 | Source: FirstPost

New Delhi: Riding on high demand for mobile internet services, the Indian arm of British telecom major Vodafone today reported 17.7 percent rise in revenue, highest growth rate across its markets, raking up over 1.1 billion pounds during the quarter ...

Tech Mahindra, Videocon, Biyani: Check out who else applied for small bank, payment bank licences

Feb 05, 2015 at 08:30 | Source: FirstPost

Mumbai - The Department of Post, Tech Mahindra, Videocon Group and stock exchange NSE have joined big corporates like Ambanis and Birlas to seek entry into bankingbusiness through newly created niche category of payments and small finance banks.NRI b...

Vodafone says applied for India payments bank permit

Feb 04, 2015 at 00:45 | Source: FirstPost

MUMBAI (Reuters) - Vodafone Group Plc's Indian unit said on Tuesday it had applied to the country's central bank for a permit to operate a payments bank, which are aimed at bringing basic banking services within the reach of millions.Vodafone India L...

RIL, Aditya Birla Group, Airtel, Future Group jump into fray for payment bank licences

Feb 03, 2015 at 07:40 | Source: FirstPost

New Delhi: Big corporate houses including RIL, Aditya Birla Group, Airtel and Future Group have joined the race for payment bank licence while a number of entities have also applied for setting up small finance banks.The deadlines for seeking both ki...

Ambanis, Birlas, Mittals join the race for bank licenses

Feb 02, 2015 at 21:37 | Source: FirstPost

New Delhi: Big corporate houses including RIL, Aditya Birla Group, Airtel and Future Group have joined the race for payment bank licence while a number of entities have also applied for setting up small finance banks.The deadlines for seeking both ki...

Vodafone says it paid Rs 22,300 cr to public finances in India in FY14

Jan 30, 2015 at 21:15 | Source: FirstPost

New Delhi: British telecom major Vodafone today said its Indian arm has contributed over 2.2 billion (about Rs 22,300 crore) to public finances, including taxes, for financial year ended 31 March 2014. "In 2013-14 our direct and indirect contrib...

India's FDI increased by 26% in 2014: UN

Jan 30, 2015 at 16:24 | Source: FirstPost

Geneva: Notwithstanding the decline in global foreign direct investment inflows, India's FDI increased by 26 percent in 2014 to nearly $35 billion with maximum growth in the services sector, a UN report has said. China toppled the US in 2014 as the w...

China overtakes US for foreign direct investment

Jan 30, 2015 at 13:32 | Source: BBC

China has overtaken the US as the top destination for foreign direct investment (FDI), for the first time since 2003. Last year, foreign firms invested $128bn (£84,8bn) in China, and $86bn in the US, according to the United Nations Conference of Tra...

India applies principle behind Vodafone tax ruling to other cases

Jan 30, 2015 at 01:15 | Source: FirstPost

MUMBAI (Reuters) - The Indian government has asked its tax officials to apply the principle behind a tax ruling involving Vodafone Group Plc(VOD.L) to all similar transfer pricing cases, an official letter seen by Reuters showed.The government had sa...

China overtakes U.S. as world's top investment magnet - U.N.

Jan 29, 2015 at 23:30 | Source: FirstPost

GENEVA (Reuters) - China overtook the flagging United States to become the top destination for foreign direct investment (FDI) last year, according to the United Nations economic thinktank UNCTAD.The United States has long been the world leader in at...

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