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Telenor seeks full control

Jun 14, 2014 at 19:22 | Source: Calcutta Telegraph News

New Delhi, June 13: Norwegian telecom giant Telenor wants to take complete ownership of its Indian arm by acquiring a 26 per cent stake held by Indian investors through Lakshdeep Investments Finance for Rs 780 crore. Telenor said it had filed an app...

RCom expands 3G services to 18 circles, now in Tamil Nadu, Kerala

Jun 11, 2014 at 12:22 | Source: FirstPost

New Delhi: Telecom operator Reliance Communications has extended 3G services to 18 more circles across the country.At present, the company has the largest 3G footprint in the country with a presence in 13 circles."We are delighted to launch 3G f...

Delhi's marquee markets, Connaught Place, Khan Market and Karol Bagh set to get free Wi-Fi

Jun 10, 2014 at 14:27 | Source: Economic Times

NEW DELHI: Soon, you will have another incentive to visit Delhi's marquee markets, Connaught Place, Khan Market and Karol Bagh. Overcoming security concerns, New Delhi Municipal Council has decided to create Wi-Fi zones in these markets, with free b...

Voda sees Rs 27000cr dues

Jun 09, 2014 at 21:33 | Source: Calcutta Telegraph News

New Delhi, June 8 (PTI): UK-based telecom major Vodafone is facing tax claims and interest totalling more than Rs 27,000 crore in India, which includes Rs 14,200 crore for acquiring Hutchison’s stake in 2007, the company said in its annual rep...

Internet giants like Google making it difficult for NSA spy agencies to pierce their systems

Jun 08, 2014 at 04:57 | Source: Economic Times

By David E. Sanger and Nicole Perlroth MOUNTAIN VIEW (CALIFORNIA): Just down the road from Google's main campus here, engineers for the company are accelerating what has become the newest arms race in modern technology: They are making it far more di...

Government should make its stand clear on Vodafone disclosure, says Samajwadi Party and CPI

Jun 08, 2014 at 00:32 | Source: Economic Times

NEW DELHI: Samajwadi Party and CPI today said the government should make its stand clear on telecom major Vodafone's disclosure that India was among 29 nations that sought access to its network to intercept calls, text messages and e-mails last year....

Vodafone says India sought network access for interception

Jun 06, 2014 at 19:36 | Source: FirstPost

New Delhi: India is among 29 nations that sought access to Vodafone's network to intercept calls, text messages and e-mails last year, the UK-based group said. The company, in its Law Enforcement Disclosure report, however, did not mention the number...

Vodafone reveals direct government wiretaps

Jun 06, 2014 at 18:07 | Source: BBC

Vodafone has said that a small number of governments have direct access to communications flowing over its networks. Most countries Vodafone operates in need a warrant to intercept communications, the firm said. However, in some countries police have...

Piramal Enterprises acquires 10 per cent stake in Shriram City for Rs 790 crore

Jun 06, 2014 at 14:07 | Source: Economic Times

NEW DELHI: Piramal Enterprises has acquired 9.99 per cent stake in Shriram City Union Finance for a total of Rs 790 crore. The Mumbai-based firm has acquired 65,79,840 equity shares of Shriram City Union Finance Ltd, the retail focused non-banking f...

Finance ministry begins search for 'special counsel' in tax spats

Jun 05, 2014 at 12:47 | Source: Economic Times

The Narendra Modi led BJP regime is keen on beefing up its defence in multi-billion dollar tax spats against India Inc and MNC's at the country's top court. ET NOW learns that the Finance Ministry has kickstarted the search process for a 'special co...

New government to ammend retrospective Income-tax Act to boost investment sentiment

Jun 05, 2014 at 12:47 | Source: Economic Times

NEW DELHI: The government is likely to modify the controversial retrospective amendments to the Income-tax Act and make them prospective, justifying the move as a necessary measure to improve investment sentiment. The 2012-13 budget amendment that ov...

Narendra Modi: India's economic saviour?

Jun 05, 2014 at 07:27 | Source: BBC

A king among kings is how Anil Ambani, one of India's leading industrialists, described Narendra Modi in January last year, long before the latter entered the race to become the country's next prime minister. After winning the Indian electi...

Taxman to dial Vodafone for 16K crore as truce talks fail

Jun 02, 2014 at 19:52 | Source: Economic Times

Even as the clamour rises amongst India Inc for a reversal of the controversial retrospective amendments to tax laws by the Narendra Modi led NDA regime, there is fresh trouble brewing for Vodafone on its 7 year tax tussle over the $11bn Hutch deal....

Changes in retrospective tax amendments unlikely in Budget

May 29, 2014 at 04:22 | Source: Economic Times

NEW DELHI: The new government in the forthcoming budget is unlikely to take a view on the retrospective amendment to Income Tax laws as it is keen to weigh pros and cons before taking any decision on this matter. "Time is too short for undoing the am...

Hearing on additional spectrum adjourned till Sep 25

May 28, 2014 at 23:45 | Source: FirstPost

New Delhi, May 28 (IANS) A special court here Wednesday posted for Sep 15 the hearing of a case relating to grant of additional spectrum to private operators through a January 2002 central government decision during the previous NDA regime.Central Bu...

Changes in retrospective tax amendments unlikely in budget says officials

May 28, 2014 at 20:01 | Source: FirstPost

New Delhi: The new government in the forthcoming budget is unlikely to take a view on theretrospective amendment to Income Tax laws as it is keen to weigh pros and cons before taking any decision on this matter."Time is too short for undoing the...

Hint of retrofit in stable tax regime

May 28, 2014 at 05:52 | Source: Calcutta Telegraph News

New Delhi, May 27: Ravi Shankar Prasad, Union minister for communications and information technology with additional charge of law and justice, said today that he won’t categorically rule out the need for retrospective taxation even though he ...

Retrospective taxes should be avoided: Ravi Shankar Prasad

May 28, 2014 at 05:52 | Source: Economic Times

NEW DELHI: The new law and telecom minister on Tuesday hinted that his government may avoid retrospective taxation and provide stable policies so that there are no uncertainties for foreign investors. The comment holds out a glimmer of hope on sortin...

Automakers hope Narendra Modi ditches Byzantine tax system for GST

May 28, 2014 at 05:52 | Source: Economic Times

MUMBAI: Indian carmakers, battered by two years of slowing sales, hope the resounding election victory by India's new leader will spur replacement of the country's complex array of duties with a simple goods and services tax (GST). Investors, too, ar...

India Inc hopes Arun Jaitley will put the economy back on track

May 28, 2014 at 05:52 | Source: Economic Times

MUMBAI: India Inc, battered by rising interest rates and policy deadlock, looks forward to an easing of the pain of doing business and measures to spur growth as Arun Jaitley takes charge at North Block. Jaitley, they feel, faces the biggest challeng...

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