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PIL in SC against arbitration on Vodafone tax dispute case

Jun 26, 2014 at 13:35 | Source: FirstPost

New Delhi: A former Additional Solicitor General on Thursday approached the Supreme Court seeking its direction to the Centre to recover around Rs 20,000 crore tax dues from UK telecom major Vodafone and to restrain the government from going ahead wi...

Budget 2014: Foreign stock trade may not attract capital gains tax

Jun 25, 2014 at 06:37 | Source: Economic Times

NEW DELHI: The government is looking to encourage Indian companies to raise funds through the sale of depositary receipts overseas by freeing trade in such securities from capital gains tax in the forthcoming budget, which is set to be unveiled on Ju...

Moody’s Jio tone cautious

Jun 24, 2014 at 12:02 | Source: Calcutta Telegraph News

Mumbai, June 23: Global credit rating agency Moody’s expects Reliance Industries to invest up to Rs 30,000 crore over the next two years in its telecom business but warned funders that any exposure would be credit negative. Reliance is set to ...

Budget 2014: 5 tax rules that need immediate attention of the FM

Jun 24, 2014 at 12:02 | Source: Economic Times

By Daksha Baxi The upcoming budgetary announcement is perhaps the most eagerly awaited one in recent memory. It is viewed as first big policy announcement on the economic front by the new government and an indicator of the direction the government wo...

Jaitley recuses himself from decisions on Vodafone case

Jun 18, 2014 at 22:48 | Source: FirstPost

New Delhi: Finance Minister Arun Jaitley is believed to have recused himself from matters pertaining to the Rs 20,000 crore Vodafone tax dispute and delegated decision making in this regard to his junior Minister Nirmala Sitharaman.Jaitley has on fil...

Arbitrator for Voda tax case

Jun 18, 2014 at 13:17 | Source: Calcutta Telegraph News

New Delhi, June 17: The government today appointed former Chief Justice of India R.C Lahoti as its arbitrator in the Rs 20,000-crore Vodafone tax case. Vodafone had served an arbitration notice on the government over a tax demand that had been serve...

Won't indulge in UPA's tax terrorism: Commerce Minister Nirmala Sitharaman

Jun 17, 2014 at 11:36 | Source: Economic Times

NEW DELHI: Minister of commerce and industry Nirmala Sitharaman has termed the UPA government's move to impose retrospective tax as " tax terrorism", while emphasising that the Modi government would squarely address the issue to send out the right si...

M A deals value at $ 16.3 billion in January-May this year

Jun 15, 2014 at 16:27 | Source: Economic Times

NEW DELHI: Merger and acquisition activity in India showed a significant uptrend during May as the month witnessed transactions worth $ 4.4 billion, taking total deal tally to $ 16.37 billion in the first five months of this year. The month of May sa...

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...

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