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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...

Vodafone expects govt to reduce financial burden on telecom: CEO Marten Pieters

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

Vodafone India is seeking fresh capital investments from its British parent to lower the outstanding loans on its books, the company's chief executive Marten Pieters said. Speaking to ET, he said that the amount however will depend on what the compan...

ASSOCHAM submits 4 pronged strategy paper to new govt. to revive telecom sector Spectrum with socio-economic benefits worth over Rs 2 lakh crore lying idle with govt. be auctioned immediately

May 27, 2014 at 19:57 | Source: Assocham

ASSOCHAM today submitted a four-pronged telecom strategy paper to the new telecom minister, Mr Ravi Shankar Prasad to reinvigorate the telecommunications sector by reducing regulatory costs, auctioning available spectrum, extending benefits of infra...

Arvind Panagariya wants Modi to go for capital spending, even at the risk of high deficit

May 26, 2014 at 07:06 | Source: Economic Times

NEW DELHI: Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi's government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit. P...

Economist close to Narendra Modi backs higher deficit for India revival

May 26, 2014 at 04:37 | Source: Economic Times

NEW DELHI: Indian-born economist Arvind Panagariya, who is widely expected to take a top advisory role in prime minister-elect Narendra Modi's government, wants its first budget to boost capital spending even at the risk of a higher fiscal deficit. ...

Court issues warrant against Shazia Ilmi

May 24, 2014 at 21:30 | Source: FirstPost

New Delhi, May 24 (IANS) A court here Saturday issued warrant against AAP leader Shazia Ilmi in a defamation case filed against the party members by Amit Sibal, son of former union minister Kapil Sibal.Metropolitan Magistrate Sunil Kumar Sharma refus...

Defamation case: Shazia Illa issued bailable warrant by Delhi court

May 24, 2014 at 14:33 | Source: FirstPost

New Delhi:A court in Delhi on Saturday issued warrant against former AAP leader Shazia Ilmi in a defamation case filed against the party members by Amit Sibal, son of former Union Minister Kapil Sibal.Metropolitan Magistrate Sunil Kumar Sharma refuse...

Vodafone warns earnings will fall as it upgrades networks

May 21, 2014 at 04:02 | Source: BBC

Mobile operator Vodafone has said its core earnings will fall in 2015 because it will invest in its network to boost speed and coverage. The warning came as it announced profits for 2014 of £59.4bn, a figure swelled by a one-off gain of £45bn from ...

Vodafone Bordon customers angry over two-year signal problems

May 21, 2014 at 04:02 | Source: BBC

Residents in part of Hampshire say they have been badly treated by Vodafone after two years of signal problems. Mobile phone customers in Bordon say the latest service outage has so far left them without a signal for 23 days. Many customers say they ...

Triple treat for Vodafone

May 21, 2014 at 04:02 | Source: Calcutta Telegraph News

Mumbai, May 20: Vodafone India today reported a 13 per cent growth in earnings at Rs 37,606 crore for the year ended March 31 on the back of a strong growth in data revenues, customer additions and higher call rates. The 100 per cent subsidiary of t...

Tata Communications sell Neotel stake to Vodacom for $680mn cash

May 20, 2014 at 09:51 | Source: Economic Times

NEW DELHI: Tata Communications Ltd. has sealed an all-cash deal to sell its 67 per cent stake in South African telecommunications unit, Neotel Pty., to an arm of Vodafone Group for about $680 million (Rs3978 crore), people familiar with the matter sa...

Voda buys Tata Africa unit

May 20, 2014 at 06:42 | Source: Calcutta Telegraph News

May 19: Tata Communications Ltd will sell its 67 per cent stake in South African company Neotel to Vodacom, a subsidiary of Vodafone. The Tata group company today announced that the shareholders of Neotel and Vodacom SA have reached an agreement, pa...

Tata Communications to sell Neotel stake to Vodacom for $680mn cash

May 19, 2014 at 15:31 | Source: Economic Times

NEW DELHI: Tata Communications Ltd. has sealed an all-cash deal to sell its 67 per cent stake in South African telecommunications unit, Neotel Pty., to an arm of Vodafone Group for about $680 million (Rs3978 crore), people familiar with the matter sa...

India needs to resolve tax issues with MNCs: Bill Gammell

May 19, 2014 at 12:46 | Source: Economic Times

LONDON: India's new government needs to resolve taxation issues dogging multinational companies if it wants to encourage foreign direct investment, said Bill Gammell, who retired last week as chairman of Cairn Energy. "I think it is recognised that I...

ZTE Corp fears its chances of payback from Loop Mobile are low

May 17, 2014 at 05:22 | Source: Economic Times

MUMBAI/NEW DELHI: ZTE Corp fears the subscriber-linked formula that Bharti Airtel will use to pay Loop Mobile would significantly reduce the final sale amount, thus not leaving enough in the hands of the Khaitan-owned telco to be able to pay what it ...

Data users more likely to shift to postpaid: PwC Study

May 17, 2014 at 05:22 | Source: Economic Times

NEW DELHI: Mobile data and Internet package users are more likely to migrate to postpaid connections than non-data and low-cost SMS users, a study by global accounting firm PricewaterhouseCoopers (PwC) has said. The PwC-IIMA (Indian Institute of Mana...

Nokia Oyj seeks resolution of tax dispute under bilateral pact

May 14, 2014 at 20:16 | Source: Economic Times

NEW DELHI/HELSINKI: Nokia Oyj has written to the Indian Prime Minister seeking an "amicable resolution" of its tax dispute in the country, the Finnish company said on Wednesday. Nokia, which was last year served with a tax demand of about $348 millio...

A Matter of Seconds

May 13, 2014 at 14:56 | Source: Business Today

We wanted to make a disruptive intervention in the market. There was nothing that sounded as disruptive (as the per-second plan): Gurinder Singh Sandhu, Chief Marketing Officer, Tata Teleservices Photo: Vivan Mehra/www.indiatodayimages.com On a cold...

Panel call on Voda

May 13, 2014 at 04:47 | Source: Calcutta Telegraph News

New Delhi, May 12: An inter-ministerial group is expected to meet later this week to decide on India’s stand on the arbitration notice served by British telecom giant Vodafone on a Rs 20,000-crore tax dispute. The government will defend its de...

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