In 2009, the Japanese telecom giant invested around USD 2.6 billion in order to buy a 26.5 percent stake in Tata Teleservices (TTSL). It later deemed the venture as its â€œworstâ€ overseas investment, and sought USD 1.17 billion in compensation for its 2014 exit from India.
In an interview to CNBC-TV18‘s Latha Venkatesh and Anuj Singhal, HP Ranina, Corporate Lawyer, Shikha Sharma, MD & CEO, Axis Bank, R Shankar Raman, Whole-Time Director & Chief Financial Officer, L&T and Sanjay Dutt, Director at Quantum Securities gave their take on Arun Jaitely‘s Union Budget and their outlook on the road ahead.
The Election Commission today announced dates for the 5 states that go to polls this year. Questions have now been raised if it creates a constitutional problem since the Union Budget is already slated to be presented on February 1.
Centre on Wednesday approved an ordinance that imposes penalties for possessing old notes beyond a certain limit and indulging in transactions with junked notes of Rs 500 and Rs 1000.
Government sources tell CNBC-TV18 that the ordinance will mention until when the old notes can be used as legal tender and is speculated to change the deposit timeline from the earlier December 30 deadline.
In a speech delivered at a SEBI event in Mumbai on Saturday, Prime Minister said "Those who profit from financial markets must contribute to nation-building through taxes."
People close to Ratan Tata and Cyrus Mistry are attempting to reconcile differences between the two to put an end to the ugly public spat, reports CNBC-TV18 quoting sources. As of now the talks are only informal and exploratory, they say.
Cyrus Mistry has commented on an issue he was not fully aware of, says Senior Advocate HP Ranina. FC Kohli is the best person to ask on this subject.
The government's decision to scrap 500 and 1000 rupee notes has been received well throughout the country, barring some political parties of course. However, the move has also taken the country by surprise.
Competition Commission today imposed more than Rs 6,700 crore penalty on 11 cement companies, including ACC and Binani, for cartelisation.
Supreme Court today quashed Singur land allotment to the Tatas. The apex court in its statement said that the state --West Bengal - had commuted fraud of power in land allotment citing public good.
CNBC-TV18‘s Ashmit Kumar reports that Kapil Sibal, who is representing Sahara in the apex court confirmed that the company is in final stages of negotiation with QIA and the SC has extended the parole for Subrata Roy till August 3.
The whole procedure of getting Mallya extradited from the UK, if at all, will take at least 3-4 months says Corporate Lawyer HP Ranina.
The government of India released the income tax report for the past 16 years last week. The provisional 2014-2015 figures show that just about 4.87 crore people filed tax returns, making it less than 4 percent of the population. CNBC-TV18's Ronojoy Banerjee caught up with corporate lawyer HP Ranina to discuss the issue.
In an interview to CNBC-TV18's Latha Venkatesh and Sonia Shenoy; HP Ranina, Corporate Lawyer; Sudhir Kapadia of EY and Ketan Dalal, Senior Tax partner at PwC India shared their expectations from Arun Jaitely's Union Budget and their outlook on the road ahead.
Keki Mistry- Vice Chairman and Chief Executive Officer, HDFC believes it is important to increase the tax exemptions on home loans as even a marginal increase will pep up the home-buyers sentiments.
Dinesh Kanabar, Dhruva Advisors said doing away with the distinction between FPI and FDI is a very welcome move.
In an interview to CNBC-TV18's Latha Venkatesh & Sonia Shenoy, Corporate Lawyer HP Ranina and Dinesh Kanabar of Dhruva Advisors gave their take on Arun Jaitley's Union Budget and their outlook on the road ahead.
Vodafone wants to include the Rs 3700 crore transfer pricing issue, which according to the revenue department goes went against the Cabinet approval on conciliation that had been given on June 3. The Vodafone stance has always been to fix all the tax issues in one go.
According to HP Ranina although there seemed to be a bit of tinkering on the excise duty front to please the common man, nothing much was done to widen the tax base - to bring in tax evaded income.
Speaking to CNBC-TV18 soon after Financial Technologies' auditor said that the FY13 earnings are no longer reliable, Ranina, corporate tax lawyer said that the company has allegedly committed a very serious offence by presenting false accounts.
A Delhi court today summoned Bharti Airtel chairman and managing director Sunil Bharti Mittal in the additional spectrum allocation case. It was registered by the CBI last November for grant of additional spectrum during the NDA regime.
The Union finance minister today presented the Budget for the year 2013-14. HP Ranina, Corporate Tax Lawyer gave his reaction on the same. He wasn‘t very happy with the Budget. He believes that the FM has done nothing to override what was done in Finance Act 2012.