Hutchison Essar

After Hutch and Vodafone, will the pug follow Sirji now?

Over the past two decades, subscribers of the network have seen their SIM cards go from orange to pink to red and white and their brand ambassador change from a cuddly pug to a Zoozoo.

Foreign interest in stressed assets but framework needed: Moelis

Speaking to CNBC-TV18, Manisha Girotra of Moelis India said that India urgently needs capital and restructuring of stressed assets should be undertaken through any means possible.

Vodafone India's $1.5 bn investment biggest in Apr-Feb FY15

As per the data available with Commerce and Industry Ministry for April-February period, Vodafone India's USD 1.5 billion investment in May 2014 was the biggest by any multinational company.

'Post Voda, Telenor woes, foreign telcos cautious on India'

British telco Vodafone is locked in a capital gains tax dispute related to its acquisition of Hutchison Whampoa's stake in Hutchison Essar in 2007. While the basic tax demand for the 2007 acquisition is Rs 7,990 crore, the outstanding dues, including penalty of a similar amount and accrued interest, run into Rs 20,000 crore.

Indo-Netherlands BIPA pact doesn't cover taxation: FinMin

The Cabinet, however, has left a window open now by not withdrawing Vodafone conciliation talks for settling the Rs 20,000 crore tax dispute until a separate case over transfer pricing is settled by a tribunal.

Govt in mood to concile with Voda, move positive for co

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.

Govt willing to restart conciliation talks with Vodafone

The conciliation talks had broken down after Vodafone issued a supplementary notice to the government, invoking the Bilateral Investment Promotion and Protection Agreement (BIPA) and demanded that a separate transfer-pricing case be clubbed with the capital gains tax matter.

Vodafone indecisive on conciliation talks: Chidambaram

The Finance Ministry has already circulated a draft Cabinet note withdrawing the conciliation offer to Vodafone to resolve the Rs 20,000-crore tax dispute case. "In Vodafone's own words, they are unable to make up their mind whether they should go forward with conciliation.

Govt-Vodafone tax conciliation process breaks down: Sources

Sources say, Vodafone was keen to increase the scope of the conciliatory process to include an ongoing Rs 3,700 crore transfer-pricing dispute, a demand that the Finance Ministry found to be unacceptable.

FM asks Vodafone to give in writing views on tax case

The Indian tax authorities and Vodafone are locked in a Rs 11,000 crore dispute over Vodafone‘s purchase of Hutchison Essar Telecom services in April 2007.

Encouraging signs on regulatory front: Vodafone Group CEO

Colao said there are some encouraging signs on the regulatory front and the Empowered Group of Ministers' (EGoM) recent decisions were in right direction, which is sending a positive message about the country.

Voda chief meets Chidambaram, says it's good to talk

The British telecom major is facing a tax liability of over Rs. 11,200 crore, along with interest, on its 2007 acquisition of Honk Kong-based Hutchison Whampoa‘s stake in India‘s telecom major, Hutchison Essar.

Tax case: Vodafone in talks with Govt for possible solution

According to sources, Vodafone and the government have concluded the pre-conciliation talks towards the settlement of long-pending tax dispute. While Vodafone had selected its senior official Mathew Kirk for the pre-conciliation talks, the government was represented by law Secretary P K Malhotra.

Tax case: Vodafone chief meets Finance Minister

The British telecom major is facing a tax liability of over Rs. 11,200 crore, along with interest, on its 2007 acquisition of Hutchison Whampoa's stake in Hutchison Essar.

Vodafone fined Rs 1263cr for under reporting of revenue

Department of Telecom imposes a fresh penalty of Rs. 1,263 crore on Vodafone for allegedly under reporting revenues during financial years 2007-08 to 2010-11.

SC to hear Ravi Ruia summons quashing plea on Apr 15

The Supreme Court (SC) will hear Ravi Ruia, vice chairman of Essar Group's petition challenging the summons sent to him by the special court hearing the second-generation (2G) spectrum allocation case on April 15.

Cabinet may consider Vodafone tax issue next week: FM

Finance Minister P Chidambaram today said the Cabinet is likely to take a view on the Rs 11,200-crore Vodafone tax case next week

Global bodies want US to take up Vodafone issue at IMF meet

Batting for Vodafone, several US-based industry associations have asked Washington to take up the controversial issue of amending the Income Tax Act with retrospective effect with India at the upcoming IMF-World Bank Spring Meetings.

UK's Osborne says India should have predictable tax system

Speaking exclusively to CNBC-TV18, UK chancellor George Osborne says India should have a predictable tax system but added he is not going to threaten retaliatory action over the proposed amendment.

Banks warn over latest India tax scare

Asian investment banks fear that a tax provision in India's incoming finance bill will lead foreign investors to withdraw from the country's stock markets and have written directly to Pranab Mukherjee, finance minister, urging him to intervene.

Vodafone have to pay tax once I-T Act is amended: FinMin

British telecom major Vodafone will have to pay over Rs 11,000 crore tax, once the amendment to change the Income Tax Act is approved by Parliament, a Finance Ministry official said today.

Heads We Win, Tails You Lose

The government’s proposal to amend its tax law retrospectively will affect Vodafone and even other large acquisitions of Indian assets might be up for review.

Govt proposes taxing Vodafone-like deals retrospectively

In a measure that will have far- reaching impact on foreign investment and the Vodafone case having a tax implication of Rs 11,000 crore, the government today proposed amendment in the Income Tax Act retrospectively from April 1, 1962.

A Salve for taxing moment: The Vodafone Inside Story

The court hearings had gone on through all of August. On September 8, 2010, the Bombay High Court was packed to the rafters with newspaper reporters of all hues.