Hutchison Whampoa

Following arbitration notice by Vodafone in the Rs 20,000 crore tax case, the government had appointed former Chief Justice of India R C Lahoti as its arbitrator. Vodafone's arbitrator is Canadian lawyer Yves Fortier.

'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.

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.

Shome against retro amendment of tax laws to raise revenue

Parthasarathi Shome was replying to a question whether retrospective amendment in the tax laws has vitiated business environment in the country, particularly the one related to the tax dispute with the UK-based telecom giant Vodafone Group.

Vodafone-Govt truce talks: Meeting 1 ends inconclusive

Vodafone and Government of India have initiated talks to bury the hatchet over the billion dollar tax dispute relating to the British firm's acquisition of Indian assets of Hutchison Whampoa. Both sides are keen on a settlement of the tax dispute.

Tech Mahindra buys Hutch's India call centre

Software services provider Tech Mahindra said on Tuesday it has bought Hutchison Whampoa Ltd's back-office call centre business in the country for USD 87.1 million.

Tech Mahindra up 2% on probable buyout of Hutch's BPO arm

Software services provider Tech Mahindra, a subsidiary of Mahindra and Mahindra Group, rose as much as 2.3% intraday on Tuesday after reports that the company is set to buyout Hutchison Whampoa's call centre business in the country.

Tech Mahindra to buy Hutch's India call centre business

Software services provider Tech Mahindra plans to buy Hutchison Whampoa's call centre business in the country, according to two sources with direct knowledge, in a deal that one of the sources said was worth between USD 100 million and USD 120 million.

Ready to do what pleases the customer: Analjit Singh

Analjit Singh

Supreme Court begins $2.5 bn Vodafone tax case hearing

The Supreme Court on Wednesday began hearing Vodafone's appeal challenging a USD 2.5 billion tax bill over its acquisition of mobile assets in the country, a case keenly watched by foreign investors in Asia's third-largest economy.

Hutchison unit set for $6 bn S'pore listing

Hutchison Whampoa plans to spin off a unit, in a move that could help it raise USD 6 billion and expand its port and infrastructure portfolio.

India looking into tax liability in Kraft's Cadbury deal

The ministry of finance has initiated action to see if Kraft Foods will have to pay taxes to Indian authorities in its USD 19 bn takeover of Cadbury last year, as claimed by a public interest petition.