A battle between incumbent GSM and CDMA operators has broken out, with Marten Pieters, the managing director of Vodafone Essar, the country's second-largest telecom operator, lashing out at comments made by a competing operator, saying it was ridiculous to imply that incumbent GSM players like them were hoarding scarce spectrum.
Fernandes wanted Coca-Cola Company to not just transfer 60 per cent of the shares of its Indian firm but also the formula for its concentrate to Indian shareholders.
The government said it has identified a few more cross-border merger and acquisition cases, including Barclays-Intelnet deal, for possible tax evasion after slapping Rs 11,000-crore (Rs 110 billion) tax notice on Vodafone for Hutchison Essar deal.
CEOs fear any change in status of the mines will mean disruption in production, loss of investment and increased production cost for user industries.
Aegis has more than 50,000 employees across 11 countries.
Reliance had in 2006 won government nod to invest $8.836 billion in Dhirubhai-1 and 3 fields in KG-D6 block after promising an output of 61.88 million cubic meters a day from 22 wells by April 2011 and 80 mmscmd from 31 wells by 2012.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
"Kraft's acquisition of Cadbury is a global acquisition, where some value is attributable to India. This is different from Vodafone, where the transfer of a single share of the offshore company by Hutch resulted in the Indian business getting transferred to Vodafone," said Pranay Bhatia, associate partner at legal firm Economic Laws Practice.
The cases under scanner include significant loan exposure of the bank to Videocon way back in 2012 and the alleged involvement of the Kochhar family in restructuring of that loan.
They are snapping up ore and coal abroad, as their availability is stuck at home.
In the wake of the 2G acquittals, here are a few high-profile cases in which question marks were raised by various courts over the CBI's probe.
In the first phase, the company will sponsor 25 vehicles on five routes, including Chandni Chowk, Saket, IIT-SDA market area, GK-II and Delhi University-North Campus, Vodafone told reporters in New Delhi.
As more and more businesses move towards digital technology-enabled solutions such as chatbots to increase interaction with their own customers, BPM companies have seen a significant chunk of their revenue proceeds shifting towards business outcomes.
A total of 4,452 cases have been disposed at pre-admission stage and 66 have been resolved after adjudication. 260 cases have been ordered for liquidation.
The launch of VF 247 solar powered phone is in keeping with Vodafone's aim to increase mobile technology accessibility for millions in India.
Trade and commerce issues, bilateral and global, are expected to come up for debate.
State-owned aluminium maker Nalco may show interest in developing mines in Afghanistan, which is expected to invite global bids soon for exploration of mineral deposits estimated to be worth $1 trillion.
Non-core sponge iron plants, petrochemicals units and oil refineries have cornered as much as 13.13 million cubic metres per day out of the 60.76 mmscmd of KG-D6 gas allocated.
India's imports from Iran rose to 250,200 barrels per day
Insolvency professionals feel the bankruptcy code will deter defaulters, but NPAs will not cease unless banks are sensitised on credit appraisal and experts are hired by banks to inspect what is happening with their loans.
In a temporary reprieve, India will pay for Iranian crude oil in euros through a German bank based in Hamburg, while a permanent solution to the payment issue will be explored at a meeting in Teheran next week.
The Supreme Court on Friday issued notices to Bharti Airtel and Vodafone on a BSNL petition, seeking that the private telecom operators pay interconnection charges, along with penalty, for transferring to its network their calls that did not identify phone numbers.
Cairn India is 25th on the list with 22.2 per cent CGR.
The GSM operators decided to withdraw their plea when the TDSAT was about to reserve its order on the maintainability of the petition after hearing the case for more than one-and-a-half hours.
The government will start allotting third generation (3G) spectrum from Wednesday to successful bidders, including Bharti Airtel, Reliance Communications and Vodafone Essar, among others. A senior DoT official, said the allotment of 3G spectrum will start on Wednesday.
I-T department has fixed Rs 12,000-crore tax claim on the 2007 deal in which Vodafone bought Hutch's 67 per cent stake in Hutchison Essar for $11.2 billion.
'By not only decriminalising routine business failures, but by ensuring that institutional lending and corporate rescue frameworks are strengthened via the IBC, the prime minister has ensured there is no room anymore for the proverbial 'reckless, prodigal debtor',' notes Sanju Verma.
Disruption of work, levy to insurgents, targeting of communications and security concerns stall development.
Tata DOCOMO has announced its intention to launch 3G services around Diwali. Vodafone Essar plans to roll out 3G services by the first quarter of next year.
Country's largest telecom service provider Bharti Airtel on Monday revealed its plans to launch iPhone 4, the latest product from Apple Computers's stable, by October.
The government on Tuesday invited financial bids from all the nine applicants, including Bharti Airtel, Vodafone, Tata Teleservices and RCom, who had applied for participating in 3G spectrum auction.
Bharti Airtel on Thursday submitted its bid for 3G spectrum, auction for which starts from April 9.
Several leading industrialists, including Reliance Industries CMD Mukesh Ambani, Vedanta Resources Limited executive chairman Anil Agarwal, chairman emeritus of Tata Sons Ratan Tata, Mahindra Group chairman Anand Mahindra, Paytm Founder and CEO Vijay Shekhar Sharma, Welspun Group chairman and Assocham president B K Goenka, attended the swearing-in ceremony.
A Bench headed by Justice Altamas Kabir sought an reply from 11 repondents Telecom Regulatory Authority of India, Association of Unified Telecom Service Providers of India, Reliance Communications, Tata Teleservices, Vodafone Essar Mobile Services, Cellular Operators Association of India, Bharti Airtel, Idea Cellular, BPL Mobile Communications, HFCL Infotel, and Spice Communications -- as to why they should not pay ADC to BSNL.
Indian GSM telecom operators added 11.25 million new subscribers in the month of May, taking the all-India cellular subscriber base to 444 million, according to cellular operators' association COAI.
Leading telecom service provider Bharti Airtel has urged the government not to change existing spectrum allocation criteria and to continue with the additional 2G spectrum allocation policy based on subscriber figures.
The telecom industry has come out in support of new Communication and IT Minister Kapil Sibal for his observation that the sector should not be viewed as source of revenue for the Finance Ministry.
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Three PSUs, three private firms join bid to acquire 40% stake in Haldia Petrochem.
The government on Friday banned short message service for post-paid subscribers in Jammu and Kashmir, while restricting the facility for pre-paid users from midnight, due to security concerns.The department of telecom has asked all the 12 operators, including state-owned BSNL and other private players like Bharti Airtel and Vodafone Essar, to withdraw text message service to their post-paid users in J&K altogether.
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