Vodafone CEO Arun Sarin, who engineered the acquisition of Hutch-Essar in India, has accused unsuccessful rival bidders of trying to derail the deal and sought transparency from Indian regulators in M&A approvals.
Only 300 assessees came forward with disputed tax liabilities amounting to Rs 10,000 crore
Non-availability of minimum facilities is the sacrifice the rural poor are being forced to make in pursuit of the Left's ideology.
The retrospective tax decision reversing the January 2012 Supreme Court verdict in the Vodafone case has often been cited as the reason for foreign investors losing confidence in India as an investment destination.
Vodafone's long-pending tax dispute with the government might be heading for a resolution, with the finance ministry considering changing the Income-Tax Act's retrospective amendment and taxing indirect transfer of assets prospectively from 2012, the year the law was clarified.
Hutchison has made it clear to prospective bidders that it can sell its 67 per cent stake in Hutchison Essar without offering the first right of refusal to the Ruias who hold the remaining 33 per cent in the joint venture.
After the $11.1 billion winning bid by Vodafone for Hutchison, the spotlight now shifts to the Ruia-owned BPL Mobile Communications.
US-based technology major IBM is contesting a claim of the revenue department which has increased the company's taxable income substantially to around Rs 11,000 crore (Rs 110 billion).
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Special CBI Judge O P Saini adjourned Monday's proceedings in the wake of stay granted by the Supreme Court on separate pleas filed by Mittal and Ruia challenging the March 19 order of the trial court summoning them as accused in the case.
Sachin Bansal, who had co-founded Flipkart with Binny Bansal in 2007, would exit the company
Special CBI Judge O P Saini adjourned today's proceedings after advocate Siddharth Agarwal, appearing for Mittal, said the Supreme Court is scheduled to hear in March the separate pleas filed by Mittal and Ruia challenging the March 19, 2013 order of the trial court summoning them as accused in the case.
'Is it advisable to have more number of scrips in small quantities or a few scrips in big quantities?'
Pranab Mukherjee's stewardship of the economy will stand out as much for the manner in which he managed controversies as for creating quite a few of them, says A K Bhattacharya.
The apex court had on December 4 last year, reserved the verdict after hearing counsel for corporate honchos and the Central Bureau of Investigation.
In effect, companies which put their money in telecom in India would have done much better to keep the cash in bank and earn interest.
In April 2013, CBI had first told the Court there were "some difficulties" in the probe after it went abroad.
Ballooning debt forces more and more Indian promoters to sell out to global majors and PE players.
The coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers.
The government plans to take India into the top 50 ranks in ease of doing business in the next two years with efforts such as shifting all applications for industrial licenses online.
More and more corporates are appreciating Mahatma Gandhi's books as gifts.
The Union finance ministry has asked field officers of the income tax department to not be adversarial to assessees, and to not send high-pitched demands without a proper basis.
Demand is expected to grow as most customers await a drop in prices.
FY14 sees 16% decline in adjustments; department adds only Rs 59,000 crore to the profits attributed by multinationals, against Rs 70,000 crore a year ago
ONGC was the top performer while private banking major ICICI Bank extended gains
The financial year ending Saturday saw such big-ticket events that set the directional tone for the country's business journey.
'India is still a cash economy.' 'For a common household, almost everything from grocery to maid services is paid in cash.' 'The demonetised notes account for 85 per cent of the currency in circulation.' 'Until fresh notes flow back into the economy, day-to-day transactions ordinarily done in cash will be impacted.'
The company has tied up with five distributors this year.
APAs are part of govt's aim to move to a non-adversarial tax regime.
Year 2013 saw business leaders facing the ire of hostile investigative agencies.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
The government now ends its mandate with reaffirmation in the vote-on-account of the same goals, for which it claims to have a clear line of sight.
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