Telecom companies that bought spectrum in the 2G auction of November last year would lose around Rs 4,000 crore
Companies might have to shell out a fourth of the industry's annual net revenue to clear the obligation
Cairn joins a slew of multinational firms including Vodafone Group Plc and Royal Dutch Shell Plc that have been slapped with retrospective tax demands by Indian authorities.
The innovation will be on its South Indian channels on September 23-24.
Cairn tax demand has not reduced investors' enthusiasm: Jaitley
Move to address MNCs' taxation woes; UK likely to be the next.
Telecom companies (Airtel, Vodafone, ABNL-via Idea Cellular), which enjoy larger reach, appear to be better placed among the key companies bagging payments bank licences.
The government appears serious about its intent to do away with the sore points in the taxation laws.
India's largest-ever spectrum auction kicked off on Saturday with major telecom operators placing bids worth Rs 53,531 crore across bands, even as the premium 700 Mhz and 900 Mhz frequencies did not find any buyer.
Jio's disruptive strategy, including free voice services and data at throwaway rates, apart from offering all services free for six months, triggered a consolidation in the telecom sector.
The high court court on Thursday accepted Nokia's appeal to release its local factory after its seizure by authorities in a tax dispute, removing a hurdle for the sale of the company's mobile phone business to Microsoft.
Minimum taxes on foreign portfolio investors have been removed.
Taxing SoftBank, the largest shareholder in Flipkart with a little over 20 per cent stake, however, will be easier.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Mukesh Ambani's Jio, high debt and some bad decisions drove RCom to its grave.
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
One of India Inc's top demands is the abolishing of the MAT.
I-T dept has asked for Rs 5,357 crore ($865 million) alleging the company had suppressed its revenue for FY09 to evade taxes
Based on the GDP numbers and the remarkable stability of the taka Bangladesh's Prime Minister, Sheikh Hasina, is a better manager than our 'economist prime minister',' says TVR Shenoy.
Telecom Commission approves high base price of Rs 11,485 cr per Mhz for 700-Mhz frequency; no decision taken on proposed standard spectrum usage charges of 4.5%
60-plus men and women who live independent lives are becoming the cynosure of ad men's eyes.
Dept to focus on real estate, infra, mining and manufacturing to detect evasion.
Have committed themselves to investing Rs 1,85,000 crore since last year.
Database to contain taxable financial transactions and history of any tax-paying individual.
Images from Champions League matches played across Europe on Tuesday
Even a doomsayer like Nouriel Roubini says India is in a sweet spot. If only we'd live up to the promise, says Shekhar Gupta.
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