Vodafone, according to sources, in its response to the Finance Ministry's offer for conciliation, had expressed keenness to settle the long-pending capital gains tax dispute.
The retrospective tax controversy was highlighted by Vodafone, but Cairn Plc's continuing problems point to the impact this law has had on FDI in India's oil and gas sector.
Government approval for British telecom giant Vodafone's takeover of Hutch-Essar now depends on whether the two minority stakeholders in the company can prove through documents that they are not acting as benami shareholders for Hutchison.
British Telecom of the UK is considering a low-powered global system for mobile communications service in India, which can bring down the costs significantly on calls made by mobile phones inside offices.
Outsourcers will not migrate to China because of the sheer talent and English language proficiency in India, says Arun Seth, chairman, British Telecom India.
The UK on Tuesday assured complete government neutrality on Tata Steel's bid to acquire Corus and sought similar treatment for British telecom firm Vodafone in its bid to acquire mobile venture Hutchison-Essar.
British telecom giant Vodafone could face a downgrade in its credit rating by Standard and Poor's if its proposed bid for Hutchison Essar Ltd exceeds $19 billion, a media report said in London.
As Vodafone started examining the books of Hutchison Essar, its existing partner Bharti Airtel on Tuesday said it has not been approached by anyone to buyout British telecom firm's stake in the company.
Telecom software and service solutions provider Mahindra-British Telecom has acquired privately-held US-based Axes Technologies for $54 million to consolidate its position as a leading services provider in the sector.
Singapore Telecom is believed to have sought the removal of Vodafone representatives from the board of Bharti Airtel, following the British telecom major's bid to acquire a majority stake in Hutchison Essar.
British telecom giant Vodafone's plans to acquire India's fourth-largest mobile operator Hutch-Essar has received mixed reactions from some of its key shareholders.
As top bosses of Vodafone and Essar arrived in Hong Kong to negotiate a deal for acquiring Hutchison Telecom's Indian business, its parent company has indicated it will not consider any offer below $14 billion.
In a report, JP Morgan said Vodafone needed to raise exposure to high-growth emerging markets and offset prospective fall in EBITDA in Europe.
British telecom giant Vodafone on Friday said it is considering acquiring a controlling stake in India's fourth-largest mobile player Hutchison Essar.
A shareholder of Vodafone Group has urged the company to abandon its plans to acquire India's Hutch Essar, saying the British telecom giant could overpay for the deal, British daily The Times reported on Friday.
Sunil Mittal's Bharti, in which British telecom firm Vodafone has 10 per cent stake, said on Thursday it is yet to hear a final word from the UK-based operator on its plans to buyout Hutchison Telecom's stake in Indian joint venture Hutch-Essar.
usiness with British Telecom will grow, but the proportion will come down
Mahindra British Telecom is considering setting up a telecom software development centre, its third in the country, in Kolkata, a top company official said on Monday.
Global majors like Accenture, EDS and IBM as well as major Indian IT vendors have been shortlisted by the public sector BSNL for second phase of its convergent billing system.
The largest telecom solutions provider, Mahindra-British Telecom, is looking to acquire a BPO company and has lined up Rs 300 crore (Rs 3 billion) investment over the next two years to fund its expansion plans.
Buoyed by the initiatives taken by the government in the communication sector, UK telecom major, British Telecom, on Thursday said it would look at the option of starting services in India in IT and BPO sector.\n
Sector set to see 31 players in the next 12 months.
Amid reports that its chairman Christopher Bland has sought Indian government's help to resolve a bandwidth-related dispute with VSNL, British Telecom said it is engaged in a mutually beneficial dialogue with VSNL.
Mahindra British Telecom is planning to recruit an additional 2,000 workers over the next 12 months on expectations of rapid growth in industry.
Vodafone's operating loss from India business jumped to 692 million euros in April-September from 133 million euros in the same period last year.
VIL pegs dues at Rs 21,533 cr, less than half of DoT estimate. During a meeting with Vodafone Group CEO Nick Read, Telecom Minister Ravi Shankar Prasad made it clear that the government is against a monopoly in the telecom sector, and wants Vodafone Idea to survive and remain invested in India.
Finance secretary R S Gujral too is believed to have met top Vodafone officials in Mumbai last month.
TDSAT had stated no amount was payable till resolution of the disputes.
In a breakthrough, scientists in the UK have achieved the "fastest ever" broadband speeds of 1.4 terabits per second - enough to transmit 44 high-definition movies at once.
Country accounts for 38% of telco's global user base, 10% of total revenue
The government has signed Bippas with 72 nations.
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