While it was technically not possible to block the deal, the tax department could resort to arm-twisting. Image: A Vodafone store in central London. Photograph: Alessia Pierdomenico/Reuters. Vodafone Plc’s Rs 14,000-crore tax dispute with the government remains a key risk in the merger of its Indian subsidiary with Idea Cellular. The British telecom company had sought advice on how to deal with the retrospective tax in case it went ahead with the merger, tax experts said. “Apart ... Rediff.com, 1 month ago
Vodafone, Idea in merger talks; experts cite regulatory huddles - DNA, 2 months ago
Voda, Idea in talks to create India's largest telco - Deccan Herald, 2 months ago
By Kate Holton and Sankalp Phartiyal LONDON/MUMBAI (Reuters) - Britain's Vodafone Group confirmed on Monday it was in talks to merge its Indian subsidiary with local rival Idea Cellular in an all-share deal that would create a new market leader better able to ...Sify, 2 months ago As price war rages, Vodafone India seeks merger with rival Idea Cellular Sify, 2 months ago
The income tax (I-T) department has once again offered an olive branch to corporates like Vodafone Plc and Cairn India, locked in disputes over retro tax demand. The department has said it will waive off interest liability if they pay the principal demand of ...The Financial Chronicle, 4 weeks ago
Bharti to spend Rs 1,600 cr for spectrum payout over 10 yrs; Telenor to service its own debt. In what will lead to yet another multinational exit in the telecom space, Bharti Airtel on Thursday announced the acquisition of Telenor India. It’s a no-cash deal, which will see Norway’s telco packing up and leaving the country, as business had become unsustainable. While the companies refused to speak on the size of the deal, sources in the know pegged Bharti’s cost of ...Rediff.com, 1 month ago
Indirect transfer provisions were introduced in 2012 to handle the taxation of transactions wherein share transfers happened abroad, although the underlying assets were Indian. It appears the coming Union Budget might give relief to foreign portfolio investors from taxation on indirect transfers. Sources aver the so-called category-I and -II FPIs would be kept out of the provisions. The latter could be made applicable only in those cases where the transfers have amounted to a ...Rediff.com, 2 months ago
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