By Prabhash Ranjan
UPDATED ON JAN 07, 2021 07:20 AM IST
In endeavouring to extract revenue through retroactive taxation that damages investor sentiment in the long run, India is being penny-wise and pound-foolish
By Ishita Guha | Livemint,
UPDATED ON DEC 28, 2020 06:43 AM IST
Vi has “aggressive plans” to strengthen its enterprise business by tapping small and medium enterprises (SMEs), which is a fairly large market.
By Livemint | Livemint, New Delhi
UPDATED ON DEC 25, 2020 05:21 AM IST
Vodafone in September had won the case against India, ending one of the most high-profile disputes in the country that had caused concern among investors over retrospective tax claims on companies.
By Gireesh Chandra Prasad | Livemint, New Delhi
UPDATED ON DEC 24, 2020 05:24 AM IST
Cairn approached the tribunal after India’s 2015 tax demand of $2.74 billion over the group’s reorganisation in 2006, resulting in the creation of Cairn India Ltd.
By Ishita Guha | Mint, New Delhi
UPDATED ON DEC 17, 2020 12:45 AM IST
Govt to auction Rs3.9 lakh crore worth of airwaves across seven spectrum bands
By Press Trust of India | Posted by Nilavro Ghosh | New Delhi
PUBLISHED ON DEC 08, 2020 02:59 PM IST
Vodafone Idea CEO Ravinder Takkar also said that aspects like India-specific 5G use cases, and ensuring digital connectivity for those at the bottom of pyramid, or those without access to broadband or smartphones offered a distinct scope for telcos.
By Gireesh Chandra Prasad | Livemint, New Delhi
UPDATED ON OCT 14, 2020 06:14 AM IST
Reducing tax litigation is a policy priority for the Narendra Modi administration but the dispute with Vodafone Group Plc on its $11 billion offshore deal acquiring Hutchison Essar Ltd—later renamed Vodafone India Ltd—has implications beyond the legality of retrospective taxes.
By Press Trust of India | Posted by Prashasti Singh | New Delhi
PUBLISHED ON OCT 04, 2020 09:14 PM IST
Finance Ministry sources said the government will decide on challenging the award before a court in Singapore - which was the seat of the arbitration, after taking legal opinion.
By Kalpana Pathak | Mint, Mumbai
UPDATED ON SEP 30, 2020 01:25 AM IST
The Cairn Energy case is the second most high-profile retrospective tax litigation. Last week, an arbitration court in the Hague ruled that India’s Rs 22,000-crore demand from Vodafone Group Plc violated the bilateral investment treaty (BIT) between India and the Netherlands.
News updates from Hindustan Times: Will take appropriate action, says Finance Ministry on Vodafone tribunal setback and all the latest news
By hindustantimes.com | Hindustan Times, New Delhi
UPDATED ON SEP 26, 2020 08:56 AM IST
Here are today’s top news, analysis and opinion. Know all about the latest news and other news updates from Hindustan Times.
By Ishita Guha and Jayshree P Upadhyay | Mint, New Delhi/Mumbai
PUBLISHED ON SEP 26, 2020 02:13 AM IST
The tax dispute cast a shadow over Vodafone Group’s operations in India’s intensely competitive telecom market, where it had to write off billions of dollars worth of investments.
By Rajeev Jayaswal | Hindustan Times, New Delhi
UPDATED ON SEP 26, 2020 08:13 AM IST
The government will obtain legal opinion on the tribunal order and explore the possibility of filing an application before the appropriate court in Singapore, the seat of the arbitration
By Reuters | Posted by Shivani Kumar | Bengaluru
UPDATED ON SEP 25, 2020 08:08 PM IST
An international arbitration tribunal in The Hague ruled that India’s imposition of a tax liability on Vodafone, as well as interest and penalties, were in a breach of an investment treaty agreement between India and the Netherlands.
By Bloomberg | Posted by Arpan Rai
UPDATED ON SEP 25, 2020 07:11 PM IST
An international arbitration tribunal ruled Friday that India’s efforts to claim 200 billion rupees ($2.7 billion) in past taxes were in breach of fair treatment under the bilateral investment protection pact between the south Asian nation and the Netherlands.
By Reuters | Posted by Arpan Rai | New Delhi
UPDATED ON SEP 25, 2020 05:10 PM IST
The tribunal, in its ruling, said the government must cease seeking the dues from Vodafone and should also pay 4.3 million pounds ($5.47 million) to the company as partial compensation for its legal costs, the source said.
By Ishita Guha and Anirudh Laskar | Livemint/ New Delhi/Mumbai
UPDATED ON SEP 08, 2020 06:56 AM IST
The rebranding comes at a time the company looks to raise up to ₹25,000 crore to meet government dues, pay interest, and invest in operations.
By Bloomberg| Posted by Susmita Pakrasi | Hindustan Times, New Delhi
PUBLISHED ON SEP 04, 2020 10:15 AM IST
Vodafone Idea Ltd. is discussing a funding plan that could include a share sale, according to the people, who asked not to be identified because the information is private.
By Ishita Guha and Japnam Bindra | Hindustan Times, New Delhi
UPDATED ON AUG 11, 2020 04:52 AM IST
While observing that recovery of dues may not be possible from telcos undergoing insolvency, the apex court asked the government whether spectrum can be sold under the Insolvency and Bankruptcy Code (IBC). The case has been adjourned to August 14.
By Reuters | Posted by Anubha Rohatgi | Bengaluru
UPDATED ON AUG 06, 2020 06:03 PM IST
Vodafone Idea, India’s third largest telecom operator by subscribers reported its eighth consecutive quarterly loss of 254.6 billion rupees, compared with a loss of 48.74 billion rupees a year earlier.
By Japnam Bindra and Ishita Guha | Hindustan Times, New Delhi
UPDATED ON JUL 23, 2020 12:04 AM IST
A division bench of justices UU Lalit and Vineet Saran rejected a special leave petition filed by the tax department against a recent Bombay high court order, which had asked the department to refund the amount to Vodafone Idea.
By Press Trust of India | Posted by Shivani Kumar | Press Trust of India
UPDATED ON JUL 21, 2020 02:00 PM IST
The stock tanked 8.84 per cent to Rs 8.24 on the BSE. On the NSE, it plunged 9.89 per cent to Rs 8.20.
By Ishita Guha | Livemint, New Delhi
UPDATED ON JUL 18, 2020 06:30 AM IST
The Telecom Disputes Settlement and Appellate Tribunal (TDSAT) allowed the Telecom Regulatory Authority of India to continue investigating if the telco violated service norms, observing it is not necessary to put the plan on hold while the probe was on.
By Ishita Guha | Mint, New Delhi
UPDATED ON JUL 14, 2020 11:44 PM IST
It has emerged that Trai’s order barring both Vodafone Idea and Bharti Airtel from offering differentiated products in 4G postpaid plans was passed following a complaint filed by Jio on July 8.
By Jayshree P Upadhyay | Hindustan Times, Mumbai, Mumbai
UPDATED ON JUL 10, 2020 11:33 PM IST
The payments came as a major relief to Franklin Templeton and the 300,000 investors in the six funds that were wound up on April 23 because of exposure to low-quality debt.
By Kanchan Chaudhari | Hindustan Times, Mumbai
UPDATED ON JUL 01, 2020 07:37 PM IST
Earlier, Vodafone Idea had filed a petition seeking a direction to the I-T department to refund Rs 1009.43 crore, including Rs 833 crore on an immediate basis as the undisputed amount, while citing the tax authorities’ rectification order issued on May 28.
Here’s how complimentary offers are helping to increase customer lifecycle for the top telco players
By Promotional Feature, HT Brand Studio
UPDATED ON JUN 13, 2020 09:42 PM IST
The partnership between OTT players and telco companies is for keeps. A recent study shows how carrier-bundled OTT media services not only make users spend more on their mobile and home broadband bills, but also be more loyal towards the carriers.
By Team Mint | Mint, New Delhi/Mumbai
PUBLISHED ON JUN 11, 2020 07:32 AM IST
The massive shift to remote working during coronavirus lockdown has driven up data traffic even as the migration of working population to smaller towns has led to a change in distribution of this traffic.
By hindustantimes.com | Edited by Meenakshi Ray | Hindustan Times, New Delhi
UPDATED ON MAY 29, 2020 01:05 PM IST
A deal with Google could be a lifeline for Vodafone Idea, which owes as much as Rs 54,000 crore in adjusted gross revenue (AGR) dues to the government.
By Reuters | London
PUBLISHED ON MAY 12, 2020 02:41 PM IST
The British company said a drop in international travel due to the virus pandemic had hit its revenues from roaming calls and that it expected customer spending to suffer from the economic downturn caused by the health crisis.
By Murali Krishnan | Hindustan Times, New Delhi
UPDATED ON APR 29, 2020 11:44 PM IST
Vodafone had argued that the IT Department had to process the ITR within one year and since the tax department missed this deadline, it could claim the refund.