Page 3 - Vodafone

Bharti Airtel to buy additional 4.7% stake in Indus Towers from Vodafone

Deal signed on condition that proceeds are used to clear Vi's dues

Bharti Airtel to acquire Vodafone's 4.7% stake in Indus Towers

Deal conditional upon Vodafone infusing fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers to clear VIL's outstanding dues

Vodafone may sell 5% stake in Indus Towers to Bharti Airtel for 3,300 crore

Bharti Airtel's parent Bharti Enterprises is Indus' largest shareholder, according to Refinitiv data.

UK's Vodafone to sell partial stake in Indus; to infuse proceeds in Vi

Vodafone has launched an initial sale of 63.6 million Indus shares through an accelerated book building offering and said it was in talks with various parties regarding the sale of its remaining share

Top headlines: Amazon, Future asked to approach NCLAT; ED arrests Malik

Business Standard brings you the top headlines on Wednesday

Vodafone files application with govt for settlement of retro tax dispute

British telecom giant Vodafone on Friday said it has filed an application with Indian authorities for settlement of their retrospective tax dispute. Vodafone further said it has "always been confident" that no tax is due on the company. The government in August enacted a law to end all retrospective taxation imposed on indirect transfer of Indian assets. The rules under the law seek to withdraw tax demands made using a 2012 retrospective legislation to tax the indirect transfer of Indian assets and also refund the amount paid in these cases without any interest. Asked if the company has filed an application with the Indian government to settle the retrospective tax dispute, a Vodafone spokesperson said, "We can confirm we have filed an application". The spokesperson added, "We have always been confident that no tax liability arose in respect of our acquisition of the Indian business, and this was borne out by the decisions of the Supreme Court of India and the International Court o

Airtel adds 2.74 lakh users in Sept; Jio, VIL lose subscribers: Trai

The subscriber base of Airtel stood at 35.44 crore in September as against 35.41 crore users in August

Elon Musk's Starlink may use Vodafone spectrum to expand service in UK

Deal would expand its low-earth satellite broadband service; Vodafone seen close to striking a satellite frequency deal

Top headlines: PNB Housing drops stake sale plan; Air India reports losses

Air India's revenue from operations dropped at Rs 10,343 core in FY21 from Rs 27,711 crore year ago. More on that story in out top headlines.

Centre notifies rules to settle Vodafone retrospective tax case

Vodafone Plc is required to give a declaration to the Income-Tax Department, withdrawing all legal proceedings against the government over the levy of retrospective taxes

Govt notifies rules to settle Vodafone retrospective tax case

After the notification of the rules, Vodafone will have 45 days to approach the government for a settlement.

No fresh equity to be infused in cash-strapped Voda Idea: Vodafone

The telecom package is expected to reduce its cash flow for the next four years of the moratorium by around Rs 1.1 trillion

Rajasthan govt imposes Rs 27 lakh fine on Vodafone in data leak case

In its first case it has heard and dealt with under the IT Act 2000, the Rajasthan government on Monday imposed a fine of Rs 27 lakh on telecom company Vodafone Idea Ltd (VIL) on a data leak matter

Draft rules on retro withdrawal win-win for govt, firms, say experts

Enforcement of investment treaties remain ambiguous, they say

CBDT releases draft regulations for withdrawal of retro tax demands

The draft rules released by the tax department call for a declaration by the companies to "irrevocably withdraw, discontinue and not pursue" any legal proceedings

Top headlines: Kerala's Covid TPR crosses 18%; SC grants relief to Airtel

Business Standard brings you the top stories this evening

Vodafone Idea files review petition in apex court on AGR dues

Vi had calculated its remaining AGR dues at around Rs 21,500 crore after making a payment of Rs 7,800 crore

Govt will refund Rs 8000 cr to 4 firms under new taxation laws: CBDT chief

The Bill will do away with the retrospective tax provision and end all retrospective taxes imposed on indirect transfer of Indian assets made before May 28, 2012

Lenders to debt-laden Vodafone Idea look at swapping debt for equity

Over the years, Vodafone PLC has invested $30 billion in Vodafone India and has written off the entire investment

Retro tax must be resolved via Indian law, not arbitral award: Somanathan

Somanathan says that the government doesn't support retrospective taxation since it creates sudden and fresh liability and is not in line with the stability and predictability of taxation