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Vi had calculated its remaining AGR dues at around Rs 21,500 crore after making a payment of Rs 7,800 crore
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
Over the years, Vodafone PLC has invested $30 billion in Vodafone India and has written off the entire investment
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
This proposal demonstrates that the government is intent upon shoring up India's positive investor friendly image, says Partner, Price Waterhouse & Co LLP
The Bill now introduced in the Parliament proposes to provide that no tax demand shall be raised on indirect transfers effected prior to 28th May 2012
The government has now proposed to refund principal amount in full to the litigants, with certain conditions
Birla Group Chief Financial Officer Sushil Agarwal has been named additional director on the Vi board
Vodafone Idea is pushing for a third concession. It is hoping the government will pay the GST refunds
Vi shares plunge 18% after ABG's offer to hand over 27% stake gratis
Some issues beyond its control - spectrum payment and adjusted gross revenue dues - have created pressure, which the government is attempting to address
Vi has a debt of about Rs 1.8 trillion, including deferred spectrum obligations and AGR dues
The plans include Rs 299 (30GB data quota), Rs 349 (40GB data quota), Rs 399 (60 GB data quota), Rs 499 (100GB data quota).
The platform offers peer-to-peer transactions in countries including Kenya, Tanzania, Mozambique, Lesotho. It is now pushing into new financial services like small loans, payroll and savings
Market concentration in key sectors, measured by HHI, reached a new high in FY21
But telcos Airtel, Vi, Tata Tele say arithmetical errors can be rectified and that there are duplication of entries
The Indian state's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, writes T N Ninan
Reliance Jio continues to maintain leadership in 4G segment with 20.7 megabit per second average download speed, while Vodafone Idea topped the chart in upload segment with 6.7 mbps data speed in May
Reliance Jio topped the 4G speed chart with data download rate of 20.1 megabit per second, while Vodafone was ahead of others in upload speed at 6.7 Mbps in April, according to the latest data from telecom regulator Trai. Jio has almost three times higher download speed compared to its closest competitor Vodafone. Though Vodafone and Idea Cellular have merged their mobile business as Vodafone Idea Ltd, the Telecom Regulatory Authority of India (Trai) still releases separate network speed data of both the entities. Vodafone recorded download speed of 7 Mbps in April, according to Trai's data updated on May 11. It was followed by Idea and Bharti Airtel with download speeds of 5.8 Mbps and 5 Mbps, respectively. Vodafone topped the chart in the upload segment, with network speed of 6.7 Mbps. It was followed by Idea with upload speed of 6.1 Mbps, Jio 4.2 Mbps and Airtel 3.9 Mbps. The download speed helps consumers in accessing content from the internet, while upload speed helps them in