GET Stock QuotesNews18 APP
News18 English
Powered by cricketnext logo
»
1-min read

Supreme Court Allows Vodafone to Initiate Second Arbitration Over $2 Billion Tax Demand

Vodafone, the world's second-largest mobile operator, entered India in 2007 by acquiring Hutchison Whampoa's wireless assets. It is contesting a tax bill of more than $2 billion relating to that acquisition.

Reuters

Updated:December 14, 2017, 3:11 PM IST
facebookTwittergoogleskypewhatsapp
Supreme Court Allows Vodafone to Initiate Second Arbitration Over $2 Billion Tax Demand
(Representative image)
Loading...
Mumbai: The Supreme Court on Thursday allowed Britain's Vodafone to initiate a second arbitration process under an India-UK investment pact over New Delhi's tax demand for more than $2 billion arising out of a deal that was struck a decade ago.

Vodafone, the world's second-largest mobile operator, entered India in 2007 by acquiring Hutchison Whampoa's wireless assets. It is contesting a tax bill of more than $2 billion relating to that acquisition.

Separately, Vodafone has already initiated an arbitration process under India's investment pact with the Netherlands.
Read full article
Loading...
Next Story
Next Story

Also Watch

facebookTwittergoogleskypewhatsapp
Most Active
Company Price Change %Gain
Kotak Mahindra 1,213.50 -3.38
ICICI Bank 359.70 2.22
Yes Bank 181.75 0.78
Vedanta 206.30 2.33
Maruti Suzuki 7,734.95 0.95
Company Price Change %Gain
Yes Bank 181.75 0.78
Kotak Mahindra 1,214.80 -3.22
Tata Motors 174.25 4.40
Maruti Suzuki 7,736.05 1.07
Vedanta 206.50 2.63
Top Gainers
Company Price Change %Gain
Tata Motors 174.40 4.46
Power Grid Corp 192.35 3.58
Vedanta 206.50 2.43
ICICI Bank 359.95 2.29
HDFC 1,941.70 1.97
Company Price Change %Gain
Tata Motors 174.30 4.43
Power Grid Corp 192.20 3.61
Vedanta 206.50 2.63
ICICI Bank 359.45 2.09
Wipro 339.85 2.03
Top Losers
Company Price Change %Gain
Kotak Mahindra 1,212.65 -3.45
Indiabulls Hsg 777.85 -1.90
Bajaj Finserv 6,056.00 -1.97
Infosys 694.90 -1.58
Bharti Airtel 317.05 -0.69
Company Price Change %Gain
Kotak Mahindra 1,214.35 -3.26
Infosys 694.65 -1.55
Bharti Airtel 316.80 -0.63
SBI 287.65 -0.52
Hero Motocorp 3,290.25 -0.70

Live TV

Loading...
Countdown To Elections Results
  • 01 d
  • 12 h
  • 38 m
  • 09 s
To Assembly Elections 2018 Results