Search Results for: Vodafone

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Capital observes road safety march

New Delhi, Feb 22 (ANI): To ensure road safety among people, the capital of India, New Delhi observed Road Safety March in association with Vodafone on Sunday (February 22). It is estimated that more than 20 per cent fatalities occurs mostly in all the metropolitan cities of India. The participants in the march gathered early in the morning and spoke to pedestrians about following traffic rules and safe driving. Most of the participants were wearing red and white t-shirts to portray equality. Delhi experiences heavy congestion throughout the day although it has highest proportion of road compare to other urban cities of India. Increased domestic vehicles also serve as one of the major reason among others. Feb 22, 2015
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Vodafone's CEO meets Telecom Minister Ravi Shankar Prasad

New Delhi, Feb 03 (ANI): The CEO of Vodafone Group, Vittorio Colao, on Tuesday met Union Telecom Minister Ravi Shankar Prasad in New Delhi. Colao said that India has great opportunity in terms of expanding telecom business. He added that listing decisions will be taken by the board if they are in favour. Feb 3, 2015
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India needs 'predictable' tax regime, says Jayant Sinha

New Delhi, Jan 29 (ANI): India needs a 'simple, predictable and fair' tax regime to restore foreign investor confidence, said Minister of State for Finance Jayant Sinha on Thursday. On Wednesday, the Bombay High Court dismissed a tax notice amounting to Rs 3,200 crore sent against Vodafone, ruling that there is no taxable income on share premium received on the issue of shares. After the ruling, the Centre decided to not appeal against the judgement, however stressing that while many cases are currently sub-judice, every case has to be looked at differently. Jan 29, 2015
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Government not to appeal Vodafone tax ruling

New Delhi, Jan 29 (ANI): The central government will not appeal a regional court ruling in favour of Vodafone Group Plc in a long-running tax dispute, the cabinet decided in a move aimed at boosting investor confidence in Asia's third-largest economy. Vodafone, the biggest foreign corporate investor in India, has been involved in a series of tax disputes since it entered the country seven years ago. In one such case, India's tax office had accused a unit of the British group of under-pricing shares in a rights issue to its parent company and demanded tax of about 30 billion rupees. The Bombay High Court had in October ruled in favour of Vodafone, and later the attorney general had recommended the government to refrain from appealing that ruling at the Supreme Court. Communications and IT Minister Ravi Shankar Prasad said the decision was in direction to assure investors of a fair and just Indian government. Jan 29, 2015
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