India has written to Vodafone Group Plc saying it’s ready for talks to settle a $2.2 billion tax dispute, a Finance Ministry official with direct knowledge of the matter said, bringing the resolution of the clash closer.
Vodafone Group Plc will buy an additional 33 percent stake in its Indian joint venture for $5 billion after partner Essar Group exercised an option to sell the holding in India’s third-largest mobile-phone operator.
Vodafone Group Plc , the world’s largest mobile-phone company, is ready to start talks to sell its 7 billion-pound ($11 billion) stake in SFR to Vivendi SA , the Daily Mail reported, citing people familiar with the matter.
Vodafone Group Plc may win a reprieve in a $2.2 billion Indian tax case after a panel opposed a retroactive clause in the nation’s laws that drove away foreign investors and pushed the rupee to a record low.
Charles O. “Chuck” Prince and Robert Rubin were among Citigroup Inc. officials who knew 2007 losses were mounting on mortgage assets that U.S. regulators have faulted the bank for not disclosing, a court filing shows.
Former Citigroup Inc. stockbroker Ralph Casbarro was fined $500 and received no prison sentence or probation for his involvement in a scheme to let day traders eavesdrop on internal conversations over brokers’ “squawk boxes.”
A Vodafone Group Plc official’s comment that retroactive taxes discourage foreign investments in India is an “attempt at intimidation” over a $2.5 billion payment dispute, Attorney General Goolam Vahanvati said.
Vodafone Group Plc is in talks to sell its 55 percent stake in Vodafone Egypt Telecommunications Co., a person familiar with the matter said. The stake is valued by analysts at about 3 billion pounds ($4.3 billion).