You can enter multiple email addresses separated by commas Message: LN on Tuesday fought back against India’s proposal to impose a heavy retroactive tax on some international mergers, saying the measure would violate the firm’s legal rights under an investment treaty between Netherlands and India. Last month, India proposed legislation that would allow it to tax transactions dating back to in which two foreign firms exchange an Indian asset. The measure would override a Supreme Court ruling in January that said Vodafone didn’t have to pay capital gains taxes on its deal, in which its Dutch subsidiary acquired a majority stake in an Indian cellphone company from a Cayman-Islands subsidiary of Hong Kong’s Hutchison Whampoa Ltd. A chorus of critics has joined Vodafone in pushing back on India’s retrospective tax proposal, which lawyers say would increase the costs and risks of many cross-border mergers involving Indian assets and give the government the power to make new claims on dozens of old deals. In a statement Vodafone said the legislation, which is part of a broader budget package that is expected to be taken up by India’s Parliament next month, is “a denial of justice and a breach of the Indian government’s obligations” under its treaty with the Netherlands. The treaty requires India to accord fair and equitable treatment to investors and to not go back on previous assurances, the company said. Officials at India’s finance ministry didn’t offer an immediate comment. The Vodafone tax case has become a major flashpoint in India’s relations with foreign companies, stoking concerns that the country’s regulations are becoming increasingly uncertain and volatile and that foreign firms are becoming a frequent target for a cash-strapped government that needs to raise tax revenue. The government has promised to rein in a fiscal deficit that stood at 5.
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L has set the ball rolling for the long-awaited initial public offer of shares in its Indian subsidiary by inviting banks, including Citigroup C. N , Goldman Sachs GS. N and Morgan Stanley MS. N , to make pitches to manage it, people with direct knowledge of the deal said. A man casts a silhouette onto an electronic screen displaying a Vodafone logo, in Mumbai, India, in this file photograph dated November 10, NS , had raised the prospect of a listing in India as early as
Vodafone blows whistle on snooping in India
Share this article Share The deal with year-old Piramal is a part of Vodafone’s plan to take per cent ownership of its Indian operations following the relaxation in foreign investment norms in the telecom sector, where the foreign direct investment ceiling was raised from 74 per cent to per cent. Max India chief Analjit Singh was the other minority shareholder in Vodafone India who already sold his stake early this year. The Piramal Group had earlier anticipated that it would exit through an initial public offer of Vodafone India shares.
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Close Be card sharp as swapping a mobile sim is key to a new scam. To her surprise she was told that her sim card had been changed. She was promised the mistake would be reversed and that her service would resume within two hours. Service resumed for three days, then stopped. Franks discovered that for the second time her sim had been changed without her knowledge.
Provided they can answer basic security questions, the old sim is cancelled and a new one activated. They can also request that security settings are changed to stop the victim gaining access to their account. The first the victim will know of a problem is when their mobile stops working and they report it to their provider. In the meantime, their bank account may have been emptied. Intelligent Finance, part of the Lloyds Banking Group, refuses to comment on whether incidents are on the rise, but says that it is working with network providers on the issue.
Santander, meanwhile, has installed computer software designed to detect and prevent this scam, and Financial Fraud Action UK says it is liaising with banks to improve security. Ofcom, the telecoms regulator, says it is a matter for the banking industry and individual network providers, and it has no plans to make mobile phone companies tighten up their security.
Franks feels that until the mobile phone industry raises security levels to reflect the rise in telephone banking, customers are at risk. Some banks offer free security software:
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The ZooZoo joke is on the million Indians who use Vodafone services. The direct-access wires Vodafone has admitted to are connected directly to its network, allowing agencies not only to monitor and record phone conversations but also to trawl metadata, which provides the location of a mobile device user and the time and date of communication.
Extreme secrecy The page report, however, did not mention the number of requests made by India as disclosure of information on interception and communications data is not allowed by domestic law. Vodafone, whose footprint spans 29 countries and million subscribers, did not say if it complied with the requests made by the Indian government. Obviously no access or information can be shared with the public as the details are with the government agencies. There have been many cases where the government agencies have not followed the procedure required for approval.
This could mean that orders for phone tapping may not have been taken from the authority concerned. The Intelligence Bureau, RAW and some other agencies too have considerable interception capabilities. Some of these capabilities spilled into the open when the Niira Radia tapes were leaked in The CMS, the reports had said, would give nine government agencies the power to access, in real-time, phone conversations, video conferences, text messages, emails, and even Internet search data and social media activity.
The Vodafone report is the first time a private service provider has published a report on its cooperation with government agencies to intercept and monitor phone conversations and other digital communications. Bluster that all is well is wearing pretty thin — our analogue laws need a digital overhaul. During this period, it received the highest number of requests — , — for metadata of mobile phones in Italy, while it received 98, requests in Tanzania and 48, requests in Spain.
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Licences for these circles had initially been awarded by the DoT in , and respectively. Between and , Hutchison acquired interests in all 23 mobile telecom circles of India. But later Hutch took the majority stake.
Vodafone india customer care number keyword after analyzing the system lists the list of keywords related and the list of websites with Speed dating in my area 2. What breed is a bully 3. Online masters in Vodafone customer care contact number in India, Vodafone customer care toll free number in.
Foreign direct investment FDI has been a major factor in the growth of the Indian economy. A well-regulated FDI regime ensures a steady inflow of foreign exchange into India. Since FDI is one of the main routes for inbound dollars, a decline in offshore investments has further devalued the rupee. It all started in with Vodafone. India was a favorite FDI destination at the time. The Indian tax coffers were left undisturbed in the transaction.
In September , the income tax department of India sent a notice to Vodafone enquiring after taxes on capital gains in connection with the deal. Vodafone maintained that the transaction had no link with India since no HEL shares had actually been transferred. A conflict arose when the taxability of a transfer of shares in an Indian company between two non-residents was challenged.
The income tax department alleged that the transaction involved the purchase of assets in an Indian company and was therefore liable to be taxed in India. Vodafone petitioned the Bombay High Court but was dismissed: Thereafter, Vodafone approached the Supreme Court of India and the decision swung back in favor of Vodafone. By January , what started off as a multi-billion dollar tax dispute snowballed into a major investment standoff.
This led to a vicious witch hunt of cross-border transactions from the past.
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There are three network operators in Turkey: Turkey is not an EU country, so roaming fees from many operators can be priced quite high. Generally, you can buy a local SIM card by showing your passport in a store. Registration for foreign mobile phones Edit All mobile devices purchased outside Turkey which use a Turkish SIM must be registered with the government after a period of grace. In , this grace period was extended to days.
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Identifying the need for people to connect and have real conversations, Vodafone is again encouraging us to LookUp and this time around, celebrate Diwali with our families, by keeping down our devices. Vodafone launches a video under its successful LookUp campaign, urging viewers to celebrate Diwali with each other rather than with devices — Kyunki apno se acha koi network nahi, apnepan se acha koi connection nahi.
The film beautifully brings out the changing nature of Diwali celebrations seen through the eyes of a kid. With its stark difference, the film shows how technology sometimes takes over and people lose out on the connections that really matter. In the hyper-connected world, Vodafone again reiterates the need for real conversations, especially on occasions and festivals.
Our LookUp campaign has resonated well with our audience- generating online and offline talkability and driving up brand preference for Vodafone. Last year, Vodafone started the Lookup campaign to encourage people to have real conversations on special occasions with people that matter.