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Weekly News Submitted by: Aditi Swami MBA 2C
SC to hear Vodafone plea in Rs 12,000 cr tax case. ,[object Object],     S H Kapadia and Justices K S Radhakrishnan and Swatanter Kumar will hear on Monday the plea of UK-based Vodafone. ,[object Object]
The High Court order, dismissed  the petition of  Vodafone International challenging the Indian authority's demand for Rs 12,000 crore in taxes on the Hutchison deal.
The  IT department  held Vodafone liable for not deducting tax at source on capital gains to Hutchison and claimed around Rs 12,000 crore in tax and penalty for the 2007 deal.,[object Object]
The company had last week announced to slash 3,000 jobs in Europe as it plans to streamline operations after its USD 6.2 billion acquisition of the pharmaceuticals unit of Belgium-based Solvay in February.
The company said that the integration process of Solvay won't have any affect on the over 5,000 employees it had inherited following its deal with Piramal.,[object Object]

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Et news for the last week

  • 1. Weekly News Submitted by: Aditi Swami MBA 2C
  • 2.
  • 3. The High Court order, dismissed the petition of Vodafone International challenging the Indian authority's demand for Rs 12,000 crore in taxes on the Hutchison deal.
  • 4.
  • 5. The company had last week announced to slash 3,000 jobs in Europe as it plans to streamline operations after its USD 6.2 billion acquisition of the pharmaceuticals unit of Belgium-based Solvay in February.
  • 6.
  • 7. As per the data, average business brought by each employee of SBI stood at Rs 6.36 crore, against the industry average of Rs 8.73 crore.
  • 8.
  • 9. According to a recent Court order, the entire amount has to be paid by this November and Vijay-Mallya owned airline is paying it in installments.
  • 10. The state-owned NACIL (merged entity of Air India and Indian Airlines) owes Rs 250 crore plus Rs 50 crore on interest and the total credit of Jet Airways is close to Rs 50 crore.
  • 11.