Vodafone has been asked to pay Rs 11,218 crore in tax by Indian authorities for its 2007 purchase of Hutchison Whampoa's mobile business, which it argues should only be taxed at 15%. Jaguar Land Rover launched armored versions of the Range Rover and Discovery starting at Rs 4.75 crore and Rs 3.75 crore respectively. Indian billionaires have been acquiring islands in the Caribbean and South Pacific, with five deals understood to have been made in recent months. Micromax launched the modu T, the world's lightest touch phone, in a partnership with Israel's modu Limited, which will be priced at Rs. 12,000 with a pre

1. WEEKLY NEWS SUBMITTED BY:- SurbhiJaitley

2. Hutch deal: I-T Dept asks Vodafone to pay Rs 11,218 cr as tax Indian tax authorities on Friday asked Vodafone to pay Rs 11,218 crore ($2.53 billion) tax on its 2007 purchase of Hutchison Whampoa Ltd's mobile business in the country. The tax demand is to be paid within 30 days of the receipt of the notice of demand. Vodafone argues that only the 15% is subject to tax

3. Jaguar Land Rover launches armoured vehicles priced at Rs 4.75 crore Tata Motors-owned Jaguar Land Rover launched the armoured range of its Range Rover and Discovery sports utility vehicles, with indicative prices of Rs 4.75 crore and Rs 3.75 crore respectively. The company is also looking at launching the armoured version of Jaguar XJ sedan, which could be priced around Rs 5.5 crore. Currently working on assembling some products from Land Rover in India in order to meet demands in India.

4. Indian billionaires now shop for Caribbean islands After jets, yachts and luxury holiday homes, Indian billionaires are now picking up another acquisition to flaunt - sun-soaked, palm-fringed islands in the Caribbean and the South Pacific. Though no one is disclosing names yet, five deals are understood to have been struck from India in recent months.

5. Micromax launches world's lightest touch phone Micromax launched a touch screen smartphone , modu T, in partnership with Israel-based modu Limited to tap the "aspirational" segment of the consumers. The 3.5G modu T was awarded the Guinness World Record for being the lightest touch phone in the world. Priced at Rs.12,000, the 2.2-inch touch screen phone will be available in the market with pre-bundled 2GB memory card