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Business India

Vodafone wins tax battle at international court, India asked to pay $5.47 million as compensation

Vodafone Group Plc won an international arbitration case against the Indian government involving US$2 billion tax claim dispute. The international arbitration tribunal in The Hague ruled that India’s imposition of a tax liability on Vodafone, as well as interest and penalties, were in a breach of an investment treaty agreement between India and the Netherlands, […]

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Business

Vodafone Idea, Airtel post record loss of over $10 billion

Telecom giants Vodafone Idea Ltd and Bharti Airtel Ltd have posted record losses in the September quarter, ravaged by the Supreme Court verdict that upheld the government’s broader definition of revenue on which it calculates levies on telecom operators. [Telecom operators pay levies such as license fees and spectrum usage charge (SUC) as a share […]