The MTN saga is getting longer and longer and the deal is just not getting through. Earlier, Bharti – MTN deal was ruled out due to deviation of MTN from ‘in – principle’ agreement which is highly unethical for a conglomerate of such magnitude. And now, all of a sudden, Mukesh Ambani has jumped into [...]
fringe-benefit-tax's archives
Ambani vs. Ambani – Mukesh Ambani wants to buy ADAG’s flagship company, Rcom
Airtel and Vodafone under MRTPC scanner
Telecom industry is witnessing biggest all time paradigm shift in India. From spectrum war between Defence Ministry & TRAI, outcry of operators on TRAI recommending removal of cap on number of operators in the circle and also charging for 2G spectrums, spat between GSM and CDMA players on latter alleging that GSM players are misusing [...]
CA exam paper leaks for the very first time ever in 57 years!!! – a very unfortunate event in the history of ICAI
After IIM, IIT, AIIMS, now it is turn of ICAI, the Institute of Chartered of Accountants of India. ICAI has joined the list of prestigious institute of India for wrong reasons. For the first time in history of ICAI, the papers of entrance examinations (CPT) were leaked 15 minutes before the examination.
The examinations were [...]
Want to file and a PIL….jus e-mail !!!
Now good news for all those people who want to file a PIL. All you need to do it send an E-MAIL. Yes!!!! You have heard it right!! If you want to file a PIL against anything or anybody then just mail your application to a court!
In a recent bizaare and first of its kind [...]
Admission in Delhi – Not a Child’s play!!!!!!!!!!!!!!!!!!!!
The capital of biggest democracy in the world has come out with an admission policy that is a nightmare for all the parents who want to provide best education to their child. If you are a Delhite and had not been to a convent school please give all thoughts of providing the best to your [...]
SAARC Ministerial Council likely in Oct; India to raise SAFTA
India today said it will take up its objection to Pakistan limiting trade with New Delhi under the South Asia Free Trade Area at SAARC Ministerial Council meeting in October, but made it clear that tariff concessions offered to Islamabad would continue.
“SAARC Ministerial Council could be held in October. We would be raising the issue [...]
Daewoo founder gets sentenced for 10 years in Jail!
Kim Woo Choong, founder of Daewoo group was sentenced to 10 years in prison for fraud and embezzlement associated with the decline of the company under heavy debts. He is also supposed to pay $22.5 billion as a fine.
Kim Woo Choong, aged 69 is in poor health according to the Seoul Central District Court. [...]
Topsgrup Zeroes in on UK acquisitions
Topsgrup is now all set to buy the UK-based company and has stroked Rs.200-crore deal for it. It has already short-listed two British companies engaged in security services. Both the companies have a turnover about Rs.500-crore and a deal is on the cards.
Topsgrup is ranked as the second-largest security services company in India. It is [...]
Ad Valorem duty to hit CTV growth says Cetma
The consumer Electronics & TV manufacturer’s Association (Cetma) has severely criticized the government’s plan to impose a levy of 10-15% ad Valorem on sales of TV sets in the country. Cetma has described this move as “anti-aam aadmiâ€.
The industry association feels that such a levy would increase the tax burden on the color TV industry [...]
GE files 24, 000-page tax return
General electric company is fully charged up to beat any competition including one that does not even exist. Here, we are talking about filling the largest tax return.
GE filed a 24, 000-page tax return to the internal revenue service this month & this was done electronically that eventually consumed 237 megabytes.
This has made GE, [...]
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