Vodafone wins Rs 3200 crore tax claim case in Mumbai HC
In a major relief to telecom major Vodafone, the Bombay High Court on Friday ruled in its favor, saying the company does not need to pay additional tax of Rs 3,200 crore, as demanded by income tax authorities. The tax authorities had accused Vodafone India of violating transfer pricing regulations... read more »
Better than Coke: Apple, Google Are Top Brands — Again
For the second year in a row, Apple and Google are Nos. 1 and 2 — not just among technology brands, but all brands. According to Interbrand’s annual Best Global Brands ranking, Apple, valued at $118.9 billion, increased its brand value by 21 percent. Google, valued at $107.43 billion,... read more »
Oil Sinks to Four-Year Low Below $90 as OPEC Ups Supplies
New York: Global oil prices sank below $90 a barrel on Friday to the lowest level in nearly four years, with US crude falling to a two-year low, as growing oil supply and weak economic signals fuelled what is now a near four-month price rout. Fast-rising oil output in North America and tepid... read more »
Reliance seeks sale of Eagle Ford Basin stake for up to $4.5 bn
New York: India’s Reliance Industries Ltd is seeking a buyer for its stake in the Eagle Ford Basin oil and natural gas joint venture with Pioneer Natural Resources Co, a sale that could raise up to $4.5 billion, according to people familiar with the matter. Pioneer, which has about 230,000... read more »
