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Vodafone confirmed in a statement emailed to AFP it had filed an application to settle the dispute.
"We have always been confident that no tax liability arose in respect of our acquisition of the Indian business, and this was borne out by the decisions of the Supreme Court of India and the International Court of Arbitration," a spokesperson said.
The dispute arose from Vodafone's acquisition of one of India's largest mobile phone operators, Hutchinson Essar, in a 2007 deal.
New Delhi had claimed some INR200 billion, about USD2.7 billion, in past taxes, according to a Bloomberg News report in August.
Some INR447 million, about USD5.9 million, collected by the government from Vodafone so far was expected to be refunded, The Economic Times reported Friday.
All 17 companies affected by the retrospective tax law have applied for refunds, the newspaper added.
Additional confirmation that things are speeding up!!
Depends on what you mean by the value of the company. If it is based on the fundamentals, every single financial event both actual and potential will go to form an opinion on the value of the company. This is independent of the SP. The other way of looking at the value of the company is just to look at the SP and multiply by the number of shares. The 2 values should normally be equal at least approximately. But in the case of an inefficient market the 2 can be widely divergent and that is when the wise investor spots a value in buying the share.. This is PGee's point. There is a good value in buying the share at say 192p.
Depends on what you mean by the value of the company. If it is based on the fundamentals, every single financial event both actual and potential will go to form an opinion on the value of the company. This is independent on the SP. The other way of looking at the value of the company is just to look at the SP and multiply by the number of shares. The 2 values should normally be equal at least approximately. But in the case of an inefficient market the 2 can be widely divergent and that is when the wise investor spots a value in buying the share.. This is PGee's point. There is a good value in buying the share at say 192p.