SEBI wants PSUs to follow holding norm

The new rules introduced by Finance Minister, Pranab Mukherjee in this year’s budget, state that firms in which promoters own more than three-fourths of the shares should increase the public float by 5 percent annually. Economic times spoke with A Rajagopal, Managing Director & head of Global Capital Markets, UBS along with Akila Agrawal, Partner in Amarchand & Mangaldas.

India-Vodafone Fight Tests Political Ties

The Wall Street Journal has reported on the British Prime Minister David Cameron's visit this week to India could be dampened  by the tax dispute between Vodafone, a UK company and the Indian tax authority. This decision will impact foreign companies who look to India as a market for investments.

Rajiv Luthra Managing Partner, Luthra & Luthra has quoted, "If Vodafone loses, it will have pretty serious ramifications."

Manish Antani, Barnes & Thornburg LLP, US based law firm said, "He doesn't beleive that foreign investors will be scared off by the Vodafone case but that foreign acquirers should expect high scrutiny from Indian courts for any questionable tax-saving attempts." 

Please read about our coverage on this issue.

Vodafone’s call to Bombay High Court gets them relief from the IT Department - Dutt Menon Dunmorrsett appear for the telecom giant

ALMT advises Vodafone on CBDT Tax call

In ruling on iPhones, Apple loses a bit of its grip

The Library of Congress, which has the power to define exceptions to an important copyright law, said on Monday that it was legal to bypass a phone's controls on what software it will run to get "lawfully obtained" programs to work.

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