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Apple Japan unit ordered to pay $118 million tax for underreporting income Apple Japan unit ordered to pay $118 million tax for underreporting income

 An Apple Inc iTunes unit in Japan was ordered to pay some 12 billion yen ($118 million) in tax by local authorities after underreporting income, media reported.

Uber launches UberSHAAN to create one million livelihood opportunities by 2018 Uber launches UberSHAAN to create one million livelihood opportunities by 2018

Smartphone app that connects riders with drivers at the push of a button Uber has announced the launch of UberSHAAN, an initiative aimed at creating one million livelihood opportunities as micro-entrepreneurs in India by 2018.

French Defence Minister arriving to sign Rafale jet fighter deal with India French Defence Minister arriving to sign Rafale jet fighter deal with India

 French Defence Minister Jean Yves Le Drian is likely to visit India next week to conclude the Inter-Governmental Agreement (IGA) between India and France for the purchase of 36 Rafale fighter jets, bringing to an end the 17-month-long negotiations.

Advance tax: SBI, ICICI see sharp fall; LIC, RIL pay more

Traditionally big taxpayers like large banks failed to cheer taxmen with their second quarter advance tax payouts, but others including steel and cement companies have done comparatively better, helping the department remain hopeful of meeting the annual target.

 

Risks could prompt downward revision of guidance: Infosys Risks could prompt downward revision of guidance: Infosys

Infosys may slash its revenue guidance for the second time this fiscal, stung by "risks" like challenges in the banking and financial services sector and cancellation of projects.

Reliance Jio now says operators violating portability norms Reliance Jio now says operators violating portability norms

Reliance Jio has sought the industry watchdog`s intervention over the three main telecom operators -- Airtel, Vodafone and Idea -- refusing to allow porting of their subscribers to its own network, in an alleged disregard to licensing norms.

RCom expects to sell towers in Oct, Aircel to divest its own RCom expects to sell towers in Oct, Aircel to divest its own

Telecom operator Reliance Communications is looking to close its long-pending mobile tower sale deal next month that may bring down its debt by around Rs 19,000-20,000 crore.

Vijay Mallya can seek Emergency Certificate to return to India: MEA Vijay Mallya can seek Emergency Certificate to return to India: MEA

Dismissing beleaguered businessman Vijay Mallya's claim that he is unable to travel back as his passport has been suspended by the Indian authorities, the government on Thursday said any citizen can approach the nearest Indian Embassy or High Commission and apply for an Emergency Certificate to return to the country.

Moody's places RCom rating on 'review for downgrade' Moody's places RCom rating on 'review for downgrade'

Moody's placed under "review for downgrade" the credit rating of Reliance Communications , a day after RCom's announcement to merge its wireless telecom business with smaller rival Aircel.

Indigo enters partnership with Travelport Indigo enters partnership with Travelport

Domestic budget carrier IndiGo has partnered with travel commerce platform Travelport to distribute its fares and ancillary products to portal's customers.

Vodafone proposes to triple its network connectivity with Jio Vodafone proposes to triple its network connectivity with Jio

 Telecom operator Vodafone India  said that it has decided to increase inter-connection capacity with Reliance Jio network.

Nirma raises Rs 4,000 cr debt to fund Lafarge deal Nirma raises Rs 4,000 cr debt to fund Lafarge deal

 Detergent major Nirma, which in July had agreed to buy the cement business of the French major Lafarge India, today raised Rs 4,000 crore debt to fund the deal, making it the largest rupee bond sale for a leveraged buyout.

ONGC Videsh to acquire 11% additional interest in East Siberia's Vankor Field ONGC Videsh to acquire 11% additional interest in East Siberia's Vankor Field

 ONGC Videsh (and its wholly owned subsidiary ONGC Videsh Vankorneft Pte. Ltd., Singapore - OVVL) jointly signed definitive agreements with Rosneft, the national oil company of Russia for acquiring additional 11 percent shares in JSC Vankorneft, a company organised under the law of Russian Federation which is the owner of Vankor Field and North Vankor license.

PVR to raise Rs 250 cr via NCDs PVR to raise Rs 250 cr via NCDs

Multiplex chain PVR Ltd is looking to raise up to Rs 250 crore through issue of non-convertible debentures to fund various activities, including acquisitions.

Unitech Q1 net loss narrows to Rs 43 cr Unitech Q1 net loss narrows to Rs 43 cr

Realty firm Unitech's consolidated net loss narrowed to Rs 43.18 crore for the first quarter ended June 30, on account of higher sales.

StayWell eyes 25 hotels in India in 3 yrs

 Australia-headquartered StayWell Hospitality Group is looking at 25 properties in India in three years under its two brands -- Park Regis and Leisure Inn -- mostly under management contract.

Uber partners NSDC, Maruti to skill 1 mn by 2018 Uber partners NSDC, Maruti to skill 1 mn by 2018

Transportation app Uber has launched a new initiative in partnership with Maruti and NSDC, for creating livelihood opportunities for one million people by 2018.

HC asks SGI Commex to file affidavit on plea on Vijay Mallya's jet HC asks SGI Commex to file affidavit on plea on Vijay Mallya's jet

The Bombay High Court on Wednesday asked city-based firm SGI Commex, which claims to have won the auction of Vijay Mallya's luxury jet, to file an affidavit in response to a petition filed by Mumbai International Airport Ltd (MIAL), seeking taxes and hangar charges of Rs 3.95 crore.

 

RCom, Aircel announce merger to create India's 4th largest telcom operator RCom, Aircel announce merger to create India's 4th largest telcom operator

In the biggest consolidation deal in India's telecom sector, Reliance Communications and Aircel on Wednesday announced the merger of their wireless operations to create a combined entity with assets worth Rs 65,000 crore.

Trai orders Airtel, Voda, Jio to submit call traffic details Trai orders Airtel, Voda, Jio to submit call traffic details

 Trai has ordered Bharti Airtel, Vodafone, Reliance Jio, BSNL and MTNL to submit call details to examine the traffic pattern on their networks, a move which may help the regulator analyse allegations by RIL group firm against incumbents on interconnection issue.