British telecom giant Vodafone was learnt to have applied to the government for raising its stake in its Indian arm to 100 per cent at an estimated $2.7 billion (Rs 16,600 crore), according to a PTI report.
Telecom major Vodafone India launched its 'M-Pesa' service, which facilitates money transfer through mobile phone, in Goa on Friday.
Vodafone had raised its stake to 74 per cent in Vodafone Essar Ltd by buying shares of Essar in the company in 2011. The British major bought Essar's 33 per cent stake in Vodafone Essar for $5.46 billion in July 2011.
While Vodafone has selected its senior official Mathew Kirk, the government has from its side selected law secretary P.K. Malhotra to begin the pre-conciliation talks.
Vodafone India and ICICI Bank, have extended 'M-Pesa,' a mobile money transfer and payment service to Delhi and NCR.
The Central Board of Direct Taxes (CBDT) has formally written to British telecom major Vodafone, agreeing to enter into a non-binding conciliation to resolve the long-standing tax dispute.
Mahindra Reva partnered with telecom operator Vodafone for powering its electric cars with machine-to-machine (M2M) communication services
Combes, a former finance chief at France Telecom, will replace Ben Verwaayen, who led Alcatel-Lucent for five years but failed to deliver a long-promised turnaround.
Vodafone India, one of India?s leading telecommunications service providers has launched Vodafone Secure Device Manager for corporates.
Vodafone India launched a solution, Secure Device Manager, for its corporate clients which will allow enterprises secure company data on mobile handsets and tablet PCs of their employees.
The income tax department is fighting cases against various companies involved in transactions similar to Vodafone-Hutchinson deal.