Tech Mahindra acquires 51% stake in Comviva
Mumbai: Tech Mahindra on Monday said it has acquired 51 per cent stake in Gurgaon-based mobile application firm Comviva from Bharti Group and other shareholders for Rs 260 crore.
Top 100 cos pay 10% more in advance tax
Mumbai: The overall advance tax realisation from the top 100 companies in the financial capital during the second quarter logged in a healthy 10 per cent rise.
IPAB dismisses Bayers plea on cancer drug
Chennai: The Intellectual Property Appellate Board has dismissed a petition of Bayer Corporation,seeking a stay on an order of the Controller of Patents,granting compulsory licence to Natco Pharma for a drug used to treat liver and kidney cancer.
Vodafone considers $2.2 bn tax provision
London: Vodafone Group Plc,which has resisted setting aside money for a $2.2 billion tax bill in India,may make a provision to cover the legal risks,chief financial officer Andy Halford said in an interview to Bloomberg.
Unitech to reply to Telenors plea
New Delhi: The Delhi High Court on Monday asked Unitech Ltd to respond to its joint venture partner Telenor Asia Ptes plea seeking Rs 6,400 crore as indemnity from it for the losses to be caused to it after cancellation of the 2G spectrum licences.