Other Briefings
Bharti Airtel M&A Will Create World’s Largest Transnational Telecom Provider
May 27 – India’s largest telecommunications company Bharti Airtel has announced plans for a merger with South Africa’s MTN in a US$23 billion deal that would see the business become the world’s largest transnational service provider, with over 200 million customers in 26 countries. The new company would be the world’s fourth largest telecom entity, […]
New Indian Goods and Services Tax Regime in Place by 2010
May 26 – The Indian government is studying tax reforms that will sweep away part of the current VAT system, a variety of state level direct and indirect taxes, excise duties, service tax and luxury tax and replace them with a single Goods and Services Tax (GST). The GST will require legislative and constitutional changes […]
India Releases New Anti-Competition Laws
By Vikas Srivastava May 25 – The Indian government has announced the changes to the Competition Act of India dealing with anti-competitive agreements and abuse of dominance. The details of how the changes affect Indian M&A have yet to be ratified, although it is expected to be brought into law later this year. To strengthen […]
Indian M&A Trends Report Out Now
May 25 – Cross-border business development agency, Dynamic Orbits, has released their April M&A Trends Overview for India. According to the report, the Indian economy is faring better than expected and appears to have largely absorbed the negative aspects of the global financial crisis, partially because exports account for just 18 percent of its GDP. […]
Congress Party Gets Tough with Coalition Partners
May 23 – In signs that the newly elected Congress Party is now in a position to properly govern in the manner it sees fit, party leaders have rejected demands by the strong allied party DMK for ministerial seats in return for coalition support. Although Congress currently holds the most seats, it is 11 short […]
Manmohan, 19 Cabinet Members to be Sworn-In Today
May 22 – Prime Minister Manmohan Singh and 19 cabinet ministers will be sworn into office this evening. All 19 ministers will be given a cabinet rank, although their portfolios are yet to be determined, according to Indian Express. Among those that will be inducted to the Cabinet are Senior Congress leader Pranab Mukherjee, NCP […]
Vodafone’s Indian Subsidiary Accounts for 93 Percent of All New Users
May 21 – The British mobile network operator’s Indian subsidiary, Vodafone Essar, accounted for 93 percent of all new users worldwide, according to quarterly reports. Vodafone is the world’s largest cellular operator in terms of revenues with operations in over 30 countries. In the past quarter, 8.4 million new users joined the network with India […]
China is India’s Largest Import Source
May 21 – In the last two years, China has grown to become the largest source of India’s imports; forcing Indian authorities to implement anti-dumping measures. India has already filed 17 World Trade Organization anti-dumping cases against China beginning October 2008. It is imposing anti-dumping duties on Chinese imports to protect local industries from a […]
