2. Hutch deal: I-T Dept asks Vodafone to
pay Rs 11,218 cr as tax
โข Indian tax authorities on Friday asked
Vodafone to pay Rs 11,218 crore ($2.53
billion) tax on its 2007 purchase of Hutchison
Whampoa Ltd's mobile business in the
country.
โข The tax demand is to be paid within 30 days of
the receipt of the notice of demand.
โข Vodafone argues that only the 15% is subject
to tax
3. Jaguar Land Rover launches armoured
vehicles priced at Rs 4.75 crore
โข Tata Motors-owned Jaguar Land Rover launched
the armoured range of its Range Rover and
Discovery sports utility vehicles, with indicative
prices of Rs 4.75 crore and Rs 3.75 crore
respectively.
โข The company is also looking at launching the
armoured version of Jaguar XJ sedan, which could
be priced around Rs 5.5 crore.
โข Currently working on assembling some products
from Land Rover in India in order to meet
demands in India.
4. Indian billionaires now shop for
Caribbean islands
โข After jets, yachts and luxury holiday homes,
Indian billionaires are now picking up another
acquisition to flaunt - sun-soaked, palm-fringed
islands in the Caribbean and the South Pacific.
โข Though no one is disclosing names yet, five deals
are understood to have been struck from India in
recent months.
5. Micromax launches world's lightest
touch phone
โข Micromax launched a touch screen smartphone ,
modu T, in partnership with Israel-based modu
Limited to tap the "aspirational" segment of the
consumers.
โข The 3.5G modu T was awarded the Guinness
World Record for being the lightest touch phone
in the world.
โข Priced at Rs.12,000, the 2.2-inch touch screen
phone will be available in the market with pre-
bundled 2GB memory card