Vodafone Group (VOD) was ordered by an Indian court to put up a deposit of 25 billion rupees ($554 million) while it challenges an Indian tax bill.
Vodafone, the world’s largest mobile-phone company, has to set aside 25 billion rupees with the court within three weeks and submit bank guarantees for 85 billion rupees within eight weeks, Bloomberg News said.
Indian authorities are seeking 112…
Continue reading Vodafone Ordered to Pay $554 Million Deposit to Indian Court
Vodafone Ordered to Pay $554 Million Deposit to Indian Court originally appeared on DailyFinance on Mon, 15 Nov 2010 07:29:00.
Filed Under: Company News, Technology, Media, Taxes