- Nokia Tax Evasion Case
The Income Tax Department has asked Nokia to pay Rs 13,000 crore before March 31, 2012 for tax and transfer-pricing issues, reports The Economic Times. Citing a source, the report said that the Income Tax Department has asked Nokia to pay Rs 3,000 crore for tax violations and Rs 10,000 for transfer pricing issues.
This follows tax raids from Indian Income Tax officials on Nokia India’s Sriperumbudur (TamilNadu) plant and offices in Chennai earlier in the month. The Income Tax department had later apparently asked Nokia India for a clarification on non-payment of ‘tax deducted at source’ (TDS) on software supplies and on change in accounting model. The department had pointed out that Nokia India was sending its parent company Nokia OYJ, payments for software supplies since 2005, which attracted TDS as per the IT Act. However, Nokia did not deduct any TDS on these payments.
- Bharti Airtel Bidding For Telecom License In Myanmar
Bharti Airtel has submitted a bid for telecom license in Myanmar to expand its presence in Asia, reports The Hindu Business Line. The company currently has operations in Asian countries like India, Bangladesh and Sri Lanka. Airtel will be competing with four other contenders for these licenses which includes Singapore’s Singapore Telecommunications (SingTel) and St Telemedia, Norway’s Telenor and Malaysia’s Axiata. Myanmar will be issuing these licenses in June and may last up to 20 years with an option for renewal, as indicated by the report.
- Review Committee To Look Into Prasar Bharti’s Role
Indian Government has set up a seven-member review committee under Sam Pitroda to review the Prasar Bharti’s role as a public broadcaster, reports The Times Of India. The committee will reportedly review Prasar Bharti’s relationship with the government, suggest measures for digitizing archival material from Doordarshan and All India Radio including content from the Independence movement era, overseas expansion plans and use of new media to deliver digital content.
- Is Vishwaroopam Ban An Attack On Freedom Of Speech?
Rezwan, an author at GlobalVoices, questions if the recent ban on the Kamal Hassan Movie ‘Vishwaroopam’ an attack on Freedom of Speech. Read more that GlobalVoices.
- Zoom TV Launches New Website
Bollywood television channel Zoom TV has launched a new responsive website Zoomtv.in, which will offer regular channel programming, exclusive videos, unused channel footages, movie trailers, promos, and stills. It will also offer content like Insider gossips, photos, blogs and articles by Zoom anchors and reporters.
- HolidayIQ Appoints New VP-Marketing
Holiday information portal HolidayIQ.com, has appointed Sushant Sreeram as Vice President – Product Marketing. Prior to joining HolidayIQ, Sreeram was heading eBay India’s acquisition and marketing division. He’s also had stints with Textron Inc, Hindustan Unilever Limited, and co-founded Inkfruit.com. HolidayIQ.com claims to have about 30,000 hotels & 1300 destinations listed on its website and have 50 lakh monthly users.
- Dentsu Launches iButterfly
iButterfly combines three different technologies like augmented reality, motion sensing and GPS and creates a virtual environment where marketers can push branded messages or promotional information to the audience by transforming content into virtual butterflies that can be caught on mobile devices and stored through a simple swipe action.
Users can download the iButterfly application from iTunes Store or Google Play. Once these butterflies are caught they can be collected and redeemed or traded for offers. These virtual butterflies can also be exchanged among friends & family. Users can also search for butterflies on Google Maps and visit those places to get access to offers.