Cigarette-maker Godfrey Phillips, other KK Modi businesses up for sale, says Lalit Modi Cigarette-maker Godfrey Phillips, other KK Modi businesses up for sale, says Lalit Modi

By  Administrator_India, Capital Sands All assets owned by late industrialist KK Modi, including cigarette-maker Godfrey Phillips, are up for sale, his son Lalit Modi confirmed on January 27. Godfrey Phillips India, which manufactures Marlboro cigarettes in India, currently has two major stakeholders – Phillip Morris (which owns 25.1 percent) and the KK Modi Group . Krishan […]

EU tells UK it will ‘never, never, never’ compromise on single market

By Administrator_India Capital Sands The European Union will “never, never, never” compromise on the integrity of its single market, its chief Brexit negotiator warned Britain on Monday, saying London must now face reality after underestimating the costs of leaving. Some British politicians have suggested Brussels might be flexible on its rules in order to protect […]

India faces first fall in direct taxes in at least two decades Exclusive: India faces first fall in direct taxes in at least two decades – sources

By Administrator_India, Capital Sands India’s corporate and income tax collection for the current year is likely to fall for the first time in at least two decades, over half a dozen senior tax officials told Reuters, amid a sharp fall in economic growth and cut in corporate tax rates. Prime Minister Narendra Modi’s government was […]

UK government borrows less than expected in December UK government borrows less than expected in December, but corporate tax take weakens

By  Administrator_India, Capital Sands Britain’s government borrowed less than expected in December but there were signs the economy’s weakness was hurting corporate tax receipts, while a pay rise for health workers pushed up spending. Borrowing excluding public sector-owned banks in December alone fell slightly compared with a year earlier to 4.765 billion pounds, the Office […]

AGR dues: DoT talks tough on deadline, telecom companies sit on the fence

By Administrator_India Capital Sands The Department of Telecommunications (DoT) will begin issuing notices to telecom companies after the January 24 deadline for payment of AGR (adjusted gross revenue) dues, set by the Supreme Court, lapses, a senior official said. This comes even as the apex court on Tuesday agreed to list the “modification petition” filed by Bharti Airtel, Vodafone […]