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Top headlines: Govt considers tax ordinance; Microsoft seeks Telangana deal

Pension funds have been missing out on good opportunities to invest in initial public offerings but soon pension fund managers will be allowed to invest in IPOs. Comprehensive guidelines on the matter are expected within a week. More on that story and other headlines. Centre mulls Ordinance for past tax assessment as litigation mounts The government is exploring legal options, including bringing an Ordinance, to tackle the problem of income-tax litigation on reassessment notices under old, time-barred norms, according to official sources. This has come in the wake of writ petitions filed by companies and individuals in recent weeks to challenge the validity of the notices issued by the tax department between April 1 and June 30 and under the old norms.

Rivals turn the heat on Sunil Mittal s stand on satellite spectrum

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Vodafone Idea to monetise assets to raise $1 billion

Vodafone Idea to monetise assets to raise $1 billion Vi CFO Akshaya Moondra said that the telco expects to generate an additional Rs 3,000 crore in cash this fiscal year. It aims to raise the amount by selling land parcels that were bought for data centres and through tax refunds Cash-strapped Vodafone Idea looks for a breather BusinessToday.In Updated Jul 05, 2021, 9:11 AM IST Cash-strapped telco Vodafone Idea, rebranded as Vi, is aiming to raise up to $1 billion or Rs 7,400 crore by selling its fixed line broadband subsidiary, optic fibre unit and three data centre businesses. The company is seeking to generate funds to ease its cash crunch.

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