Saturday, September 19
The Supreme Court on Tuesday upheld a Gujarat High Court order that had quashed Gujarat stamp department's Rs 7.64 crore penalty imposed on Vodafone Idea Telecom Infrastructure, formerly known as Vodafone Towers, under Section 39(l)(b) of the Gujarat Stamp Act, 1958.The HC had set aside the penalty imposed by the Chief Controlling Revenue Authority as being disproportionate, excessive, unreasonable, illegal, and unjust.The genesis of the dispute lies in the Scheme of Arrangement sanctioned between Vodafone Idea (Transferor Company) and Vodafone Towers (Transferee Company) by the National Company Law Tribunal, Ahmedabad Bench, in September 2019. The scheme facilitated the transfer and vesting of the fiber infrastructure undertaking of Vodafone Idea into Vodafone Idea Telecom on a going conc
Shares of Berkshire Hathaway have remained under pressure since Warren Buffett unveiled his succession plans, falling more than 12% and underperforming the broader U.S. market. The stock is now heading toward its longest losing streak in three years, as investors grow increasingly uneasy about the conglomerate’s post-Buffett trajectory.Since May 3, when Buffett revealed his intention to hand over the reins of the Omaha-based investment group, Berkshire’s Class B shares have shed more than a tenth of their value. The decline has pared year-to-date gains to just 4.5%, falling short of the S&P 500’s 7% advance over the same period.The slump has extended into the summer months, with the stock logging losses in six of the past seven weeks. Should it finish July in negative territory,
