Tax-Dodging Celebrities: Rich And Famous Move To Tax Havens

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Santa Claus Goes Through Security Checkpoint At U.S. Capitol (PHOTO CAPTION CONTEST)

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Thomas Cunningham, One Of The CU-Boulder Students Accused Of Feeding Pot Brownies To Class, Charged With 18 Felonies

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'Mad Men' Golden Globes Snub And More TV Shows And Stars That Deserved 2013 Nominations

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Golden Globes Nominations List: 2013 Nominees Include 'Lincoln,' 'Homeland'

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Maryland Transportation Funding: Business, County Leaders Urge State To Raise Money For Roads, Transit

An automated pumping machine displays the rates of different types of gasoline at a service station in Silver Spring, Maryland, on February 7, 2011. (Photo by JEWEL SAMAD/AFP/Getty Images) Get DC Alerts:Sign Up Follow:  Video, Maryland Gas Tax, Maryland Gas Tax Road Funding, Maryland Politics, Maryland Transportation Funding, Rushern Baker, Maryland, Michael Busch,DC News #news_entries #ad_sharebox_260x60 img

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Stephen Colbert's 'America Again' Tops Bill O'Reilly's 'Killing Kennedy' (VIDEO)

The Colbert Report
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Cabinet to discuss unsold spectrum pricing issue today

were some of the most expensive in last month’s 2G spectrum sale. The circles saw no takers as operators found
the base price too high. At the old rates, the government would have earned a minimum of Rs 8,843.55 crore if the 5 Mhz each in these four circles were sold out.

The Empowered Group of Ministers (EGoM) on December 7 also suggested auctioning spectrum in 900 MHz band in Delhi, Mumbai and Kolkata simultaneously with the sale of radiowaves in 1800 Mhz in these four circles.

Telecom minister Kapil Sibal after the EGoM had said that the recommendations of EGoM will go to “Cabinet for the approval on the pricing”. As per the EGoM decision, the auction is to be completed within ongoing financial year. There were also no bidders for CDMA spectrum but EGoM did not decide on the auction of airwaves in 800 Mhz band.

The last 2G mobile phone spectrum auction was virtually a flop as government managed to garner bids worth just Rs 9,407 crore as against a minimum target of Rs 28,000 crore.
According to sources, the EGoM also decided to recommend to Cabinet that reserve price for premium  900 Mhz band, being used currently by Bharti Airtel, Idea Cellular and Vodafone in Delhi and Mumbai service area, should be twice the reserve price for 1800 Mhz band.

For Kolkata, the EGoM recommended that price for 900 Mhz band should be twice the price obtained for 1800 Mhz band in the recent auction which was Rs 113.72 crore for each block of spectrum having 1.25 Mhz of airwaves frequencies.

PTI

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Biyani learnt it the hard way. You, can follow these 7 steps

Here’s a list of things Biyani has learnt about doing business.

On the other hand, his elder daughter, Ashni Biyani, launched herself into entrepreneurship. During the slowdown she has seen only downturns but anticipates to taste success in the future.

2. Remain relevant in business: Only a business that keeps pace with changing times can ensure sustainability for itself. To be in sync with the needs of a customer, it is vital to observe popular trends and practices.

The objective being tracking the mindset and interest levels of people. This could involve observing brands that people shop, television soaps they watch videos with maximum hits on social networking sites and many more. The idea is to understand and tap unexplored options or revise existing models.

3. Top line growth in not the only relevant priority: This concept has appealed to him very recently after reading the book Small Giants by Bo Burlingham where he read about a lot of businesses that wanted to sustain a particular level of growth in absolute values.
Further growth for such organisations came from improving already existing systems and narrowing down efficiencies for every field of the enterprise. His younger daughter, Avni Biyani, is being trained by him on the same concept, where the magnitude of growth is not large but  doing small tasks with finesse and precision is improvised.

4. No place for emotions in business: Business is driven only with passion and to do business an entrepreneur has to be rational at all times, good or bad. It is difficult to find and identify flaws in things that seem dear but tend to create a major hindrance in the growth process. The same principle applies to business as well.

Emotions potentially deter an entrepreneur from taking harsh decisions which are in the best interest of the firm.

5. Don’t lose sight of stakeholders and employees: Stakeholders are the only ones that are equally affected by the business an entrepreneur runs. Not considering them as part of the same family could have damaging effects in the long run, especially when the business is going through turmoil.

6. LSD: With respect to employees, he has an interesting abbreviation for keeping them happy called LSD (Lakshmi, Saraswati, Durga). Pay your employees more than what they deserve; it creates an urge for them to justify their work. Empower them with the skills and knowledge so that they are assets for your firm and help in the decision and execution process. Give them the adequate degree of control and power. With power comes accountability and responsibility. These three factors help breed loyalty and create an organizational culture.

7. Be positive, laugh at your mistakes and accept criticism: Three very difficult things to follow but inevitable traits for an entrepreneur. Positivity helps overcome the most depriving circumstances. It is the only binding force that can keep the business and the people associated with it to stick around. Laughing at mistakes makes failures look like temporary setbacks hence it is easier to get over the blunders made and at the same time creates a learning lesson. Criticism, if not taken correctly, could potentially make an entrepreneur make a mistake he was warned about.

Why learn the hard way when an easier option is available?

Story first published in entrepreneurindia.in

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Satyam settles Aberdeen Global, other claims for Rs 369 cr in accounting fraud

In July 2012, Mahindra Satyam settled claims by other Aberdeen-affiliated former investors brought in the US for $ 12 million

“The claimants have claimed that they have suffered losses of an estimated sum of $298,339,978 and additional consequential losses. By virtue of the settlement, the claims have been fully and finally disposed of on the basis of, inter alia, a payment of $ 68 million,” the company said in the filing.

In July 2012, Mahindra Satyam settled claims by other Aberdeen-affiliated former investors brought in the US for $ 12 million, it said.

A class action brought in the US on behalf of other former investors in the company was also settled in February, 2011, it added.

Tech Mahindra took over the reins of the scam-hit Satyam Computer Services in April, 2009, and rebranded it as Mahindra Satyam.

Last year, the IT company had settled out of court a class action suit slapped by US-based investors of the company’s ADS issue for $ 125 million, and in April 2011 it settled its litigation with the US Securities and Exchange Commission for $ 10 million.

In December 2009, Satyam had entered into a settlement with UK-based mobile payment solutions provider Upaid Systems for $ 70 million.

Mahindra Satyam scrip was trading a at Rs 103.40 apiece on the BSE, down 0.39 percent.

PTI

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Notices to Reliance, Sahara 6 other insurance cos for tax violation

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First Videocon, now Tikona: 4G is all about competitive pricing

AFP

The company is also planning to roll-out around 30,000 public WiFi hotspots in the country within the next five years. This, however, could pose a threat to Mukesh Ambani’s Reliance Industries which  reportedly has also  inked a contract with Ericsson to set up around 30,000 WiFi hotspots across commercial buildings, offices and malls  since it has the advantage of having a pan-India BWA presence.

Earlier this month, Videocon also announced that it will  launch 4G services in all the six circles (Bihar, Haryana, Gujarat, Madhya Pradesh, Uttar Pradesh East and Uttar Pradesh West) in which it recently bought 1,800 MHz spectrum for Rs 2,221 crore, but at prices lower than 2G and 3G.

Currently, only Airtel has launched 4G services in a few cities such as Kolkata and Bangalore but at a much higher Rs 13-15 per MB (Its 6GB plan in Kolkata costs around Rs 999 (plus taxes) , while Aircel and RIL  plan to launch their 4G services in another six months.

Analysts expect RIL to offer very high-speed internet services at cheap rates, which is why perhaps the company has plans to launch MiFi devices, which will convert the 4G signal to a mobile WiFi hotspot, allowing users to access 4G speeds across various Internet enabled devices on the go.  Reliance’s comparative 4G edge lies in the ability to build better economies of scale by offering a pan-India service, attracting more customers by offering nationwide 4G roaming.

Moreover, analysts are betting on RIL to be the game-changer as they have no backlog of investments in 2G and 3G unlike other 4G service providers.

With so many players in the fray, competitive pricing is the only way out for these telecom majors. As Mahesh Uppal, director at Com First (India), a consultancy firm, told ET, ”Anyone launching 4G services has to be price competitive. Otherwise, why would a consumer move to a new player if he also has to pay a higher tariff. Broadband on mobile is a vanilla product.”

However, even if competitive pricing is possible on data dongles which are available from Chinese manufacturers like Huawei,  handsets (smartphones) that can support TD-LTE ( 4G works on only phones with this technology) are relatively unknown.

Despite this hurdle, Bharti Airtel has so far added 3,180 TD-LTE subscribers through its 4G network in Kolkata and Bangalore, while state-run BSNL has provided 50,077 connections through 4G/WiMAX.

According to a recent estimate, number of TD-LTE users is likely to reach 5 million by 2013. But the growth of this market depends more on equipment manufactures such as Nokia, Samsung and Apple, which are expected to launch LTE-enabled smartphones in the near future.

As Firstpost had reported earlier, some existing 4G operators are going to offer pocket-sized Wi-Fi routers for around Rs 2,500 which would enable existing EDGE or 3G-enabled smartphones to use high-speed internet.

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Fiscal Cliff Poll Shows Strong GOP Support For Raising Taxes On Wealthy

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Google Maps Returns To Apple iPhone With New Mobile App

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'The X Factor': Did Fifth Harmony Do Enough To Make It To Next Week's Finals? (VIDEO)

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Sandy Aftermath: FEMA Trailers Sitting Unused, Despite Thousands Still Powerless In New York

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'Arrow': The Identity Of The Dark Archer Is Revealed (VIDEO)

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Cheating Stories: Why I Cheated On My Husband

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Manhunt At Cal State Fullerton: Police Search California Campus For Robbery Suspects

SWAT team members form up near a command post south of the Cal State Fullerton campus on Dec. 12, 2012, in Fullerton, Calif. Students were placed on lock down as police searched for two suspects in a jewelry store robbery. (AP Photo/The Orange County Register, Bruce Chambers) Get College Alerts:Sign Up React:Amazing
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'Survivor: Philippines': Can Abi-Maria Convince Anyone To Take Her Into The Finals? (VIDEO)

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Nuclear Inspections In Iran: UN Inspectors Arrive In Tehran

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Jacintha Saldanha, Nurse Duped In British Royal Hoax, Died By Hanging, Coroner Rules

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Bacon Facts: How Much Do You Really Know? (QUIZ)

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Candied Orange Peels Recipe (WATCH)

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Syria: Bombing Near School In Damascus Suburb Kills 16

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Gingerbread Cookie Recipe: The Classic And More (PHOTOS)

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Recipe Of The Day: Chocolate Buttercream (PHOTO)

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Dental Administration Training (Southern California)

Dental Front Office Training in only 6 months and classes meet once a week!

Externship Site and Job Placement Assistance Included. 30 day class trial. Full refund if you cancel within 30 days! Space is limited call today!

Start off the new year right with a new career in dental administration!

call us at 9513590800
Location: Southern California Compensation: VariesPrincipals only. Recruiters, please don't contact this job poster.Please, no phone calls about this job!Please do not contact job poster about other services, products or commercial interests.PostingID:3475352583

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