Latest Hutchison Essar Stories

By Sarah Arnott A five-day hearing starts in the Mumbai High Court today to decide whether Vodafone could owe the Indian tax authorities some $2bn (1bn) for its $11.2bn takeover of one of the subcontinent's major mobile phone networks. When Vodafone bought a controlling stake in Hutchison Essar from the Hong Kong-based Hutchison conglomerate in May last year, the UK group's advisors confirmed that because the deal was between two foreign companies, no tax was due to the Indian authorities....