The Supreme Court order for including non-core revenue in telecom groups' gross adjusted revenue -- the figure on which the levies are charged -- revived the rivalry between Ambani and Bharti Mittal
India Inc leaders, including Bharti Enterprises Chairman Sunil Bharti Mittal, CII President Vikram Kirloskar and Assocham President Balkrishna Goenka, on Thursday asked the government to take measures to augment ease of doing business to "create more freedom for the industry to perform". In a pre-Budget meeting with Finance Minister Nirmala Sitharaman, the corporate leaders highlighted several issues, including certain income tax matters which were coming in the way of mergers and acquisitions or slowing them down and roles that need to be played by state businesses to prosper at the ground level. "I have come here today to discuss only one thing -- make doing business easy in the country. That was what my thrust was," Bharti Airtel Chairman Sunil Bharti Mittal told reporters after the meeting. He said some suggestions around mergers and acquisitions (M&As), demerger, NCLT process, about certain sections of income tax which were coming in the way of M&A or slowing them down ..
Bharti Telecom holds around 41 per cent stake in Bharti Airtel while foreign promoter entities hold 21.46 per cent stake in the telecom firm
He noted that the consolidation of the Indian telecom market did not take place in an orderly manner except in case of Vodafone Idea merger
A listing, if it does happen, would only be of a minority stake, said Mittal
The package was over 8% higher than the previous year, when Mittal had drawn Rs 27.8 crore
He also said that it was unfair if movement of Indian workers gets restricted
There is a demand to bring app-based calling services under licensing regime
Airtel Chairman said one doesn't want a situation where there are one or two healthy operators
Meets R S Sharma amid ongoing tussle between incumbent operators and Reliance Jio over network connectivity
Mittal is the third Indian to head ICC, being the world's oldest and most respected global business organisation
Founded in 1919, ICC is the world's largest business organisation, which represents the private-sector's views to national governments and intergovernmental bodies