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Webwire: Vodafone steps up India tax battle; Sony posts $5.7b loss

11 May 2012
00:00
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Vodafone ramps up defense in India tax battle

Vodafone India has filed a writ of petition to a Bombay court seeking to have the income tax department's 90 billion rupee ($1.7 billion) penalty notice quashed, in the latest volley in the war between the operator and the tax department.

Economic Times

Sony posts record $5.7b annual loss

Sony has reported a record annual loss of 456.7bn yen ($5.71 billion), blaming natural disasters, forex losses and slumping demand for its products in some developed markets.

BBC News

Malaysian rare earths plant to launch in June

Lynas Corp expects to commence operations at a Malaysian rare earths plant next month. The facility forms part of global efforts to reduce handset and other electronic device manufacturers' reliance on supplies from China.

Reuters

Nokia loses appeal over IPCom patent case

Nokia has lost an appeal against last year's London court ruling that it infringed on a patent held by IPCom.

Reuters

Samsung buys mSpot streaming service

Samsung has paid an undisclosed sum to acquire music storage and streaming service mSpot, in its latest bid to further its digital music ambitions.

Tom's Guide

Analysts cool on T-Mobile/MetroPCS merger talk

Analysts are skeptical whether a plan reportedly under consideration by Deutsche Telekom to merge US wireless unit T-Mobile USA with MetroPCS would be the right move, considering the operators' fundamentally different technology platforms.

Barrons

Du Q1 profit grows 62%

The UAE's Du has revealed its first quarter profit grew 62%, on the back of a 20.1% increase in revenue and the addition of over 320,000 new mobile customers.

Gulf News

Pirate Party ordered not to link to Pirate Bay

A Dutch court has banned political group the Pirate Party from publishing ways to circumvent ISPs' court-mandated blocks of The Pirate Bay filesharing site.

BBC News

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