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India offers one time settlement for Vodafone, Cairn in tax dispute

New Delhi / Bloomberg India will make a one-time offer to Vodafone Group Plc and Cairn Energy Plc to settle long-running disputes with the country’s tax authorities. “I propose a one-time scheme of dispute resolution for them,” Finance Minister Arun Jaitley said in Parliament on Monday. “They can settle the case by paying only the tax arrears, in which case ...

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Alibaba’s Ma, Tsai boost buyback with $500mn

BEIJING / Bloomberg Alibaba Group Holding Ltd. Chairman Jack Ma and Vice Chairman Joseph Tsai will bolster the company’s share buyback as they agreed to spend $500 million of their own money purchasing stock in a vote of confidence for the e-commerce operator. The billionaire co-founder and his lieutenant will bankroll the purchase of shares currently trading at $66.91, Alibaba ...

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Nissan shares skyrocket on share buyback

Tokyo / AFP Nissan shares soared on Monday as investors cheered the automaker’s plans for a share buyback, after the bloodbath on equity markets at the start of the year hammered its stock. Japan’s number two automaker said after the Tokyo market closed on Friday that it would purchase up to 400 billion yen ($3.5 billion) worth of its own ...

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