Top 4 business news: Net Neutrality, Black money, Nokia, more
Black money holders abroad will get a “few months” of compliance window to disclose their assets after a new stringent black money Bill is passed by Parliament in the session beginning tomorrow, Revenue Secretary has said. As the uproar continues in favour of Net Neutrality, telecom watchdog Trai Chairman Rahul Khullar today said “shrill voices” will not win the debate and the concept is not “practiced strictly” even in countries like the US and the UK. Finnish firm Nokia’s acquisition of Alcatel-Lucent will create an entity with revenues of USD 28 billion (about Rs 1.75 lakh crore), with Asia-Pacific, Japan and India (APJ/India) contributing 18 per cent. With overseas investors pumping in over Rs 4,000 crore in the Indian capital markets so far this month, total foreign fund inflows have reached Rs 83,000 crore since the beginning of the year.