India claims more tax from Telenor

Norwegian telecoms firm Telenor, which ran into severe problems doing business in India, now faces a new tax claim from Indian authorities amounting to NOK 775 million (nearly USD 100 million). Telenor disputes the demand. Newspaper Dagens Næringsliv (DN) and TDN Finans reported Wednesday that the extra tax claim is being issued in connection with […]

Telenor finally sells troubled India unit

After years of heavy losses and regulatory conflicts, Norway’s large telecoms firm Telenor has finally pulled the plug on its operations in India. Its deal to sell long-troubled Telenor India to Bharti Airtel, at a stunning loss of NOK 25 million, was “the best we could manage,” claimed Telenor’s embattled chief executive Sigve Brekke. “Of course […]

Embassies and consulates reshuffled

Norway’s constantly globe-trotting foreign minister, Børge Brende, was in Mumbai, India on Tuesday, where he among other things re-opened a Norwegian general consulate. It was the latest in a recent series of embassy- and consulate closures and openings, most of which are motivated by prospects for business and trade. “India’s economy is growing by more than […]

Indian president launches state visit

The canons fired from Oslo’s Akershus Fortress promptly at 10am Monday as King Harald received the president of India for the first state visit of an Indian head of state in Norway. The day was filled with the usual ceremony and ended with a gala banquet at the Royal Palace. Exactly 193 guests were expected at […]

Foreign minister talks shop in India

Foreign Minister Børge Brende browsed souvenir stalls in New Delhi before getting down to more important business in the Indian capital on Monday. Brende is attending an Asia Europe Meeting (ASEM), a 51-country forum promoting dialogue between Asia and Europe. Regional issues, economic cooperation and bilateral talks will dominate the three-day conference. Later in the […]

Svalbard offers Himalayan insight

India is increasingly interested in studying climate change in Norway’s far northern archipelago of Svalbard, which could help Indian scientists better understand changes in the Himalayas. India’s foreign minister Salman Khurshid visited Svalbard this week, enjoying his country’s fresh observer status on the Arctic Council. Along with Norwegian Foreign Minister Espen Barth Eide, Khurshid visited the main […]

Telenor gets new licenses in India

Norwegian telecoms firm Telenor hasn’t given up on doing business in India despite getting caught up in a major political conflict that left it without licenses to operate mobile phone service through an Indian partnership. On Wednesday it won new licenses at a state auction, and said it intends to continue offering mobile phone service […]

Speculation flies around Telenor CEO

UPDATED: Another top leader at Norwegian telecoms firm Telenor is quitting and the future of Jon Fredrik Baksaas as Telenor’s chief executive seemed far from secure after a week of more drama around the state-controlled company. As political intrigue over Telenor and its ill-fated venture into India reached the highest government levels, a business researcher […]

Telenor writes off Indian investment

Norwegian telecoms firm Telenor announced on Monday that it was writing off the rest of its huge investment in mobile telephone operations in India. It’s the latest development in a major conflict over operating licenses that’s involved the highest levels of government in both Norway and India, and resulted in billions of kroner in losses […]

Indian custody dispute resolved

A Norwegian court has formally resolved a bitter custody dispute over two children who’d been living in Stavanger with their parents from India. The children can now legally be placed in the care of an uncle in India. The children, aged one and three, were placed in a foster home last year after Norway’s state […]