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I-T drops ₹8,500-crore transfer pricing case against Vodafone Group
The Economic Times· 2025-11-04 02:32
The case pertains to a transfer pricing order in connection with sale of The withdrawal of the case by the department comes soon after the apex court allowed the government to create a special package for the cash-strapped telco on its entire adjusted gross revenue (AGR) liabilities, including interest and penalties, totaling more than ₹83,400 crore.The department had in April 2016 challenged the Bombay High Court's October 2015 judgement that favoured Vodafone India Services, the Indian arm of Vodafone In ...
摩根士丹利:蔚来-关于股价走势的思考
摩根· 2025-07-15 09:58
报告行业投资评级 - 股票评级为“增持”(Overweight),行业观点为“符合预期”(In - Line),目标价为5.90美元,2025年7月11日收盘价为3.90美元 [4] 报告的核心观点 - 蔚来汽车股价因Onvo L90预订单表现强劲上涨11%,而恒生指数仅上涨0.3%,Onvo L90虽预订单数量低于Onvo L60,但市场对其销量预期较低,且该车型在30万人民币以下细分市场有竞争力,预计销量向好 [1][3] - 此次股价上涨或主要由空头回补推动,投资者后续会关注门店客流量和预售订单情况,且L60销量改善和蔚来品牌促销带动销量回升才会使市场更积极 [2] 根据相关目录分别进行总结 估值方法 - 基于ADR目标价,按7.8港元/美元换算,对ADR的牛市/基础/熊市情景分别赋予25%/50%/25%的权重,关键假设为加权平均资本成本(WACC)18.7%、贝塔值2.4、长期增长率3% [8] 行业覆盖情况 - 报告覆盖中国汽车及共享出行行业,涉及多家公司,如安徽江淮汽车、北汽蓝谷新能源、比亚迪等,并给出各公司评级、日期及价格 [70][72]