Debt-ridden Vodafone Idea (VIL), Tata Teleservices and Tata Teleservices Maharashtra have proposed to convert interest liabilities payable to the government into equity.
The three debt-ridden companies have proposed to convert their interest liability payable to the government into equity.
Vodafone Idea (VIL) on Tuesday announced its decision to opt for converting about Rs 16,000 crore interest dues liability payable to the government into equity, which will amount to around 35.8 per cent stake in the telco.
In this section, we recapitulate all the action from the world of business, finance and economic policymaking
The data implied Reliance Jio held a wireless user base of approx 44.3 crore as of July 31st, Airtel 35.4 crore and Vodafone-Idea 27.2 crore
According to the ratings agency, data consumption would continue to grow with increased transition to remote working and online transactions - this would help telcos' strengthen their earnings and cash flow
He urged the industry to work together in areas such as infrastructure but said he was strictly opposed to any cartelisation
The strengthening of rupee comes in the back of a string of measures and relief packages announced yesterday for the automobile and telecom sector; the announcements are expected to further foreign inflows
In a press statement, Telecom operator Jio said they look forward to working with the Government to "collectively make every sector of the economy productive and enhance the Ease of Living for every Indian."
In big bang reforms, the Union Cabinet on Wednesday approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route.
The move is aimed at instilling investor confidence in the beleaguered company; Kumar Mangalam Birla had offered his stake in the Vodafone-Idea combine to the Government last month
According to PTI, the Union Cabinet is considering a relief package in the form a moratorium on payment on spectrum dues alongside revision of ADRs, spectrum charges and on unpaid dues
From bankruptcy to selling off of stakes to the government, rumours are abuzz about Vi. We tell the facts from the fake.
The telecom companies had submitted before the apex court arithmetical errors in the calculation requiring rectification and also there are cases of duplication of entries.
The Department of Telecom had earlier set a target to start 5G trials in 2019 and rollout the next-generation service in 2020.
Over 1500 mobile towers in Punjab have been damaged during the ongoing farmers' agitation
Not in the business of corporate or contract farming, says Reliance as it moves court to stop vandalism
Airtel has shot-off a letter to the telecom department slamming the charges as baseless and outrageous.
A farmer sits near his red chillies at a deserted APMC market, during the weekend curfew imposed by the Karnataka government to curb the spread of COVID-19, in Hubballi.PTI Photo
Delhi Chief Minister & AAP National Convenor Arvind Kejriwal being welcomed by women supporters during his door-to-door campaign ahead of the Goa Assembly elections, in Goa.PTI Photo
A health worker collects swab sample of a woman for COVID-19 test, amid concerns over rising Omicron cases, in Gurugram.PTI Photo
Traffic jam on a road at Shalimar Bagh during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
The Lajpat Nagar market wears a deserted look during the weekend curfew imposed by the Delhi government to curb the spread of Covid-19, in New Delhi.PTI Photo/ Shahbaz Khan
He would take his colour, brushes and canvas outside to paint and talk with his love. He would stand close to the window and paint, keeping an eye on his muse.
They say the violin mimics the human sound. In his case, it was that of love, of longing. He didn’t know any other way of loving.
Younger people do not have much progressive beliefs; a 2017 survey found that one-third of young people opposed inter-caste marriage.
The pandemic has made it clear that virtual learning is here to stay. In the West, the big question is whether it will dilute the quality of the college experience and education. In India, which grapples with digital divide, the question remains whether this will reach most people at all.
Even after two years of the Covid-19 pandemic, many 'informed' individuals in India continue to deny the virus with unscientific claims and unfounded data. The latest? Omicron will end the pandemic.
Across Asia there are deeply entrenched obstacles to a mode of higher education that is liberal in multiple senses – disciplinary and epistemological but also social and political.
The two incidents in the recent past, one in Mon district of Nagaland and the other at Lakhimpur Kheri in Uttar Pradesh, undermined the core principles democracy and federalism.