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.
The company has increased the minimum value of recharge by 25.31 per cent for 28 days period to Rs 99 from Rs 79. In the popular unlimited category plans, Vodafone Idea has hiked the rates in the range of 20-23 per cent.
The benchmark BSE Sensex index ended 109.4 points lower at 60,029 whereas the NSE Nifty fell by 0.23 per cent to 17,888.9 on Tuesday.
Indian Energy Exchange is India's premier energy exchange providing a nationwide, automated trading platform for physical delivery of electricity, renewable power.
TRAI added that in terms of market share, Jio led the race holding 37.4 per cent of the market share. Airtel stood second with 29.85 per cent, Vodafone-Idea held 22.89 per cent whereas state-operated BSNL commanded a 9.63 per cent market share.
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
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Vodafone-Idea Managing Director and CEO Ravinder Takker will update its business plans as and when the actual guidelines come from the government, he informs.
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 surge comes a day after the Union Government announced a slew of reforms for telecommunication sector including a four-year moratorium on payment of dues and allowing 100 percent FDI in the sector
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.
A bone of contention since it was passed in 2012, the retro tax has spooked investors for years.
The bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."
As Kumar Mangalam Birla steps down making way for Himanshu Kapania to take over as non-executive chairman of Vodafone-Idea, it is time to analyse what was the real meaning of his letter to the government.
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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.