In 2021, the government allowed telcos to convert interest on deferred spectrum payments and AGR dues into equity. This made it the single largest stakeholder in Vodafone Idea.
The board of directors of Vodafone Idea have accepted Birla's request & Himanshu Kapania, a telecom industry veteran, has been appointed as the non-executive chairman.
According to official data, VIL had an adjusted gross revenue liability of Rs 58,254 crore out of which the company has paid Rs 7,854.37 crore and Rs 50,399.63 crore is outstanding.
Acquisitive conglomerates such Birla's are now pivoting toward creating regional strongholds that can avoid getting tripped up in an increasingly divided world.
Months after it put on hold some of its expansion programmes on account of the pandemic, Aditya Birla Group unveils investment plans as it bets on India's economy to bounce back.
Kumar Mangalam Birla’s Hindalco will kick off long-term downstream investment plan by setting up 34,000-ton aluminum extrusion project. Production is expected to start in 2 years.
Disenfranchisement by institutional fiat is profoundly undemocratic. The effect of the ECI's new documentary process in Bihar will tilt the scales in favour of the BJP.
Mini deal will likely see no cut in 10% baseline tariff on Indian exports announced by Trump on 2 April, it is learnt, but additional 26% tariffs are set to be reduced.
India-Russia JV is also racing to deliver 7,000 more AK-203 assault rifles by 15 Aug. These are currently being made with 50% indigenisation and this will surge to 100% by 31 December.
Public, loud, upfront, filled with impropriety and high praise sometimes laced with insults. This is what we call Trumplomacy. But the larger objective is the same: American supremacy.
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