Uniformity of rules should be the playbook across sectors. Different rules, whether for telecom players, retail entities or online businesses, would invariably trigger the level-playing questions.
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.
Govt became shareholder in VI last yr after it approved company’s plans to convert Rs 16,000 cr of interest liability it owed govt into equity. Price of Vodafone stock has risen post FPO.
If successful, FPO is expected to not only increase company’s competitiveness & slow its ongoing loss of market share, but also to significantly reduce risk of a duopoly in the industry.
With bad loans shrinking & capital buffers stronger, urban co-op banks’ new umbrella body NUCFDC is now prioritising rollout of digital transformation.
If deal goes through, Greece will be 2nd foreign country to procure vehicle. Morocco was first; TATA Group has set up manufacturing unit there with minimum 30 percent indigenous content.
Many of you might think I got something so wrong in National Interest pieces written this year. I might disagree! But some deserve a Mea Culpa. I’d deal with the most recent this week.
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