Thursday, 1 December, 2022
TopicVodafone Idea

Topic: Vodafone Idea

SEBI clears government’s proposal to turn Vodafone Idea dues into equity

Among the country's three major telecom players, including Bharti Airtel and Jio, the govt package was seen as a bailout for Vodafone Idea, which was on the verge of bankruptcy.

Reliance Jio emerges as top bidder for 5G with Rs 88,078 cr bid, Adani acquires airwaves worth Rs 212 cr

While Adani group bought spectrum in the 26 GHz band, which is not for public networks, Jio acquired the coveted 700 MHz spectrum that can provide 6-10 km of signal range.

Govt stake in cash-strapped Vodafone Idea could be a boon — provided it has an exit plan

Rules-based framework should be put in place up front for govt to exit from Vi, sell 35.8% stake to public. This should prevent future govts from treating it permanently as PSU.

Vodafone Idea says govt doesn’t want to run company post bailout

Aiming to reassure investors, Vodafone Idea CEO & MD Ravinder Takkar said the govt wanted three private players in the market and promoters to run the company.

Indian govt to now own 35.8% stake in Vodafone Idea after converting dues into equity

The move will result in dilution for all the existing shareholders of the company. Vodafone Group will own around 28.5% and Aditya Birla Group will have about 17.8%.

Vodafone Idea in talks with SBI for loan after relief from Modi govt

The bank loan, if it materialises, will be a lifeline for the company which hasn’t reported annual profit since Mukesh Ambani's Reliance Jio unleashed a tariff war in 2016.

Good to see telecom crisis resolved. Govt should promote competition to boost private sector

Greater private participation in a sector isn’t enough. It needs to be accompanied with a conducive environment for promoting competition.

Kumar Mangalam Birla steps down as non-executive chairman, director of 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.

K M Birla offers to hand over his Vodafone Idea stake to government

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.

Supreme Court rejects Vodafone, Airtel plea seeking reassessment of dues

A two-judge panel headed by L. Nageswara Rao Friday dismissed the petitions by Vodafone Idea and Bharti Airtel Ltd Friday, without without giving reasons.

On Camera

YourTurn

A group picture of Supreme court judges at Supreme Court in New Delhi | Praveen Jain | ThePrint

Ambedkar rejected collegium system, said CJI supremacy on judges’ appointment is dangerous

In May 1949, the Constituent Assembly debated the Collegium system, only to reject it thrice. Now the SC is assuming that role once again.

51 cow universities, old pension scheme, jobs — what RSS affiliates want from 2023 Budget

Welfare schemes and ‘self-reliance’ figure high on Sangh organisations’ wishlists for finance minister Nirmala Sitharaman ahead of the Budget, which she will present on 1 February.

Defence

A soldier with 'Arjun', a black kite trained to down enemy drones, during the Yudh Abhyas exercise being held in Auli, Uttarakhand | Suraj Singh Bisht | ThePrint

It’s a plane, no it’s a bird! Army’s training eagles & falcons to swoop down on hostile drones

The birds are also being trained for surveillance at Remount Veterinary Corps Centre in Meerut, with cameras fitted to their heads to record videos.

A Gujarat gamble: A likely reason Rahul is not giving Modi a fight this assembly election

I'd rather not buy idea that Rahul's holding his fire until 2024. More likely, Congress believes Karnataka offers best chance of winning a Gujarat-sized state if Gujarat is too challenging.