Kolkata: Vodafone Idea Ltd (VIL) has decided to collect by selling its 11.15% stake in Indus Towers for more than Rs 4 billion even as Bharti Infratel decided to go ahead with closing its mega tower merger with Indus . Bharti Infratel said that the merged tower entity’s probable ownership …
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MUMBAI: The Supreme Court’s Adjusted Gross Income (AGR) ruling has dealt Vodafone Idea Ltd a massive blow, although the troubled telco is expected to survive. At least that appears to be the stock market’s verdict on the court’s ruling. Vodafone Idea shares are down about 15% compared to where they …
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NEW DELHI: The Supreme Court on Tuesday granted telecom operators 10 years to pay fees related to adjusted gross income (AGR). The development comes as a relief to Vodafone Idea Ltd, whose survival would have been a concern even if the higher court had not staggered the payment. The company …
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Reliance Jio announced on Monday new plans for JioFiber broadband starting at a monthly price of Rs 399 with no data usage limit. Under the new plans, the Netflix entertainment app is added to the bundle of bundled apps for customers who subscribe to mid-range plans. It is by far …
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New Delhi: On Tuesday, the Supreme Court will pronounce its order on the possibility of allowing telecommunications companies the phased payment of fees related to adjusted gross income (AGR). The verdict will decide the survival of Vodafone Idea Ltd, which still owes more than ₹50,000 crore for the Center in …
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The Indian market erased all its morning gains and fell into the red on Monday after media reports said Chinese troops “ carried out provocative military moves in eastern Ladakh to change the status quo. ” but they were blocked by Indian soldiers, the government said today. The incidents took …
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The bulls continued to dominate the markets on Friday, thanks to a healthy buying on the financial counters. The S&P BSE Sensex won for the sixth consecutive session to settle at 39,467 levels, an increase of 354 points or 0.9 percent. NSE’s Nifty finished 11,648.88 points or 0.76 percent higher. …
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[ad_1] British telecommunications giant Vodafone PLC, which owns a majority stake in Vodafone Idea, attributed its share of the losses related to its Indian arm to adverse Supreme Court lawsuits and decided to value its shares of Vodafone Idea to zero. In addition, the British operator said it would have …
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