The question mark over Vodafone Idea's survival is gone after the government's telecom package, managing director and chief executive officer Ravinder Takkar said in an interaction recently. The extended moratorium for spectrum payments and adjusted gross revenue (AGR) dues has indeed ensured that Vodafone Idea survives, at least for the time being, but questions remain. Answers to those questions may determine the future of Vodafone Idea and its power to stay in a difficult telecom market in the coming years.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Congress leaders and workers continued their protests in several states on Thursday against Rahul Gandhi's questioning by the Enforcement Directorate in the National Herald money-laundering case with many of them taken into preventive custody including former Union minister Renuka Chowdhury in Hyderabad after she allegedly grabbed the collar of a police official.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The Indian Institute of Management Ahmedabad (IIM-Ahmedabad) on Friday said that the Sanskrit motto has not been dropped from its proposed new logo.
This day too will be completely devoted to oath-taking by newly-elected members of the lower House.
Billionaire Gautam Adani's son Karan will helm the cement firms his group has acquired to become India's second largest cement player and extend his burgeoning empire that spans from ports and energy to airports and telecom.
Lok Janshakti Party leader Chirag Paswan on Wednesday blamed Janata Dal-United for engineering the split in his party and rejected the decisions taken by the faction headed by his uncle Pashupati Kumar Paras, saying the party's constitution does not authorise them any such power.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
The usual hugging and handshaking between the leaders after the conclusion of the oath-taking ceremony were missing as leaders preferred to greet each other with folded hands.
Among the many exits from the billionaire's club in 2022 are D Uday Kumar Reddy of Tanla Solutions (net worth down 66 per cent), Sushil Kanubhai Shah of Metropolis Healthcare (down 65.7 per cent), Vijay Shekhar Sharma of One97 Communications (down 66 per cent), and C K Birla (down 43.4 per cent).
A new board has been constituted for the merged entity 'Vodafone Idea Ltd' with 12 directors (including six independent directors) and Kumar Mangalam Birla as its Chairman. The board has appointed Balesh Sharma as the CEO, the companies said in a joint statement. The combination will have an all-India revenue market share of 32.2 per cent and take the numero uno slot in nine telecom circles, it said adding that both Vodafone and Idea brands will continue.
The Central Bureau of Investigation (CBI) has started scrutinising the file received from the Prime Minister's Office on coal block allocation to Hindalco to understand the circumstances on the basis of which the earlier decision to reject the company's application for the same was reversed.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Kumar Mangalam Birla will be the non-executive chairman and Balesh Sharma the new CEO of the merged entity, which will remain listed.
Shashi Tharoor has also been retained as the chairman of the panel on Information Technology.
Stars glitter at SRK's Diwali party!
Measures reportedly being mulled by the government to ease telecom industry's stress and fundraising may give Vodafone Idea the much-needed breather, but structural issue undermining the sector can be fixed only with "sizable" tariff hike for 4G prepaid customers, according to a note by Edelweiss. It further observed that as Voda Idea's large liabilities are falling due, and given the impending launch of JioPhone Next (whose rollout timeline has now been pushed to before Diwali), "the sooner the government measures as well as tariff hikes are rolled out, the better it is". It is pertinent to mention here that the telecom sector has been keenly watching out for the relief package, which could include redefinition of Adjusted Gross Revenue (AGR) to exclude non-telecom items, cut in levies such as Spectrum Usage Charges and easier terms and conditions for surrendering radiowaves to the government.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
The women stole the show at the Dadasaheb Phalke Excellence awards.
Between 2011 and 2014, they indirectly determined the price of tyres in the market, says report
Dhankar wins vice presidential election by bagging more than 500 votes.
Paras, who was sworn in as a Cabinet Minister on Wednesday in the Narendra Modi-led government and made the Minister of Food Processing Industries, asked Chirag Paswan to do "self-introspection" about his mistakes.
Manish Sisodia, Satyender Jain, Gopal Rai, Kailash Gehlot, Imran Hussain, and Rajendra Gautamas took oath as the ministers in Delhi.
Amid an existential crisis confronting the company, Vodafone Idea CEO Ravinder Takkar has reached out to consumers reaffirming the telco's commitment to continue providing "superior services and best-in-class propositions". Thanking users for their continued support as the company approaches first anniversary of 'Vi' branding, Takkar noted that Vi came with a promise of a better tomorrow, bringing the best in technology, services and solutions for the Digital India and Digital Bharat. The company will continue to deliver on this promise to keep users ahead, Takkar said in the mailer to consumers.
Omkeshwar Singh, head, Rank MF, a mutual fund investment platform, answers your queries.
While UltraTech Cement has been the biggest value creator adding nearly Rs 99,000 crore to its market capitalisation, Grasim Industries has added around Rs 27,000 crore to its market cap.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Bollywood paid tribute to Nana Chudasama's memory.
All roads led to Yash Raj Studios on May 25, as Bollywood's power couples and their friends celebrated Karan Johar's 50th birthday party.
Hours after the AAP announced its night-long sit-in against the Lieutenant Governor, BJP MLAs also started an overnight dharna on the assembly premises demanding the sacking of ministers Manish Sisodia and Satyendar Jain over alleged corruption.
From politicians to entrepreneurs and change makers, Akash Ambani's wedding had some illustrious guests.
Bharti Airtel chairman Sunil Mittal has expressed hope that the government and regulators will step in to ensure the sector remains a viable place for continued investments and asserted that the industry requires "long overdue" support to maintain its current 3+1 structure. In the latest annual report of Airtel, Mittal said as the sector's role in the economy becomes more pervasive, its challenges loom larger. Issues such as unsustainable pricing and low returns in a highly capital-intensive environment, coupled with legacy legal issues, "have extracted their toll", Mittal observed.
Investment guru and mutual fund expert Ashok Kumar, answers all your MF related queries.
While seven of the suspended MPs belonged to the TMC, six were from the DMK, three from the Telangana Rashtra Samithi, two from the Communist Party of India-Marxist and one from the Communist Party of India.
Five of the six Lok Janshakti Party MPs in Lok Sabha have joined hands against their leader Chirag Paswan and elected Pashupati Kumar Paras, the youngest brother of Paswan's late father and party founder Ram Vilas Paswan, in his place, causing a big churn in Bihar politics.
Omkeshwar Singh, Head, Rank MF, a mutual fund investment platform, answers your queries.
Nikunj Saraf, Vice President Choice Wealth, answers your queries.
Azim Premji and his family gave away Rs 7,904 crore (Rs 79.04 billion) in philanthropy, up 1,645 per cent!!! over the previous year.
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