Kumar Mangalam Birla
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AGR concerns: Vodafone Idea urges DoT to grant 15 years for paying dues; seeks tax refund, licence fee cut among measures to tide over crisis
Fp Staff •Vodafone Idea, in a letter to the DoT, the finance ministry and NITI Ayog, said that a GST refund of Rs 8,000 crore can be adjusted against its AGR dues and the remaining amount can be paid in a span of over 15 years.
Vodafone Idea will shut in absence of govt relief, company will have to opt for insolvency route: Chairman Kumar Mangalam Birla
Fp Staff •At 12:06 hours, the Vodafone Idea stock was quoting at Rs 6.88, down Rs 0.43, or 5.88 percent.
Meeting with Indian CEOs, Donald Trump says US govt committed to reduce 'regulations', will eye more overseas investments
Fp Staff •Trump said that China is working very hard to contain coronavirus outbreak and it looks like they are getting it more and more under control.
AGR dues: Sunil Mittal, KM Birla meet Nirmala Sitharaman as their firms scramble to meet payment deadlines
•Mittal, who heads mobile service major Bharti Airtel, first met Telecom Secretary Anshu Prakash before going for the meeting with the finance minister
Bharti Infratel, Indus Towers extend deadline for merger to 24 February next year in absence of necessary govt approvals
•In October this year, Bharti Infratel had extended the deadline for merger by two months to December 24 as regulatory uncertainty loomed over the deal.
Vodafone Idea shares slip over 14% on concerns raised by chairman Kumar Mangalam Birla over statutory dues
•Shares of Vodafone Idea on Monday continued to fall and crashed over 14 percent in early trade spooked by concerns over statutory dues raised by its chairman Kumar Mangalam Birla
Vodafone Idea falls 5% on Kumar Mangalam Birla’s statement that firm will have to 'shut shop' in absence of relief
•Over 51 crore shares of Vodafone Idea were traded on the NSE and more than five crore on the BSE.
Indian companies need to follow global standards of governance: Kumar Mangalam Birla
•Indian corporates need to hold themselves accountable to global standards of governance if India wishes to re-shape the global economic order, Aditya Birla Group Chairman Kumar Mangalam Birla said on Tuesday
Kumar Mangalam Birla's remuneration from UltraTech Cement fell 18.8% to Rs 15.53 cr in FY19
•UltraTech Cement's Chairman and Non-Executive Director Kumar Mangalam Birla received an annual remuneration Rs 15.53 crore in FY 2018-19, down 18.82 percent over the year-ago period, even as the largest cement producer posted double-digit growth in its topline
Aditya Birla Payments Bank shuts operations 18 months after launch; what customers can do to get back deposits
Fp Staff •Aditya Birla Payments Bank will continue to work with limited operations as guided by RBI to enable customers to withdraw deposits.