Nissan settles dispute with Tamil Nadu over unpaid dues, damages; begins process to withdraw international arbitration: Report
The dispute arose after Nissan said Tamil Nadu hadn’t paid certain incentives under a 2008 agreement to set up a car plant in the southern state.
Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said
Shares of Vodafone Idea Ltd ended over 9 percent higher on Thursday after British telecom giant Vodafone Plc said it has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues
Vodafone Group on Wednesday said it has accelerated a payment of $200 million (about Rs 1,530 crore) to Vodafone Idea, due in September 2020, under the terms of the "contingent liability mechanism"
Telecom shares drop 13%; surprise loser against other sectors as global lockdowns drive online sales from gaming to food delivery
In Asia, Africa, Europe and the Americas, a combination of high fixed costs, debt and market disruption has left telcos significantly underperforming the data-hungry businesses their networks carry
AGR concerns: Vodafone Group's global CEO Nick Read plans to meet telecom minister Ravi Shankar Prasad
Even as the pressure on Vodafone Idea to pay the AGR dues is mounting, Read and chairman of Vodafone Idea Kumar Mangalam Birla had recently said that they were not keen to infuse any more equity in the firm.
Vodafone Idea will shut in absence of govt relief, company will have to opt for insolvency route: Chairman Kumar Mangalam Birla
At 12:06 hours, the Vodafone Idea stock was quoting at Rs 6.88, down Rs 0.43, or 5.88 percent.
Vodafone CEO Nick Read blames media for misrepresenting his statement; says telecom firm to stay invested in India
Vodafone Group CEO Nick Read is learnt to have written back to Prime Minister Narendra Modi promising that the company will remain invested and blamed the media for distorting his remarks made around telecom business in India
Bharti Infra sets 24 December deadline for merger with Indus Towers; delay to result in lower payment to Vodafone Idea
In April 2018, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for the merger of Indus Towers and Bharti Infratel to create the largest mobile tower operator in the world outside China
Balesh Sharma steps down as CEO of Vodafone Idea; Ravinder Takkar to take over with immediate effect
Ravinder Takkar, currently Vodafone Group's representative in India, will be appointed as the new MD and CEO
India's largest telecom operator Vodafone Idea on Friday narrowed its consolidated loss to Rs 4,873.9 crore for the June 2019 quarter.
Last year, Bharti Airtel, Idea Cellular and Vodafone Group had announced an agreement for merger of Indus Towers and Bharti Infrate
CEPA violation: Singapore's arbitration court rejects India's plea in case against Nissan; govt likely to file appeal
In 2008, when Nissan and its partner France’s Renault SA agreed to set up a car plant in Chennai, the state government promised several incentives, including tax breaks.
Vodafone Group and Aditya Birla Group had earlier reiterated to the board that they intend to contribute up to Rs 11,000 crore and up to Rs 7,250 crore respectively, amounting to total of Rs 18,250 crore, as part of the rights issue.
Bharti, Vodafone plan to reduce stakes in mobile tower joint venture; Airtel to raise Rs 22,400 cr via share sale
Post the deal, Bharti Airtel and Vodafone will jointly control the combined company, and the transaction is expected to close before the end of 2018-19, subject to statutory approvals.
Vodafone Idea, the country's largest telecom operator through the rights issue which ran between 10-24 April, offered 2,000 crore new shares at Rs 12.50 apiece.
Vodafone Idea expects 11.15% Indus Tower stake sale to complete in three-four months for Rs 5,500 crore
Under a contract signed with Bharti Infratel in April 2018, Vodafone Idea has an option to sell the 11.15 percent stake in Indus Tower for cash ahead of the merger
Vora said that the full integration of the two telecom networks - Idea Cellular and Vodafone India - post the mega-merger last year is "on track"
Vodafone Idea to raise Rs 25,000 cr via rights issue; move will arm telco with firepower to take on market competition
Vodafone and Aditya Birla Group will infuse over Rs 18,000 crore into India's largest telecom operator Vodafone Idea Ltd through a rights issue to arm the company with firepower to take on market competition intensified by Reliance Jio
Vodafone Idea tumbles 11% after company reports consolidated loss of Rs 4,973 cr for September quarter
Vodafone Idea, in a regulatory filing to the stock exchanges on Wednesday, reported a consolidated loss of Rs 4,973 crore for the September quarter in its maiden financial results post merger.