UK-based Vodafone Group has cleared dues of around Rs 11,650 crore or about 109 million pound that it raised against shares of Vodafone Idea, according to a regulatory filing.
Vodafone Group had pledged almost the entire stake in VIL to raise the debt.
The pledge was created in favour of HSBC Corporate Trustee Company (UK) for the debt raised by Mauritius and India-based entities of Vodafone Group.
"On 27 December 2024, HSBC Corporate Trustee Company (UK) Limited acting as the security trustee for the lenders has released the pledges pursuant to repayment of the outstanding dues owed to the lenders by the Vodafone Promoter Shareholders.
"Consequently, the indirect encumbrance on 15,720,826,860 equity shares of the target company held by the Vodafone Promoter Shareholders representing 22.56 per cent of the equity share capital of the target company on a fully diluted basis has been released," the filing said.
"Consequently, the indirect encumbrance on 15,720,826,860 equity shares o

Vodafone

Market participants said that the gross borrowing amount was higher than expected

The central government’s borrowing is expected to remain in line with the budgeted amount, with slight adjustments in the distribution across tenures, according to bond market participants. Earlier, there were expectations of a reduction in the suppl

The central government's borrowing is expected to remain in line with the budgeted amount, with slight adjustments in the distribution across tenures, according to bond market participants. Earlier, there were expectations of a reduction in the suppl

The regulator said an audit found that navigation skills of pilots were being conducted on simulators that weren't qualified for that kind of training

Akasa Air

IndiGo expects to carry 112 million passengers in 2024 and is on the way to become a leading player in global aviation, its chief Pieter Elbers has said.
In 2023, the country's largest airline has flown over 100 million passengers.
India is one of the world's fastest-growing civil aviation markets and IndiGo, which has a domestic market share of 63.6 per cent, is also expanding its international network.
In a statement to PTI on the outlook for 2025, CEO Elbers said A321 XLRs will be arriving next year.
These narrow-body planes have a longer range and will help the airline to start longer-duration direct international flights.
IndiGo, flying for the last 18 years, has a fleet of over 400 aircraft and also placed an order for 30 wide body A350-900 widebodies.
"An airline so young expects to welcome over 112 million customers in 2024, after crossing the 100 million annual customers bar last year," Elbers said.
Aligning with India's vision to establish itself as an aviation hub, he

indigo airlines, indigo

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Israel Flag, Israel

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Under Mahila Samman Yojana, AAP promises Rs 2,100 monthly allowance, and under Sanjeevani free treatment to voters above 60

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Live entertainment and concerts saw a major boom in India this year with tickets selling out within minutes and concert-goers willing to cough up exorbitant money to see their favourite artistes like Ed Sheeran, Diljit Dosanjh and Dua Lipa up close.
Young audiences are driving the demand for such events and experts believe it is a new dawn for live entertainment in India.
A year-end report by BookMyShow revealed that 30,687 live events were organised across 319 cities, noting an 18 per cent increase in live entertainment consumption compared to the previous year.
According to a spokesperson of Zomato Live, the online ticketing arm of food and grocery delivery firm Zomato, India is becoming a hotspot for music concerts.
India's growing economy and passionate fanbase have made it an attractive destination for international tours. For music enthusiasts, attending a concert in India is often more convenient and cost-effective than travelling abroad.
"This shift in consumer behaviour h

Arijit Singh, Ed Sheeran collab in London

The district administration's denial of permission for the fireworks display during 'Vela Ezunnallippu', a traditional ritual, at the famed Paramekkavu and Thiruvambady temples here has sparked a row with the shrine managements viewing it as a "test dose" to destroy the iconic Thrissur Pooram.
The Additional District Magistrate (ADM) here on Friday issued an order denying permission for the fireworks display in connection with the annual ritual citing the new amendment to the union government's Explosive Rules and based on reports of various state government departments in accordance with that.
The Vela Ezunnallippu ritual and the related fireworks display of the two temples are scheduled in January first week.
In the order, the district administration stated that there is no physical circumstance to carry out the fireworks display in the area and it may pose a threat to the life and property of the public.
The opinion of concerned investigating officers that the fireworks should n

Thrissur pooram festival

Judges also directed the state government to initiate necessary action, if necessary, against the Greater Chennai Commissioner of Police for having conducted the press conference and revealed details

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The rating agency's arm said that India's recent consumer price inflation at around 5 per cent was without clear evidence of a trend towards slowing price pressures

Most GCCs in India support critical business goals by using AI, data analytics, robotic process automation, and cloud services

India ranked third globally in terms of funding raised by fintech companies, behind the US and China, the report said

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2024 hits the right notes: Ed Sheeran, Diljit, Dua Lipa lead concert craze

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Vodafone Group clears about Rs 11,650 cr dues raised against VIL shares

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