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

RBI introduced ASISO facility in August 2020 to offer greater flexibility in managing day-end cash reserve ratio balances

RBI, Reserve Bank of India

The HUF can choose the old or new tax regime just like individuals

tax, taxes, taxation, tax evasion, I-T raids, Income tax

Cooperation Minister Amit Shah launched 10,000 new multi-purpose Primary Agricultural Cooperative Societies (PACS) on Wednesday and asserted that the government will achieve its target of establishing 2 lakh such societies before the five-year timeline.
Addressing the launch event, Shah said prosperity through cooperation cannot be achieved unless cooperatives function effectively at the panchayat level.
"We have kept a target of setting up 2 lakh PACS in five years. I want to tell you that we will establish 2 lakh PACS before five years. In three months, we established 10,000 new PACS," the minister said.
The initiative will be rolled out in two phases, with NABARD establishing 32,750 new M-PACS in the first phase, while NDDB will set up 56,500 dairy cooperatives and NFDB 6,000 fishery cooperatives.
In the second phase, NABARD will create 45,000 M-PACS, NDDB will establish 46,000 dairy cooperatives and NFDB 5,500 fishery cooperatives. State governments will form about 25,000 new .

Amit Shah, Home Minister

In his annual letter to employees, he highlighted conglomerate's achievements for the year

Tata, TCS, N Chandrasekharan, Rajesh Gopinath

The fourth part of the series assesses what it will take to encourage domestic manufacturing, while also being an alternative to China

The India story: Progress in manufacturing sector but key challenges remain

ChartThe India story: Progress in manufacturing sector but key challenges remain

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

Atishi marlena, Atishi, Delhi CM, Kejriwal, Arvind Kejriwal, Manish Sisodia, Manish

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

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

Chennai High court, Madras High Court, Madras HC

The Enforcement Directorate on Saturday conducted raids at the premises of Chhattisgarh Congress MLA and former excise minister Kawasi Lakhma, his son and some others as part of a money laundering investigation linked to an alleged liquor scam in the state, official sources said.
They said a total of seven premises -- including Lakhma's residence in Raipur and his son Harish Lakhma's premises in Sukma district apart from that of some linked persons -- are being searched under the provisions of the Prevention of Money Laundering Act (PMLA).
The Chhattisgarh Congress alleged the raids were part of a conspiracy by the BJP to harass the opposition party's leaders ahead of urban body and panchayat polls.
Lakhma, 71, is a six-time MLA from Konta assembly seat and served as excise minister in the previous Congress government. Harish Lakhma is stated to be a panchayat president in his district.
The ED sources said they are investigating allegations made by some "key accused" that Lakhma wa

Enforcement Directorate, ED

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

Anna University case: Madras HC constitutes SIT comprising women officers

ED raids Chhattisgarh Cong MLA Kawasi Lakhma, son in money laundering case

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

Govt plans to borrow Rs 3.9 trillion via treasury bills in Q4FY25

DGCA suspends Akasa Air's directors of training, flight ops over lapses

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