Idea

The telco's finance cost increased to Rs 6,280.3 crore in Q4, shooting up by 25.5 per cent from Rs 6,284 crore in the same quarter of the previous year

The UK telco's rough ride in India started in 2009, over a retrospective tax demand that was set aside later, but it has lately been in the news for a variety of reasons

GST additional commissioner's office in Chandigarh has imposed a Rs 13.16 crore penalty on Vodafone Idea, the company said in a regulatory filing on Thursday. According to the filing, the order was passed on January 10 against the debt-ridden telecom firm for alleged "wrongful transition of CENVAT credit to Goods and Services Tax (GST) regime". "Order passed u/s 74 of Central Goods and Services Tax Act, 2017, inter-alia, levying a penalty of Rs 13,16,53,661," Vodafone Idea (VIL) said in the filing. The company said the maximum financial impact is to the extent of the tax demand, interest and penalty levied. "The Company does not agree with the Order and will take appropriate legal action(s) for rectification/ reversal of the same," VIL said. The order was issued by the Office of the Additional Commissioner, Central Goods & Service Tax in Chandigarh.

Troubled Indian mobile service provider Vodafone Idea Ltd said the govt ordered the company to convert into equity all the interest related to payments for spectrum and other dues owed to the govt

The development spells further trouble for the company, which has an overall debt pile of Rs 2.2 trillion including hefty dues to the government

Goldman Sachs said Vi would need a sharp capital raise or a tariff increase to remain competitive. It is the only telco which has not yet given a timeline to launch its 5G services

New Vi Max postpaid plan offers users more data and SMSes per month, apart from travel discounts, airport lounge access, and priority customer service; comes into effect on Wednesday

Takes over from Ravinder Takkar, whose three-year term ends on August 18

Telecom operator Vodafone Idea is re-aligning and streamlining its consumer digital resources to sharpen focus on driving operational scale and pace of delivery

After being relegated to the second spot in the previous two fiscal years, China again became India's biggest trading partner in the first nine months of FY21. Read top stories with Business Standard

All that happened in the markets today

The bankers will initiate discussions with potential buyers for the fibre assets, which could be valued at as much as Rs 130 billion ($1.9 billion), the sources said

Analysts estimate Idea's ARPU to fall below Rs 100; down-trading and migration by low-value customers to impact all telcos

ATC has already completed acquisition of Vodafone India's mobile tower for Rs 38.50 bn

Voda to get Rs 3,850 cr, Idea to receive Rs 4,000 cr from

ATC tower deal if sale completion precedes telcos' merger.