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1) Vodafone Idea reports Rs 5,005-crore loss for Oct-Dec quarter post merger
Telecom operator Vodafone Idea on Wednesday reported a consolidated loss of Rs 5,005.7 crore for the third quarter of 2018-19. The books of Vodafone Idea recorded comprehensive loss of Rs 1,284.5 crore in the same quarter a year ago. However, the year-on-year figure is not comparable as the merger between Vodafone and Idea completed on August 31, 2018. Read more
2) Govt explores pre-packaged bankruptcy plan to fast track insolvency process
The feasibility of implementing a ‘pre-packaged’ bankruptcy scheme, prevalent in the US, is under consideration, it is learnt.
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