Vodafone Idea Ltd News

Vodafone Idea gets Rs 16.73 cr GST notice, plans to challenge decision

Telecom operator Vodafone Idea (VIL) on Friday said it has received a Rs 16.73 crore Goods and Services Tax (GST) demand order from Deputy Commissioner, Large Taxpayer Unit, West Bengal. The telco asserted it does not agree with the order and will take appropriate action for filing an appeal against the same. In a BSE filing on details of order received by the company under the Central Goods and Services Tax Act, 2017, Vodafone Idea informed that order was received on February 27, 2025. The order was "passed under Section 73 of Central Goods and Services Tax Act, 2017 read with West Bengal Goods and Services Tax Act, 2017 confirming penalty of Rs 16,73,33,489 along with demand and interest as applicable." It pertains to "alleged excess availment of Input Tax credit, short payment of tax, etc," the VIL filing said. "The maximum financial impact is to the extent of tax demand, interest and penalty levied," VIL noted.

Vodafone Idea dips 6% as SC dismisses plea against AGR miscalculation

The apex court rejected a series of review petitions filed by Bharti Airtel and Vodafone Idea challenging its 2021 verdict

Pay Rs 6,091 cr guarantee or Rs 5,493 cr cash by Mar 10: DoT to Voda Idea

The Department of Telecom (DoT) has asked debt-ridden telecom operator Vodafone Idea to either deposit a bank guarantee of Rs 6,090.7 crore or Rs 5,493.2 crore in cash for shortfall of aggregate payment made for spectrum the company acquired in 2015, the company said. The company, however, is in discussion with the DoT to pay the dues through equity. "The aggregate payment made by the company for each of spectrum auctions are greater than the pro-rated use of spectrum other than for the 2015 auction, where there is one-time partial shortfall and DoT has requested either to provide bank guarantee of Rs 60,907 million (Rs 6,090.7 crore) for one year or make a cash payment of Rs 54,932 million (Rs 5,493.2 crore) by March 10, 2025," Vodafone Idea Non-Executive Director Himanshu Kapania said in a note. As on December 2024, the outstanding debt from banks (including interest accrued but not due) of the group is Rs 2,345.1 crore and deferred payment obligation towards spectrum payable over

Vodafone Idea share price tumbles 8% after mixed Q3 results; details here

Vodafone Idea's consolidated net losses narrowed marginally to Rs 6,609.3 crore in Q3FY25, from a loss of Rs 6,985.9 crore in Q3FY24

Vi Q3 results: Net loss narrows to Rs 6,609 crore, Arpu rises to Rs 173

Telco planning commercial 5G launch in March, beginning with Mumbai

Vodafone Idea Q3 results: Net loss narrows marginally to Rs 6,609 crore

The company's consolidated loss after tax narrowed to Rs 6,609 crore ($762.20 million) in the quarter ended December 31, from Rs 6,986 crore a year earlier

Q3 results today: Lupin, Vodafone Idea, IRCTC to post earnings on Feb 11

Q3 FY25 company results, Feb 11: MOIL, Berger Paints, IIFL Securities, and Schneider Electric Infrastructure will be among 334 companies to release their performance report for the Oct-Dec quarter

Domestic funds' stake in this stock up over 2900% in FY25; check full list

DIIs have doubled their shareholding, in terms of absolute number of shares held, in 46 out of the Nifty 500 companies in the last nine months, shows ACE equity data.

Why mid, smallcap stocks are crashing in 2025? 70% stocks below 200-DMA

While the Nifty Midcap 150 index has lost around 7 per cent thus far in CY25, the Nifty Smallcap 250 index has slipped around 9 per cent. The Nifty 50 index, meanwhile, has slipped nearly 2 per cent

Supreme Court agrees to hear income tax dept's appeal in Vodafone case

The Bombay High Court had rejected the PCCIT's move to issue a reassessment notice

Vodafone Idea stocks extend rally on AGR waiver buzz; gain 30% in 1 week

The government is considering a proposal to waive 50% of interest and 100% of penalties and interest on penalties that make up a bulk of the AGR dues levied on telcos

SC upholds Rs 1,600 crore tax refund for Vodafone Idea, dismisses SLP

The court dismissed the SLP on grounds of delay, refusing to condone the same

Voda Idea stock tops Rs 10-mark after 16 weeks; chart say can rise more 23%

Vodafone Idea stock is expected to trade with a favourable bias in the near-term as long as the stock holds above Rs 9.50 - Rs 9.35 support zone, suggests the technical charts.

Vodafone Idea hits 3-month high, surges 19% in two days on heavy volumes

To improve its network performance Vi has partnered with HCL Software, the software business unit of HCL Technologies, to make its 4G and 5G networks smarter and more efficient

Vodafone Idea partners with HCL software to optimise 4G, 5G networks

Vodafone Idea has partnered with HCLSoftware to make its 4G and 5G networks more efficient, a release said on Tuesday. The telecom operator is now using HCL Augmented Network Automation (HCL ANA), a multi-vendor self-optimising network platform, to manage its Ericsson and Samsung networks. "This advanced technology will help Vi improve network performance, save energy, and offer better services to its customers," according to the release. The HCL ANA platform leverages Artificial Intelligence (AI) to simplify the management of VIL's complex multi-vendor, multi-technology and multi-layered network, in order to ensure smooth integration and efficient network operations. "This collaboration brings several benefits to Vi and its users. The HCL ANA platform has an open architecture and empowers Vi to manage and automate its network independently, reducing dependency on OEM-specific features and applications," the release said. This helps save energy, reducing costs and making the netwo

Vodafone exits Indus Towers, raises Rs 2,800 cr; clears Rs 890 cr dues

British telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing. "Vodafone Group Plc announces that it has successfully completed the placing of its remaining 79.2 million shares in Indus Towers Limited ("Indus") representing 3.0 per cent of Indus' outstanding share capital through an accelerated book build offering on 5 December 2024," the filing said. The company held 3 per cent stake through its indirect wholly-owned subsidiaries, Omega Telecom Holdings Pvt Ltd and Usha Martin Telematics Limited. "Residual proceeds of Rs 19.1 billion (USD 225 million) have been used to acquire 1.7 billion equity shares in Vodafone Idea Limited through a preferential allotment of shares (a "Capital Raise"), increasing Vodafone's shareholding in Vi to 24.39

Vodafone Idea raises $222 million via preferential allotment of shares

The preferential allotment comes at a time when Vodafone Idea is trying to catch up with its stronger rivals

Vodafone Idea planning phased 5G rollout with new tariff plans: CEO Moondra

Vodafone Idea announces plans for phased 5G rollout in 75 cities, offering tariffs reportedly 15% lower than market rates to boost customer acquisition

Vi rolls out unlimited annual data usage plans to counter competition

The loss-making private telecom firm Vodafone Idea has rolled out annual recharge plans for mobile phones, offering users unlimited data from midnight till noon, in an attempt to catch up with competition. The company in a statement shared that it has rolled out pre-paid plans priced at Rs 3,599, Rs 3,699 and Rs 3,799 that will offer unlimited data usage from 12 AM till 12 PM every day throughout the year and it will be in addition to the daily data usage limit at high speed. "Vi's annual recharge plans offer half day unlimited data from 12 AM to 12 PM in addition to a 2GB daily data quota for the remaining 12 hours of the day. Not just that, Vi SuperHero packs also offer weekend data rollover, which allows users to carry forward unused weekday data and use it during the weekend," Vi said. The new recharge plans, Vi SuperHero prepaid packs, are currently available in Maharashtra, Delhi, Gujarat, Tamil Nadu, Kerala, West Bengal, Punjab and Haryana. Vi's rival Jio and Bharti Airtel h

How Vodafone Idea's 5G launch in March could shake up telecom pricing

Vodafone Idea is set to launch 5G services with competitive pricing to challenge Jio and Airtel. It has finalised $3.6 billion worth of contract to enhance 4G network and deploy 5G infrastructure