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

India's luxury car market sees rapid growth, with over 50,000 units expected to be sold in 2025, supported by rising wealth, new model launches, and a thriving affluent class

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Russian President Vladimir Putin on Saturday apologised to his Azerbaijani counterpart for what he called a tragic incident following the crash of an Azerbaijani airliner in Kazakhstan that killed 38 people.
The plane was flying on Wednesday from Azerbaijan's capital of Baku to Grozny, the regional capital of the Russian republic of Chechnya, when it turned toward Kazakhstan and crashed while making an attempt to land. There were 29 survivors.
In an official statement Saturday, the Kremlin said air defence systems were firing near Grozny on Wednesday due to a Ukrainian drone strike, but stopped short of saying one of these hit the plane.
On Friday, a US official and an Azerbaijani minister made separate statements blaming the crash on an external weapon.

Vladimir Putin, Putin

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China and Japan agreed on Wednesday to set up talks on often contentious security issues as they seek to improve a relationship driven in recent years by a range of issues, from territorial disputes to the discharge of water from Japan's tsunami-wrecked nuclear power plant.
Japanese Foreign Minister Takeshi Iwaya, on his first trip to China since assuming the post in October, sounded positive after meetings with Chinese Premier Li Qiang and Foreign Minister Wang Yi, saying the talks were very candid" and wide-ranging.
I feel we were able to build a personal relationship that would lead to the future," he told reporters in the Chinese capital.
Wang agreed to visit Japan next year for a high-level economic dialogue including cooperation on the environment, energy conservation and health and nursing care. Japan announced an easing of visa requirements for Chinese visitors, following China's recent decision to allow Japanese to enter without a visa.
The two countries also have major ..

China-Japan flag

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Congress had demanded a funeral in a place where a memorial to Singh could be built. However, the Centre said land for a memorial would be earmarked in the next few days

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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

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

Luxury on wheels: Over 6 high-end cars sold every hour in India in 2024

Putin apologises to Azerbaijani counterpart for tragic plane crash incident

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