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

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

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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Says most steel for projects is purchased indirectly through contractors rather than the govt

The finance ministry has rejected a proposal by the steel ministry to establish a central organisation for the bulk procurement of green steel. It cited that most steel procured for government projects is purchased indirectly through contractors rath

The surety bonds market in India has the potential to generate billions of dollars in premiums over the coming years

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The odds of winning the Mega Millions jackpot are 1 in 302,575,350, while the odds of winning any Mega Millions prize are 1 in 24, according to lottery officials

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From rate rationalisation to cess management and expanding the GST base, India's evolving tax regime faces critical design and compliance challenges requiring balanced reforms

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

Tata, TCS, N Chandrasekharan, Rajesh Gopinath

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

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BJP president JP Nadda on Saturday said the Centre had allocated space for Manmohan Singh's memorial and informed his family about it as he accused the Congress of indulging in "cheap politics" over the former prime minister's cremation.
The BJP chief's reaction came after the Congress accused the Centre of insulting Singh, the country's first Sikh prime minister, by performing his last rites at Nigambodh Ghat instead of a designated spot that could be turned into his memorial.
Leader of Opposition in the Lok Sabha Rahul Gandhi said the BJP-led Centre had "totally insulted" Singh, a great son of Mother India and the first prime minister from the Sikh community, by performing his last rites at Nigambodh Ghat.
Reacting sharply, Nadda said, "It's very unfortunate that former Congress president Rahul Gandhi and incumbent Congress president Mallikarjun Kharge are not refraining from playing politics even over the former prime minister's sad demise."
"No amount of condemnation is enough 

JP Nadda, Nadda

Delhi Chief Minister on Saturday lauded the growing involvement of parents in their children's education, saying "It's encouraging to see parents actively engaging."
The Delhi Government organised 'Mega Parents-Teacher Meetings' (Mega PTMs) across all 1,500 governmnet schools. Despite rain, the event witnessed significant parent participation, a statement issued here said.
The chief minister visited Sarvodaya Co-ed School in Kalkaji, highlighting the increased confidence among students in Delhi Government schools with many now fluent in English.
"Parents are thrilled that the quality of education once limited to top private schools is now available in Delhi Government schools," she said.
Atishi also praised the rising awareness among parents emphasising that collaboration between teachers and parents plays a key role in children's progress, the statement said.
Parents attending the PTM expressed their satisfaction with improvements in education and infrastructure in Delhi Governme

Atishi marlena, Atishi, Delhi CM

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

Sambit Patra, sambit

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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Govt marked space for Dr Singh's memorial, Cong doing cheap politics: Nadda

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Cong damaged dignity of Dr Singh, now playing politics in his name: BJP

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

Putin apologises to Azerbaijani counterpart for tragic plane crash incident

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

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