Idea

Voda Idea Q4 results: Net loss widens to Rs 7,674 cr, Arpu at Rs 146

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

Can Voda Idea play on the front foot in a market fast resembling a duopoly?

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

Vodafone Idea imposed Rs 13.16 cr penalty by addl commissioner in GST case

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.

Centre asks Vodafone Idea to convert govt dues into equity worth $2 billion

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

Vodafone Idea's fundraising put on hold as govt delays equity call

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

Vodafone may have to raise tariffs to meet a Rs 6,400 cr shortfall by Sept

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

Vodafone Idea enhances postpaid offering as it loses ground to Airtel

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

Vodafone Idea's chief financial officer Akshaya Moondra named CEO

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

VIL realigns consumer digital function to drive scale, pace of delivery

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

Top headlines: Automatic nod for China FDI, Govt eyes Rs 6,200 cr in AGR

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

MARKETS: Financials lift indices; Sensex up 282 pts, Nifty ends at 12,859

All that happened in the markets today

Vodafone Idea hires Bank of America, Morgan Stanley for $1.9-bn fibre sale

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

Bharti to slip into the red, Idea's losses to double in June quarter

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

Idea Cellular completes sale of 9,900 mobile towers to ATC for Rs 40 bn

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

Vodafone, Idea to sell their tower biz to ATC for Rs 7,850 crore

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

ATC tower deal if sale completion precedes telcos' merger.