Telecom industry under tremendous stress; tariffs need to go up: Sunil Mittal"To say telecom industry is in a bit of trouble is actually an understatement. It is in a tremendous amount of stress. I hope the Governmen...
Bombay HC grants bail to Deepak Kochhar in alleged money laundering caseKocchar was arrested by the ED in September last year under the Prevention of Money Laundering Act (PMLA) Act in the alleged ICICI Bank-Vid...
Jio, Airtel balance sheets comfortable despite spectrum purchases: Moody's"As some telcos have large cash holdings while others recently raised debt to fund the purchases, there will not be a significant impact on...
Vodafone Idea launches a new unified brand as it bets big on digitalStarting today, Vi ads will be on TV and digital platforms, followed by a high decibel intensive multi-media campaign.
Vodafone Idea CEO Ravinder Takkar says telco ready to take first step to raise pricesVIL's MD and CEO Ravinder Takkar, at a media briefing on Monday, said that "everyone is selling below cost" and the telco is "not shy to ta...
Voda Idea considers credit enhancement to make investments more attractive for investorsThe telco is working with Mumbai-based InCred Capital and its US investment banking partner PJT Partners along with BNP Paribas on a fundra...
Voda Idea board approves fund raising of up to Rs 25,000 crAnalysts say the telco, borne out of the merger of Vodafone India and Idea Cellular in August 2018, needs to raise $3 to $4 billion in 12-1...
Vodafone Idea Board to meet on September 4 to discuss funding plansET reported on Wednesday that VIL needs to quickly raise at least $3-4 billion through a combination of capital infusion by promoters, righ...
Voda Idea pays Rs 2,900 cr towards NCD maturitiesVodafone Idea has made full payment to all NCD bond-holders, including Franklin.
UTI, Nippon India Mutual Fund set aside Voda Idea debtUTI Mutual Fund and Nippon India MF Monday decided to create a segregated portfolio, following in the footsteps of Franklin Templeton Mutua...
Sebi seeks reply from Franklin Templeton MF on markdown in Vodafone IdeaSebi Chairman Ajay Tyagi parried questions on whether such a move is illegal or if it hurts the broader cause of protection of investors' i...
Stocks in the news: YES Bank, Prince Pipes, SBI, Adani Green and ICICI BankCare Ratings downgraded YES Bank’s infrastructure bonds, lower tier II bonds and Tier II bonds.
Rating companies check whether Vodafone Idea can service its debtIf the government offers to stagger repayments, it could well prove to be a lifeline for the firm.
Rating companies check whether Vodafone Idea can service its debtLast month, CRISIL and CARE Ratings put Vodafone Idea on negative credit watch in the wake of the Supreme Court order asking it to add over...
Investors chary of financials, Voda Idea bond yield jumps 43%The telecom industry is in a serious debt situation and most of the debt is towards the government on spectrum that has been acquired so fa...
Vodafone's funding plan for India unit leaves lenders in a tizzy'Orphan SPV' leaves banks with no recourse to UK telco's balance sheet or equity shares in case of a VIL default.
Market Movers: Trump imposes additional tariff on China; 3 PSU banks' merger & moreA lowdown on top macro triggers that may move market on Tuesday.