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1 week ago | 
livemint.com | Jatin Grover |Shayan Ghosh |Devina Sengupta
Fading hopes of securing relief on telecom companies' government dues has turned the attention to bank guarantees worth around ₹6,000 crore that Vodafone Idea Ltd, the weakest telco, has submitted to the government. On 19 May, the Supreme Court rejected petitions from Bharti Airtel Ltd and Vodafone Idea to waive some of the dues linked to their adjusted gross revenues (AGR).
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1 week ago | 
htsyndication.com | Jatin Grover |Shayan Ghosh |Devina Sengupta
new delhi/mumbai, May 28 -- Fading hopes of securing relief on telecom companies' government dues has turned the attention to bank guarantees worth around Rs.6,000 crore that Vodafone Idea Ltd, the weakest telco, has submitted to the government. On May 19, the Supreme Court (SC) rejected petitions from Bharti Airtel Ltd and Vodafone Idea to waive some of the dues linked to their adjusted gross revenues (AGR).
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3 weeks ago | 
htsyndication.com | Jatin Grover |Devina Sengupta
Posted On: 2025-05-16 Posted By: Jatin Grover, Devina Sengupta Business & Finance National Technology Politics Cities MINT New Delhi, May 16 -- Vodafone Idea Ltd's survival hangs in the balance, as it pleads before the Supreme Court for a waiver on massive government dues, with banks refusing loans.
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3 weeks ago | 
livemint.com | Jatin Grover |Devina Sengupta
“It is humbly submitted that without bank funding, the Petitioner company (Vodafone Idea) will not be able to operate beyond FY 2025-26, as it does not have the ability to pay AGR instalment of ₹18,000 crore as per DoT (department of telecommunications) demands due in March 2026," Vodafone Idea said in its petition submitted to the Supreme Court on 13 May. Mint has reviewed the petition.
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4 weeks ago | 
livemint.com | Devina Sengupta |Jatin Grover
News Summary With the northern region emerging as the primary site of conflict, some firms have established task forces to track employee locations and monitor the status of their operations there. This is a Mint Premium article gifted to you. Subscribe to enjoy similar stories.
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1 month ago | 
htsyndication.com | Devina Sengupta |Jatin Grover
New Delhi, May 9 -- Mounting tensions with Pakistan have prompted Indian companies to prioritize employee safety, recommending work-from-home for those near affected areas and suspending all travel to offices near the border. With the northern region emerging as the primary site of conflict, some firms have established task forces to track employee locations and monitor the status of their operations there.
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1 month ago | 
htsyndication.com | Jatin Grover |Devina Sengupta
New Delhi, May 9 -- The Centre is unlikely to conduct a spectrum auction in 2025, according to two government officials as well as industry executives who are aware of the matter. Reason: India's three telecom operators are not inclined to buy more spectrum this year after spending vast amounts in previous auctions, the people cited above said on condition of anonymity.
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1 month ago | 
livemint.com | Jatin Grover |Devina Sengupta
The operators are currently looking to recoup the investments gone into purchasing ₹1.5 trillion worth 5G spectrum in 2022 and capital expenditure for rollout of the network, analysts said. “Department of telecommunications (DoT) is targeting to auction the spectrum early next year," one of the officials cited above said.
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2 months ago | 
htsyndication.com | Devina Sengupta |Jatin Grover
New Delhi, April 2 -- Vodafone Idea Ltd, India's third-largest telecom operator that just received a second lifeline from the government, is scouting for a chief executive officer (CEO) as incumbent Akshaya Moondra's term expires in August this year, according to two senior telecom executives aware of the development.
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2 months ago | 
livemint.com | Devina Sengupta |Jatin Grover
“The search for the new CEO has started and the telco may look at CXOs from industries like consumer and technology (sectors) who have a strong understanding of distribution," said one of the sector executives on the condition of anonymity. Also Read | You may soon be able to identify spam callers Mint's emailed queries to Vi remained unanswered at the time of publishing.
