{
}
The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
The Cabinet has approved waiving bank guarantee requirements for telecom operators on spectrum purchases made before 2022, providing significant relief to Vodafone Idea, which owes over Rs 24,700 crore to the government. This decision aims to alleviate financial stress in the telecom sector and enhance cash flow for operators, facilitating greater investment in network expansion. The move follows earlier reforms that removed BG requirements for future spectrum acquisitions, addressing concerns raised by the Cellular Operators Association of India.
Vodafone Idea"s Rs 25,000-crore debt-funding plan faces delays following the Supreme Court"s rejection of its AGR curative petition, which may hinder its financial recovery. Analysts suggest government relief could convert some statutory dues into equity, but the hold-up in securing loans could impact the company"s capital expenditure targets and competitive position against Reliance Jio and Airtel.
Agro Tech Foods is set to acquire Del Monte Foods Pvt Ltd from Bharti Enterprises in a deal valued at over Rs 1,300 crore, marking Bharti's exit from the joint venture. The acquisition will be executed through a preferential allotment of 1.33 crore equity shares at Rs 975.5 each, allowing Agro Tech to gain full ownership without cash outlay. Following the announcement, Agro Tech's shares fell by 1.5%, although the stock has risen 28% over the past year.
Airtel
Companies
18:48 25.11.2024
05:25 19.11.2024
Indian Rupee
Agro Tech Foods Limited
Bharti Enterprises Ltd.
Airtel
Del Monte Pacific
SGP
IND
Show more
08:53 14.11.2024
Trending
Subcategory:
Cryptocurrency Markets
Cryptocurrency Trends
Stock Market Updates
Market Sentiment Analysis
Decentralized Finance (DeFi) Innovations
Market Analysis and Predictions
Hedge Funds & Private Equity
Central Bank Actions
Tokenomics and Crypto Economics
Banking Regulations
Cryptocurrency Regulations
Anti-Money Laundering (AML) Regulations
Cryptocurrency & Blockchain Regulations
Employment Reports
Inflation Rates & CPI Data
GDP Growth & Recession Forecasts
Community Building in Blockchain Gaming
ESG & Sustainable Finance Regulations
Market Updates
Mergers & Acquisitions
Countries:
Companies:
Currencies:
People:
Apple Inc.
Santiment Network Token USD
Ripples USD
International Monetary Fund FUND
Notcoin USD
BTG Pactual Chile S.A. Administradora General De Fondos - Liquidez Alternativa Fund
Julius Bär Gruppe AG
VanEck Bitcoin ETF
Bitwise Bitcoin ETF
Bitcoin USD
Cantilan Bank Inc.
Ethereum USD
Grayscale Bitcoin Trust ETF
Ripple USD USD
RENDER
Arweave AUD
Uniswap KRW
Solana USD
TRON USD
WazirX USD
Seems like the connection with the server has been lost. It can be due to poor or broken network. Please hang on while we're trying to reconnect...
Oh snap! Failed to reconnect with the server. This is typically caused by a longer network outage, or if the server has been taken down. You can try to reconnect, but if that does not work, you need to reload the page.
Oh man! The server rejected the attempt to reconnect. The only option now is to reload the page, but be prepared that it won't work, since this is typically caused by a failure on the server.