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Business News Roundup: September 22, 2021

Sep 22, 2021 Outlook Business Team

In this section, we recapitulate all the action from the world of business, finance and economic policymaking

Vodafone-Idea To Seek Board's Approval For Fundraising: CEO

Sep 22, 2021 Outlook Business Team

Vodafone-Idea Managing Director and CEO Ravinder Takker will update its business plans as and when the actual guidelines come from the government, he informs.


Reform Package: A Positive Bet To Revamp Telecos Biz, Says Moody's

According to the ratings agency, data consumption would continue to grow with increased transition to remote working and online transactions - this would help telcos' strengthen their earnings and cash flow

Sunil Mittal Aspires To Keep The Telecom Industry Together; Spoke To Vodafone-Idea Chief About Telecom Reforms

Sep 16, 2021 Outlook Business Team

He urged the industry to work together in areas such as infrastructure but said he was strictly opposed to any cartelisation


Vodafone Idea Breach 26 Per-Cent Mark A Day After Announcement Of Reforms

The surge comes a day after the Union Government announced a slew of reforms for telecommunication sector including a four-year moratorium on payment of dues and allowing 100 percent FDI in the sector

15 September, 2021

Telecom Reforms: Cabinet Approves 4-Year-Moratorium To Telcos For Payment Of Dues, 100% FDI

Outlook Web Desk

In big bang reforms, the Union Cabinet on Wednesday approved a relief package for the telecom sector that includes a four-year moratorium on payment of statutory dues by telecom companies as well as allowing 100 per cent foreign investment through the automatic route.


15 September, 2021

Govt Considering Token Stake in Vodafone-Idea to Boost Investor Confidence: Sources

Outlook Business Team

The move is aimed at instilling investor confidence in the beleaguered company; Kumar Mangalam Birla had offered his stake in the Vodafone-Idea combine to the Government last month


15 September, 2021

A relief package could be underway for the troubled Telecom sector

Outlook Business Team

According to PTI, the Union Cabinet is considering a relief package in the form a moratorium on payment on spectrum dues alongside revision of ADRs, spectrum charges and on unpaid dues


07 August, 2021

What Awaits Vodafone-Idea: Separating Facts From Fiction

Outlook Business

From bankruptcy to selling off of stakes to the government, rumours are abuzz about Vi. We tell the facts from the fake.


06 August, 2021

Retrospective Tax Law: All You Need To Know

Outlook Business

A bone of contention since it was passed in 2012, the retro tax has spooked investors for years.


05 August, 2021

Govt Brings Tax Withdrawal Bill To Lok Sabha To Revoke Tax Demand On Cairn, Vodafone

Outlook Web Desk

The bill provides for the withdrawal of tax demand made on "indirect transfer of Indian assets if the transaction was undertaken before May 28, 2012 (i.e. the day the retrospective tax legislation came into being)."


04 August, 2021

KM Birla’s Vodafone-Idea Letter: Cry for Help Or Masterstroke?

Asha Menon

As Kumar Mangalam Birla steps down making way for Himanshu Kapania to take over as non-executive chairman of Vodafone-Idea, it is time to analyse what was the real meaning of his letter to the government.


04 August, 2021

Vodafone Idea Shares Plunge Over 10% After Kumar Mangalam Birla Offers To Hand Over His Stake To Govt

PTI

The stock plunged 10.30 per cent to close at Rs 7.40 on the BSE. During the day, it tumbled 13.09 per cent to Rs 7.17 -- its 52-week low.


03 August, 2021

Willing to Handover My Stake In Vodafone Idea: K M Birla Tells Centre

PTI

KM Birla, who holds around 27 per cent stake in VIL, said investors are not willing to invest in the company in the absence of clarity on AGR liability among other issues


24 January, 2021

Cairn Energy's Shareholders Urge India To Honour Rs 10,247 Cr Worth Arbitration Award

PTI

This is the second loss the government has suffered in recent months over the retrospective levy of taxes.


24 December, 2020

India Challenges Vodafone Arbitration Ruling In Singapore Court

Outlook Web Bureau

The issue is being watched closely after a fresh disappointment for the income tax (I-T) department in the Cairn case.


23 December, 2020

Cairn Energy Wins Retro Tax Arbitration, India Directed To Pay $1.4 Bn

PTI

Cairn Energy was slapped with a tax demand of Rs 10,247 crore in March 2015 over alleged capital gains


29 July, 2020

Telecom Industry Lost 82 Lakh Subscribers During Lockdown In April: Report

PTI

The decline in subscriber base during April was preceded by a loss of 28 lakh connections in March, which saw the lockdown being imposed towards the end, India Ratings and Research said.


Photo Gallery

A man carries a girl across the Rio Grande river as migrants, many from Haiti, leave Del Rio, Texas to return to Ciudad Acuna, Mexico, some to avoid possible deportation from the U.S. and others to get supplies.

AP Photo/Fernando Llano

People wearing protective masks are seen on a train that is traveling through Shinjuku district in Tokyo.

AP Photo/Kiichiro Sato

Framed through a cave opening at Ita Pyta Punta or Cape Red Rock, empty boats sit moored on the banks of the Paraguay River, in Asuncion, Paraguay amid a prolonged drought, resulting in low water levels.

AP Photo/Jorge Saenz

White flags that are part of artist Suzanne Brennan Firstenberg's "In America: Remember," a temporary art installation to commemorate Americans who have died of COVID-19, stand on the National Mall in Washington.

AP Photo/Patrick Semansky

Pope Francis gives the thumbs up as he leaves after his weekly general audience in the Paul VI Hall at the Vatican.

AP Photo/Alessandra Tarantino
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