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Vodafone

Retrospective Tax Law: All You Need To Know

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

07 August 2021

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

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.


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

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


What Awaits Vodafone-Idea: Separating Facts From Fiction

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

07 August 2021

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

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.


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

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

24 January 2021

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

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)."

05 August 2021

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India Challenges Vodafone Arbitration Ruling In Singapore Court

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

24 December 2020

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23 December 2020
Cairn Energy Wins Retro Tax Arbitration, India Directed To Pay $1.4 Bn

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

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

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

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...


18 March 2020
'Sheer Violation': SC Furious With Telecos, Centre For Self-assessment Of AGR Dues

'Sheer Violation': SC Furious With Telecos, Centre For Self-assessment Of AGR Dues

A plea filed by the government said if the telecom companies face proceedings under the Insolvency and Bankruptcy Code, it will have adverse impacts on...


18 February 2020
Airtel, Vodafone Idea Make Part Payment; Supreme Court Refuses To Block Coercive Action

Airtel, Vodafone Idea Make Part Payment; Supreme Court Refuses To Block Coercive Action

While Airtel paid Rs 10,000 crore, Vodafone Idea Ltd put in Rs 2,500 crore and promised to pay another Rs 1,000 crore before the end of the week.


01 December 2019
Jio To Hike Mobile Calling, Data Charges By Up To 40% From December 6

Jio To Hike Mobile Calling, Data Charges By Up To 40% From December 6

Jio said it will continue to work with the government on the consultation process for revision of telecom tariffs


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30 November 2019
Telecom Turmoil: Is India Ready To Brace The Impact Of Rising Call, Data Charges

Telecom Turmoil: Is India Ready To Brace The Impact Of Rising Call, Data Charges

Saddled with huge losses and even higher debts, the telecom companies have no option but to shore up incomes and margins. Mobile data charges are one of the...


19 November 2019
After Airtel, Vodafone, Reliance Jio To Hike Mobile Tariffs Soon

After Airtel, Vodafone, Reliance Jio To Hike Mobile Tariffs Soon

Jio had stormed the telecom sector with free voice calls and dirt-cheap data


18 November 2019
Vodafone Idea, Airtel To Raise Tariffs From December 1

Vodafone Idea, Airtel To Raise Tariffs From December 1

Mobile data charges in India are by far the cheapest in the world even as the demand for mobile data services continue to grow rapidly, the company said.


24 October 2019
SC Allows Centre To Recover Adjusted Gross Revenue 92,000 Crore From Telecom Companies

SC Allows Centre To Recover Adjusted Gross Revenue 92,000 Crore From Telecom Companies

A three-judge bench, headed by Justice Arun Mishra, upheld the definition of adjusted gross revenue formulated by the Department of Telecom


29 March 2019
SC Issues Notice To Vodafone, Airtel In Saradha Scam

SC Issues Notice To Vodafone, Airtel In Saradha Scam

The Supreme Court on Friday issued notice to telecom service providers Vodafone and Airtel on a CBI plea claiming that the two service providers were not...


31 August 2018
Idea, Vodafone Merger Aims For Top Spot In Indian Telecom Sector

Idea, Vodafone Merger Aims For Top Spot In Indian Telecom Sector

Kumar Mangalam Birla will be chairman of the new company that will have a 12-member board of directors.


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31 August 2018
Law Tribunal Clears Merger, Vodafone Idea To Become Country's Largest Telecom Operator

Law Tribunal Clears Merger, Vodafone Idea To Become Country's Largest Telecom Operator

Vodafone Idea is expected to have a subscriber base of over 400 million


26 July 2018
Govt Gives Final Approval To Vodafone-Idea Merger, To Be India's Largest Operator

Govt Gives Final Approval To Vodafone-Idea Merger, To Be India's Largest Operator

The move comes just days after Idea Cellular and Vodafone India made a joint payment of Rs 7,268.78 crore 'under protest' to the Department of Telecom (DoT)...


01 June 2018
Silence Across The Spectrum

Silence Across The Spectrum

Telecom providers gasp for breath under Jio’s onslaught, TRAI rules. As losses mount, the future holds more hurt.


12 January 2018
NCLT Approves Idea-Vodafone Merger

NCLT Approves Idea-Vodafone Merger

Vodafone To Hold 47.5 % Stake In The Merged Entity


30 December 2017
The Year’s Biggest Business Stories That You May Have Already Forgotten

The Year’s Biggest Business Stories That You May Have Already Forgotten

It was a year of hardknocks for businessman Adani, and that of promises for Ambani.


15 October 2017
'Link Aadhaar To Your Mobile Number': Telecom Firms Bombard Consumers With Threat Messages

'Link Aadhaar To Your Mobile Number': Telecom Firms Bombard Consumers With Threat Messages

Many customers have complained that some operators have told them that their numbers would be disconnected if the verification is not "immediately completed".


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