Vi redials govt to settle AGR issue
Business Standard|September 24, 2024
Vodafone Idea (Vi) has begun a "fresh dialogue" with Centre to resolve the Adjusted Gross Revenue (AGR) dues issue, CEO of the telecom major Akshaya Moondra told analysts on Monday, asserting that the long-term business plans and revival strategy of the company remain "unaffected" from the curative petition outcome.
SUBHAYAN CHAKRABORTY
Vi redials govt to settle AGR issue

He also said the telco expected its ongoing efforts to raise debt funding to be completed in the next 2 months, as an independent third party has completed the techno-economic evaluation.

The telecom company announced an urgent conference call with analysts and investors after the Supreme Court last week rejected a batch of curative petitions from telcos, including Vi, seeking a review of the massive ₹1.43 trillion cumulative AGR.

Diese Geschichte stammt aus der September 24, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

Diese Geschichte stammt aus der September 24, 2024-Ausgabe von Business Standard.

Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.

WEITERE ARTIKEL AUS BUSINESS STANDARDAlle anzeigen
Business Standard

Meet Bharat Semi, startup behind Indo-US partnership

Meet Vrinda Kapoor, Vinayak Dalmia, and Mukul Sarkar, the founders of Bharat Semi, who dreamt of creating world-class products in India that would rival global standards.

time-read
2 Minuten  |
September 24, 2024
Vi redials govt to settle AGR issue
Business Standard

Vi redials govt to settle AGR issue

Vodafone Idea (Vi) has begun a \"fresh dialogue\" with Centre to resolve the Adjusted Gross Revenue (AGR) dues issue, CEO of the telecom major Akshaya Moondra told analysts on Monday, asserting that the long-term business plans and revival strategy of the company remain \"unaffected\" from the curative petition outcome.

time-read
1 min  |
September 24, 2024
Meity timeline for chip production in the works
Business Standard

Meity timeline for chip production in the works

The Ministry of Electronics and Information Technology (Meity) is finalising a timeline for the commercial production of semiconductor wafers and chips from projects already approved by the government, as it intensifies its focus on execution, according to official sources.

time-read
2 Minuten  |
September 24, 2024
Business Standard

Medical gear makers up in arms against zero-duty imports under EU FTA

The Ministry of Electronics and Information Technology (Meity) is finalising a timeline for the commercial production of semiconductor wafers and chips from projects already approved by the government, as it intensifies its focus on execution, according to official sources.

time-read
2 Minuten  |
September 24, 2024
Business Standard

Kolkata Power Center key to our GaN play: GlobalFoundries

GlobalFoundries’ Kolkata Power Center will be crucial to its play in emerging technologies like gallium nitride (GaN), said the global semiconductor manufacturer.

time-read
1 min  |
September 24, 2024
Qcom-kirana store tangle under ministry scanner
Business Standard

Qcom-kirana store tangle under ministry scanner

The Ministry of Consumer Affairs is in the process of examining the issue of quick commerce players impacting businesses of local kirana stores, a senior government official said on Monday.

time-read
1 min  |
September 24, 2024
Price hikes boost margins of pathlabs
Business Standard

Price hikes boost margins of pathlabs

Move comes despite growing competition with online players

time-read
2 Minuten  |
September 24, 2024
Business Standard

MyTVS forays into EV mobility service market to tap quick-commerce growth

The country's largest digital automotive aftermarket platform MyTVS on Monday announced entry into EV mobility service with the launch of pan-Indian 'Mobility-as-a-Service' (MaaS) to provide end-to-end vehicle management solutions to quick commerce and e-tail firms that extensively use electric two-wheelers.

time-read
1 min  |
September 24, 2024
Business Standard

Credit costs of MFIs may go up to 3-3.5% in FY25

Reflecting the build-up of stress due to rise in delinquencies, the credit costs of micro finance institutions (MFIs) are expected to rise to 3-3.5 per cent in 2024-25 (FY25) from around 2 per cent in FY24, according to CRISIL Ratings.

time-read
1 min  |
September 24, 2024
Credit card delinquencies up as retail credit growth eases
Business Standard

Credit card delinquencies up as retail credit growth eases

Balance-level delinquencies in the credit card segment saw a 17 basis points (bps) year-on-year (Y-o-Y) rise in the quarter ending June 2024 (Q1FY25).

time-read
1 min  |
September 24, 2024