Adjusted Gross Revenue

The government of India will own nearly 33% of Vodafone Idea's equity, and become the single-largest shareholder if the deal goes through

Tata Teleservices, one of the first to start wireless telephony services in India, becomes cash burner for group

Hindustan Zinc Ltd (HZL) on Thursday reported a 55.9 per cent rise in consolidated net profit at Rs 3,092 in the June quarter, mainly on the back of higher metal prices. The company had posted consolidated net profit of Rs 1,983 crore in the first quarter of the previous fiscal, it said in a filing to BSE. The consolidated revenue from operations in the April-June preriod increased by 44.8 per cent to Rs 9,236 crore, over Rs 6,378 crore in the year-ago period, the filing said. "Net profit for the quarter was at Rs 3,092 crore, up 55.9 per cent Y-o-Y and 5.6 per cent sequentially," the company said in a statement. HZL's board has given the approval for forming a wholly-owned arm to set up a five lakh tonnes per annum fertiliser plant. "Hindustan Zinc delivered best first-quarter production for mined metal, refined metal and silver. With the exit run-rate for both mined and refined metal crossing over one million tonnes, we are fully geared to deliver another stellar performance th

Has option to convert interest on deferred amount into additional equity to govt

Takkar reiterated that the company's existing promoters and management will continue to be in charge of the company. There will be no government nominees on the board either.

Currently, the Aditya Birla group holds around 27.7 per cent while Vodafone Group holds 44.3 per cent in the telco

The company informed the DoT that it will not avail the option of conversion of interest on deferred spectrum and AGR dues into equity.

It is learnt that the letter of acceptance was sent by the company to the department of telecommunications (DoT) last week

Telcos have been given time till October 29 to communicate whether they wish to avail a moratorium on payment of spectrum dues and AGR

Bharti Airtel, Vodafone Idea, and Reliance Jio get 3 months to inform DoT on equity conversion

As of now, there's no clarity on whether the government stake would be limited to 26 per cent or if it could go up much further

The telecom relief package has offered the ailing telecom service provider only a breather; it will have to earn its way to the longer-term policy benefits

The government budgeted Rs 1.33 trillion as non-tax revenues from the telecom sector in 2020-21, but only Rs 34,000 crore could be realised

Valuation gets a leg-up after bailout package

The move has been questioned by many analysts who say that if both options are taken, it will turn VIL into a government company

The government also accepted taking equity as payment for dues

The government has always maintained the telecom sector should not become a duopoly and at the same time the relief measures should not be given to one company

It's now for the telcos to strengthen their finances

The Union Cabinet may consider on Wednesday a moratorium on payment of spectrum dues by telecom firms as part of a package for the sector aimed at giving relief to companies