Adjusted Gross Revenue

FinMin okays converting Vodafone Idea's Rs 16,100 cr dues to govt equity

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 Sons pegs AGR liabilities of two telecom firms at Rs 19,638 cr

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

Hindustan Zinc net profit rises 56% in Q1 to Rs 3,092 cr; revenue jumps 45%

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

Vodafone Idea to take 4-year reprieve on Rs 8,837-crore AGR dues

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

Share issue to govt expected in a month's time: Vi CEO Ravinder Takkar

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.

Govt set to become largest shareholder of Vi, to own 35.8% stake

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

Airtel to pay interest on deferred liabilities to govt, not to issue equity

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

Bharti Airtel opts for four-year moratorium on payment of AGR dues

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

Vodafone Idea accepts 4-year payment moratorium on spectrum dues

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

DoT tells Airtel, Voda Idea, Jio to decide on AGR moratorium in 10 days

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

Despite govt's relief package, questions remain over Voda Idea's survival

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

BS Views of the Week: Fixing green finance and some hard choices on China

Uncertain call remains for Vodafone Idea despite govt's relief package

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

Telecom relief package likely to cost Rs 14,000 crore to govt in FY22

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

5G tech, new equity investors to be Vodafone Idea's calling card

Valuation gets a leg-up after bailout package

Govt likely to hold 30-70% equity in Vodafone Idea after four years

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

Big breather for Voda Idea as govt clears relief package for telecom sector

The government also accepted taking equity as payment for dues

Govt responds to telco SOS, okays 4-year moratorium on AGR dues payment

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

The right call

It's now for the telcos to strengthen their finances

Cabinet may consider relief package for telecom sector on Wednesday

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