From NSO data on consumer spending to Walmart International's sales growth, here are the top news stories that made headlines today
AGR liability leads to pre-tax loss of Rs 36,959 crore
A collapse of the mobile operator could translate into total loss of nearly Rs 44,000 crore for the AV Birla group
The relief package may include a cut in licence fee, a two-year moratorium on payment
Most of these companies have seen a sharp erosion in their market values in the wake of the yearlong crisis in India's credit market
On the National Stock Exchange, the shares closed at Rs 4.20 apiece, up 7.69 per cent
Shares of Vodafone-Idea had plunged 23 per cent to a record low on Thursday after the Supreme Court verdict
The verdict will also provide a relief to the government, which is reeling under the problem of controlling its fiscal deficit with some extra revenue
We are disappointed by the verdict of the Hon'ble Supreme Court, Airtel says in a statement
Vice-Chairman Rakesh Bharti Mittal said litigation in the sector was also adding to its woes
But spend on premium customers through content tie-ups may strain telco on both ends of ARPU scale
Group firms make combined losses of Rs 6,134 cr in FY19, but excluding Voda Idea net profit was Rs 8,470 cr
The increased authorised share capital provides headroom for the company to infuse additional funds
Analysts feel the company may revisit dual brand strategy to bring down marketing costs
Ravindar Takkar has been appointed as MD and CEO for a period of three years.
Ravinder Takkar, an experienced global executive, is currently a Board member of Vodafone Idea and Indus Towers where he is responsible for all Vodafone Group interests in India
Vodafone Idea now has a m-cap of Rs 19,454 crore against Rs 39.942 crore at end of last month
Reliance Jio has now surpassed IDEA in terms of the subscriber base
The revenue of Vodafone Idea for the June 2019 quarter fell to Rs 11,269.9 cr as against Rs 11,775 cr logged in the January-March 2019 quarter
The company's revenue stood at Rs 11,270 crore, while the EBITDA came in at Rs 3,650 crore