Business Standard

Sunday, January 19, 2025 | 12:00 PM ISTEN Hindi

Notification Icon
userprofile IconSearch

Page 2 - Vodafone Ceo

Top business headlines: Vodafone's India crisis, retail inflation, and more

From Supreme Court striking down amended Finance Act rules for tribunals to SpiceJet second quarter loss, Business Standard brings you the top business headlines for the day

Top business headlines: Vodafone's India crisis, retail inflation, and more
Updated On : 14 Nov 2019 | 7:32 AM IST

Govt objects to Voda CEO's comments on India JV being pushed to liquidation

The central government has objected to the reported comments of Nick Read, chief executive of Vodafone, that the India unit of the telecom major was headed for liquidation due to, among other factors, the Supreme Court decision requiring payment of Rs 28,300 crore as spectrum dues.According to media reports, Union telecom and communications minister Ravi Shankar Prasad spoke to Vodafone Idea chairman Kumar Mangalam Birla to express displeasure. Vodafone Plc, the parent entity, says its chief's comments were taken "out of context", presenting an incorrect picture. Vodafone Plc owns 44.3 per cent stake in Vodafone Idea; the Aditya Birla Group holds 26.5 per cent.According to the transcript of Read's utterances, he'd told analysts that due to the Supreme Court's ruling on the correct way to determine telecom company dues from their Adjusted Gross Revenue (AGR), on top of the financial stress already present, the situation of the telecom sector in India and at Vodafone Idea was a ...

Govt objects to Voda CEO's comments on India JV being pushed to liquidation
Updated On : 14 Nov 2019 | 1:43 AM IST

Big adversities and some mistakes: The story of Vodafone's fall in India

What adds to Nick Read's worries is the Supreme Court judgment, which has directed the telcos to pay their outstanding amount within three months

Big adversities and some mistakes: The story of Vodafone's fall in India
Updated On : 13 Nov 2019 | 11:46 PM IST

After returning to growth in Sep quarter, Vodafone ups earnings guidance

Chief Executive Nick Read said he was pleased at the speed with which he was executing his plan.

After returning to growth in Sep quarter, Vodafone ups earnings guidance
Updated On : 13 Nov 2019 | 2:15 AM IST

Vodafone CEO says India venture is at risk of collapse after AGR ruling

Vodafone Group CEO wants a two-year delay on spectrum payments and lower license fees

Vodafone CEO says India venture is at risk of collapse after AGR ruling
Updated On : 13 Nov 2019 | 1:27 AM IST

Ravinder Takkar replaces Balesh Sharma as CEO of Vodafone Idea

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

Ravinder Takkar replaces Balesh Sharma as CEO of Vodafone Idea
Updated On : 20 Aug 2019 | 1:07 AM IST

Nick Read-s the market: Why Vodafone CEO won't bet on Indian telecom

The global CEO is all too familiar with the issues in the Indian telecom market, having been closely linked with Vodafone's India business

Nick Read-s the market: Why Vodafone CEO won't bet on Indian telecom
Updated On : 28 Feb 2019 | 11:09 PM IST