Ravindar Takkar has been appointed as MD and CEO for a period of three years.
From DTC task force recommending slashing of corporate tax to 25% for domestic and foreign firms to DHFL defaulting on financial repayment obligations, here are the top business headlines for Tuesday
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
Jio's addition of 8.26 million customers in June was higher than the 8.18 million it reported in May
Ravinder Takkar, currently Vodafone Group's representative in India, will be appointed as the new MD and CEO with immediate effect, the company said in a statement
Vodafone Idea shed 41.45 lakh subscribers, and Bharti Airtel 29,883 customers during June, while the Jio continued to add customers at a breakneck speed
Market price of Rs 5.5 a share gives opportunity to Birla Group to mop up shares from the stock markets.
The development comes within two days of another rating agency Crisil downgraded credit value of Vodafone Idea
While the Airtel stock has soared 72 per cent since the issue, that of Voda Idea has dropped to half of where it started off
Amdocs provide software solutions around billing, consumer engagement with telecom network etc
Focus on 4G subscriber growth balances rising cost for telecom firm
The deep-pocketed Jio's entry has so far impacted all the telcos, forcing mergers and also bankruptcy filings
Reacting to the weak June quarter numbers, the firm's shares tanked 27 per cent on Monday, eroding over Rs 7,000 crore from its market valuation
Vodafone m-pesa was one of the 11 firms that was given payments bank licence by the Reserve Bank of India in 2015
Over the past one-and-half years, the number of stocks trading below their respective face value has increased 29 per cent
Since launch of minimum service recharge plans firm loses 67 mn subscribers
Vodafone Idea CEO Balesh Sharma attributed regulatory changes for the payments bank business and deterioration in health of telecom sector to the decision
Reliance Jio has now surpassed IDEA in terms of the subscriber base
Voda Idea's June quarter net loss at Rs 4,873 crore
Reliance Jio had a user base of 331.3 million in June 2019.