Vodafone Idea, the country’s third largest telecom operator, on Wednesday reported a staggering Rs 73,878 crore of net loss in fiscal ended March 2020 – the highest ever by any Indian firm – after it provisioned for Supreme Court mandated statutory dues. The firm, which has to pay Rs 51,400 […]
Read Time : 1 Minutes
Vodafone Idea zooms 30 pc amid reports of Google investment interest
Shares of Vodafone Idea on Friday zoomed nearly 30 per cent amid reports that tech titan Google was eyeing a minority stake in the British telecom group’s struggling India business. Reacting to the reports, stock of the company rallied 29.89 per cent to Rs 7.56 on BSE. On NSE, it rose sharply […]
Read Time : 6 Minutes
Vodafone Idea appeals for relief from govt after record $7 billion loss in Q2
After posting the worst quarterly loss in India’s corporate history, Vodafone Group Plc’s besieged local venture is appealing for urgent relief from the government to help avert a collapse. Facing a $4 billion demand from India to cover past dues, Vodafone Idea Ltd. took a one-time charge that led to […]