The review comes even as trade tensions and a weakening Europe cast a shadow over global growth (Reuters)
The review comes even as trade tensions and a weakening Europe cast a shadow over global growth (Reuters)

IMF forecasts India’s growth will improve to 7.5% in the next fiscal

  • Risks to global growth tilt to the downside, with IMF revising 2019 growth projection downwards by 20 bps to 3.5%  
  • The review comes even as trade tensions and a weakening Europe cast a shadow over global growth

IDBI holds a 48% stake, while Federal Bank and Ageas own 26% each in the joint venture.
IDBI holds a 48% stake, while Federal Bank and Ageas own 26% each in the joint venture.

IDBI  gets  nod  to  resume  insurance  JV  stake  sale plan

  • IDBI joins other state-owned lenders that are in the process of monetizing their shareholding in insurance joint ventures
  • IDBI’s announcement follows LIC’s announcement that it has completed the acquisition of a 51% stake in the bank

Companies such as Airtel and Vodafone contended that these rules on predatory pricing would give undue advantage to new players (Mint)
Companies such as Airtel and Vodafone contended that these rules on predatory pricing would give undue advantage to new players (Mint)

Top court to hear Trai petition against tribunal’s ruling on predatory pricing

  • A bench headed by justice R.F. Nariman issued notices to Bharti Airtel, Vodafone, and Reliance Jio Infocomm
  • TDSAT had highlighted the need for “objective” yardsticks to introduce vital changes relating to SMP and non-predation

Xander has also begun negotiations to identify and acquire land, where proposed logistics parks are expected to come up (Ramegowda Bopaiah/Mint)
Xander has also begun negotiations to identify and acquire land, where proposed logistics parks are expected to come up (Ramegowda Bopaiah/Mint)

Xander in talks to set up logistics platform in India

  • PE firm begins negotiations to identify and acquire land parcels for logistics parks
  • India’s logistics industry, which is worth around $160 billion, is likely to touch $215 billion in the next three years

The EU rules took effect across the 28-nation bloc on 25 May (Reuters)
The EU rules took effect across the 28-nation bloc on 25 May (Reuters)

France slaps $56.8 million fine on Google

  • Google has come under CNIL’s scrutiny before, but under the old rules, fines couldn’t exceed €150,000
  • Google was accused of forcing users to agree to new privacy policies

All central universities have a sanctioned strength of 17,092 faculty members of which 5,606 positions are vacant. (Photo: HT)
All central universities have a sanctioned strength of 17,092 faculty members of which 5,606 positions are vacant. (Photo: HT)

EWS quota may face infrastructure, faculty hurdles

  • A Delhi University professor said jumping into the EWS quota will worsen the teacher-student equation
  • Neither the HRD ministry nor the UGC has explained how to implement 10% quota in education for EWS

Hemant Kanoria, chairman and managing director, Srei Infra (MINT)
Hemant Kanoria, chairman and managing director, Srei Infra (MINT)

Srei Infrastructure gets board nod to list equipment finance business

  • The move will help augment the capital of both its infra finance and equipment finance businesses
  • Srei’s equipment finance business funds the purchase of new and used equipment for sectors such as construction, mining and allied equipment

 (Photo: Mint)
(Photo: Mint)

PMJAY spending gives a boost to govt’s focus on tertiary care

  • The top tertiary specialities for treatment were cardiology, cardiothoracic, vascular surgery, orthopaedics
  • The estimated proportion of all deaths due to NCDs rose from 37.09% in 1990 to 61.8% in 2016, says ICMR report

The analytics on data captured by various tax and regulatory authorities has empowered the tax administration in India to focus its efforts towards potentially non-compliant taxpayers. (PTI)
The analytics on data captured by various tax and regulatory authorities has empowered the tax administration in India to focus its efforts towards potentially non-compliant taxpayers. (PTI)

Opinion | Tech changing the face of indirect tax, transfer pricing

The capability of the government to digitize tax compliance has reached a new high after GST came in to effect

Patek Philippe chairman Thierry Stern (Reuters)
Patek Philippe chairman Thierry Stern (Reuters)

Swiss watchmaker Patek Philippe may be put on the block

  • Patek Philippe has sales of 1.5 billion francs, according to Berenberg estimates
  • The 180-year-old Swiss watchmaker could fetch 7 billion to 9 billion euros, analysts led by Zuzanna Pusz wrote in a note

The Kartarpur corridor will connect the shrines of Dera Baba Nanak Sahib in Gurdaspur district of Punjab in India with Gurdwara Darbar Sahib in Kartarpur in Pakistan. (Photo: Twitter)
The Kartarpur corridor will connect the shrines of Dera Baba Nanak Sahib in Gurdaspur district of Punjab in India with Gurdwara Darbar Sahib in Kartarpur in Pakistan. (Photo: Twitter)

Pakistan shares Kartarpur draft pact

  • The draft pactwas given to the Indian high commission in Islamabad, according to the foreign office statement
  • New Delhi has received the draft of the agreement that aims to finalise the documents needed for pilgrims to cross over

The last time the world was at a crossroads, things did not work out—objects in the rear view mirror are closer than they appear.
The last time the world was at a crossroads, things did not work out—objects in the rear view mirror are closer than they appear.

Globalization 4.0 has just begun, but we are vastly underprepared for it

  • Economic protectionism and vociferous nationalism have joined forces to win elections and widen differences
  • Strong winds buffeting the world over the last few years have intensified and spread, causing change and disruption

Lockheed Martin has offered to shift its F-16 production line from the United States to India (Bloomberg)
Lockheed Martin has offered to shift its F-16 production line from the United States to India (Bloomberg)

Lockheed sees potential exports of 200 F-16 jets from proposed Indian plant

  • Lockheed Martin has offered to shift its F-16 production line from the United States to India
  • Lockheed has picked Tata Advanced Systems as its Indian partner for the proposed F-16 plant 

China’s 2018 growth slows down to a 28-year low of 6.6%

  • Growing signs of weakness in China are fueling anxiety about risks to the world economy and are weighing on profits for firms
  • Policymakers have pledged more support this year to reduce the risk of massive job losses, but have ruled out a "flood" of stimulus 

FILE PHOTO: Farmers sprinkle fertilisers on a paddy field on the outskirts of Ahmedabad, India, February 1, 2017. (Reuters)
FILE PHOTO: Farmers sprinkle fertilisers on a paddy field on the outskirts of Ahmedabad, India, February 1, 2017. (Reuters)

Farm-loan waivers to hit states fiscal deficit targets: Report

  • India Ratings expects the states' revenue account on aggregate to clock a deficit of 0.5 percent of GDP in FY20 
  • The agency has, however, maintained a stable outlook on the finances of the states for FY20

Finance minister Arun Jaitley had budgeted  ₹70,100 crore for farm subsidies in 2018-19 (PTI)
Finance minister Arun Jaitley had budgeted 70,100 crore for farm subsidies in 2018-19 (PTI)

Government may pay farmers cash instead of subsidies

  • The government is planning to club all farm subsidies including fertiliser costs
  • The additional cost is likely to be limited to 70,000 crore annually

IMF has projected average oil prices at just below $60 per barrel in 2019 and 2020 (Reuters)
IMF has projected average oil prices at just below $60 per barrel in 2019 and 2020 (Reuters)

India's contribution to world growth doubles in a decade 

  • The IMF estimates India's economic growth at 7.3% in 2018-19, 7.5% in 2019-20 and 7.7% in 2020-21
  • Lower oil prices, slower pace of monetary tightening and easing inflationary pressures aiding growth

China president Xi Jinping. (Photo: Bloomberg)
China president Xi Jinping. (Photo: Bloomberg)

Xi Jinping warns party of 'serious dangers' as Chinese economy slows down

  • Xi Jinping told top provincial leaders and ministers that the Communist Party needed greater efforts to prevent risks
  • The US, under President Donald Trump, has slapped tariffs on hundreds of billions worth of dollars of Chinese goods

The government is pushing cash-rich PSUs to use their funds to buy back shares or pay a higher dividend (Reuters)
The government is pushing cash-rich PSUs to use their funds to buy back shares or pay a higher dividend (Reuters)

ONGC share buyback to open January 29, closes February 11

  • ONGC's board had, on 20 December, approved the buyback of 25.29 crore shares for 159 apiece
  • The government, which holds 65.64% stake in the company, stands to gain around 2,640 crore from the buyback programme 

In India, the Facebook-owned company had faced flak from the government after a series of mob-lynching incidents, triggered by rumours circulating on WhatsApp, claimed lives. ( Bloomberg)
In India, the Facebook-owned company had faced flak from the government after a series of mob-lynching incidents, triggered by rumours circulating on WhatsApp, claimed lives. ( Bloomberg)

After India, WhatsApp globally restricts message forwards to 5

  • The feature was first introduced in India last year to crack down on spread of rumours and fake news
  • WhatsApp also brought out advertisements to help users understand how to spot fake news

Advertisers can upload their own customer lists, which Amazon matches with its database, and then show ads to those customers, or other people Amazon’s algorithms determine are similar. (Reuters)
Advertisers can upload their own customer lists, which Amazon matches with its database, and then show ads to those customers, or other people Amazon’s algorithms determine are similar. (Reuters)

Amazon knows what you buy, and it’s building a big ad business from it

  • Ads sold by Amazon can now be considered a third major pillar of its business
  • Amazon has slowly been developing ways for brands to target their own customers and shoppers

L&T had considered standalone FY18 financial statements, however, Sebi had considered consolidated financials and this difference in interpretation led to the cancellation of buyback, Nomura research added. Photo: Reuters.
L&T had considered standalone FY18 financial statements, however, Sebi had considered consolidated financials and this difference in interpretation led to the cancellation of buyback, Nomura research added. Photo: Reuters.

Sebi interpretation does not permit smaller L&T buyback

  • Shares of L&T opened at 1,275 a share, or 3.3% lower than its Friday close
  • On Saturday, Sebi had rejected L&T's 9,000 crore share buyback proposal

Essar Steel lenders have accepted ArcelorMittal’s  ₹42,000 crore bid for the 10 million tonnes-a-year steel plant (Reuters)
Essar Steel lenders have accepted ArcelorMittal’s 42,000 crore bid for the 10 million tonnes-a-year steel plant (Reuters)

Opinion | India's bankruptcy code had teeth. Now it's got dentures

  • A bankruptcy law that can only be used against small entrepreneurs would take the country back to where it was in 2001
  • If PSBs do not wield their voting power on creditor committees, the moral core of the bankruptcy code will collapse

ISA was formed in 2018, at the initiation of India and France, to bring together cooperation on solar energy
ISA was formed in 2018, at the initiation of India and France, to bring together cooperation on solar energy

Solar alliance to set up bank for projects

  • The bank will be built along the lines of newer multilateral funding agencies like AIIB, but will involve private participation as well
  • It will have in-built financial mechanisms that will allow it to fund its own projects

Shares of Avenue Supermarts, which runs the D-Mart chain, fell over 8% after the company.
Shares of Avenue Supermarts, which runs the D-Mart chain, fell over 8% after the company.

Sensex rises nearly 200 points, led by RIL  

  • Sun Pharma, which had tumbled over 14% last week on reports of a fresh whistleblower complaint, rose 2%
  • SBI, Bajaj Auto, Power Grid, Maruti, Yes Bank and Hero MotoCorp were among the top losers in the Sensex 30 pack

The Toyota-Suzuki tie-up will help them meet strict norms.
The Toyota-Suzuki tie-up will help them meet strict norms.

Toyota, Suzuki to drive in cheaper hybrid cars

  • Firms aim to slash costs and make affordable hybrid cars available in India
  • The first hybrid car from the partnership between Toyota and Suzuki may go on sale in India in three years

Total income rose to  ₹7,214.21 crore during the December quarter from  ₹6,049.02 crore in the year-ago period, Kotak Mahindra Bank said in a statement. Photo: Reuters
Total income rose to 7,214.21 crore during the December quarter from 6,049.02 crore in the year-ago period, Kotak Mahindra Bank said in a statement. Photo: Reuters

Kotak Mahindra Bank Q3 profit rises 23% to 1,291 crore

  •  Kotak Mahindra Bank reported a 23% growth in net profit for the third quarter, on higher net interest income
  • The bank had posted a standalone net profit of 1,053 crore in the October-December quarter of the last fiscal

At the aggregate level, HDFC Bank continues to report enviable gross and net bad loan ratios. Photo: Mint
At the aggregate level, HDFC Bank continues to report enviable gross and net bad loan ratios. Photo: Mint

HDFC Bank: No surprises as bad loan metrics continue to shine

  •  The private sector lender reported a 20% year-on-year growth in net profit to 5,585.85 crore for the quarter ended 31 December.
  • Gross non-performing assets for the December quarter were 1.38% of its loan book, slightly higher than 1.29% a year earlier.

Air India delayed salaries of over 20,000 employees for most months in 2018, according to a recent PTI report (Jayachandran/Mint)
Air India delayed salaries of over 20,000 employees for most months in 2018, according to a recent PTI report (Jayachandran/Mint)

How to cope with salary delays and not hurt your money life

  • Building an emergency corpus is very important to ride out the irregular salary phase
  • Financial planners suggest you should have at least six months of expenses in your emergency corpus

A file photo of Mehul Choksi. Photo: Mint
A file photo of Mehul Choksi. Photo: Mint

Mehul Choksi gives up Indian citizenship, surrenders passport in Antigua  

  • The foreign ministry had said that Choksi could not have dual citizenship.
  •  Choksi's move is seen as an attempt by him to avoid extradition to India

If TDS is not deposited in time, employees cannot claim tax credit at the time for filing their return (iStock)
If TDS is not deposited in time, employees cannot claim tax credit at the time for filing their return (iStock)

CBDT says notices sent only where TDS was not deposited by employer

  • Only 1,400 prosecutions filed so far for various offences in 2018-19
  • A number of these pertained to cases where TDS was deducted but not deposited with the government

Uri: The Surgical Strike poster
Uri: The Surgical Strike poster

‘Uri’ is a certified blockbuster while ‘Why Cheat India’ fails to take off  

  • 'Uri' collected 37.25 crore this past weekend compared to 35.92 crore in its first three days
  • 'Uri' crossed the 50 crore mark on day five and the 75 crore mark on day eight

Jio had a revenue market share of around 31.4% in the September quarter using this measure, marginally short of Vodafone Idea’s 31.8% share, according to analysts. (Mint)
Jio had a revenue market share of around 31.4% in the September quarter using this measure, marginally short of Vodafone Idea’s 31.8% share, according to analysts. (Mint)

Has Reliance Jio become the largest telecom company in India yet?

  • Vodafone Idea is wearing the mantle of market leader uncomfortably 
  • On an apples-to-apples comparison, Reliance Jio may have already overtaken incumbents' revenues in Q3

US crude oil production still rose by more than 2 million bpd in 2018, to a record 11.9 million bpd. Photo: Reuters
US crude oil production still rose by more than 2 million bpd in 2018, to a record 11.9 million bpd. Photo: Reuters

Oil rises to 2019 highs on strong China demand despite economic slowdown

  • International Brent crude oil futures were at $62.83 per barrel
  • Both oil price benchmarks had dipped into the red earlier in the session on fears that China's 2018 economic growth figures would be weaker

There is still a significant possibility that the RBI could keep the rate on hold next month as policy makers gauge the progress on fiscal consolidation in the interim budget on 1 February, Goldman analysts. Photo: Reuters
There is still a significant possibility that the RBI could keep the rate on hold next month as policy makers gauge the progress on fiscal consolidation in the interim budget on 1 February, Goldman analysts. Photo: Reuters

RBI set to go for rate cut next month: Goldman Sachs

  • RBI likely to cut interest rates by a quarter percentage point in February, Goldman analysts
  • RBI governor Shaktikanta Das to chair his first Monetary Policy Committee meeting next month

Photo: Mint
Photo: Mint

SBI Life: performance in Q3 underscores the stock’s recovery

  • The SBI Life stock has recovered most of the losses after the IL&FS crisis, and the Q3 performance should come as an affirmation of investors’ faith
  • The insurer’s new business grew 20% on an annualized premium equivalent (APE) basis

 (Mint)
(Mint)

South and east India offer more jobs for women

  • Women in regular non-farm jobs account for less than a fifth of the regular workforce
  • In the south and in several parts of the east, the shares of women in regular non-farm jobs are significantly higher

Mrinal Bagaria (left) approached his CEO Ravi Kaklasaria (centre) with a vacation plan; Rakhee Malik (below) asked her co-workers to chip in. (Ramegowda Bopaiah/Mint)
Mrinal Bagaria (left) approached his CEO Ravi Kaklasaria (centre) with a vacation plan; Rakhee Malik (below) asked her co-workers to chip in. (Ramegowda Bopaiah/Mint)

Negotiating vacation time with your boss

  • A step-by-step guide on how to increase the number of leaves you are entitled 
  • And no, you don’t need to lie about a relative’s sickness, you just need to plan ahead

Senior citizens can claim tax break up to 50,000 per year for medical expenses

  • As medical expenditure has not been expressly defined, admission of these payments for the deduction, would be a fact specific evaluation
  • The units of tax-saving funds gifted on marriage are not treated as taxable income

Photo: Ramesh Pathania/Mint
Photo: Ramesh Pathania/Mint

Decline in India’s electronic imports can't be attributed to duty hikes alone

  • In fiscal year 2018, electronic goods accounted for 11.91% of all imports, making it the third-largest contributor to India’s overall imports after crude oil and gold
  • Although the latest product-wise data is not available, some analysts expect the fall in consumer goods to be sharper this time around

Wipro is also seeing a good deal flow. Photo: Hemant Mishra/Mint
Wipro is also seeing a good deal flow. Photo: Hemant Mishra/Mint

Wipro: healthy Q3 but constrained growth outlook

  • Wipro is seeing a good deal flow. According to the management, the order pipeline is strong.
  • Company's revenue grew 5.1% in Q2 and 2.4% in Q1 from a year ago

 (iStock)
(iStock)

Is this the right time to invest in the small-cap segment?

  • Edelweiss Small Cap Fund offers an added STeP feature that enables investors to benefit from any correction
  •  The segment has the potential to outperform large-caps, mid-caps but it also sees the deepest cuts when economic and market conditions turn unfavourable

Its worthwhile to ask if the concept of discounting is limited only to e-commerce.  (Aniruddha Chowdhury/ Mint)
Its worthwhile to ask if the concept of discounting is limited only to e-commerce. (Aniruddha Chowdhury/ Mint)

Why there is a weak case for level playing field in e-commerce

  • Capital has always been, and will always be, an entry barrier and this is fundamental to any type of business not just retail
  • The existing market forces may always resist change, but when the demand undercurrent is strong, supply will eventually find a way

 (iStock)
(iStock)

Centre to weigh exempting Meril stents from price cap

  • Meril Life has sought a price exemption for developing unique, biodegradable stents
  • NPPA meet on Monday is likely to discuss the price exemption claim. If granted, it will be valid for five years

The new margin requirement is as much as 55% higher than in the previous framework
The new margin requirement is as much as 55% higher than in the previous framework

Brokers write to Sebi, oppose higher margin framework

  • The broker association wants Sebi to define the margin framework to correlate with risk, not exposure 
  • A Sebi circular issued on 17 December effectively raises exposure-based margin in equity derivatives from 3% to 4.25%

Find out if your company invests in your learning and development. istockphoto
Find out if your company invests in your learning and development. istockphoto

Does your job offer you smart choices when it comes to reskilling?

  • If you’re a millennial looking for reasons not to quit your job, ask what kind of L&D transformations does your company offer 
  • Access to learning and development opportunities is considered an important workplace benefit by millennials

To make the right choices, you need to look at your financial goals.
To make the right choices, you need to look at your financial goals.

Avoid these mistakes, plan your investments

  • Investments should be made in a planned and systematic manner to make the most of them
  • PPF is a good tax-saving investment per se, but if someone wants liquidity, it would not be the right option for them

Millennials have been early adopters of internet and newer tech, and also have the purchasing power (Abhijit Bhatlekar/Mint)
Millennials have been early adopters of internet and newer tech, and also have the purchasing power (Abhijit Bhatlekar/Mint)

For VC funds, millennials drive investment decisions

  • India’s domestic consumption may grow into a $6-trillion opportunity by 2030, driven by young population
  • VCs have invested over $10 bn into Indian startups in each of the previous two years

Martin Sorrell wants to keep S4 Capital digital-only and build on core competences in content and programmatic advertising. (Pradeep Gaur/ Mint)
Martin Sorrell wants to keep S4 Capital digital-only and build on core competences in content and programmatic advertising. (Pradeep Gaur/ Mint)

Martin Sorrell’s S4 Capital seeks more deals in digital-only drive

  • Sorrell, who was ousted from WPP last April after three decades building it into the world’s largest advertising holding company
  • Sorrell plans to offer digital content, analytics and distribution to help clients to reach customers in a rapidly changing media environment

Kae expects to close the fundraise by the end of this fiscal, said Sasha Mirchandani, founder and MD
Kae expects to close the fundraise by the end of this fiscal, said Sasha Mirchandani, founder and MD

Kae Capital to raise 100 crore fund to back portfolio companies

  • Kae has fully deployed its first fund of $25 million raised in 2012
  • Before starting Kae Capital, Mirchandani had invested in his personal capacity in companies such as Myntra

 (iStock)
(iStock)

Term plan premiums: A ready reckoner

  • A look at premium rates for some insurance policies of a sum assured of 1 crore across three age categories for policy terms of 30, 25 and 20 years
  •  The claims settlement rate is measured by the value of the policies as a lower settlement rate is indicative of high ticket-size policies being rejected

The issue of farm distress is facing fatigue in the news cycle.
The issue of farm distress is facing fatigue in the news cycle.

Opinion | India and the growing business of outrage

Outrage had a business model, which now that polls are over, has no currency in social media

Jio will be open to sharing the infrastructure with other telecom operators. (Mint)
Jio will be open to sharing the infrastructure with other telecom operators. (Mint)

Reliance Jio may take InvIT route to monetize fibre and tower units

  • The move will help reduce Jio’s debt, make it asset-light and transfer future capex to new entities
  • Jio’s profit rose to 831 crore in the December quarter from 681 crore in the preceding three-month period

The average time taken from the first instalment to completion for a PMAY-G home is only 114 days, compared to 314 days earlier, said a study commissioned by the ministry.
The average time taken from the first instalment to completion for a PMAY-G home is only 114 days, compared to 314 days earlier, said a study commissioned by the ministry.

Govt in poll mode, strives to attain ‘Housing for All’ target

  • Rural development ministry asks states and UTs to allot land to more than 400,000 people to ensure the target can be met by the 31 March deadline
  • The ministry is also rushing to complete the construction of 3.34 million houses by 31 March, given only 6.66 million rural houses have been completed

During the announcement of the new threshold on 10 January, the GST Council, chaired by finance minister Arun Jaitley, had allowed states to opt for either of the two levels after some states objected to raising the threshold limit uniformly for all states to  ₹40 lakh barring the hill states. (Mint)
During the announcement of the new threshold on 10 January, the GST Council, chaired by finance minister Arun Jaitley, had allowed states to opt for either of the two levels after some states objected to raising the threshold limit uniformly for all states to 40 lakh barring the hill states. (Mint)

‘Changes in GST will boost SMEs but may complicate tax system’

  • States opt for different GST registration criteria for businesses
  • Delhi, J&K, Assam go for higher threshold but Kerala retains current rate
  • Divergent registration criteria could make GST more complex

YSR Congress Party supremo Y.S. Jagan Mohan Reddy.
YSR Congress Party supremo Y.S. Jagan Mohan Reddy.

TDP up in arms against Reddy for backing KCR’s front

  • TDP will try and recreate a 2014-like atmosphere in the state when AP and Telangana were created, says a party leader
  • YSR Congress chief Y.S. Jagan Mohan Reddy last week held a joint press conference with TRS working president and KCR’s son K.T. Rama Rao

 (Ramesh Pathania/Mint)
(Ramesh Pathania/Mint)

Opinion | Universal basic income scheme may not be right for India Story

UBI will be very difficult to repeal once introduced and so the government would do well to deliberate over the issue

Congress’ state unit is organizing a ‘Jan Akansha’ rally at the historic Gandhi Maidan on 3 February, which will be attended by party chief Rahul Gandhi. (HT)
Congress’ state unit is organizing a ‘Jan Akansha’ rally at the historic Gandhi Maidan on 3 February, which will be attended by party chief Rahul Gandhi. (HT)

Ahead of Lok Sabha elections, parties shift their focus to Bihar

  • NDA, Grand Alliance eye 40 Lok Sabha seats and plan to use public meetings to showcase their strength
  • Narendra Modi and Nitish Kumar will be attending meetings together for the first time along with other JD(U), BJP, LJP leaders

Vodafone and Idea have participated in five auctions that were held in 2010, 2012, 2014, 2015 and 2016 before merging their mobile business. (Mint)
Vodafone and Idea have participated in five auctions that were held in 2010, 2012, 2014, 2015 and 2016 before merging their mobile business. (Mint)

Vodafone Idea seeks 2 year extension for spectrum payment citing high debt

  • The government in March 2018 enhanced number of annual installments for spectrum payment from 10 to 16 years
  • Vodafone Idea is progressing the sale of non-core tower and fibre assets to further increase financial flexibility