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Vi to benefit most from spectrum surrender proposal, say analysts
Vodafone Idea (Vi) is positioned to gain significantly if the government permits the surrender of spectrum acquired in auctions before 2022, benefiting from reduced annual payments. Vi's average revenue per MHz is far behind Airtel and Jio, highlighting its inefficient spectrum utilisation. Analysts expect continual market share losses for Vi until it completes its network investments.
Voda Idea starts 5G trials in Mumbai
Vodafone Idea (Vi) has initiated trials for its 5G services in Mumbai, with plans for a commercial launch around Holi in March. Selected users can currently experience high-speed connectivity during the trial phase. The full roll-out will expand to major cities including Delhi and Bengaluru.
Reliance Jio and Airtel seek fair spectrum surrender policy
Reliance Jio and Bharti Airtel have urged the government to ensure a level-playing field in the new spectrum surrender policy. This policy, if approved, would benefit all telcos but would particularly allow Vodafone Idea to save an estimated Rs 40,000 crore.
Foreign bidders may be allowed in BSNL's 5G network upgrade
India is considering allowing foreign vendors to bid for part of BSNL's $2 billion 5G telecom contract, marking a shift from its previous stance on indigenous technology. The government aims to accelerate BSNL's 5G rollout to boost competitiveness and improve network quality.
Reliance Jio, Airtel and VI offer free subscription of JioHotstar with these prepaid plans
Reliance Jio, Bharti Airtel, and Vodafone Idea (Vi) offer prepaid plans with JioHotstar Mobile subscriptions for streaming content like the ICC Champions Trophy and Women's Premier League. These plans provide various data, voice call, and SMS benefits, along with JioHotstar access. JioHotstar combines content from JioCinema and Disney+ Hotstar and is available for free through these plans.
Telecom revenue growth may see a boost in Q4. What’s in for Jio, Airtel, Vi?
Telecom sector revenue is predicted to grow by 16-17% year-on-year in Q4FY25. This growth is expected to benefit private carriers like Reliance Jio and Bharti Airtel due to residual rate hikes and strong user gains, while Vodafone Idea may experience fewer customer losses.
John Cena posts GTA 6 teaser: Is the wrestler going to appear in the video game?
John Cena shared a post on Grand Theft Auto (GTA) 6 after his appearance at the WWE Elimination Chamber 2025. The wrestler did not share any caption alongside the post, but his fans claimed that the wrestler was poking fun at the wait for the latest installment of the GTA series.
5G base station additions plunge as Jio and Airtel slow down network-building capex
Recent data highlights a significant reduction in quarterly 5G base station additions by Reliance Jio and Bharti Airtel. The decreased rollout of 5G sites is leading to slower revenue growth for tower companies like Indus, as India's top telcos have nearly completed their 5G rollouts and 4G network expansions.
Income from asset transferred to even your daughter-in-law will be clubbed to your income and will be taxable in your hand in this case, says income tax dept
Income tax clubbing: The tax department has released a new brochure saying Section 64(1)(vi), 64(1)(viii) says Income from Assets transferred to Son’s wife;Income from assets transferred to the son’s wife, either directly or indirectly, is taxable in the hands of the transferor if adequate consideration was not taken. Read below to know what else the tax department said.
Nuvama sees Afcons Infra in a ‘league of its own’, initiates coverage with Rs 535 target price
Nuvama initiated coverage on Afcons Infrastructure with a ‘buy’ rating and Rs 535 target, citing strong financials, consistent growth, and a robust order book. The company’s diversified operations, reduced leverage, and expertise in complex projects support long-term revenue visibility.
DoT mulls fresh terms of (spectrum) surrender, a move that would allow Vodafone Idea save Rs 40,000 crore
The Department of Telecommunications is considering allowing Vodafone Idea and other telcos to surrender spectrum acquired before 2022 to reduce financial burdens. This move, aimed at ensuring a competitive telecom sector, could save Vodafone Idea around ₹40,000 crore and bolster its viability.
Airtel’s free cash flows to grow to Rs 36,100 crore by FY26, Jio’s to Rs 36,900 crore: Analysts
Bharti Airtel's India business is expected to grow its free cash flow (FCF) to Rs 36,100 crore by FY26, with Reliance Jio's FCF projected at Rs 36,900 crore. This growth is driven by anticipated tariff hikes, capex normalization, and ARPU gains. Strong FCF will likely increase dividend payouts.
Answering the call of Maha Kumbh: Event saw 20M mobile users per day
Nearly 20 million devotees participated daily in the Maha Kumbh, potentially boosting telecom companies' revenue. The Department of Telecommunications, along with service providers, monitored crowd movement and data traffic. Jio and Airtel added new sites and spectrum. The event increased data traffic by 55%, possibly raising revenue per user by 4%-6%.
Your email and social media account can be accessed by income tax officers starting financial year 2026-27 in these cases
Starting April 1, 2026, the income tax department will have the authority to access social media, emails, and other digital spaces to curb tax evasion. This has been granted to them under the new income tax bill. This will also include search and seizure powers over your assets and documents, which have raised major privacy concerns. Experts warn of challenges to fundamental privacy rights without judicial oversight and procedural safeguards.
Delhi liquor barcode project: CAG report flags Rs 24 crore undue benefit to implementing agency
A CAG report has found significant financial irregularities in the Excise Supply Chain Information Management System (ESCIMS) in Delhi, revealing undue benefits of Rs 24.23 crore to the implementing agency. Payments were made for unauthenticated liquor bottles not scanned through barcode at Point of Sale between December 2013 and November 2022.
Cash counters ringing at telcos; revenue set to surge 17% in q4
Telecom sector revenue is expected to grow 16-17% year-on-year in Q4 FY25, reaching ₹2,68,800 cr, the highest since Reliance Jio's launch. This growth is driven by the aftermath of rate hikes, strong customer additions, and substantial 2G to 4G/5G conversions.
Sovereign Gold Bond 2025: RBI announces SGB premature redemption dates from April – September 2025; Check details
SGB Redemption Date: The Reserve Bank of India (RBI) has announced the premature redemption schedule for Sovereign Gold Bonds (SGBs) between April and September 2025. Investors willing to redeem before maturity can submit requests within specified periods. These bonds provide a secure investment in gold with periodic interest.
Vi says all legal options in AGR case closed after SC junks last review
The Supreme Court has rejected Vodafone Idea and Bharti Airtel's review petitions to correct errors in AGR dues calculations. This ruling closes all AGR-related matters at the court, leaving the telcos without further legal recourse and significant financial liabilities looming in upcoming years.
Motilal Oswal downgrades Vodafone Idea to ‘sell’, 40% downside potential in sight
Motilal Oswal downgraded Vodafone Idea to ‘sell,’ citing market share loss, financial instability, and government dependence. The firm expects a 40% downside, setting a target price of Rs 5. Vi’s capex plans hinge on debt raise, but a cash shortfall looms. CEO Akshaya Moondra remains optimistic about government support.
Govt will 'find a solution' to support Vodafone Idea, CEO Akshaya Moondra expresses confidence
Vodafone Idea’s CEO is confident the government will find a solution to assist the company, as regulatory payments surge from FY26. The telco is focused on expanding 4G and rolling out 5G, needing clarity on AGR dues for crucial debt funding, while positive signs emerge from recent subscriber net additions.
Vodafone Idea to launch 5G in Mumbai by March, followed by Delhi, Bangalore, Chandigarh & Patna in April
Vodafone Idea is set to launch its 5G services in Mumbai by March 2025, followed by Delhi, Bangalore, Chandigarh, and Patna in April. The telco plans to offer 5G plans up to 15% cheaper than rivals Reliance Jio and Bharti Airtel, potentially sparking a price war.
Vodafone Idea Q3 net loss narrows to Rs 6,609 crore on tariff hikes, ARPU
Vodafone Idea's net loss narrowed to Rs 6,609 crore in Q3, driven by tariff hikes that boosted ARPU. However, the telco continues to face challenges with subscriber losses, now below 200 million. Investments and phased 5G rollout plans are set to accelerate in the coming quarters.
BSNL Q3 Results: Telco swings to black with Rs 262 crore profit, aided by network expansion & cost control
BSNL Q3 Results: The public sector telco reported a net loss of Rs 1,569.22 crore in Q3FY24. Its mobility services revenue grew 15% YoY, while fiber-to-the-home (FTTH) and leased line services saw YoY increases of 18% and 14%, respectively.
Microsoft, Google, Airtel & other tech titans form coalition to curb cyber frauds
Leading telecom and tech giants such as Bharti Airtel, Vodafone Idea, Microsoft, Google, and Meta have formed the Safer Internet India (SII) coalition to tackle cyber fraud and online scams. With India becoming the second-most cyber-attacked nation and 600 million new internet users at risk, SII aims to promote responsible digital adoption and counter emerging online threats.
Airtel closes in on Jio in wireless revenue share
Bharti Airtel has reduced the wireless revenue market share gap with Reliance Jio by nearly 300 basis points over the past two quarters. Strong ARPU growth and mobile broadband user gains have driven Airtel's performance, while Jio's results were impacted by delayed tariff benefit realization.
Q3 results this week: HAL, Vi, RVNL, Nykaa, Varun Beverages among 108 companies to announce earnings
Q3 results this week: This week, 108 companies will announce their Q3 FY25 earnings, including major names like Eicher Motors, Nykaa, Hindalco, and IRCTC. Key earnings dates range from February 10 to February 14, with prominent companies in various sectors such as pharmaceuticals, telecom, FMCG, and auto industries. Investors will closely monitor these results for potential market movements.
Income Tax Dept releases FAQs on new Income Tax Bill, 2025: Check details
Income Tax Bill 2025: There has been a significant reduction in the text of new Income Tax Bill 2025, in comparison to the existing Income Tax Act, 1961. During the course of numerous amendments to the Income tax Act, 1961, several policy decisions were incorporated as separate provisions. Read below to know more about the Income Tax Bill 2025.
Compressed biogas offers a sustainable solution to Delhi's pollution crisis: Report
Delhi's pollution crisis demands a shift in agricultural waste management with compressed biogas (CBG) as a potential solution. A single CBG plant producing 10 tons per day can significantly reduce particulate matter emissions, equivalent to replacing numerous petrol cars with electric vehicles. Comprehensive efforts from the government, private sector, and farmers are necessary for effective adoption.
12 lakh ITR filers for FY2023-24 have not got tax refund despite income tax dept releasing it: Check how to fix issue
ITR filing: No tax refunds was paid to 12 lakh Income Tax Return (ITR) filers for AY 2024-25 despite 3.94 crore verified ITRs claiming tax refunds. Minister Pankaj Chaudhary said that the main reasons for pendency of tax refunds in these 12 lakh ITRs is because reply is awaited from taxpayers in respect of notices issued for defective ITRs and others. Read below to know how to fix defective ITRs.
We are navigating supply chain disruptions through automation and AI: CJ Darcl’s Nikhil Agarwal
Geopolitical pressures and supply chain dynamics are changing, but the company believes technological innovation will allow it to maintain its growth.
The rise of retail investors: Democratizing India's financial markets
Retail Investors: Sebi requires companies to disclose essential information for informed investor decisions. Financial institutions enhance confidence through transparency, sharing details on fees, risks, and performance. Clear communication about investment risks helps investors align choices with their risk tolerance, ensuring better decision-making.
NPS charges revised by PFRDA: Know the latest charges applicable for NPS, NPS-Lite, NPS Vatsalya
The Pension Fund Regulatory and Development Authority (PFRDA) has announced the latest charges for opening National Pension Account (NPS) online and offline. Note that the charges for services under the NPS-Vatsalya account align with those of the NPS-All Citizen model. The service charge will be effective from January 31, 2025.
Govt expects 33% on-yr fall in revenue from telecom sector in FY26
The government anticipates telecom sector revenue to fall 33% to Rs 82,442.84 crore in FY26, following an unexpectedly high Rs 1,23,357.20 crore in FY25. FY25 earnings were boosted by spectrum allocations, advance payments by Airtel, and revenues from the second 5G spectrum sale.
Delhi poll drama: Sheesh Mahal digs, 'passed by cheating' claims and explosive remarks that made headlines
As Delhi's assembly election campaigning ends, AAP fights for survival against BJP's determined reclamation efforts and Congress's bid to revive its influence. Heated exchanges marked the campaigns, with accusations of corruption and misgovernance dominating the narrative.
Budget 2025 stocks to buy: Over 100 scrips across 12 themes could benefit from FY26 financial plan. Here's how
Budget 2025 stocks to buy: Top brokerages suggest investment themes for Budget 2025, highlighting sectors like infrastructure, defense, and railways poised for significant growth. Analysts expect increased capex allocation and fiscal deficit targets, alongside potential boosts for financials, health, consumption, automobiles, real estate, and power sectors.
Airtel, Jio unveil revised mobile plans – See updated prices here
Telecom giants Jio and Airtel have revised their voice and SMS-only recharge plans to make them more affordable, following customer feedback and the TRAI’s review. Jio introduced new plans with reduced pricing and shorter validity, while Airtel made similar price cuts. Both companies aim to meet the growing demand for cost-effective mobile services, especially for those who do not require data.
Telcos lose more active users in Nov, but boost data base
Leading telecom operators Reliance Jio, Bharti Airtel, and Vodafone Idea continued to lose active subscribers in November due to tariff hikes and churn among low-paying users. However, data user base increased, especially for Jio, indicating greater acceptance of higher tariffs. Analysts highlight Vi's continued subscriber losses as a significant concern but expect some improvement from 4Q25 onwards.
Auschwitz liberation anniversary: Monarchs, presidents, 50 survivors among attendees
Holocaust Remembrance Day, observed annually on January 27, honours the day in 1945 when the Auschwitz concentration camp in Poland was liberated by the advancing forces of the former USSR towards the end of World War II.
'Planned AGR relief will help Vi raise debt but cash flows to stay negative': Analysts
The government's proposal to waive some adjusted gross revenue (AGR) dues is seen as beneficial for Vodafone Idea, helping reduce its liabilities and potentially aiding in debt funding. However, the company’s high net debt from spectrum payments remains a concern despite potential cash flow relief.
Used donation to a political party for income tax deduction? IT dept is sending warning SMS; if it was a mistake file ITR-U by March 31, 2025
Warning for political party donations: The Income Tax Dept is sending SMS to taxpayers who donated to political parties and had claimed section 80GGC deduction. Although you have nothing to worry if you genuinely claimed this deduction. But if you have not claimed this deduction genuinely then file ITR-U on or before March 31, 2025 to avoid 200% penalty. CAs we spoke said some of their clients faced this 200% penalty because of this reason.
Maha Kumbh: No call drops, seamless internet at mega festival with record teledensity
Telecom service providers are working to ensure seamless connectivity for the 40 crore attendees at the Maha Kumbh Mela in Prayagraj. Measures include additional optical fibre, new towers, and disaster management centres. Enhanced mobile networks and digital payment facilities aim to improve communication and safety for visitors.
Two-wheelers not luxury, tax cut needed to spur demand: HMSI
Honda Motorcycle and Scooter India seeks a reduction in GST on two-wheelers, calling them a necessity for many, rather than a luxury. They also highlight the need for income tax rationalization to boost spending. Rising costs due to regulatory changes and limited rural demand have impacted affordability and market growth.
Voda Idea shares surge 10% on AGR relief news
Vodafone Idea share price surged 10% amid reports of a government proposal to waive 50% of interest and 100% of penalties on AGR dues. This could offer significant relief to the financially distressed telco, with Vi expected to benefit the most. Analysts suggest the move may prevent a market duopoly and strengthen competition in India’s telecom sector.
Indus Towers Q3 Results: Profit shoots up 160% to Rs 4,003 crore on tower additions, Vi payments
Indus Towers reported a 160% on-year jump in net profits at Rs 4,003 crore in the fiscal third quarter, on the back of strong tower additions, and significant collections of overdues from Vodafone Idea, which is one of its major customers.
Tata Tele, MTNL shares zoom 12% as government weighs AGR dues waiver
Shares of Tata Teleservices and MTNL surged up to 12% amid reports that the government may announce partial AGR dues relief in the February 1 Budget. The proposal could waive 50% of interest and 100% of penalties, offering financial relief of over Rs 1 lakh crore to telecom companies.
Vodafone Idea shares rally 10% as govt plans AGR dues waiver
Vodafone Idea shares surged by up to 10% on Monday, reaching Rs 10.03 on the BSE, as the government considers a proposal to waive 50% of the interest and 100% of the penalties and interest on penalties.
Donald Trump swears in without Bible during inauguration – does the Constitution require it?
Donald Trump was sworn in as the 47th President of the United States. Notably, Trump did not place his hand on a Bible, a customary practice in presidential inaugurations. Instead, his left hand remained by his side while First Lady Melania Trump held two Bibles beside him.
Mark Zuckerberg caught staring at Lauren Sanchez at Donald Trump's inauguration, video and image go viral on social media
Meta CEO Mark Zuckerberg was caught on cameras staring vividly at Jeff Bezos' fiance Lauren Sanchez' body parts during Donald Trump's inauguration ceremony. This instance has become a trending talk of social media, with many criticizing the Facebook founder
In big relief for telcos, govt weighs Rs 1 lakh cr AGR dues waiver
The government is considering waiving 50% interest and 100% penalties on AGR dues for telcos like Vodafone Idea and Bharti Airtel. This potential relief, offering over ₹1 lakh crore in financial aid, aims to maintain competition in the telecom sector, impacted by the 2019 Supreme Court ruling.
Airtel to outshine rivals in December quarter
The residual passthrough of tariff hikes taken in July 2024 and higher mobile broadband user additions are expected to aid Airtel’s Q3. To be sure, the impact of last year’s price hikes is likely to boost APPU of all three private carriers, with Airtel set to be the top gainer.
GTA 6 release date to be delayed till 2026? Here are latest developments
Grand Theft Auto VI or GTA 6 release date still remains an unanswered puzzle for gamers.
Suzuki Motorcycle launches electric scooter e-Access and Flex Fuel GIXXER SF 250. Check price, features, other details
Suzuki Motorcycle India Pvt Ltd launched its first electric scooter, e-Access, at Bharat Mobility Expo 2025. The company also introduced two other models, including the GIXXER SF 250 Flex Fuel. Suzuki emphasized its commitment to electric mobility and carbon neutrality. The new introductions aim to expand Suzuki's presence in the Indian two-wheeler market.
Vodafone Idea settles Rs 1,910 crore dues to Indus Towers with fresh equity injection
Vodafone Idea has cleared Rs 1,910 crore of its old dues to Indus Towers with cash from new equity issued to Vodafone Group. This increased Vodafone Group's stake in Vodafone Idea to 24.39%. The funds raised were also used to repay outstanding borrowings. Vodafone's obligations to Indus under Security Arrangements are now fully satisfied.
O2 Power bags 800-MWh battery storage project in Rajasthan
O2 Power secures an 800-MWh battery energy storage project in Rajasthan, through a competitive bidding by Solar Energy Corporation of India Ltd. The project includes a mix of solar and battery systems to supply power during non-solar peak hours, and is expected to be commissioned within 24 months.
Delhi pollution: GRAP IV restrictions invoked; Here is what is banned and what is allowed
The CAQM in Delhi-NCR has implemented stringent Stage-III and Stage-IV measures under GRAP due to the rising AQI. These measures include restricting non-essential truck traffic, closing schools, encouraging work-from-home policies, and banning certain construction activities. Citizens are advised to stay indoors, follow safety guidelines, and reduce personal emissions to help mitigate the crisis.
Vodafone Idea readying rollout of 5G from March
"Partnering with global leaders such as Ericsson, Nokia and Samsung, we are driving a transformative three-year investment plan. By March 2025, thousands of new sites will enhance your connectivity, elevating your network experience to extraordinary heights," Akshaya Moondra, chief executive at Vi, informed subscribers in a letter. ET has reviewed a copy of the letter.
GTA 6 release date, platforms, system requirements, trailer 2: Has Grand Theft Auto VI been cancelled by Rockstar Games?
GTA 6 release date on multiplatform, system requirements, trailer 2 details have become a trending subject as gamers' wait for Rockstar Games' Grand Theft Auto VI grows.
Airtel adds revenue market share, closes gap with Jio
Bharti Airtel is narrowing the revenue market share gap with Reliance Jio in Indian telecom, driven by strong mobile broadband user additions. In 2024, Airtel's share rose to 38.6%, while Jio's increased to 41.6%. Analysts expect Jio to gain some share in 2025 with lower tariffs and a 5G ramp-up.
Vi rolls out annual plans with unlimited data usage from midnight till noon everyday
Vodafone Idea launched annual prepaid plans priced at Rs 3,599, Rs 3,699, and Rs 3,799. These offers include unlimited data from midnight to noon, in addition to the daily 2GB data limit. The Rs 3,699 plan includes Disney+ Hotstar, while the Rs 3,799 plan offers Amazon Prime Lite. These plans are available in several states.
Airtel may race past Reliance Jio & Voda Idea in Q3 revenue growth
Bharti Airtel is expected to achieve stronger sequential revenue growth compared to Reliance Jio and Vodafone Idea in the fiscal third quarter, driven by residual effects of tariff hikes and increased mobile broadband users. All three telcos will likely see ARPU growth, benefiting from previous rate hikes.
Motilal Oswal Alternates raises over Rs 1,750 cr for sixth fund
Motilal Oswal Alternates has raised over Rs 1,750 crore for its sixth real estate fund to invest in top eight cities of India. The fund has committed Rs 1,000 crore in projects in cities such as Mumbai, Pune, and Kolkata. They aim to complete fundraising in the next two months.
Vodafone exits Indus Towers, sells shares worth Rs 2,800 cr; clears Rs 890 cr dues
British telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing.
Vodafone Idea likely to sound war bugle with 5G march
Vodafone Idea (Vi) aims to launch 5G mobile broadband service in March 2025 with competitively priced plans. Vi will initially roll out 5G in India's top 75 cities, focusing on industrial hubs and high data usage zones. The company plans to enhance 4G coverage and invest in dealer commissions to attract customers from Reliance Jio and Bharti Airtel.
Mission fusion: 3 Indian startups working on clean and unlimited energy through nuclear fusion
Indian startups Pranos, Anubal Fusion, and Hylenr are advancing efforts in nuclear fusion by exploring different technological methods. These companies aim to overcome engineering challenges, supported by increased computational power and investor interest, with a goal to achieve sustainable and cleaner energy solutions within the next decade.
Force Motors bags order to supply 2,429 ambulances to UP govt
Force Motors Ltd has secured an order to supply 2,429 BS-VI diesel ambulances to the Medical Health and Family Welfare Department of Uttar Pradesh. The delivery is scheduled between December 2024 and March 2025. Following the announcement, Force Motors' shares surged over 8.69%, closing at Rs 7,208 per share on the Bombay Stock Exchange.
Airtel, Vodafone Idea exit Wi-Fi JV Firefly Networks
Bharti Airtel and Vodafone Idea have agreed to sell their stakes in Firefly Networks to iBus Network and Infrastructure for Rs 4.5 crore each. This transaction ends the joint-venture started in 2014 and is expected to be finalised within 30 days.
Bank guarantee waiver will ensure 4G/5G network growth: Vi
The government's decision to waive bank guarantees needed for past spectrum auctions supports the telecom industry, enabling better utilization of banking resources for expanding 4G and 5G networks. This relief, mainly benefiting Vodafone Idea, amounts to Rs 24,800 crore and is expected to facilitate much-needed funding for the company's infrastructure improvements.
Bank guarantee waiver to aid Vodafone Idea's debt raise efforts: Citi
Vodafone Idea shares rose over 7% after the government waived the need for bank guarantees. This move will help the telco raise further funds and also benefit its vendor Indus Towers. The waiver, which applies to past spectrum auctions, is critical for Voda Idea as it seeks to improve 4G coverage and roll out 5G services.
Govt waives bank guarantees for past spectrum auctions; letters sent to Vodafone-Idea, Reliance Jio and Bharti Airtel
Vodafone-Idea, which is yet to roll out 5G services, now no longer needs to submit these bank guarantees, and the Centre’s decision now opens the space for lenders to extend much-needed credit to the struggling telco. It urgently needs funding to ramp up 4G coverage and roll out 5G soon to catch up with bigger rivals Jio and airtel. The loss-making telco had previously said lenders were not willing to furnish the additional guarantees, given its financial stress.
From international calls to messages, telcos see minefield in govt’s draft data rules
Top telecom companies and legal experts expressed concern over new draft data protection rules, highlighting potential problems with international calls and data localization. They warn these rules could increase operational challenges and compliance costs, as well as raise security risks and privacy concerns.
Telecom industry posts 6.75 per cent AGR Growth in Q2 FY25 driven by tariff hikes, data surge
The telecom industry experienced 6.75% growth in AGR, reaching Rs 75,310 crore for the July-September 2025 quarter due to tariff hikes and higher data usage. Monthly ARPU from wireless services rose 9.60% to Rs 172.57. The internet user base slightly increased to 971.50 million. License fees collected by the DoT also climbed to Rs 6,023 crore.
PayPal accused of racial bias against Asian Americans in funding program
Nisha Desai sued PayPal for racial bias, alleging the company restricted part of a $535 million investment program to only Black and Hispanic applicants, costing her millions. The federal appeals court's previous ruling led Desai to file the suit. She seeks to prevent PayPal from considering race and ethnicity in its investment decisions.
ICAI bats for concessional tax regime for partnership firms
The Institute of Chartered Accountants of India has proposed a special tax regime for partnership firms in light of the 2024 Budget review of the Income-tax Act. They also recommend simplifying tax laws, reducing litigation, and various other tax reforms. They aim to foster economic growth, environmental sustainability, and tax simplification.
DoT seeks clarity from Trai on encashing telcos’ BGs to recover spam penalties
The communications ministry is seeking clarity from Trai on which licence clauses can be invoked to encash telcos' bank guarantees for recovering fines related to spam. The ministry's future action depends on Trai's response, highlighting a regulatory gap with no specific clause addressing unsolicited commercial communications.
Jio adds more active users than Airtel in Oct, but the Sunil Mittal-led telco leads on 4G/5G user gains: Trai
In October 2024, Reliance Jio gained more active users than Airtel, but Airtel led in attracting high-paying 4G/5G users. Vodafone Idea continued to struggle, losing both active and 4G users. Jio's overall subscriber base shrunk as inactive users were removed, while Airtel's grew. Jio also extended its lead in the landline market.
Telcos to soon get bank guarantee waiver letters
The Department of Telecommunications (DoT) is set to issue bank guarantee (BG) waiver letters to telecom operators, offering significant relief to Vodafone Idea (Vi). This move, awaiting final approval from the communications minister, will waive over ₹24,700 crore in BGs for Vi, enabling the telco to secure loans for network expansion and 5G rollout, boosting competition against rivals.
Elder Scrolls 6: New Release Prediction Sparks Disappointment Among Fans
The Elder Scrolls 6 fans are feeling disheartened after a new release date prediction for the highly anticipated game.
Voda Idea shares zoom 7% after DoT relief on bank guarantees
Vodafone Idea shares: Vodafone Idea shares increased by 7% after the Department of Telecommunications waived the need for bank guarantees of Rs 33,000 crore for past spectrum auctions. The relief primarily benefits Vodafone Idea, which needs funding to improve its 4G coverage and launch 5G services. Bharti Airtel shares also rose slightly, while Jio Financial Services remained stable.
INS Tushil Commanding Officer meets Moroccan military leadership to discuss bilateral cooperation
INS Tushil's visit to Casablanca marked a significant step in strengthening India-Morocco maritime and diplomatic ties. Captain Peter Varghese and Moroccan military leaders discussed enhancing operational cooperation. The visit included cross-deck activities and mutual navy exercises, fostering warm bilateral relations and maritime diplomacy.
Vodafone UK’s Rs 2,000 cr capital infusion to help Vi settle Indus dues faster: Analysts
Vodafone Group's infusion of capital into Vodafone Idea (Vi) from the sale of its Indus Towers stake will help the Indian telecom joint venture clear its dues to Indus Towers more quickly, potentially within 1-2 quarters. Vi has been repaying its dues regularly, and the infusion could accelerate this process.
GTA 6 release date: When can gamers play Grand Theft Auto VI?
GTA 6 release date is currently top trending topic as gamers are eager to play Grand Theft Auto VI.
Delhi High Court quashes Rs 176 crore VAT demand on Pawan Hans
The Delhi High Court overturned a Rs 176 crore VAT demand against Pawan Hans, a helicopter charter company. The court ruled that the agreements with various governments and entities for helicopter use did not constitute a "transfer of right to use" under tax laws, as Pawan Hans retained possession, control, and maintenance responsibilities.
Vi follows Jio, Airtel to raise tariffs; new plans effective July 4
Vodafone Idea has launched new plans for prepaid and postpaid customers starting July 4, 2024, following Jio and Airtel's footsteps. The changes are minimal, aligning higher prices with increased usage, and Vi aims to provide simple, comprehensive plans.
Vi board meet on Dec 9 to consider upto Rs 2000 cr capital raise by share issue to co-promoter Vodafone
The late night exchange filing came even as UK’s Vodafone announced plans earlier today plans to invest a portion of its residual 3% Indus Towers stake sale proceeds in Vodafone Idea (Vi) against fresh shares to help its Indian telecom joint venture with the Aditya Birla Group clear a portion of its old dues to Indus.
Vodafone Idea to raise Rs 1,980 crore from parent Vodafone PLC via preferential issue
Vodafone Idea (Vi) is raising Rs 1980 crore from its promoter Vodafone Group Plc by issuing fresh equity on a preferential basis, after the UK parent sold its residual stake in Indian telecom tower unit Indus Towers last week.
EaseMyTrip and Vi sign a strategic partnership to extend exclusive propositions around travel & international roaming
EaseMyTrip.com said on Wednesday it has partnered with Vi to help Vi customers avail exclusive deals on flights, hotels, trains, buses, and cab bookings on the Vi App. "With this partnership, we aim to bring more convenience and best offers for Vi users. As an introductory offer, there will be zero convenience fees on all flight bookings," the company said in a statement.
Vi Inks three-year deal network gear pact with Tejas
Tejas Networks secured a three-year contract with Vodafone Idea (Vi) to provide backhaul equipment for Vi's 4G and 5G networks. This marks Tejas Networks' first deal with a private telecom carrier in India. Vi aims to enhance its network capacity and performance using Tejas's equipment as it expands its 4G and 5G rollout.
Indian refineries on track to meet BS-VI fuel supply deadline
Indian refineries are on track to meet the strict timeline for supplying superior quality and less polluting petrol and diesel confirming to Euro-VI norms.
Vodafone Idea launches AdTech platform Vi Ads
Riding on Vi’s deep data science technology, Vi Ads will enable marketers to engage with the operator’s over 243 million subscribers through multiple channels like Vi owned digital media- Vi App, Vi Movies & TV App, and traditional channels like SMS, IVR calls.
Banks seek more collateral for Vi LCs, putting its upgrade plans in jeopardy
Vodafone Idea's network upgrade plans face potential delays as banks demand additional collateral for issuing letters of credit to equipment suppliers. Despite claims of sufficient funds for the fiscal year, banks remain cautious due to Vi's substantial debt, including AGR dues. This situation could hinder Vi's ability to compete effectively with rivals like Jio and Airtel.
Mathura refinery revamps units ahead of BS-VI fuel rollout
Mathura refinery has maximum production potential of 50 thousand metric ton per month (TMTPM) of BS-VI MS (petrol) and 140 TMTPM of BS-VI HSD.
Vi boosts 4G experience in Uttarakhand & UP West
In addition, Vi Customers in commercial/residential areas of across the region have enhanced voice and data experience even indoors in high population pockets of these cities.
Vi launches 2 unlimited data packs to stem user churn
Targeted towards users such as college/hostel students and early jobbers who may not have access to broadband services but require high speed data can also be used to play Vi Games, watch movies and videos on Vi Movies & TV or listen to music on Vi Music on the Vi app. This is the latest in Vi’s attempts to increase consumer stickiness in the wake of sustained churn, and improve average revenue per user (ARPU).
IOC's Mathura refinery despatches BS VI fuel for testing
While Honda was supplied five barrels of BS VI standard HSD fuel, Mahindra & Mahindra Chennai received the same full one tanker (20 KL).
Bank guarantee waiver removes key impediment to Vi’s pending debt-raise: Axis Capital
Vodafone Idea (Vi) is set for a major boost after the Indian government waived bank guarantees for spectrum purchases. This move is expected to pave the way for Vi's crucial Rs 25,000 crore debt fundraising, vital for network expansion and 5G rollout.
Vodafone to sell its 3% stake in Indus Towers for over $300 million
Vodafone Group is selling its remaining 3% stake in Indus Towers for over $300 million. The proceeds will be used to repay debt and inject fresh equity into its struggling Indian telecom joint venture, Vodafone Idea (Vi), to help clear dues owed to Indus Towers. Airtel is a potential buyer of the stake.
BS-VI grade fuel supplies cover NCR
Supplies of BS-VI grade petrol and diesel was extended to neighbouring districts in Rajasthan and Uttar Pradesh in April this year and now it has been extended to Haryana.
Vi enters into strategic partnership with Firework to offer vertical video stories to users
Vi claims that this is the first time any Indian telecom operator has taken the lead to introduce the stories format to its users, which has already become a global trend.
Govt decision to convert Vi's interest on dues to equity to keep telco away from NCLT: Analysts
However, the loss-making Vi is likely to face an annual shortfall of about Rs 24,700 crore ($3 billion) in free cash flows (FCF) from 2026-27, once spectrum payments resume, said analysts. This is since the dues conversion into equity amounts to about Rs 16,100 crore debt reduction for Vi, which is barely 7% of the telco’s whopping Rs 2.2 lakh crore net debt and won’t result in any immediate savings in FCF, said Goldman Sachs.
Refineries in 3 states to supply Euro-VI fuel to Delhi from April
India had in 2015 decided to leapfrog to Euro-VI emission norm compliant petrol and diesel from April 2020, from the Euro-IV grade at present.
