Ukraine Faces Hacking Attack, Government Websites Down

A number of government websites in Ukraine were down on Friday after a huge hacking attack, Ukrainian officials said. While it was not immediately clear who was behind the attacks, they come amid heightened tensions with Russia and after talks between Moscow and the West failed to yield any significant progress this week. “As a […]

Norms For Telcos’ Dues Conversion Into Equity, Likely In A Month: Government

Government will release guidelines soon for conversion of interest payment dues of telcos into equity New Delhi: Government is expected to come out with detailed guidelines for conversion of interest payment liabilities of telecom players into equity within a month, a senior official said on Thursday. Under the telecom reforms package announced last year, three […]

Tesla CEO Elon Musk Says ‘Working Through Challenges’ With India Government

Tesla is “still working through a lot of challenges with the government” in India, its billionaire chief executive Elon Musk said on Twitter on Thursday, responding to a question on when it would launch its electric cars in the country. Tesla had plans to begin selling imported cars in India last year and has been […]

Vi CEO Says Government Doesn’t Want to Run the Telco

A day after Vi (Vodafone Idea) opted to convert interest on dues to government equity, its CEO on Wednesday said the government had made its position amply clear that it does not want to run the telco, and added that existing promoters are fully committed to managing and running the company’s operations. Vodafone Idea on Tuesday […]

Vodafone Idea CEO Says Government Won’t Take Over Operations

Voda Idea had decided to convert about Rs 16,000 crore interest dues liability into equity. New Delhi: A day after Vodafone Idea Ltd opted to convert interest on dues to government equity, its CEO on Wednesday said the government had made its position amply clear that it does not want to run the telco, and […]

India’s Fuel Demand Hit 9-Month High In December 2021: Government Data

India’s fuel consumption hit a nine-month peak in December 2021 India’s fuel consumption in December 2021 scaled a nine-month peak, government data showed on Tuesday, although a fresh coronavirus wave may slow the gradual recovery of demand in the world’s third biggest oil consumer. Fuel consumption, a proxy for oil demand, totalled 18.43 million tonnes, […]

Vodafone Shares Crash 21% On News Of 36% Stake For Government

Shares of Vodafone Idea fell nearly 21 per cent on Tuesday New Delhi: Shares of Vodafone Idea Ltd. dropped after its board approved a rescue plan that gives almost 36 per cent stake to the government in lieu of past dues and makes it the largest shareholder in the unprofitable wireless phone operator.  The restructuring in […]

Government Extends Income Tax Returns Filing Deadline To March 15, 2022

Deadline for filing income tax returns has been extended to March 15, 2022 Government has extended the deadline for filing income tax returns to March 15, according to a notification issued by the department of revenue of the finance ministry. The income tax department also tweeted about the extension of return filing deadline. On consideration […]

Government Set to Become Largest Shareholder of Vodafone Idea

The Government of India is set to become the largest shareholder of Vodafone Idea with 35.8 percent stake as the company’s board has approved conversion of interest on deferred spectrum and Adjusted Gross Revenue (AGR) dues into equity, Vodafone Idea said on Tuesday. The debt-laden Vodafone Idea, a joint venture of UK-based Vodafone Group and […]

Vodafone Idea Rescue Plan Makes Government Largest Shareholder: 10 Points

Promoter shareholders Vodafone would hold around 28.5% and Aditya Birla Group around 17.8%. New Delhi: Telecom operator Vodafone Idea on Tuesday said that the government will own around 35.8 per cent of the country’s third-largest wireless phone operator after its board approved the conversion of dues into equity. Voda Idea’s board approved the conversion of […]

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