idea cellular

Voda Idea to seek shareholders’ nod to raise borrowing limit to Rs 1 lakh cr

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Voda Idea to seek shareholders’ nod to raise borrowing limit to Rs 1 lakh cr

NEW DELHI: Debt-ridden telecom operator Vodafone Idea on Monday said it will seek shareholders’ approval to raise borrowing limit to Rs 1 lakh crore, at the annual general meeting (AGM) scheduled to be held on September 30. Shareholders of the company, which was earlier listed as Idea Cellular, had approved a borrowing limit of Rs … Read more

Supreme Court orders Income Tax department to refund Rs 833 crore to Vodafone Idea

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Supreme Court orders Income Tax department to refund Rs 833 crore to Vodafone Idea

The Supreme Court on Wednesday directed the Income Tax (IT) department to refund Rs 833 crore to Vodafone Idea (VIL), giving some relief to the cash strapped telco burdened under thousands of crores of statutory dues and boosting its shares. “We do not see any reason to interfere in the matter. The special leave petition … Read more