"VIL remains in need of additional liquidity support from its lenders and intends to raise additional funding. There are significant uncertainties in relation to VIL's ability to make payments in relation to any remaining liabilities covered by the mechanism and no further cash payments are considered probable from the Group as at March 31, 2023,"Vodafone said in its FY23 results. While Vodafone owns a nearly 32% stake in VIL, Aditya Birla group owns 18%.
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Vi FPO: Foreign players invest big; about â¹5,400 crore raised
GQG, Fidelity buy almost 40% of the anchor investor portion
Apple-CleanMax to power solar projects
APPLE HAS FORMED a joint venture with renewable energy provider CleanMax to invest in six rooftop solar projects with a total capacity of 14.4 megawatts (MW).
Infosys may post weak Q4 numbers
INFOSYS, THE COUNTRY'S second-largest IT services firm, is expected to report another weak set of quarterly numbers in the January-March quarter due to continued sluggishness in discretionary spending in the US.
IMF calls for fiscal restraint in year with most elections ever
THE INTERNATIONAL MONETARY Fund on Wednesday urged countries to rein in fiscal spending and rebuild their buffers but said that could prove difficult in the world's biggest-ever election year.
Above-normal rains forecast to boost agri loan demand
EXPECTATION OF AN above-normal monsoon this year is not just a piece of good news for farmers, it has also boosted the sentiment in the banking sector.
States may get 15% more soft loans for capex
THE CENTRE IS likely to top up the 50-year interest-free capex loans to states by 15% to â¹1.5 trillion in 2024-25 from â¹1.3 trillion provided in the interim Budget. This is because of the increased demand from states for the liberal loan facility aimed at boosting economic activity across the country.
After a lull, more men top UPSC exam than women
THE UNION PUBLIC Service Commission (UPSC) on April 16 declared the results for the Civil Services Exam 2023, with Aditya Srivastava securing the top rank.
IPL: Surge price, dynamic rates and a â¹52,938 ticket
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NewsClick case: Delhi Police submit sanction orders to prosecute founder under UAPA
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India's reliance on oil imports hits fresh full-year high in FY24
INDIA'S RELIANCE ON imported crude to meet its domestic demand hit a fresh all-time high for the full financial year 2023-24 (FY24) due to growing demand for fuel and other petroleum products amid flagging domestic oil production.
