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Call on Vi relief after talks with PM, cabinet, FinMin: Minister

Mint New Delhi

|

August 26, 2025

A decision on whether to provide additional relief to troubled telecom operator Vodafone Idea will be taken after discussions with Prime Minister Narendra Modi, the Union Cabinet and the finance ministry, minister of state for communications Chandra Sekhar Pemmasani told Mint on Monday.

- Jatin Grover

The minister said since the amount in question was substantial, any decision on providing relief would be collective.

"At this time, there is nothing that we have planned (on providing relief),"" the minister said, adding that the government had already converted a lot of the company's debt into equity. The government owns a 49% stake in the beleaguered telecom operator, which has said it may not survive beyond the current financial year.

On Friday, Mint reported that the department of telecommunications (DoT) had proposed "multiple relief options" for the company to the Prime Minister's Office (PMO) last month.

MEER VERHALEN VAN Mint New Delhi

Mint New Delhi

Mint New Delhi

IT's middle order takes US hit; big cos hold ground

Shares of smaller IT companies reeled on Monday despite their reassurances about the H-1B visa impact, while their large-cap peers that remain tight-lipped closed with smaller losses, signalling market belief that the latter may navigate the crisis better.

time to read

3 mins

September 23, 2025

Mint New Delhi

Mint New Delhi

Startups, VCs rush to digitize India's mutual fund sellers

Startups are rushing to build technology for India's swelling army of mutual fund distributors (MFDs), a segment that is rising alongside the nation's roaring asset management industry.

time to read

2 mins

September 23, 2025

Mint New Delhi

HOW DID NPS TURN INTO AN EQUITY BET?

Come 1 October, fund managers under the National Pension System (NPS) will be allowed to craft schemes that offer 100% equity exposure to their non-government subscribers.

time to read

3 mins

September 23, 2025

Mint New Delhi

Mint New Delhi

Biz gets GST push as govt engages public

Price cuts tempt buyers; PM, ministers take GST gains to people

time to read

5 mins

September 23, 2025

Mint New Delhi

Guard satellites

Under a global treaty, space must stay free of weapons of mass destruction, but eyes in the sky have long aided military action on the ground.

time to read

1 min

September 23, 2025

Mint New Delhi

Mint New Delhi

China's K visa vs US H-1B: What it means for India

The tightening of H-1B visa rules by the US comes when Beijing last month introduced a K visa policy allowing all foreign nationals, including those without a confirmed job, to enter China. For India, this open-door policy has created an unusual point of convergence with China amid heightened geopolitical competition. Mint explains.

time to read

2 mins

September 23, 2025

Mint New Delhi

Mint New Delhi

H-1B fee hike spells gloom for Indian IT

Bigger firms may handle costs better, other sectors affected too

time to read

3 mins

September 22, 2025

Mint New Delhi

Mint New Delhi

Govt scans prices for profiteering as tax cuts kick in

As the biggest reform in India's goods and services taxes (GST) rolls out today, the Centre will be monitoring whether companies actually pass on the tax cuts or keep the gains to themselves.

time to read

3 mins

September 22, 2025

Mint New Delhi

Mint New Delhi

ChrysCapital to whip up a $200 million dessert storm

India-focused private equity firm ChrysCapital is sweetening its portfolio with a $200-million push into the desserts space, following last month's acquisition of patisserie chain Theobroma, two people familiar with the matter said on condition of anonymity.

time to read

2 mins

September 22, 2025

Mint New Delhi

Mint New Delhi

Why has Trump's H-1B fee spooked GCCs in India?

1 How big is India's GCC segment?

time to read

2 mins

September 22, 2025

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