Just as India showed flickers of progress toward its long-held dream of becoming the world’s factory, Washington and Beijing announced a trade “reset” that could derail Delhi’s ambitions to replace China as the global manufacturing hub. Last week, Trump’s tariffs on China dropped overnight – from 145% to 30%, vs 27% for India – as … Read more
The liberal, pro-EU mayor of Bucharest, Nicusor Dan, has fought off a strong challenge from a Romanian right-wing nationalist to win the presidency after months of political turbulence. George Simion, the leader of the far-right AUR party, won a dramatic first-round victory earlier this month, riding a wave of anger from Romanians who had seen … Read more
The regulator says a merger between Vodafone and Three could go ahead – if both companies make price promises for consumers and commit to boosting the UK’s 5G rollout. The Competition and Markets Authority (CMA) had previously said that creating what would be the country’s biggest mobile network could drive up prices and harm competition. But it has … Read more
Telecom giants Vodafone Idea, Bharti Airtel and Tata Teleservices were dealt a major blow on Monday as the Supreme Court dismissed their writ petitions seeking exemption from interest and penalties on Adjusted Gross Revenue (AGR) dues, calling the plea “shocking” and “misconceived.” “We are really shocked by these petitions which have come before us. It … Read more
In a significant leadership transition, Vodafone Group Plc has announced that its Chief Financial Officer, Luka Mucic, will be stepping down from his position to pursue a new external opportunity. He will join Vonovia SE as Chief Executive Officer. Vonovia is a prominent, Germany-based DAX 40-listed real estate company. Mucic is expected to leave Vodafone … Read more
Shares of Vodafone Idea Ltd. fell over 12% in trade on Monday, after the Supreme Court dismissed the telecom operators’ petition on adjusted gross revenue dues waiver, calling them ‘misconceived.’ This follows the government’s plea rejection for relief earlier in the day. The court acknowledged that the companies can explore other remedies. However, it clarified … Read more
Vodafone Idea, a joint venture between UK-based Vodafone Group Plc (VOD.L), opens new tab and India’s Aditya Birla Group, filed a plea in the Supreme Court on Thursday asking the judges to direct New Delhi to act “in public interest”, given the “sensitive telecom sector”, according to the filing, which is not public.Vodafone Idea and … Read more