Edward Johnson 
Vodafone Idea (Vi) CEO Akshaya said the telco is looking at further conversions of government dues into equity as well as internal accruals to address payout obligations toward spectrum and adjusted gross revenue (AGR). The moratorium on these payments ends in September 2025. The statement came during Vi’s FY24 fourth-quarter earnings call Friday. Moondra was … Read more
Stocks of Indian firms that earn a large chunk of their revenues from the nation’s hinterland are showing signs of a revival, as traders bet that bountiful monsoon rains will lead to better crop yields and boost rural demand. Motorcycle manufacturers, farm-equipment makers and producers of fast-moving consumer goods have rallied following forecasts of timely … Read more
The recent Global Sovereign Debt Roundtable (GSDR) held in Washington DC addressed the pressing issue of mounting debt burdens faced by low- and middle-income countries (LMICs). Despite the progress in tackling global debt vulnerabilities, as acknowledged by the IMF and World Bank in the newly released GSDR report, and the glimmer of hope offered by … Read more
The Dow Jones industrial average closed above the 40,000 mark for the first time on Friday, with other major indexes also scoring weekly gains, as data supported expectations for interest rate cuts by the Federal Reserve this year. The benchmark S&P 500 edged higher after paring losses while the Nasdaq fell, but both chalked up … Read more
Ofgem could allow energy suppliers to once more vie for new business by offering cheaper deals to people switching than to existing customers, under proposals to reignite competition in the market. The energy regulator for Great Britain is considering reversing its ban on so-called “acquisition tariffs” which are offered exclusively to new applicants at a … Read more
Mumbai: The Securities and Exchange Board of India (Sebi) on Friday proposed to allow domestic mutual funds to invest in overseas mutual funds that invest certain portion of their assets in Indian securities. Currently, there is ambiguity regarding rules on investments in such overseas funds. This deters mutual funds from investing in those overseas mutual … Read more
Jeremy Hunt has said further tax cuts are on the way in the autumn after the economy has “turned a corner”, as he criticised Keir Starmer for promising “motherhood and apple pie”. The chancellor attempted to draw the battle lines for the next election by painting the Conservatives as tax-cutters and Labour as intending to … Read more
Strange to think the northern lights have been glimpsed in public more frequently over the past few years than the former Post Office CEO Paula Vennells. I didn’t see the northern lights last week, but I will see Vennells close up next week, when – at very, very long last – she presents herself before … Read more
The chancellor, Jeremy Hunt, has said the UK will look at the national security implications of a bid for Royal Mail by the Czech billionaire Daniel Křetínský, but indicated ministers were not opposed to the takeover in principle. Royal Mail’s owner, the London-listed International Distributions Services (IDS), on Wednesday backed a £3.5bn bid by Křetínský’s … Read more
The sixth-wettest April on record has not been kind to Britain’s gardens or its 1,600 garden centres. So far this year, with most of the key selling season over, garden centre sales are up just 2% on last year and down 11% on 2022, after the sodden spring depressed sales of shrubs, trees, bedding plants … Read more
