Vodafone Cellular Limited Details

Vodafone Cellular Limited News

• 

  Vodafone Idea asked to pay Rs 15.19 cr GST, penalty of Rs 1.51 cr

  Vodafone Idea has been ordered by the GST office in Patna to pay Rs 15.19 crore along with a penalty of Rs 1.51 crore for availing ineligible input tax credits in FY20 and FY21. The company disagrees with the order and plans to take legal action. The order was received on August 28, citing input tax credit issues for the fiscal years 2019-20 and 2020-21.

  

  Earnings Outlook: Demand bounce or cost spin? Look who’s talking

  The April-June quarterly results of Indian companies were disappointing, with BSE 500 firms showing just an 8% revenue growth and a 3% profit rise. Analysts will closely monitor future earnings. Professionals from sectors such as automobiles, consumer goods, and healthcare are cautiously optimistic, expecting better performance due to favorable conditions in the upcoming months.

  

  Indus Towers set to become Airtel subsidiary post-buyback exercise

  Bharti Airtel will soon hold a 50.005% stake in Indus Towers, thereby making the telecom tower company its subsidiary. The decision, approved by the board on August 27, entails a buyback of 56.7 million equity shares priced at Rs 10 each. Shares of Indus had closed 1% higher at Rs 437.40 on BSE on Tuesday. Airtel shares, in turn, had also close marginally (0.58%) higher at Rs 1522.50 on the exchange.

  

  Job Market Turmoil: European companies cut to the chase with layoffs

  Rising inflation and the war in Ukraine have led European companies to freeze hiring or cut jobs. Key organizations such as TSB, PKP Cargo, and Siemens Gamesa are among many announcing job cuts across various sectors, including banking, industrials, consumer goods, pharmaceuticals, and telecoms.

  

  Accenture get CCI's nod to acquire stake in Vodafone's arm

  Accenture's acquisition of a stake in Vodafone Shared Operations received clearance from the Competition Commission of India. VSOL offers shared services to Vodafone. Mitsui & Co (Asia Pacific) also gained approval for acquiring equity in MTC Business Pvt Ltd. These approvals aimed at promoting fair competition and curbing unfair business practices.