KUMAR MANGALAM BIRLA
Even bailout attempt won’t help Vodafone Idea compete with peers: Analysts
Analysts see the sector rapidly evolving into a private duopoly of...
View: A $21 billion telecom war comes down to just $2
New Delhi wants nearly $21 billion in back license fees and spectrum usage charges, inc...
Two-player telecom market would be too risky in India: Trai officials
A two-private player duopoly in the telecom market would be too risky i...
Kumar Mangalam Birla says 'slowbalization' will define decade
Tensions between nationalism and globalization will probably be the most defini...
kumar mangalam birla
London Business School
Institute of Chartered Accountants of India
Emerging pattern of trade is more regional: Kumar Mangalam Birla
Aditya Birla Group chairman Kumar Mangalam Birla has written to employees on his reflections on 2019 and lessons for 2020.
Govt should provide strong stimulus package for economy: Kumar Mangalam Birla
"One of the things that it (govt) can also do is to give stronger fiscal stimulus,"Kumar Mangalam Birla said.
Aryaman Birla takes break from cricket to focus on mental health, says was coping with severe anxiety related to the sport
Birla said he is taking an undefined sabbatical from cricket.
Unsure of future, telco staff seek opportunity elsewhere
The development comes after Airtel and Voda Idea posted unprecedented losses and stare at huge statutory dues.
Kumar Mangalam Birla, Vodafone Idea executives meet Cabinet Secretary
A committee headed by the Cabinet Secretary Rajiv Gauba is looking into the health of the telecom industry. Vodafone Idea, which is making quarterly losses of roughly Rs 5,000 crore with debt of over Rs 99,000 crore, is believed to have also written again to the government, underlining the criticality of early relief measures.
Global risk abetting; domestic, not so much: Sandip Sabharwal
The week started with a lot of events lined up. As the week ends, most of the events are playing out favourably. We are safe in a way that global risk seems to be receding a bit. But domestically, the economy is not going anywhere great because even today, not a single penny of NBFC refinance scheme has been disbursed.
Stay away from YES Bank till fund raising takes place: Gurmeet Chadha
There is news that YES Bank may deny Erwin Singh Braich’s offer. My sense is while the board recommended it, it is probably having a rethink on how it is going to work out with RBI. My advice to investors is to stay away from YES Bank till the fundraise actually happens. The frequent flip-flop is fast becoming a joke.
Aditya Birla Group won’t face fund or bid curbs if Vodafone Idea faces bankruptcy: Bankers
When a company faces insolvency proceedings, promoters are unable to raise funds for other businesses, and also they are not eligible to bid for any bankrupt business under Section 29A of the Bankruptcy Act. With effect from December 1, guarantors to any insolvent business too face bankruptcy proceedings.
Better to avoid beaten down midcaps now: Sandip Sabharwal
There are a lot of beaten down midcaps but in the near term, if the overall market view is slightly cautious, one would avoid it at this stage. This week there is going to be so much news flow on trade, the UK elections and the US Fed meeting. We will have inflation data and IIP figures on December 12.
Vodafone Idea tanks 12% as chairman fears closure of biz
“If we are not getting anything, then I think it is the end of story for Vodafone Idea,” Kumar Mangalam Birla said at an event in New Delhi on Friday.
Vodafone Idea tumbles 9% as Birla warns of shutting shop in absence of govt relief
The stock was trading 8.89 per cent lower at Rs 6.66 apiece on the BSE.
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