With govt telecom relief package, Vodafone Idea gets AGR breather but balance sheet pinch to continue
The telecoms sector's relief package is anticipated to benefit not just all wireless providers, but particularly Vodafone Idea, which is said to be closing. Vodafone Idea, India's third-largest operator by user base, is reported to be on the verge of bankruptcy due to rising debt and operational costs.
The government has relaxed the FDI norms in single-brand retail and expanded the definition of mandatory 30% domestic sourcing norms.
With the end of the ISIS war, Iraq is on the path of reconstruction and economic resurrection that calls for sustained investment to the tune of over $900 billion within the next decade.
The union government has approved the foreign investment proposal of Twin Star Technologies for investment upto ₹9000 crore by March 2025