Essar Global Fund Limited (EGFL), managed by Essar Capital, said in a statement that "it has completely exited the telecom business with successful closure of the transaction in Kenya.
The demerger case of passive assets owned by Vodafone Essar in Gujarat is now before the Supreme Court and sparks flew at the hearing today.
This is second acquisition of Airtel within a month of it acquiring business and assets of Mumbai base Loop Mobile for about Rs 700 crore.
Swati Piramal, director of Piramal Healthcare tells CNBC-TV18 that it is one of the few pharma companies which are pushing for drug discovery.
We live in a complex world of business and finance, where companies operate and transact in several jurisdictions, all at once. In a nod to this complex world, the Supreme Court of India has delivered a far-reaching judgment today.
Judgement Day for Vodafone Essar proved to be bittersweet in the end. CNBC-TV18 spoke to Vodafone's lawyer Anu Dutt on the implications of this verdict.
UK-based Vodafone Group Plc, the parent company of Vodafone Essar, today hailed Supreme Court's ruling to set aside the Bombay High Court judgement asking the company to pay income tax of Rs 11,000 crore.
Vodafone users across the country, especially in Tamil Nadu, Chennai, Uttar Pradesh (East and West) have been ...
Acting on a complaint issued by Matrix Cellular, the Delhi HC issued a contempt notice to the popular mobile service provider ...
In regards to the ownership of Loop Telecom, the CBI was initially confident of coming up with a charge sheet against the Ruias. However, CNBC-TV18’s Siddharth Zarabari reports a portion of the CBI believes that this is a case of corporate greed and not corporate fraud.
The government will consider 29 foreign direct investment (FDI) proposals, including that of Walt Disney Company and Vodafone Essar, at its meeting next week.
Slowdown in the telecom sector continued last month, with GSM operators adding just about 5.33 million subscribers in August, compared to 7.65 million in the earlier month.
The plea of UK-based telecom operator Vodafone to buy 5.48% stake in the joint venture - Vodafone-Essar - from two Mauritius based entities has been approved, the government said today.
IBM has signed an extended deal estimated at up to USD 1 billion to manage the information technology systems of Vodafone's Indian unit until 2017, the Economic Times reported on Thursday.
The country's largest private telecom operator Bharti airtel paid Rs 1,177.48 crore to the government in the April-June quarter toward licence fees and spectrum usage charges, more than any other service provider.
The Government today said it is in the process of deciding the quantum of penalty to be imposed on Hutchison-Essar (now Vodafone-Essar) for providing Push to Talk service in various circles in violation of telecom licence conditions during 2004-2005.
Piramal Healthcare has planned to picked up a 5.5% stake in Vodafone-Essar, valued at about USD 640 million. CNBC-TV18's executive editor Shereen Bhan spoke to chairman of the company, Ajay Piramal on the transaction.
In an interview to CNBC-TV18, Vikas Dandekar, India bureau chief of Pharmasianews, says the Pirmal-Vodafone deal is a smart move but the question remains on what happens to the core business. However, he says, over a longer period of time there will be some value accretion.
Telecom services provider Vodafone Essar is looking to set India-specific greenhouse gas emission mitigation targets for itself as part of an initiative to reduce its carbon footprint by 20% globally by 2015.
The Finance Ministry will take up 40 proposals of foreign direct investment, including that of Vodafone-Essar and Walt Disney Company India on Friday.
India's telecoms sector is back on the radar of investors after market leader Bharti Airtel raised call tariffs last week for the first time in at least two years, raising hopes for an improvement in wafer-thin margins that have hobbled the industry.
Vodafone Essar and Idea Cellular have raised prepaid call tariffs in some regions by about 20%, three sources with knowledge of the matter said on Thursday.
Two leading mobile operators, Vodafone Essar and Idea Cellular, are understood to have increased pre-paid tariffs by up to 20 per cent, in line with the recent Bharti Airtel move.
Marten Pieters, managing director and chief executive officers of Vodafone Essar said, the company has been able to double its subscriber base from 70 million to 140 million in the last two- two-and-half years and he looks very positively into the future.
India saw 391 M&A deals worth about USD 33 billion during January-June this year, registering a modest growth over in both number and volume in the year-ago period, says a report by VCCEdge.