A physicist proposes that the universe might not be empty but act like a viscous fluid, resisting expansion. This bold idea could explain fluctuations in cosmic growth and challenge traditional dark energy models.
According to people directly aware of the matter, the debt will be raised by Vodafone Idea Telecom Infrastructure Limited, a group subsidiary that houses part of the company’s telecom infra and renewable energy assets
Vodafone Idea has petitioned the Supreme Court to direct the government to waive over $5 billion in telecom dues, citing sector sensitivity. The company, burdened by a 2019 ruling on adjusted gross revenue, faces $9.76 billion in dues and $25 billion debt. Its financial viability beyond FY26 is uncertain.
Telecom operator Vodafone Idea’s board has approved a Follow-on Public Offering (FPO) of equity shares of up to Rs 18,000 crore. The floor price for the mega offer has been set at Rs 10 and the cap at Rs 11 per equity share. This is at a discount of about 26% compared to recently approved preferential issue price to the promoter entity at Rs 14.87 and a discount of about 15% compared to last closing price.
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The telco also said it has been unable to renew additional BGs of undisclosed sums issued by Kotak Mahindra Bank due to its continuing financial constraints.