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Vodafone Idea (Vi) is confident its operational creditors, including network gear makers Nokia and Ericsson and tower vendor Indus will continue to support it despite delays in clearing their dues as the telco’s upcoming 4G-cum-5G blitz will generate fresh business for them. “Vendor negotiations shouldn’t impact, despite payment issues. With (our) peers’ post-5G capex peak, equipment vendors potentially see Vi as the primary source of growth, making their support likely in addition to the recent preference shares issued for part dues,” Vi’s CFO Murthy GVAS told global brokerage J P Morgan at a recent meeting. Global brokerage J P Morgan also quoted Vi’s Murthy saying that even for Indus, which has “a high proportion of single-tenant towers recently rolled out for LTE coverage, Vi offers a profitable second tenancy and loading revenues that should keep the terms of trade in the telco’s favour”.

Kiccha Sudeep has finally opened up on the arrest of his colleague Darshan. Darshan is currently in police custody along with his rumoured girlfriend Pavithra Gowda and 10 other men, for murdering Renuka Swamy, a 33-year old-youth. In an interview with India Today, the ‘Eega’ star said that justice has to be done for the victim’s wife and unborn child. «We are only aware of what the media is showing to us because we are not going to the police station to get the information. It looks like the media and the police are working hard to uncover the truth. There’s no doubt about that… that family deserves justice. That girl deserves justice. Renukaswamy, who died on the streets, deserves justice. The unborn child deserves justice. Above all, everyone should have faith in justice, and justice should prevail in this case,» he told India Today. While he refused to take Darshan’s name directly, the ‘Huccha’ actor said that the incident has tainted the whole Sandalwood industry and it badly needs an image makeover. «Everyone’s heart goes out to that family. The atmosphere doesn’t feel right. The film industry should get justice. All the blame seems to be placed on the film industry. The industry needs a clean chit. There are many artists involved. Cinema is not just one or two people. The film industry will be relieved if the culprit is punished,» he said.

The Internal Revenue Service plans to end another major tax loophole that could raise more than $50 billion in revenue over the next decade

India is likely to ask for a three-year exemption for its micro, small and medium enterprises (MSMEs) from a proposed mandatory tariff on carbon-intensive imports in talks on a free trade deal with European Union negotiators starting next week, two people aware of the matter said. India, which opposed the tax at the World Trade Organization's last ministerial meeting in February-March in Abu Dhabi, will make its stand clear again on the during upcoming talks on a free trade agreement (FTA) with the EU. The eighth round of FTA talks is slated to be held in Brussels on 24-28 June.

New Zealand's fire service says a passenger plane landed safely after a fire shut down one engine shortly after takeoff from Queenstown on the South Island

The U.S. surgeon general has called on Congress to require warning labels on social media platforms similar to those now mandatory on cigarette boxes

NEW DELHI : Private equity (PE) firm I Squared Capital and alternative investment firm Stonepeak are vying for Vodafone Group Plc’s 21.5% stake in Indus Towers Ltd in a deal potentially valued at around $2.3 billion, according to two people aware of the development. The talks are in advance stages, the people said. On 14 June, Reuters reported that Vodafone Group was looking to sell its entire stake worth $2.3 billion, as of Friday's closing stock price in Mumbai, in India's largest telecom tower company through stock market deals and had hired Bank of America, Morgan Stanley and BNP Paribas to manage the sale.

₹5,000 crore mega tender to accelerate the adoption of the Kavach automatic train protection (ATP) technology across 10,000 km of its busy networks. This initiative is aimed at reducing accidents such as the one near Balasore in Odisha last yearthat left nearly 296 people dead and over 1,200 injured. According to two people aware of the development, Indian Railways plans to release two separate tenders, each covering approximately 5,000 km, in the next few months, according to two persons aware of the development.

BENGALURU , MUMBAI : Quick-commerce company Zepto is looking to set up bigger dark stores so it can stock a larger assortment of products, according to two people aware of the company's plans. The development comes as the online grocery platform seeks to move big-time into non-grocery delivery, and as investors queue up to buy a stake in the four-year-old startup.

In the ongoing bankruptcy proceedings of FTX, three separate groups have recently filed claims over the assets seized from Sam Bankman-Fried following his criminal conviction.

After inspecting the pipeline, Assistant Sub-Inspector (ASI) Lokendra Sirohi said, «There is no leakage here. If there is any leakage, we will inform the Jal Board and our control room.» This comes after Delhi Minister Atishi on Sunday wrote a letter to Delhi Police Commissioner Sanjay Arora, urging the deployment of police personnel to protect major pipelines in the national capital.

pallu and border. While weaving, rice starch is applied to the yarn using a brush made from the fishtail palm tree to prevent yarn breakage. The Udupi sari started fading away in the 1980s with the introduction of power looms—much like in the case of other handloom saris.

Also Read: How can you avoid credit score scams? These are 7 key ways“A clean repayment history is the most crucial element for a good credit score," advices Sanjeet Dawar, Managing Director, CRIF High Mark. Plan and ensure timely payments of your Equated Monthly Instalments (EMIs) and at least the minimum payment due on your credit cards.The time of default also plays a vital role in the computation of a credit score.

income in the past year, and 32% of elderly individuals or their spouses had an annual income of less than Rs 50,000. Only 29% of elderly people had access to social security schemes such as old-age pensions, contributory pensions, or provident funds. Nearly 65% of elderly individuals said they were not financially secure with their current income and access to savings and investments. These findings are part of a report released by the voluntary organisation HelpAge India on the eve of World Elder Abuse Awareness Day, observed on June 15. Regarding health, more than half of the elderly (52%) reported facing at least one challenge related to daily living activities, and 54% suffered from two or more non-communicable diseases.

HDFC Bank is making market enquiries about the issuance of infrastructure bonds worth around ₹10,000-15,000 crore as India's largest lender by market value looks to garner long-term capital and meet the reserve requirements arising out of its last-year merger with erstwhile parent HDFC. «Bond markets are relatively stable now after the election-related volatility and for HDFC Bank, infrastructure bonds are a desirable option because these instruments bring leeway on maintenance of statutory liquidity ratio (SLR) and cash reserve ratio (CRR),» said a source aware of the developments.

logistics firms such as Delhivery and Xpressbees, which have hitherto focused on servicing ecommerce orders, are entering the quick-commerce sector as demand continues to surge on platforms like Swiggy Instamart, Blinkit, Zepto and others, multiple people aware of their plans told ET. Gurgaon-based logistics firm Delhivery — the largest third-party logistics (3PL) firm — has started to manage Swiggy Instamart’s larger warehouses that supply to small dark stores, or fulfilment centers, in city pockets. Similarly, Pune-based Xpressbees is in talks with multiple players to enter the segment, sources added.

NEW DELHI : New Delhi: A majority of the companies defaulting on repayments of small loans, and their creditors, are seeing the wisdom in avoiding long-drawn bankruptcy proceedings and the risk involved, opting to settle their disputes out of court. But when the stakes are high, the parties tend to remain locked in tribunals. About 80% of the out-of-court settlements once bankruptcy proceedings were initiated were for debt up to ₹10 crore, show data from the Insolvency and Bankruptcy Board of India (IBBI).

ICC Men's T20 World Cup aspires to make cricket more than an immigrant-expatriate's game in the US. Managers of the game globally would like to see it as a pivotal moment despite the lack of public interest and substandard pitches. On both, more groundwork needs to be done.

insurance coverage under the Ayushman Bharat Pradhan Mantri Jan Arogya Yojana (AB-PMJAY) to all aged 70 years and above as part of the 100-day agenda of the Modi 3.0 government. Nadda chaired a high-level meeting on attaining targeted health goals in the first 100 days of formation of the new government, with senior officials of the ministry here today, an official statement said. He was joined by ministers of state for health Anupriya Patel and Prataprao Ganpatrao Jadhav. Taking stock of the overview of the ministry's functioning, Nadda directed that emphasis should be laid on the quality of health facilities and health systems, the statement stated.

New Delhi: Multiplex chains are seeing revenue from sale of food and beverages grow faster than earnings from ticket sales, in an indication of the failure of movies to capture audience attention. And it isn't just about selling popcorn and cola at the cineplex. Theatre owners are increasing F&B sales through gourmet food created by star chefs, tie-ups with aggregators for home delivery, outdoor catering, kiosks in malls, etc.

GST) Council is likely to consider a review of 28% tax on online gaming and clarification on several procedural matters at its next meeting on June 22 in the national capital. The council may also take up recommendation of the fitment committee on inverted duty structure of 15 items, officials aware of the matter told ET. However, a broader process of rate rationalisation may be pushed for later, they said. The council secretariat announced the date of the meeting in an X post on Thursday.