Last Updated : Jul 22 2018 12:14PM
News Highlights
GST Council reduces tax rates on over 80 items: return form simplified            BJP MPs move privilege notice against Rahul Gandhi for misleading Parliament            Govt launches Student Police Cadet programme to make students responsible citizens           

Business News

Jul 11, 2018
9:10PM

Govt approves Idea Cellular and Vodafone India merger

Telecom Minister Manoj Sinha today said that the Government has approved the Idea Cellular and Vodafone India merger but the companies need to complete some formalities for the final closure of the deal.

The combined operations of Idea and Vodafone will create the country's largest telecom operator worth over over 1.5 lakh crore rupees, with a 35 per cent market share and a subscriber base of around 430 million.Debt-ridden firms Idea and Vodafone India are in process of merging their businesses in India as it is expected to bring down cost of their operations and give them relief from cut-throat competition in the market where margins have hit rock bottom with free voice calls

With the new entity coming in force, Bharti Airtel will lose the tag of India's biggest telecom service provider to the new entity.  The combined debt of both the companies is estimated to be around Rs 1.15 lakh crore.

   Related News

Listen News

  • Morning News 22 (Jul)
  • Midday News 21 (Jul)
  • News at Nine 21 (Jul)
  • Hourly 22 (Jul) (1200hrs)
  • समाचार प्रभात 22 (Jul)
  • दोपहर समाचार 21 (Jul)
  • समाचार संध्या 21 (Jul)
  • प्रति घंटा समाचार 22 (Jul) (1205hrs)
  • Khabarnama (Mor) 22 (Jul)
  • Khabrein(Day) 21 (Jul)
  • Khabrein(Eve) 21 (Jul)
  • Aaj Savere 22 (Jul)
  • Parikrama 21 (Jul)
  • Lok Ruchi Samachar 22 (Jul)

Listen Programs

  • Market Mantra 21 (Jul)
  • Samayki 21 (Jul)
  • Sports Scan 21 (Jul)
  • Spotlight/News Analysis 21 (Jul)
  • Public Speak
  • Country wide 19 (Jul)
  • Surkhiyo se Pare 19 (Jul)
  • Charcha Ka Vishai Ha 18 (Jul)
  • Vaad-Samvaad 10 (Jul)
  • Money Talk 10 (Jul)
  • Current Affairs 13 (Jul)

 

 

 

 

× All donations towards the Prime Minister's National Relief Fund(PMNRF) and the National Defence Fund(NDF) are notified for 100% deduction from taxable income under Section 80G of the Income Tax Act,1961""