Currently, the government owns a 48.99% stake in Vodafone Idea, having converted some of its past dues into equity. ABG and Vodafone hold 9.50% and 16.07%, respectively.
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Aspirational consumer electronics like large-screen TVs, ACs, and dishwashers are set to become more affordable. Chief executives anticipate an 8-9% price reduction following a significant 10 percentage point cut in GST rates. While sales might dip temporarily as consumers delay…
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Nestle ousted ex-CEO Laurent Freixe after receiving complaints of favoritism and a romantic relationship with an employee. An internal investigation initially found no evidence, but further complaints led to a second investigation, revealing a breach of the company’s code of…
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In a letter to the Prime Minister dated August 26, a copy reviewed by ET, former CFO of IndusInd Bank claimed that he uncovered serious issues in treasury operations that had persisted for more than a decade. Jain said he…
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Banks want fewer long-term bonds issued in the second half of fiscal year 2026. They prefer more short-term bonds. Demand for long bonds from insurers and pension funds is weak. State bond supply is high. This mismatch pushes borrowing costs…
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Sebi chief Tuhin Kanta Pandey urged listed banks to strengthen internal controls to prevent insider trading, emphasizing their dual responsibility in safeguarding unpublished price-sensitive information (UPSI) related to both the bank and its client companies. He highlighted that weak controls…
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