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05 Aug Summary

 Kumar Mangalam Birla is stepping down from Vodafone Idea . “ I do not think the future is uncertain. It is looking pretty certain in terms of the large payments which have to be made for spectrum use of past years ” Says Sandeep Parekh of Finsec Law Advisers He also said Telecom and Airlines are different industries. You can reduce planes from 100 to 5 and restart the business. But you can not shrink Vodafone.   Airtel mobile Price hike. The monthly Plan changed from 199 to 299 with the hope to increase ARPU to Rs. 300.   What is the true Value of Zomato ?
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04 Aug 21 ET summary

Kumar Manglam Birla Ready to sell a stake of 27.66% No word from Vodafone which holds 44.39% Though Vodafone CEO Nick Read said they are ready to provide support but not capital infusion. The government is planning to put Rs, 70,000 CR in BSNL Vodafone Idea has never reported a quarterly profit since the merger of Vodafone India and Idea Cellular on August 31, 2018 and has been rapidly losing customers to its rivals ever since. More problems with AGR dues & debt of Rs. 1.8L CR. If Government is infusing Rs. 70,000 CR in BSNL then talks of Duopoly are pre-mature. Vodafone is the only foreign player in the Indian market. All others which came in during the infamous 2G spectrum auction have left. Vodafone which brought stake from Hutch which in turn brought stake from Orange is the only old man standing.  https://economictimes.indiatimes.com/industry/telecom/telecom-news/govt-preparing-relief-package-for-telecom-sector/articleshow/85023683.cms BHEL currently priced at Rs. 60.30 is exp
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