Telecom Can't Afford Duopoly: Jindal Asks Govt To Ensure Voda Idea Survives

Sajjan Jindal, chairman of JSW group, has come out in support of beleaguered telecom company

“In telecom, consumers will be at a disadvantage with only two players left in the game if Vodafone-Idea were to close down. Government must in some way facilitate the survival of Vodafone-Idea as a third competitor. #VodafoneIdea @PMOIndia @FinMinIndia,” Jindal tweeted on Friday.

Vodafone Idea’s net worth has completely eroded and it faces Rs 58, 254 crore liability. The company has indicated that its ability to continue as a going concern depends upon favourable outcome of Supreme Court order.

RECENT NEWS

The Battle For Depositors: US Lenders Ramp Up Efforts Amidst Rate Uncertainty

In the competitive landscape of the US banking sector, retaining depositors is paramount for lenders seeking to maintain... Read more

Beyond Capital: Unveiling The Complexities Of Bank Failure Prediction

In the realm of banking, the ability to predict and prevent failures is paramount for financial stability and consumer c... Read more

Central Banks And The Economic Horizon: Steering Through Uncertaintie

In the evolving landscape of global financial markets, the strategic role of central banks has come under intense scruti... Read more

Transforming Financial Operations With Robotic Process Automation

Author: Ricardo Goulart                           ... Read more

The Role Of Machine Learning In Fraud Detection

        Author: Gerardine Lucero                  &nbsp... Read more

Principles Of Islamic Banking And Finance

When it comes to banking, a significant new contender has entered the ring. The principles of Islamic banking and financ... Read more