The debt instruments of India’s no.2 telecom operator Vodafone Idea (Vodafone) is under pressure after the company reported a massive loss of Rs 50,922 crore for the quarter ending September 2019. This unprecedented loss comes after the company provided for dues and penalties to be paid to the government. This provision was made to comply with a Supreme Court ruling that requires all telecom operators to include their non-core revenue (called Adjusted gross revenue) in calculating the fees due to the government.
Nine big financial changes that you must watch out for in October
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