Monday, August 17
Vodafone Idea Ltd. is considering raising debt financing to accelerate growth, people familiar with the matter said, following the Indian government’s decision to cap annual payouts for past spectrum fees.India’s third-largest mobile phone operator by users may seek the financing from local and global lenders, the people said, asking not to be identified because the deliberations are private. Vodafone Idea plans to use part of the proceeds to improve its network and better compete against larger rivals Bharti Airtel Ltd. and Reliance Jio Infocomm Ltd., the people said.Also Read: Vodafone Idea confirms AGR relief, says Rs 124 crore to be paid annually over next 6 yearsThe wireless operator that’s part of billionaire Kumar Mangalam Birla’s conglomerate has been in talks with New York
The Reserve Bank on Friday fixed the Ways and Means Advances (WMA) limit for the Delhi government at Rs 890 crore to help it meet any temporary mismatch in receipts and payments. Earlier this week, the central bank entered into an agreement with the Government of the National Capital Territory of Delhi (GNCTD) to conduct the city government's general banking business, effective from Friday, January 09, 2026. "The WMA limit for GNCTD has been fixed at Rs 890 crore, effective from January 09, 2026," the Reserve Bank of India said in a statement. Accordingly, the revised aggregate WMA limit for State Governments / Union Territories will be Rs 61,008 crore as against the existing limit of Rs 60,118 crore, it added. WMA are temporary advances given by the RBI to the central, state governments a
