Main headlines: Evergrande misses loan payments; Vodafone rejects Indian unity

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The Vodafone Group has made it clear that there will be no further injection of equity into Vodafone Idea Ltd. Evergrande Group of China has defaulted on loan payments to two of its largest bank creditors.

Learn more about these stories and other headlines of the day:

No new equity for Voda Idea

Vodafone plc has made it clear that it will not make any further capital injections into its Indian telecommunications business, Vodafone Idea Ltd (VIL). Responding to a question, a spokesperson for the UK-based telecommunications company said: “Just to confirm our position, there will be no further injection of equity from the Vodafone Group.” Read more

Airtel and Jio equipped for native 5G network testing

India’s rendezvous with 5G telecommunications networks “Make in India” has taken a giant leap forward with the Bharti Airtel-Tata and Reliance Jio combine doing tests based on their own equipment.

Bharti Airtel chairman Sunil Mittal said his 5G trials with the Tatas (who build the 5G stack, which includes the core and the radio) are expected to start in April-May next year, well before it begins to deploy commercial networks in the country. Read more

LIC agents to pilot an awareness campaign for retail investors

After “sahi hai mutual funds”, it could be the turn of something like “sahi hai stock market”. Ahead of what will be India’s largest initial public offering, expected later this year, the government and insurance company are planning a high-speed outreach campaign for retail investors to ensure their participation. number. “It might sound like the very successful mutual fund campaign,” said an official familiar with the developments. Read more

Adani bets $ 20 billion on green energy

Adani Enterprises will invest $ 20 billion (Rs 1.48 trillion) over 10 years in the renewable energy supply chain, including the generation, manufacture, transmission and distribution of electricity. The investment size announcement comes after Reliance Industries Ltd (RIL) launched its foray into green energy in June with an investment of Rs 75,000 crore over the next three years. Read more

Chinese group Evergrande failed to pay interest due Monday to at least two of its largest bank creditors, bringing the cash-strapped developer closer to one of the country’s biggest debt restructurings. Read more

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First published: Wed, September 22, 2021. 07:24 IST


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