Vodafone CEO preparing IPO in india

London,November 10: Britain's Vodafone Group Plc said on Tuesday it had started preparations to float its Indian unit as it reported a return to earnings growth for the group as a whole in the first half.

"We have recently begun preparations for a potential initial public offering (IPO) of Vodafone India, subject to market conditions," the mobile operator said.

Vodafone added 4.4 million customers in India in the first half of the year, taking its total in the country to 188.2 million.

Investors have been expecting Vodafone to float its Indian business but the plan has been delayed by a long-running tax dispute with the government and fierce competition in the market. 

Government completely removes customs duty on sugar export

New Delhi: The central government has completely removed the duty on export of "raw sugar, white or refined sugar".'In order to promote exports with t...

Prasad warns FB of strong action if it sways electoral process

New Delhi: India on Wednesday warned social media platforms like Facebook of 'strong action' if any attempt was made by them to influence the country'...

PNB Rs 13,000 crore fraud: Mehul Choksi writes to CBI again

New Delhi: Responding to the fresh set of summons sent by Central Bureau of Investigation (CBI), absconding jeweller Mehul Choksi again wrote a letter...

How RBI is disposing of demonetised currency worth Rs 15.28 trillion

New Delhi: Demonetised Rs 500 and Rs 1,000 notes, which have been counted and processed for genuineness, are shredded and briquetted before being disp...