Airtel dials DoT, seeks conversion of govt dues into equity
Bharti Airtel has approached the Department of Telecommunications to convert its government dues into equity, following Vodafone Idea’s similar move, where the government’s stake increased significantly. This demand arises amidst the government’s reconsideration of waiving interest and penalties on adjusted gross revenue dues.
Sebi imposes Rs 10 lakh fine on Future Retail
Amazon had raised concerns with Sebi regarding a scheme of arrangement between Future group and Mukesh Dhirubhai Ambani group. On October 5,2020, Amazon had initiated arbitration proceeding against Future Groups before SIAC.
Spandana Sphoorty Financial said to be under RBI lens
The Spandana board on Wednesday appointed chief financial officer Ashish Kumar Damani as the interim chief executive of the company. Saxena will continue to assist the company for the next three months to ensure a smooth transition.