#Tata Tele CEOs

[indiaenergystoragealliance]

IESA Industry Excellence Awards

Powered by CES, IESA Industry Excellence Awards was started in 2017, an initiative to recognize the perseverance, innovation, and achievements of organizations involved in the energy storage landscape in India. These awards celebrate the value these organizations have created for the end consumers in the country.

In 2020, IESA Industry Excellence Awards expanded the market segments and award categories to include EV charging infrastructure, Microgrids, along Energy storage and Electric vehicles markets. 

With this, IESA aims to acknowledge all the companies & industry stalwarts, those who have made their mark in the industry during the past year through technology innovation, market leadership, competitive strategy, etc.

The 5th IESA Industry Excellence Awards was held on 3rd May '22 at Pragati Maidan New Delhi to recognize the best of companies, leaders, and path-breaking projects in the field of energy storage, electric vehicles, and microgrids. 

Presented awards across 20+ categories spanning technology innovations, startups, and projects, to outstanding CXOs, researchers, policy pioneers, and drivers of progressive union and state policies. 

The awards gala witnessed prominent faces from the clean energy and green tech ecosystem bringing together ministers, public sector officials, and private industry executives to recognize their efforts in helping build a greener world order.

Based on the themes defined, IESA Industry Excellence Awards honored pathbreaking products, services, and solution providers at the event. The winners were felicitated in the presence of Shri. Ghanshyam Prasad, Joint Secretary, Ministry of Power, Govt. of India, Prof. Ashok Jhunjhunwala, Institute Professor, IIT Madras, Dr. Rahul Walawalkar, President, IESA, MD, CES (India), and Debi Prasad Dash, Executive Director, IESA. 

The following are the different awards categories presented at the IESA Industry Excellence Awards 2022:

Energy Storage Project of the Year Award- Ampere hour & BSES Rajdhani Power Limited

EV Infrastructure Project of the Year Award- Fortum Charge & Drive India & BSES Yamuna Power Limited

Technology Innovation of the year for Energy Storage (Industry)- Log 9 Materials

Technology innovation of the year (PSU)- Energy Storage- Hindustan Petroleum Corporation Ltd

Emerging Company of the Year- Energy Storage Supply Chain- Epsilon Advanced Materials

Startup Company of the Year- E-mobility Services- BluSmart

Startup company of the Year – EV- Log 9 Materials

Startup Company of the Year- Energy Storage- Ampere hour

EV Infrastructure Company of the Year- Tata Power

EV Components Company of the Year- Tata AutoComp

Company of the Year – EV Infrastructure OEM- Exicom Tele-Systems

Company of the Year in Safety Awareness- Energy Storage- Underwriters Laboratories (UL)

Energy Storage Company of the Year- Exicom Tele-Systems

EV Product of the year-Electric Two-Wheeler- 450X from Ather Energy

EV Product of the year- Electric Four-Wheeler- Nexon EV from Tata Motors

CXO Of the Year- Energy Storage- Vijayanand Samudrala , President – New Energy at Amara Raja Batteries

Emerging CXO Of The year- Energy Storage- Stefan Louis,CEO, Nexcharge

Lifetime Achievement Award- Energy Storage and EV- Prof. Ashok Jhunjhunwala. Indian Institute of Technology, Madras

Researcher of the Year (Industry) - Energy Storage- Dr. Venketeshwarlu Manne from Amara Raja Batteries

Researcher of the Year (PSU)- Energy Storage- Dr. Milind Kulkarni of the Centre for Materials for Electronics Technology

Policy Pioneer of the Year- Energy Storage- Ghanshyam Prasad, Joint Secretary, MoP

Best EV State Award- Karnataka and Tamil Nadu

Best State in EV Adoption- Delhi

Best State in E-bus Adoption- Maharashtra

Best State for Manufacturing: EV and Energy Storage- Tamil Nadu and Gujarat

IESA Policy Catalyst Award for EV and Energy Storage- Niti Aayog and DHI

IESA Earth Day Hero Award- Sainath Manikandan & Sai SahanaManikandan; Sawan Kanojia; Team Sustainosphere and There Is No Earth B

The winners were selected by a team of external juries based on competitive scoring and evaluation framework developed by the jury panel and senior advisors to IESA which comprise global Industry veterans and policymakers.

For the Industry Excellence Awards, the criteria for selection of winners across categories was based on acknowledging the work of organizations, projects, and people who not only help in promoting green energy solutions and technology for a decarbonized future but also create safety and value for the end consumer.

Become a member of the leading alliance in India focused on advanced energy storage, green hydrogen, and e-mobility.  Join IESA and become a member today.

[4wheel1]

Tata has launched a total of five BS6 compliant vehicles in Nepal ++ Tata Motors has launched its New Forever range of models in the country of Nepal. The carmaker has joined hands with Sipradi Trading Pvt. Ltd. who will be the sole authorised distributor of #Tata passenger vehicles in the country. Tata has introduced its entire range comprising the Tiago, Tigor, Nexon, Altroz, and the H5 (Harrier) in Nepal. All the models are BS6 compliant and feature the latest Impact 2.0 design language. ++ Mayank Baldi, Head International Business, Passenger Vehicles, #TataMotors, said, Tata Motors’ diverse range of offerings in passenger vehicles has been consistently well-received by the people of Nepal and we are delighted to bring our newest generation of passenger cars to our customers. ++ Rajan Babu Shrestha, CEO, SipradiTrading, said, As a renowned driving brand within #Nepal, we have always endeavoured to bring world-class products for our customers. Our partnership with Tata Motors has been especially fruitful in this regard, enabling us to offer a range of excellent vehicles in the past few decades. ++ #TataTiago and Tigor come with a 1.2-litre petrol engine mated to a 5-speed manual gearbox and an optional AMT unit. The former boasts of good safety features, along with a touchscreen infotainment system with Android Auto and Apple CarPlay connectivity. It is available in six colours - Victory Yellow, Flame Red, Pearlescent White, Pure Silver, Daytona Grey and Tectonic Blue, along with a dual-tone option with all the colours. ++ #TataAltroz gets is only offered with the 1.2-litre naturally aspirated petrol engine, mated to a 5-speed manual gearbox. The car has a 5-star safety rating from the Global NCAP, and it will be sold only in the XM+ variant in Nepal. ++ #TataH5, in its latest avatar comes with the updated BS6 diesel engine, which makes 168 bhp and 350 Nm of torque. Along with the manual model, Tata has also launched the automatic version of the SUV in Nepal. It also comes with new features like a panoramic sunroof and a 6-way powered driver seat with adjustable lumbar support. It is available in five colours - Calypso Red, Orcus White, Atlas Black, Tele https://www.instagram.com/p/CMWIjO1HuL6/?igshid=126rvvozwf8y4

[mylucky137276]

Tata Digital to acquire majority stake in online healthcare marketplace 1MG

Tata Digital Limited, a 100% subsidiary of Tata Sons, will acquire a majority stake in digital health company 1MG Technologies.

The investment in 1MG is in line with Tata Group’s vision of creating a digital ecosystem which addresses the consumer needs across categories in a unified manner, said a company statement. e-pharmacy, e-diagnostics and tele-consultation are critical segments in this ecosystem and have been among the fastest growing segments in this space, as this sector enabled access to healthcare through the Coronavirus (Covid-19) pandemic.

The financial details of the deal were not available. Tata Digital had invested Rs 100 crore in 1MG via debt a few months back.

Pratik Pal, CEO of Tata Digital, said, “The investment in 1MG strengthens Tata’s ability to provide superior customer experience and high quality healthcare products & services in e-pharmacy and e-diagnostics space through a technology led platform."

The overall market is around $1bn and is expected to grow at ~50% CAGR driven by increased health awareness among consumers and greater convenience. This category will form a key element of the Tata Digital ecosystem offering.

Prashant Tandon, co-Founder & CEO, 1MG, said, “We are delighted to join hands with one of India’s most iconic & respected conglomerates. This marks a significant milestone in 1MG’s journey to make high quality healthcare products & services accessible to customers across India.”

Incorporated in 2015, 1MG is a leading player in the eHealth space and enables easy & affordable access to a wide range of products like medicines, health & wellness products, diagnostics & tele-consultation to customers. The company operates three state of the art diagnostics labs, has a supply chain covering over 20,000 pin codes across the country and through its subsidiaries is also engaged in the business of B2B distribution of medicines & other healthcare products.

Read Complete Article

[boldlykeenblizzard]

Amid coronavirus outbreak, RBI loan breather for telcos

The three-month moratorium on bank term loans and working capital finance offered by the Reserve Bank of India (RBI) in response to the raging pandemic is likely to offer some short-term cash-flow respite and improve the liquidity levels of already stressed telcos, especially cash-strapped Vodafone Idea, analysts and industry experts said.

Experts though have called on the government to consider a three-month moratorium on operators’ revenue-share commitments for the April-June quarter FY21, which would be more significant relief for the debt-laden telecom sector that is currently reeling under the impact of the adjusted gross revenue (AGR) payments crisis.

“It would partly alleviate immediate cash flow needs and generate some liquidity for the struggling telcos and help then pay staff salaries and meet working capital expenses such as payments to vendors, tower partners, diesel costs, amongst others,” Rajan Mathews, director general of the Cellular Operators Association of India (COAI). COAI represents Bharti Airtel, Vodafone Idea and Reliance Jio.

Industry estimates peg the combined cash flow relief for the Big 3 telcos following the 3-month moratorium at around Rs 4,000 crore in terms of servicing their debt, which will not enough for a sector saddled with a whopping Rs 7 lakh-crore debt burden and struggling to pay off its AGR dues.

Prashant Singhal, Global Telecommunication Leader, EY, told ET added the actual quantum of cash flow relief depends on the term loan repayment structures that would vary for each telco.

He though said the government “could provide significant relief by considering a three-month moratorium on the revenue share payouts for the upcoming April-June quarter that could collectively provide a combined relief of roughly Rs 4,000-4,500 crore to the Big 3 operators”.

Telcos meet their revenue share obligations by paying a percentage of their AGR as licence fees and spectrum usage charges (SUC) to the telecom department. They pay 8% of their AGR as licence fees and around 4% as SUC.

Ex-Bharti Airtel CEO Sanjay Kapoor though wants the moratorium to be extended to six months, given the financial stress and challenges the sector faces, especially at time when it’s playing a crucial role in managing the increase in home internet consumption and keeping India Inc operational amid countrywide lockdowns caused by the pandemic.

At press time, Airtel, Vodafone Idea and Jio did not respond to ET’s queries.

The government has estimated VIL’s dues at Rs 58,254 crore, Bharti Airtel’s at Rs 43,980 crore and Tata Teleservices’ at Rs 16,798 crore. So far, Vodafone Idea has paid Rs 6,854 crore, Airtel Rs 18,004 crore and Tata Tele Rs 4,197 crore. The Supreme Court has agreed to consider the government’s plea on allowing the telcos to stagger their payments over 20 years or less. The matter will be taken up at the next hearing.

if(geolocation && geolocation != 5 && (typeof skip == 'undefined' || typeof skip.fbevents == 'undefined')) { !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '338698809636220'); fbq('track', 'PageView'); }

Source link

The post Amid coronavirus outbreak, RBI loan breather for telcos appeared first on Investium.

from Investium https://ift.tt/2yaigBu

[ainvestops]

Amid coronavirus outbreak, RBI loan breather for telcos

The three-month moratorium on bank term loans and working capital finance offered by the Reserve Bank of India (RBI) in response to the raging pandemic is likely to offer some short-term cash-flow respite and improve the liquidity levels of already stressed telcos, especially cash-strapped Vodafone Idea, analysts and industry experts said.

Experts though have called on the government to consider a three-month moratorium on operators’ revenue-share commitments for the April-June quarter FY21, which would be more significant relief for the debt-laden telecom sector that is currently reeling under the impact of the adjusted gross revenue (AGR) payments crisis.

“It would partly alleviate immediate cash flow needs and generate some liquidity for the struggling telcos and help then pay staff salaries and meet working capital expenses such as payments to vendors, tower partners, diesel costs, amongst others,” Rajan Mathews, director general of the Cellular Operators Association of India (COAI). COAI represents Bharti Airtel, Vodafone Idea and Reliance Jio.

Industry estimates peg the combined cash flow relief for the Big 3 telcos following the 3-month moratorium at around Rs 4,000 crore in terms of servicing their debt, which will not enough for a sector saddled with a whopping Rs 7 lakh-crore debt burden and struggling to pay off its AGR dues.

Prashant Singhal, Global Telecommunication Leader, EY, told ET added the actual quantum of cash flow relief depends on the term loan repayment structures that would vary for each telco.

He though said the government “could provide significant relief by considering a three-month moratorium on the revenue share payouts for the upcoming April-June quarter that could collectively provide a combined relief of roughly Rs 4,000-4,500 crore to the Big 3 operators”.

Telcos meet their revenue share obligations by paying a percentage of their AGR as licence fees and spectrum usage charges (SUC) to the telecom department. They pay 8% of their AGR as licence fees and around 4% as SUC.

Ex-Bharti Airtel CEO Sanjay Kapoor though wants the moratorium to be extended to six months, given the financial stress and challenges the sector faces, especially at time when it’s playing a crucial role in managing the increase in home internet consumption and keeping India Inc operational amid countrywide lockdowns caused by the pandemic.

At press time, Airtel, Vodafone Idea and Jio did not respond to ET’s queries.

The government has estimated VIL’s dues at Rs 58,254 crore, Bharti Airtel’s at Rs 43,980 crore and Tata Teleservices’ at Rs 16,798 crore. So far, Vodafone Idea has paid Rs 6,854 crore, Airtel Rs 18,004 crore and Tata Tele Rs 4,197 crore. The Supreme Court has agreed to consider the government’s plea on allowing the telcos to stagger their payments over 20 years or less. The matter will be taken up at the next hearing.

if(geolocation && geolocation != 5 && (typeof skip == 'undefined' || typeof skip.fbevents == 'undefined')) { !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '338698809636220'); fbq('track', 'PageView'); }

Source link

The post Amid coronavirus outbreak, RBI loan breather for telcos appeared first on Invest Ops.

from Invest Ops https://ift.tt/2xteKlq

[zoidresearch]

Top stocks are in news in share market

Stocks in the news:

Tata Steel, HDFC, Coal India, Bharti Airtel, Shoppers Stop, Amara Raja, NDTV Tata Steel | HDFC | Coal India | Bharat Financial Inclusion | IndusInd Bank | Jaypee Infratech | Shoppers Stop | Welspun Enterprises | Indorama Ventures | Max Ventures | Bharti Airtel | DHFL | Ruchi Soya | Amara Raja | NDTV are stocks, which is in news today.

Here are top stocks that are in news today:

Tata Steel To expand Kalinganagar capacity by 5m tons per annum to 8 MTPA The project will cost Rs 23,500cr Total capacity post expansion will be 18 MTPA Board approves raising funds up to Rs 12,800 crore via rights issue

HDFC Approves subscription to securities by HDFC Bank on pref basis for up to Rs 8,500 Cr Board approves raising up to Rs 13,000 cr capital To use cap to explore opportunities in health insurance with HDFC Ergo Looking at opportunities in Resol & acquisition of stressed assets in real estate Setting up funds to invest in affordable housing projects

Coal India to introduce evacuations facility charges at 50/ tonne for dispatch of coal Company will generate additional revenue of Rs 2500 cr for the full year and Rs 800 cr for the balance period of 2017-18

Bharat Financial Inclusion and IndusInd Bank Competition Commission of India approves the proposed amalgamation of Bharat Financial Inclusion with IndusInd Bank

Jaypee Infratech - State Bank of India has invoked the pledge of 10 Crore Equity Shares

Welspun Enterprises Co. to not invest in NBFC and instead remain focused on Infrastructure business. WEL had invested 1.3cr in NBFC which will be sold to promoter entity at book value

Shoppers Stop Board approves appointment of Rajiv Suri as CEO w.e.f. January 9 Board approves resignation of Sanjay Chakravarti as CFO

Other stocks and sectors in the news Indorama Ventures announces amalgamation of its 4 JV cos in India & IVL Dhunseri Petro to be the surviving entity Max Ventures gets shareholder nod for cancellation of area purchase agreement with Piveta Estates & Boulevard DHFL proposes to issue NCDs worth Rs 75 cr including Greenshoe option of up to Rs 300 cr on private placement basis Bharti Airtel: Cost of acquisition of Tigo Rwanda based on approx 6x EBITDA multiple Ruchi Soya says corp insolvency resolution process initiated for co as per IBC Amara Raja invests Rs 700cr in battery unit in Andhra Pradesh - Business Standard NDTV to cut workforce up to 25% for turnaround Bhushan Power, Electrosteel, Monnet Ispat - IBC resolution of steel firms pushed to FY19 - - Business Standard Bharti Airtel deposits interim penalty of Rs 2.5 crore with UIDAI - TOIReliance Jio, Tata Tele - CAG Finds 5 telecom firms including Reliance Jio, Videocon, Tata Tele, Telenor understated revenue by Rs 14,800 cr - Outlook Stocks tips by experts in stocks and derivatives market, click here & subscribe https://goo.gl/9A28mr

[secretstalks]

Jio market share in the Telecom Industry

Bharti Airtel CEO Gopal Vittal has reached out to the leaders of major telecom companies—including Reliance Jio, Vodafone Idea, Bharat Sanchar Nigam Ltd (BSNL), and Tata Teleservices—with a proposal to create a collaborative system for sharing information related to corporate connections used for commercial calling. This initiative is aimed at enhancing monitoring and preventing the misuse of these connections.

In his letter, Vittal suggested, “We are prepared to take the lead by sharing data (including entity names and active numbers only) on a monthly basis using a standardized template. We would greatly appreciate your support in this collaborative effort.”

The letter was addressed to Reliance Jio MD Pankaj Pawar, Vodafone Idea CEO Akshaya Moondra, BSNL CMD Robert Ravi, and Tata Teleservices MD Harjit Singh Chauhan.

Vittal highlighted the ongoing challenge of Unsolicited Commercial Communications (UCC) in the telecom industry. He noted, “Despite our continuous efforts, it is clear that more robust and unified mechanisms are needed to safeguard our customers from this persistent issue.” He emphasized that, in line with the directives from TRAI and the Department of Telecommunications (DoT), the focus remains on finding effective solutions for UCC.

UCC refers to unsolicited commercial communications, which involve a mix of communication and collaboration technologies. Vittal concluded by stating, “We strongly believe that addressing this challenge should be a collective effort among all telecom operators, rather than relying on isolated initiatives.”

READ MORE

[chemicalworldnews]

Students learn Multiphysics modelling with Comsol

The room was abuzz with engineering students from across the country at the 12th annual conference of Comsol. Students were bent over their laptops creating models on Comsol’s multiphysics software. This was the view in the training rooms during the Comsol conference organised on 20 & 21 October in Bangalore. More than 200 attendees from different industries and academic institutions made their way to the event. The conference programme included 28 mini training courses.

Roping in the industry, the keynote speakers demonstrated real-time industry application of the software. For instance, for the two-wheeler segment, noise control involves the evaluation of different parts of the engine and exhaust system based on various acoustic criteria.

“The Acoustics Module, an add-on product to Comsol Multiphysics, is used to evaluate the acoustic performance of engine and exhaust systems against the various criteria. To meet the acoustic criteria, modifications are then made to the system design,” said Gyanendra Roy, CAE head from Mahindra Two Wheelers Limited (Pune), giving his keynote on motorcycle noise and sound analysis. Another keynote focused on terahertz (THz) optical element designs for spectroscopy applications. “Although there are several Comsol Multiphysics modules that can be of use for design purposes, we use the Wave Optics Module for our applications to fabricate different THz frequency polarizers, filters, metamaterials and THz spectroscopy setups. Simulation helps save a lot of time on the fabrication of components by identifying design errors,” said Dr Shriganesh Prabhu, who earned his PhD from Tata Institute of Fundamental Research.

Solutions for chemical engineering

The Chemical Reaction Engineering Module in Comsol Multiphysics has customised functionality for the analysis of chemical systems primarily affected by chemical composition, reaction kinetics, fluid flow and temperature as functions of space and time. It has several interfaces to model chemical reaction kinetics; mass transport in dilute, concentrated and electric potential affected solutions; laminar and porous media flows, and energy transport.

Some of the user presentations for the CRE modelling were from the Advanced Technology Development Centre and School of Medical Science and Technology at (IIT) Kharagpur; Dept. of Cardiology, Medical College and Hospital, Kolkata; and Department of Chemical Engineering, Indian Institute of Science, Bangalore.

Academic attendees

The conference showcased about 75 user presentations in the form of posters and oral presentations. Engineering students from Indian Institute of Technology - Kharagpur, Delhi, Chennai, Bhubaneswar, Roorkee, Rupnagar and Varanasi took part for the user presentations among others. Also, international user presentations were from; Manipal University, Dubai, UAE; University Of Science Malaysia (USM), Georgetown, Penang, Malaysia; Institute of Tele. Radioelectronics and Electronic Engg, Lviv Polytechnic National University, Lviv, Ukraine; Nordita, Stockholm, Sweden; and RCAST, The University of Tokyo, Japan. The best paper award went for Subhashish Dasgupta from ABB, Bangalore, while Biju AF from Honeywell Bangalore won the best poster award.

As part of the conference, attendees voted for their favourite poster. Thennavarajan Subramanian from NAL won the best poster in this category.

All in all the two-day Comsol conference saw both the industry and academia working and learning together. Added to that, the conference ended on a hopeful note, with a promise of more to come in the next few years.

Comsol introduces latest software update at the Conference

Comsol Inc product managers unveiled the latest version of Comsol 5.2a at the 12th annual conference series. The updates of Comsol Multiphysics software, Comsol Server product and Comsol Client were introduced. The Comsol software features major performance increase and release of the Rotordynamics Module, which is now available as an add-on product to the Structural Mechanics Module.

The speedup is most notable with respect to the handling of models with several thousand domains and boundaries, for the latest update. Comsol is committed to delivering the most efficient and robust multiphysics environment for its wide range of products for electrical, mechanical, acoustics, fluid, thermal, and chemical simulations.

“To fulfil this commitment, Comsol’s development team ensures that each update of the Comsol software provides more efficient solvers, meshing, and physics modelling functionality,” commented Bjorn Sjodin, VP, product management, Comsol Inc. Comsol showcased examples of how customers are leveraging simulation apps to enable company-wide usage of multiphysics simulation.

“These case studies provide us with a first look at how our customers benefit from building and deploying simulation apps,” said Svante Littmarck, president and CEO, Comsol Inc, in his keynote presentation. “The Application Builder and Comsol Server™ are the tools that organisations need in order to provide multiphysics for everyone.”

The latest update of the new Rotordynamics Module will aid engineers in analysing vibrations due to centrifugal forces and other gyroscopic effects in rotating machinery. This new product will be used to ensure that rotor vibrations are contained within acceptable design limits. This module will be of particular interest to those working with the design of turbines, turbochargers, electrical machinery, and pumps in the automobile, marine, aerospace, energy, and household appliance industries.

“With the Rotordynamics Module, users can take into account the effects of various components such as disks, bearings, and foundations,” explained Prashant Srivastava, a technical product manager at Comsol.

© Chemical Today Magazine

[secretstalks]

Airtel CEO Gopal Vittal's Letter to Industry Rivals: Key Insights for Jio, Vodafone-Idea, Tata Tele, and BSNL

Gopal Vittal, CEO of Bharti Airtel, has reached out to leaders of Reliance Jio, Vodafone Idea, Bharat Sanchar Nigam Ltd (BSNL), and Tata Teleservices with a proposal to enhance collaboration in combating Unsolicited Commercial Communications (UCC). In his letter, Vittal suggested creating a system for sharing information about corporate connections used for commercial calling to monitor and prevent misuse.

Vittal stated, “We are prepared to take the first step by sharing data (entity names and active numbers only) on a monthly basis using a standardized template. Your cooperation in this effort would be greatly appreciated.”

Addressed to Reliance Jio MD Pankaj Pawar, Vodafone Idea CEO Akshaya Moondra, BSNL CMD Robert Ravi, and Tata Teleservices MD Harjit Singh Chauhan, the letter highlights the telecom industry's ongoing struggle with UCC. Vittal noted, “Despite our current efforts, stronger and more unified mechanisms are essential to protect our customers from this ongoing issue,” referencing directives from TRAI and the Department of Telecommunications (DoT) aimed at addressing UCC effectively.

He concluded by emphasizing that “tackling this issue should be a collective effort among all telecom operators, rather than relying on isolated initiatives.”

[ainvestops]

Vodafone Idea may survive if AGR payment spread over minimum 15 years: Analysts

KOLKATA & MUMBAI: Vodafone Idea Limited’s chances of survival hinge on the company being allowed by the Supreme Court to stagger payment of its adjusted gross revenue (AGR) dues over at least 15 years, even though its competitiveness would deteriorate sharply, said analysts.

Even if payments are spread over 20 years, the financially stressed telco will have to pay more than $700 million (over Rs 5200 crore ) in annual payouts, they said.

Brokerage Kotak Institutional Equities said Bharti Airtel will also take a hit in absolute terms due to its larger AGR payout compared to the self-assessed level, but it would still gain market share in the long run if VIL shuts or ends up as a weak fringe player.

IIFL Securities said the government would also take a huge blow if VIL went bankrupt as it stands to lose out on a whopping Rs 1.3 lakh crore in total dues from the struggling telecom carrier, including Rs 88,500 crore in deferred spectrum liabilities.

Experts said that even if VIL survives, courtesy a staggered AGR dues repayment over 15 years or more, the telco would require significant tariff hikes and capital infusion to arrest a rapid market share decline in a sector likely to be dominated by market leader Reliance Jio Infocomm and No 2 telco, Bharti Airtel.

Rajiv Sharma, research head at SBICap Securities, said VIL would consider shutting down if asked to clear its AGR dues in less than 15 years. But even if allowed a payment tenure of 15 years or more, the telco would still need average revenue per user (ARPU) to jump more than 40% from current levels to Rs 220 by the start of 2022-23, when it would need to start paying for spectrum, after the end of the two-year moratorium. This, to be able to invest at least $1-1.5 billion required annually for expanding 4G networks meaningfully in future to combat Jio and Airtel.

IIFL Securities, however, expects the government to provide relief to VIL by way of a reduction in licence fees and spectrum usage charges (SUC), simplifying the definition of AGR and even allowing GST set-off (of more than Rs 7,000 crore).

Goldman Sachs estimates VIL’s annual AGR payment at $710 million, nearly twice that of Bharti Airtel’s $360 million, if both telcos are allowed to repay over a 20-year span at 8% interest as requested by the telecom department. This, it said, would be in addition to $1.9 billion and $1.2 billion annual payouts that VIL and Bharti Airtel, respectively, would need to make towards deferred spectrum liabilities that would kick in from FY23.

Shares of VIL closed 5.38% higher at Rs 3.30 while those of Bharti Airtel closed 4.39 % higher at Rs 444.9 on the BSE on Thursday.

On Wednesday, the Supreme Court had scrapped the self-assessment of AGR dues but agreed to consider the government’s plea on allowing impacted telcos such as VIL, Bharti Airtel and Tata Teleservices to stagger their payments over 20 years or less. The matter will be taken up at the next hearing, scheduled after two weeks.

Sanjay Kapoor, ex-CEO of Bharti Airtel, said he expected the Sunil Mittal-led telco to clear its AGR dues in full as “its balance sheet allows it” but called VIL’s condition “precarious”, saying the latter’s chances of attracting potential investment even from external strategic investors were now bleak.

Goldman Sachs pegged Bharti Airtel’s cash balance at $2.3 billion (after its recent AGR payments to the government), saying the telco “may need to raise additional capital if asked to pay the full AGR amount upfront”. It said it saw limited impact on the company’s capex and estimated the telco to generate “$1.5 billion of free cash flows (FCF) in FY21”.

As per Monday’s court filings, the government has estimated VIL’s dues at Rs 58,254 crore, Bharti Airtel’s at Rs 43,980 crore and Tata Teleservices’ at Rs 16,798 crore. So far, Vodafone Idea has paid Rs 6,854 crore, Airtel, Rs 18,0004 crore and Tata Tele, Rs 4,197 crore.

if(geolocation && geolocation != 5 && (typeof skip == 'undefined' || typeof skip.fbevents == 'undefined')) { !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '338698809636220'); fbq('track', 'PageView'); }

Source link

The post Vodafone Idea may survive if AGR payment spread over minimum 15 years: Analysts appeared first on Invest Ops.

from Invest Ops https://ift.tt/2UnWzp0

[boldlykeenblizzard]

Vodafone Idea may survive if AGR payment spread over minimum 15 years: Analysts

KOLKATA & MUMBAI: Vodafone Idea Limited’s chances of survival hinge on the company being allowed by the Supreme Court to stagger payment of its adjusted gross revenue (AGR) dues over at least 15 years, even though its competitiveness would deteriorate sharply, said analysts.

Even if payments are spread over 20 years, the financially stressed telco will have to pay more than $700 million (over Rs 5200 crore ) in annual payouts, they said.

Brokerage Kotak Institutional Equities said Bharti Airtel will also take a hit in absolute terms due to its larger AGR payout compared to the self-assessed level, but it would still gain market share in the long run if VIL shuts or ends up as a weak fringe player.

IIFL Securities said the government would also take a huge blow if VIL went bankrupt as it stands to lose out on a whopping Rs 1.3 lakh crore in total dues from the struggling telecom carrier, including Rs 88,500 crore in deferred spectrum liabilities.

Experts said that even if VIL survives, courtesy a staggered AGR dues repayment over 15 years or more, the telco would require significant tariff hikes and capital infusion to arrest a rapid market share decline in a sector likely to be dominated by market leader Reliance Jio Infocomm and No 2 telco, Bharti Airtel.

Rajiv Sharma, research head at SBICap Securities, said VIL would consider shutting down if asked to clear its AGR dues in less than 15 years. But even if allowed a payment tenure of 15 years or more, the telco would still need average revenue per user (ARPU) to jump more than 40% from current levels to Rs 220 by the start of 2022-23, when it would need to start paying for spectrum, after the end of the two-year moratorium. This, to be able to invest at least $1-1.5 billion required annually for expanding 4G networks meaningfully in future to combat Jio and Airtel.

IIFL Securities, however, expects the government to provide relief to VIL by way of a reduction in licence fees and spectrum usage charges (SUC), simplifying the definition of AGR and even allowing GST set-off (of more than Rs 7,000 crore).

Goldman Sachs estimates VIL’s annual AGR payment at $710 million, nearly twice that of Bharti Airtel’s $360 million, if both telcos are allowed to repay over a 20-year span at 8% interest as requested by the telecom department. This, it said, would be in addition to $1.9 billion and $1.2 billion annual payouts that VIL and Bharti Airtel, respectively, would need to make towards deferred spectrum liabilities that would kick in from FY23.

Shares of VIL closed 5.38% higher at Rs 3.30 while those of Bharti Airtel closed 4.39 % higher at Rs 444.9 on the BSE on Thursday.

On Wednesday, the Supreme Court had scrapped the self-assessment of AGR dues but agreed to consider the government’s plea on allowing impacted telcos such as VIL, Bharti Airtel and Tata Teleservices to stagger their payments over 20 years or less. The matter will be taken up at the next hearing, scheduled after two weeks.

Sanjay Kapoor, ex-CEO of Bharti Airtel, said he expected the Sunil Mittal-led telco to clear its AGR dues in full as “its balance sheet allows it” but called VIL’s condition “precarious”, saying the latter’s chances of attracting potential investment even from external strategic investors were now bleak.

Goldman Sachs pegged Bharti Airtel’s cash balance at $2.3 billion (after its recent AGR payments to the government), saying the telco “may need to raise additional capital if asked to pay the full AGR amount upfront”. It said it saw limited impact on the company’s capex and estimated the telco to generate “$1.5 billion of free cash flows (FCF) in FY21”.

As per Monday’s court filings, the government has estimated VIL’s dues at Rs 58,254 crore, Bharti Airtel’s at Rs 43,980 crore and Tata Teleservices’ at Rs 16,798 crore. So far, Vodafone Idea has paid Rs 6,854 crore, Airtel, Rs 18,0004 crore and Tata Tele, Rs 4,197 crore.

if(geolocation && geolocation != 5 && (typeof skip == 'undefined' || typeof skip.fbevents == 'undefined')) { !function(f,b,e,v,n,t,s) {if(f.fbq)return;n=f.fbq=function(){n.callMethod? n.callMethod.apply(n,arguments):n.queue.push(arguments)}; if(!f._fbq)f._fbq=n;n.push=n;n.loaded=!0;n.version='2.0'; n.queue=[];t=b.createElement(e);t.async=!0; t.src=v;s=b.getElementsByTagName(e)[0]; s.parentNode.insertBefore(t,s)}(window, document,'script', 'https://connect.facebook.net/en_US/fbevents.js'); fbq('init', '338698809636220'); fbq('track', 'PageView'); }

Source link

The post Vodafone Idea may survive if AGR payment spread over minimum 15 years: Analysts appeared first on Investium.

from Investium https://ift.tt/2UorGAG