Vodafone Idea Awaits a Lifeline, But Who Will Come to Beleaguered Operator’s Rescue?
Telecom operator Vodafone Idea Ltd (VIL) is the eye of the storm, yet again, this time following the resignation of industrialist and billionaire Kumar Mangalam Birla from the debt-laden company’s board. On Wednesday, Birla, the chairman of business conglomerate Aditya Birla Group, had stepped down as non-executive chairman and non-executive director of VIL, a move that did not go well with the investors. While the company named non-executive director and... Read More