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Fitch Ratings: Even with fund infusion, Vi balance sheet will continue to be weak: Nitin Soni

Nitin Soni of Fitch Ratings emphasizes Vodafone Idea s necessity for tariff hikes to improve cash flow amid upcoming payments. Government debt-to-equity conversion and inadequate capex investment pose challenges for Vodafone Idea s weak balance sheet.

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Adani Cements: Adani cements its Ambuja stake with₹6,661 cr infusion

The Adani family has invested ₹6,661 crore in Ambuja Cements, increasing its stake to 66.7%. This marks the second fund infusion since late-2022, when ₹5,000 crore was invested through warrants. The total investment of ₹11,661 crore aims to enhance capital flexibility for growth and strategic initiatives. Adani Cement, comprising ACC and Ambuja Cements, targets a production capacity of 140 million tonnes by 2028. The funds will support capacity expansion, operational efficiency, and strategic initiatives, including resource optimization and supply chain enhancements.

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Vodafone Idea: With new fund infusion, does Vodafone Idea stand a chance of revival?

Vodafone Idea, struggling under debt, announced a refinancing plan of up to Rs 45,000 crore. The capital infusion aims to pay off dues, expand 4G and roll out 5G. However, challenges like debt servicing and government payouts remain. Survival is crucial for India s telecom sector.

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Colombia Secures Multimillion-Dollar Loans to Bolster Peace Plans

Colombia Secures Multimillion-Dollar Loans to Bolster Peace Plans
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SpiceJet CEO Ajay Singh says flights to Lakshadweep, Ayodhya to start soon

The SpiceJet CEO said fresh capital infusion will help bring the airline s grounded aircraft back into operations.

Narendra modiPrime minister narendra modiCarlyle aviation partnersSpicejet ceo ajay singhFlights to lakshadweepFlights to ayodhyaFund infusion

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