Vodafone Idea plans to raise $750 million via convertible debentures

[Business-Standard]( Daily Newsletter 13 March 2021 [Facebook]( [RSS]( [Twitter]( [Google Plus]( [Twitter]( [YouTube]( [Markets]( [Companies]( [Banking]( [Economy]( [Opinion |]( [Life]( [Management]( [Technology]( LIVE MARKETS [SENSEX]( 50792.08 (-487.43) [NIFTY]( 15030.95 (-143.85) GOLD (MCX 10 GM) 44740.00 (-139.00) SILVER (MCX 1 KG) 66845.00 (-700.00) USD ($) / INR(Rs) 72.95 (-0.27) Front Page [Premium Content][Vodafone Idea plans to raise $750 million via convertible debentures]( Promoters to dilute stake post conversion [Finance ministry asks Sebi to revoke 100-year maturity rule on AT1 bonds]( Revised norms to treat all perpetual bonds as 100-year tenor to be withdrawn [Retail inflation jumps to 3-month high of 5.03% amid rise in fuel prices]( Food inflation rose to 3.87 per cent from 3.11 per cent over this period. [Tata seeks CCI nod to acquire up to 64.3% stake in BigBasket]( The deal, if approved, would put Tata in direct competition with Amazon, Walmart's Flipkart [Quad has come of age; its agenda makes it a force for global good: PM Modi]( Free and open Indo-Pacific essential, says Biden [India's industrial output slips back into negative territory in January]( Industrial output shrinks 1.6% in January [Mathematics and physics rule for engineering not mandatory: AICTE]( The Council said it should be seen as a window of opportunity for universities wanting to open engineering admissions based on NEP [Quiet and steady: Gautam Adani beats Musk, Bezos with biggest wealth surge]( Net worth of the first-generation entrepreneur has jumped $16.2 billion in 2021 to $50 billion, according to the Bloomberg Billionaires Index [Premium Content][Labour ministry to come up with quarterly job survey on organised sector]( One on unorganised sector to come by April; four more surveys to follow [Premium Content][FMCG prices jump as companies fight to contain commodity inflation]( Companies are also looking for change in product mix and cost saving measures Companies [Premium Content][From Hyundai's Creta to Kia's Seltos, SUVs drive auto recovery in February]( Their popularity suggests that the market has travelled beyond the search for value-for-money [Premium Content][Clinically tried and tested: Bharat Biotech boss Ella wins Covaxin fight]( Covaxin was India's first indigenously developed vaccine to be approved, controversially under "clinical trial mode" in the first week of [Govt to sell 16.12% stake in Tata Comm through OFS, rest to Tata Sons arm]( The government will sell its entire stake in Tata Communications through an offer for sale and the rest to Tata Son's investment arm Panatone ... ['No arrangement or agreements finalised': Tata Power on Tesla tie up]( 'We confirm that the news item published in the media dated March 12 2021 is factually incorrect,' the company said in a stock exchange filing [» Read More Stories in Companies]( Economy & Policy [Premium Content][This year's outlook on services trade uncertain amid Covid-19: WTO]( WTO's Services Trade Barometer rose sharply to 104.7 during Oct-Dec 2020, higher than the baseline value of 100 and well above the low of 91.2 ... [Debt worth Rs 30,000 crore for wind power projects faces risk]( The problem predominantly pertains to four key states - Madhya Pradesh, Maharashtra, Rajasthan and Andhra Pradesh [Surpassed freight loading for FY21 as compared to FY20: Railway official]( Despite Covid, on March 11, 2021, Indian Railways achieved cumulative freight loading of 1145.68 million tonnes, which is higher as compared to ... [PFRDA looking to introduce minimum assured return product: Chairman]( PFRDA is working on plans to introduce innovative retirement benefit products, such as one providing minimum assured return, to attract more ... [» Read More Stories in Economy & Policy]( Markets BSE 52-WEEK HIGH Company Price (Rs) Change (%) [3M India]( 27251.70 5.09 [Astral Poly Tech]( 2492.65 -0.36 BSE TOP GAINERS Company Price (Rs) Change (%) [Meghmani Organ.]( 103.95 11.24 [IDBI Bank]( 42.00 9.80 BSE 52-WEEK LOW Company Price (Rs) Change (%) BSE TOP LOSERS Company Price (Rs) Change (%) [I T D C]( 405.00 -9.63 [Indbull.RealEst.]( 104.10 -9.40 [Analysts remain bullish on mid, small-caps despite stellar show]( Key factor that has aided the sharp rally, especially in the mid-cap segment is the ample liquidity with global central banks remaining in an ... [Premium Content][Additional tier-1 bond stand-off likely to spook corporate bond yields]( Besides redemption pressure in debt market, it will make fund raising difficult for PSBs [Investors should be prepared for biggest inflation scare since 1980s: Wood]( The return of inflation fears have been stoked again by the rise in commodity prices, especially oil [Rising yields halt benchmarks' winning streak; Sensex falls 487 points]( The Nifty ended Friday's session at 15,031, a fall of 144 points or 0.95 per cent [Premium Content][Dividend rule: MF industry working with tax experts to arrive at a solution]( MF industry grappling with diktat to segregate dividend as income and capital distribution [» Read More Stories in Markets]( Opinion [Premium Content][New landscape in Old India: Building spree in the midst of familiar hassles]( Even as the govt tries to scale up infrastructure, Centre-state squabbles, environmentalists' concerns, hassles over land acquisition and plain ... [Premium Content][The angry Vishwaguru]( The world has expectations from India and complains when those aren't met. If global praise is acceptable to Modi govt, why the resentment and ... [Premium Content][A sensible vaccination policy]( The costs of providing free vaccines are way lower than the costs of a freewheeling epidemic [Premium Content][Approve more vaccines]( There are several reasons why we are not yet, as Union Health Minister Harsh Vardhan claimed recently, in the "the endgame" of the pandemic in ... [Premium Content][Beyond Test rankings]( What makes this Indian team different from the ones we've seen in the past is this: When pushed against the wall, they almost always find means ... [» Read More Stories in Opinion]( Finance [Maintain separate category for Covid-19 moratorium seekers: RBI to banks]( Step will help banks, financial institutions separate regular debt restructuring and those availed due to the pandemic [FinMin to soon infuse Rs 14,500 cr in banks under PCA: Report]( Indian Overseas Bank, Central Bank of India and UCO Bank are currently under this framework that puts several restrictions on them, including on ... [» Read More Stories in Finance]( Technology [Realme Buds Air 2 review: Solid ANC earbuds made perfect by add-on features]( The Realme Buds Air 2 is the most affordable pair of wireless earbuds to experience ANC. It is a no-brainer if you are in the market for ... [HP Spectre x360 review: A premium convertible laptop with sleek performance]( The 11th-Gen Intel Core i7 breathes performance in a spectacular-looking HP Spectre x360 convertible laptop, making it a near-perfect ... [Microsoft says ransom-seeking hackers taking advantage of server flaws]( The disclosure is the realization of worries that have been coursing through the security community for days [» Read More Stories in Technology]( PF [Premium Content][Stay secure: Treat wearables on par with cards to make contactless payments]( Acceptance of wearable devices will depend on speed and ease of grievance redressal [Premium Content][A quick and simple guide on tax compliance ahead of the March 31 deadline]( Apart from tax planning, you need to make sure you've paid your advance tax correctly and linked your Aadhaar to your PAN [Premium Content][Indian saree: Not quite ubiquitous, but every woman's wardrobe treasure]( A cultural symbol and style statement for Indian women, it is no longer limited to weddings and family occasions, but has begun extending to ... 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