Verizon, Amazon may invest over $4 billion in Vodafone Idea

News Network
September 3, 2020

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Bengaluru, Sept 3: US wireless carrier Verizon Communications Inc and Amazon.com Inc may invest more than $4 billion for a stake in India's Vodafone Idea Ltd, the Mint newspaper reported on Thursday, sending shares in the struggling Indian telecom firm up 10 per cent.

Vodafone Idea's stake-sale talks had been paused pending the outcome of a court hearing in India, which created uncertainty and could have threatened Vodafone Idea's survival, Mint reported, citing two unnamed people aware of the negotiations.

But Amazon and Verizon are set to resume discussions following a Supreme Court ruling on Tuesday which gave mobile carriers 10 years to settle government dues.

Vodafone Idea did not immediately respond to Reuters request for comment. Amazon and Verizon did not return emails seeking comment outside regular US business hours.

Heavily indebted Vodafone Idea - a joint venture between Britain's Vodafone Group Plc and India's Idea Cellular - had previously said its ability to continue as a going concern rested on a positive outcome of the hearing.

It has paid the Indian government 78.5 billion rupees ($1.1 billion) in telecoms dues, according to regulatory filings, but still owes roughly 500 billion rupees ($6.8 billion) more.

Shares in Vodafone Idea, which ended 13 per cent lower after Tuesday's court ruling, were up 8 per cent at 10.70 rupees on the NSE index by 0405 GMT.

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News Network
January 14,2025

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Bengaluru: The BJP on Tuesday accused the police of "framing" an innocent person in the cow attack case in Chamarajapet here and demanded a fair investigation into the incident.

Sheikh Nasru (30), a native of Champaran in Bihar, has been arrested for allegedly slashing the udders of three cows on Sunday.

The matter escalated into a communal controversy after the saffron party threatened to observe 'Black Sankranti' if the culprits were not arrested before the festival.

The party has since emphasised that the actual perpetrators must be apprehended.

Addressing media here, BJP state president B Y Vijayendra said, "There are claims that an innocent man has been falsely implicated and is being projected as the culprit."

Leader of Opposition R Ashoka also raised doubts about the investigation, questioning how a mentally unstable man could work at the firm for a decade.

Ashoka noted that the incident occurred at the veterinary hospital, which spans four acres.

He alleged that the hospital was recently declared Waqf property and claimed that Karna, the owner of the injured cattle, had opposed the Waqf Board’s decision, suggesting this opposition might have led to the incident.

The party leaders led by Vijayendra and Ashoka celebrated 'Sankranti' by offering special prayers to cows at the spot where the attack took place.

Meanwhile, state Home Minister G Parameshwara dismissed the opposition charges and said the police were investigating the case without any bias.

"If the investigation reveals the involvement of more people, then police will not spare them," he told reporters here.

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News Network
January 16,2025

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Bollywood actor Saif Ali Khan is "out of danger" following a successful surgery at the Lilavati Hospital in Mumbai after being attacked during a burglary at his residence last night.

The actor’s team released an official statement confirming his recovery and assured fans of his stable condition.

The shocking incident occurred late last night when an intruder broke into the actor’s home. Reports suggest that when Saif confronted the burglar, both were involved in a physical altercation, and the attacker stabbing the actor about six times.
Saif’s wife, actress Kareena Kapoor Khan, and their children were reportedly unharmed during the incident.
“Saif Ali Khan has come out of surgery and is out of danger. He is currently in recovery, and the doctors are monitoring his progress. All family members are safe, and the police are investigating the incident," the team said.

Meanwhile, the police is at the actor's residence and is probing the attack.

Attack on Saif Ali Khan: What you need to know

Dr. Niraj Uttamani, Chief Operating Officer (COO) of Lilavati Hospital, revealed that Saif was brought to the hospital at 3 a.m. on Thursday. Providing details about his injuries, Dr. Uttamani said, “Saif Ali Khan suffered six stab wounds, two of which were deep, with one located near his spine. A foreign object was also identified near his spine.”

The hospital further confirmed that a team of specialists is overseeing the actor’s treatment, including Dr. Nitin Dange (Consultant Neurosurgeon), Dr. Leena Jain (Consultant Plastic Surgeon), Dr. Nisha Gandhi (Consultant Anaesthesiologist), Dr. Kavita Srinivas (Intensivist), and Dr. Manoj Deshmukh (Consultant Radiologist).

Dr. Uttamani said, “The extent of the damage will be understood once the surgery is completed.”

The incident has sparked outrage within the film fraternity and raised concerns about security. Indian Film and Television Directors Association (IFTDA) President Ashoke Pandit condemned the attack, emphasizing the lapse in security at Saif’s residential building.

Speaking to ANI, he said, “The attack on film star Saif Ali Khan in his own house is a matter of concern. IFTDA condemns this attack. The concern is about the security of the building, and the security agencies of the building, as to how an intruder reaches the 12th floor and enters the house, this is a matter of investigation, which the Mumbai Police is very competent and capable of looking into.”

The Mumbai Police Crime Branch has initiated an investigation into the incident. Deputy Commissioner of Police Dixit Gedam confirmed Saif’s injuries resulted from an altercation with the intruder, adding that authorities are actively working to gather more details about the incident.

Security footage and witness statements are being reviewed as part of the probe.

The actor recently appeared in the action thriller Devara Part 1, which released in September 2024 to critical acclaim.

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News Network
January 7,2025

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Mangaluru: A tragic road accident claimed the life of a young medical store owner on Monday, January 6, near Tiblapadavu, Natekallu, located on the outskirts of the city.

The victim, identified as 25-year-old Ausaf, was the proprietor of Hajira Medicals and the son of Jaleel, a resident of Derlakatte. 

The unfortunate incident unfolded as Ausaf was riding his bike from Derlakatte toward Tiblapadavu. Upon approaching a divider near Tiblapadavu, a lorry made a sudden turn, resulting in a collision between the motorbike and the rear of the lorry. Ausaf succumbed to his injuries on the spot.

Having completed his education a few years ago, Ausaf had taken up the responsibility of managing Hajira Medicals at Derlakatte Junction. He was well-known in his community for his dedication and service.

Authorities at the Mangaluru South Traffic Police Station have registered a case, and CCTV footage capturing the incident is under review. The tragic loss has left the local community in shock, mourning the untimely demise of a promising young entrepreneur. 

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