Vodafone – Another case of costly acquisition and write-off…

Vodafone India is to Vodafone plc what Tata Steel Europe is to Tata Steel..! Vodafone plc’s recent decision to write-off € 6.4 billion (nearly Rs 46,000 crore) with respect to vodafone India’s operation confirms this. This is the second write-off by Vodafone plc related to India, the first being in 2010 for € 2.3 bn and … Continue reading Vodafone – Another case of costly acquisition and write-off…
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Weekly Round Up – Week 25

 

  • Britain wakes up to the news of ‘Brexit’ with a narrow 51.9 – 48.1% vote..! The exit, specially in the backdrop of polarized election campaign in the US, seems to indicate growing isolationism the world around, shrugging off the economic costs. Even though the Brits leave with an awareness of certain pain of departure, the pain could be more severe and last longer than being assumed. Markets across the world including India react with shock. Pound falls by more than 10% before recovering partially. British Prime Minister, a supporter of staying-in, says he would not be the right person to lead the country through this transition and would step down by October. The unsettling questions now is – Can this trigger further exits within EU. (More on this – https://indiaeconomyandbusiness.com/2016/06/22/brexit/)

Continue reading “Weekly Round Up – Week 25”