iWorld
Indian government to take nearly half of Vodafone Idea as debt converts to equity
MUMBAI: India’s beleaguered mobile operator Vodafone Idea is about to get a new sugar daddy—the government itself. The ministry of communications has decided to convert the firm’s towering spectrum auction dues of Rs 36,950 crore into equity shares, catapulting the state’s ownership from 22.6 per cent to a whopping 48.99 per cent, according to a company regulatory filing with the BSE.
The move, communicated via an order dated 29 March and received by the company on Sunday, follows the Modi government’s 2021 telecom sector bailout package. Vodafone Idea, which has been gasping for financial breath against rivals Reliance Jio and Bharti Airtel, will issue 3,695 crore equity shares at Rs 10 each within 30 days after securing regulatory approvals.
Despite the government now holding the largest slice of the pie, the existing promoters will remain at the controls—suggesting New Delhi prefers to play sleeping partner rather than backseat driver in this marriage of convenience.
The pricing methodology wasn’t plucked from thin air but follows regulatory guidelines—taking the higher of the volume-weighted price over either 90 or 10 trading days preceding 26 February 2025.
This fiscal lifeline throws Vodafone Idea a much-needed oxygen tank as it struggles to keep up in India’s brutally competitive telecom market, where rock-bottom tariffs have made profitability as rare as an uncapped data plan.
iWorld
Subedaar puts Indian original cinema on the global map with record-breaking Prime Video debut
MUMBAI: Prime Video has a runaway hit on its hands. Subedaar, the gritty action drama starring Anil Kapoor, has stormed to become the most-watched Indian original movie on the platform in its opening weekend, cracking the Top 10 across 31 countries and landing in 91 per cent of India’s pin codes within days of its March 5 premiere.
The film, a visceral, emotionally-charged story of a retired soldier, Subedaar Arjun Maurya, wrestling with civilian life amid crime and corruption, has struck a nerve. Directed by Suresh Triveni and co-starring Radhikka Madan, Mona Singh, Saurabh Shukla, Aditya Rawal, Faisal Malik, and Khushboo Sundar, the film is already being hailed as a showcase for what Indian original storytelling can achieve on the world stage.
“Subedaar’s success is a reflection of the growing scale and global resonance of Indian storytelling,” said Nikhil Madhok, director and head of originals at Prime Video India. “The film’s emotional narrative, its rooted portrayal of a soldier confronting his toughest battles beyond the battlefield, has struck a chord. Anil Kapoor delivers an acting masterclass, while Suresh Triveni’s solid direction and great performances from the ensemble cast have resulted in love and appreciation from customers across the world.”
Kapoor, 62, has been here before, but rarely at this altitude. Written by Triveni and Prajwal Chandrashekar, with dialogues by Triveni, Saurabh Dwivedi, and Chandrashekar, the film is a production by Opening Image Films in association with Anil Kapoor Film & Communication Network (AKFCN), produced by Vikram Malhotra, Kapoor, and Triveni.
Subedaar streams exclusively on Prime Video in Hindi, Tamil, and Telugu across India, and in over 240 countries and territories worldwide.
For Prime Video, the numbers tell the real story: one weekend, one film, a global footprint, and a very loud signal that Indian original cinema is no longer just travelling well. It’s arriving.
