Abhijit Kishore, current chief operating officer, will take over as CEO of cash-strapped Vodafone Idea starting August 19. As he steps into the role, the telco is at a critical juncture, facing pressing financial challenges that threaten the company's ability to operate as a going concern. Outgoing CEO Akshaya Moondra led several financial stabilisation initiatives and launched Vi's 5G rollouts, but the company's quarterly losses continued growing year-on-year, even as it lost subscribers to rivals.
You may also like
Lebanon says infiltration attempt from Syria foiled, denies airspace violations
Only eagled-eyed readers can spot hidden squirrel in 30 seconds
Big GST cut may rev up demand for small cars, hatchbacks likely to attract 18% tax against 28% now
L&T building up agility, tech, capex for new focus
Egyptian, Palestinian PMs discuss developments in Palestine