
Vodafone Idea's share price rose nearly 2% following the government's clarification regarding its divestment plans. The telecom firm has also settled all its statutory dues, amounting to approximately Rs 700 crore, which includes license fees and spectrum charges for the April-June quarter. Meanwhile, Sumant Kathpalia, the CEO of IndusInd Bank, faces scrutiny from the Reserve Bank of India (RBI) as his term approaches renewal. The RBI expects Kathpalia to enhance the quality of the bank's financial records and to introduce new leadership. His past performance has raised concerns, as he previously had his term shortened by the RBI. The future of his leadership at IndusInd Bank remains uncertain as he attempts to meet these expectations.






#ICYMI Our lead story today on how Sumanth Kathpalia may be hurting his chances at a new term as IndusInd Bank CEO. In story #2, find out why SEBI has come down hard on Anil Ambani. https://t.co/cyY1nh4aYs https://t.co/naXSgybZtL
Sumant Kathpalia’s fate as third-term CEO of IndusInd Bank rests with the RBI. And that depends on meeting two expectations: Improving the quality of the bank’s book, and bringing in fresh blood at the top of the bank. @imFmoharkan writes: https://t.co/t93S3UwoKL
#VodafoneIdea clears outstanding dues with DoT, including spectrum payment @senmeghna https://t.co/68fWfYnrO8