Ravinder Takkar, the managing director (MD) and chief executive officer (CEO) of telecom operator Vodafone Idea Limited (Vi), will replace Himanshu Kapania as the telco’s new chairman. He will step down as non-executive chairman of the board with effect from 18 August this month. However, he will continue to be a part of the VIL board as a non-executive director.
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Meanwhile, Vodafone Idea today reported its net loss marginally narrowed to Rs 7,297 crores for the quarter ended June 30, 2022. It reported a net loss of Rs 7,319 crores in the preceding quarter. The telco’s revenue from operations rose 14% to Rs 10,410 crore as against Rs 9,152 crores in Q1FY22.
Important Takeaways for All Competitive Exams:
- Vodafone Idea Limited Founder: Kumar Mangalam Birla;
- Vodafone Idea Limited Founded: 31 August 2018;
- Vodafone Idea Limited Headquarters: Gandhinagar.