Banks demand from the government, Vodafone-Idea should be given more time to repay the loan

Banks demand from the government, Vodafone-Idea should be given more time to repay the loan

State Bank of India (SBI) along with some other banks have appealed to the Government of India to give more time to Vodafone Idea to repay the loan. Last year, a court had ordered this telecom company to pay its dues quickly. Vodafone-Idea currently has a debt of Rs 1.8 lakh crore.

Senior officials of SBI and representatives of the Indian Banks' Association (IBA) met officials from the Finance and Telecommunications Departments this month, according to a Reuters news. During this, the bank officials proposed to the government that Vodafone-Idea should be given immediate relief for the payment of dues. Government officials said that we have discussed this matter with banks, but the issue is whether the Finance Ministry is ready on these proposals or not.

Kumar Mangalam Birla wrote a letter to the government to save the company

Aditya Birla Group chairman Kumar Mangalam Birla had offered to hand over his stake in debt-ridden Vodafone Idea Limited (VIL) to the government or any such entity. Birla had also written a letter to the government in this regard in the month of June. He had said that in the absence of immediate active support from the government, the financial condition of VIL would reach the verge of sinking, which would be difficult to handle.

Birla had said that we have a duty towards the 27 crore Indians associated with VIL. In view of this, I am ready to hand over my stake in the company to the government or any such entity at the behest of the government which is capable of continuing the operations of the company. Kumar Mangalam Birla resigned as the non-executive chairman and direct of VIL after pleading with the government to save the company.

The government is considering giving a big package to the telecom sector

Vodafone Idea owes banks Rs 23,000 crore, AGR dues of Rs 61,000 crore and deferred spectrum payments of Rs 96,3000 crore. In this way, there is a total outstanding of Rs 1.8 lakh crore. Apart from this, bank guarantee and spectrum and AGR dues of several thousand crores and interest payment on bank loans are pending.

The government is considering giving a comprehensive package to help the telecom industry. In fact, since the entry of Jio in the telecom sector in 2016, the condition of other companies is bad. Reliance India Limited's CEO Mukesh Ambani's company Jio, after coming to this sector, gave customers the facility of free voice calls and internet data. As a result, a large number of consumers started taking the services of the company. This had a direct impact on the already existing companies in the telecom sector and their earnings kept on decreasing quarter by quarter.

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Sony launches 85-inch 8K LED TV in India for Rs 13 lakh, know what's special in it

Sony launches 85-inch 8K LED TV in India for Rs 13 lakh, know what's special in it

 Sony Bravia XR Master Series 85Z9J 8K LED TV has been launched in India for Rs 12,99,990. The large screen LED television has a resolution of 7,680x4,320 pixels, runs on Android TV software, and is powered by the Sony XR Cognitive Processor. The most expensive TV in the company's product range in India, is now available for sale in India through Sony retail stores, its online stores, leading electronics stores and select e-commerce portals.

Next generation content support in 8k TV

Sony's new TV is equipped with advanced features with 8K resolution and supports next generation content. While the device isn't yet available for 8K content viewing in India, the Sony 85X9J is worth considering if you want to watch high-resolution content at 8K resolution in the future. The Sony 85X9J TV will compete with the 8K option from brands like Samsung, LG and Hisense.

Specifications of Sony Bravia XR Master Series 85Z9J LED TV

The key feature of the Sony 85Z9J TV is its 7,680x4,320-pixel LED screen with support for HDR up to Dolby Vision format. In addition, the TV works on Android TV for smart connectivity with the Google TV interface, and also supports Google Chromecast and Apple AirPlay. The TV is powered by Sony's XR Cognitive processor, which has also been seen at some of the company's other launches this year.

Sony's new TVs have a rated output of 85W through a ten-speaker setup that includes two mid-range drivers, four tweeters and four subwoofers. There's Dolby Atmos audio support, and the TV has 16GB of onboard storage for apps and app data, along with the Google Play Store for apps. The TV also supports local dimming, with a refresh rate of up to 120Hz at Ultra-HD resolution.

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