Vi’s lack of competitiveness is becoming glaringly apparent and the market is not bullish on its prospects as debt piles up amid consistent quarterly losses and sluggish subscriber growth.
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While paying heed to the growing concerns of mutual funds around how mandatory investment norms are affecting junior employees, the market regulator has ensured the industry remains accountable to investors.
Some research analysts have announced a closure of operations, fearing higher compliance costs. But it may be too soon to take such a call.
The FMCG major says that the new model is aimed at helping kirana stores and that it won’t affect distributors. These claims deserve a relook.