MUMBAI -- Shares of beleaguered Vodafone Idea, India's third-largest telecom, surged Friday as investors welcomed New Delhi's plan to scrap a retrospective tax law, a move that likely would benefit the British parent.
Telecommunication
Vodafone Idea shares rebound as India looks to scrap retro tax
Indian telecom faces $21.5bn debt, but tax move likely to ease fundraising woes
Kumar Mangalam Birla, left, has resigned as chairman of Vodafone Idea. © Reuters
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