Shares of Vodafone's India venture rise on hopes of dues clearance
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BENGALURU (Reuters) - Shares of loss-making Vodafone Idea rose as much as 12%, after media said the distressed Indian telecom operator would pay some of its staggering government dues of $3.9 billion on Monday, to avoid violating court orders. On Friday, India ordered mobile carriers to immediately pay nearly $13 billion in dues after the Supreme Court threatened the companies and officials with contempt for failing to implement an earlier ruling.On Saturday, the local arm of British telecom..