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Source: Live Mint Vodafone Idea share price surged over 7% on Tuesday following reports that the central government is evaluating multiple options to provide further relief to the financially stressed telecom operator on its outstanding regulatory dues of ₹84,000 crore. Vodafone Idea shares rallied as much as 7.02% to ₹7.01 apiece on the BSE. According…
Source: Live Mint Here’s a quick look at stocks likely to be in focus in today’s trade. Jio Financial Services The bank said it acquired 7,90,80,000 equity shares of Jio Payments Bank Limited (JPBL) from State Bank of India for ₹104.54 crore. Zydus Lifesciences A pharmaceutical company announced that a recent inspection by the U.S….
Source: Live Mint Vodafone Idea on Friday reported narrowing of its net losses during the fourth quarter of FY25, along with its board of directors approving raising funds of up to ₹20,000 crore. The beleaguered telecom company, Vodafone Idea posted a consolidated net loss of ₹7,166.1 crore during the quarter ended March 2025, down from…
Source: Live Mint Debt-ridden Vodafone Idea saw its share price rise by 3.6% in Wednesday’s session, May 15, closing at ₹7.23 apiece. The boost in the stock came after the company filed a fresh petition in the Supreme Court seeking relief on AGR (Adjusted Gross Revenue) dues. The company is requesting a waiver of over…
Source: Live Mint Government of India’s Ministry of Communications have decided to convert Vodafone Idea Ltd’s outstanding spectrum auction dues into equity shares, increasing its stakeholding in the firm to 48.99 per cent, according to the exchange filing on Sunday, March 30. “It is hereby informed that Ministry of Communications, Government of India has, in…
Source: Live Mint On a day global stock indices were battered by rising international trade tensions induced by US President Donald Trump, Indian markets followed their slump, with all gauges dipping sharply. Japan’s Nikkei and China’s CSI 300 fell 2.88% and 1.97%, respectively, amid weak openings for Germany’s Dax and French CAC. Almost on cue,…
Source: Live Mint The Supreme Court of India on Friday dismissed review petitions filed by telecom companies, including Vodafone Idea and Bharti Airtel, seeking corrections in the calculation of their adjusted gross revenue (AGR) dues, reports said. This ruling upholds the apex court’s 2021 decision, leaving the companies with no further legal options. Telecom firms…
Source: Live Mint Vodafone Idea Q3 results: Net loss at ₹6,609 crore, revenue at ₹11,117 crore Read Full Article
Source: Live Mint Vodafone Idea has used fund infusion from its global parent Vodafone Plc, to repay outstanding Master Service Agreement Dues (MSA) to Indus Towers. Vodafone Idea shares declined 3.4% on Friday. In a filing to the London Stock Exchange on January 10, Vodafone Plc said that the obligations to Indus Towers under the…
Source: Live Mint Telecom Q3FY25 Results Preview: Telecom companies are expected to report firm revenue and EBITDA growth for the third quarter of the financial year 2024-25, suggests brokerages. Domestic brokerage JM Financial, in its latest note, forecasts Jio, Bharti Airtel (India wireless), Bharti Hexacom, and Vodafone Idea to achieve EBITDA growth of 4-6% QoQ,…
