The Securities and Exchange Board of India (SEBI) has exempted the central government from the obligation to make an open offer after converting Vodafone Idea’s spectrum dues into equity. The exemption allows the government to increase its stake in the telecom operator from 22.60% to 48.99% without triggering a mandatory offer to minority shareholders. SEBI’s […]
Sensex Today | Stock Market LIVE Updates: GIFT Nifty indicates gap down start for indices, IREDA, ITC in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous session lower. Nifty 50 closed at 23,519.35, while Sensex ended at 77,414.92. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 2,750 points below its record high of 26,277.35. Asian stocks were in […]
Explainer | Govt converts Vodafone Idea’s debt to equity: Key details and future outlook – CNBC TV18
The government has decided to convert Vodafone Idea’s outstanding spectrum dues into equity, providing financial relief to the telecom company. This move comes after the Cabinet rejected the Department of Telecommunications’ (DoT) proposal for a partial waiver of the company’s adjusted gross revenue (AGR) dues. Key numbers Total spectrum dues converted: ₹36,950 crore […]
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty 50 look to extend winning streak, Manappuram Finance, Hindalco to be in focus
Sensex Today | Stock Market LIVE Updates: The benchmark indices extended their winning streak for the fourth consecutive session on Thursday, marking the longest rally in nearly two months. The Sensex gained 899 points to close at 76,348, while the Nifty advanced 283 points to settle at 23,191, reaching its highest level since February 13. […]
Sensex Today | Stock Market LIVE Updates: Sensex, Nifty 50 set for gap-up start after US indices rally on Fed decision
Sensex Today | Stock Market LIVE Updates: The equity benchmarks extended gains for the third consecutive session on Wednesday (March 19), with the Nifty closing 73 points higher at 22,908 and the Sensex rising 148 points to 75,449. The broader market outperformed significantly, as the Nifty Midcap index jumped 2.6% (1,300 points) to 50,817, outpacing […]
Sensex Today | Stock Market LIVE Updates: Nifty 50, Sensex likely to open in green; Muthoot Finance in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 22,834.30, while Sensex ended at 75,301.26. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,443.05 points away from its record high of 26,277.35. […]
Vodafone Idea’s long-term survival hinges on this single most important driver – CNBC TV18
Stabilisation of telecom service provider Vodafone Idea Ltd. is the single-most important factor for the long-term survival of the company, according to a note from brokerage firm Motilal Oswal. Company Value Change %Change In its note, released over the weekend, Motilal Oswal said that the benefits of tariff hikes have been limited for Vodafone Idea, given […]
Supreme Court rejects Vodafone Idea, Bharti Airtel’s plea on AGR dues miscalculation – CNBC TV18
The Supreme Court has dismissed review petitions filed by Vodafone Idea and Bharti Airtel, seeking corrections in the calculation of Adjusted Gross Revenue (AGR) dues. The verdict upholds the court’s 2021 decision, leaving the telecom firms with no further legal recourse and making government intervention their only hope for relief. Company Value Change %Change A […]
Jefferies bets on Bharti Airtel amid positive outlook for telecom stocks – CNBC TV18
Global brokerage firm Jefferies has turned bullish on telecom companies in India due to revenue growth driven by tariff hikes and gain in market share. Jefferies in its report highlighted that the aggregate revenue growth for the Indian telecom sector accelerated to 16% in the third quarter from last year, largely driven by the recent […]
Sensex Today | Stock Market LIVE Update: Nifty, Sensex set for a muted open; Bharat Forge, Vodafone Idea in focus
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session lower. Nifty 50 closed at 23,045.25, while Sensex ended at 76,171.08. Sensex Today | Stock Market LIVE Updates: Nifty 50 ended the previous trade session 3,232.1 points below its record high of 26,277.35. Nifty 50, Sensex have […]