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SHOCKING: 2 - You Need To See This

Ahead of Market: 10 things that will decide stock market action on Thursday

Domestic equity benchmarks ended marginally higher after four sessions of losses, supported by gains in metal, energy and consumer stocks. Analysts cautioned that bearish technical indicators and resistance near key levels could keep markets volatile, while broader sentiment remained tilted toward selective selling pressure.

The Economic Times

Market under pressure: IT stocks face long-term headwinds as oil crisis and AI shift weigh on sentiment: Vinit Bolinjkar

Vinit Bolinjkar of Ventura Securities advises selling IT stocks. He highlights market risks from the Hormuz Strait crisis, foreign investor selling, as well as the global AI shift. Bolinjkar sees pressure on IT revenues and margins. He prefers Vodafone Idea in telecom. The consumer sector shows surprising strength this earnings…

The Economic Times

Vodafone Idea shares surge 30% in a month. Should you buy or wait for consolidation?

Vodafone Idea shares have surged 30% in a month, driven by a reduction in AGR dues and the return of Kumar Mangalam Birla as chairman. Recent reports of Vodafone Plc considering share transfer also boosted the stock. Analysts suggest waiting for consolidation due to the sharp rally, with high-risk investors…

The Economic Times

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Vodafone Idea shares jump 7% as telco set to consider fundraise on May 16. What lies ahead?

Vodafone Idea shares surged 7% to a four-month high after announcing a board meeting on May 16 to consider a fundraise via equity and warrants. This follows a significant reduction in its adjusted gross revenue (AGR) dues by the government, boosting investor confidence.

The Economic Times

Vodafone Idea board to weigh fundraise through equity after AGR relief

Vodafone Idea board will consider raising funds via equity shares and warrants as sentiment improves after AGR relief and regulatory clarity. The stock has rallied sharply in recent months on reduced dues, leadership changes and stake-related developments. Brokerages turn more positive, citing improved visibility for fundraising and network expansion plans.

The Economic Times

Vodafone Idea shares drop 4% after telco clarifies on treasury stock transfer report. Here's what it said

Shares of Vodafone Idea fell nearly 4% after the company clarified it had not received any communication from Vodafone Group regarding a reported stake transfer proposal. The clarification followed an 8% rally triggered by reports suggesting Vodafone Plc may transfer part of its stake to strengthen Vodafone Idea’s balance sheet…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Tuesday

Indian benchmark indices experienced a significant sell-off on Monday, marking their third consecutive session of decline. The Nifty50 and BSE Sensex both tumbled, led by banking, automobile, and energy sectors amid investor risk aversion. Analysts suggest a weakening trend with immediate support for the Nifty at 23,700.

The Economic Times

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Vodafone sells remaining £269 million stake in Indian telecoms group

London-listed mobile giant has been gradually cutting its shares in Indus Towers in recent months.

Evening Standard

Vodafone Idea approves offer price of ₹11 per equity share for ₹18,000 cr-FPO

Vodafone Idea's board approves FPO offer price at Rs 11 per share, raising Rs 18,000 crore for debt-laden telecom operator

The Hindu

Jio added 4.2 million wireless users, Airtel 7.5 lakh in January

Total wireless subscribers in India increased 0.19 per cent in the month of January to 1,160.71 million, according to the latest data provided by the Telecom Regulatory Authority of India (TRAI). Read further on Dynamite News:

Dynamite News

ATC Telecom Seeks Conversion Of Vodafone Idea Debentures To Shares

ATC Telecom converts 4 million Vodafone Idea debentures into shares, impacting Indian telecom sector.

Top News

Morning Digest | Roll-out schedule of 3 new criminal codes will be notified by January 26; Top Hamas official Saleh Arouri killed in Beirut blast, and more

The Hindu Morning Digest gives a select list of stories to start the day. Read the top news today on January 3, 2024

The Hindu

Indian monitoring systems creating ‘backdoor’ for surveillance firms: FT report

India’s “so-called lawful interception monitoring systems” are helping create a “backdoor” that allows “Prime Minister Narendra Modi’s government to snoop” on citizens as “part of the country’s growing surveillance regime”, according to a Financial Times report.

Newslaundry

Complaint of network problem ends with homemaker losing ₹3 lakh to man posing as customer care executive

He persuaded the complainant to download an app through which he got access to her mobile phone. He then told her to pay ₹2 through a payment app. When she did that, he observed the process. The rest was easy, say police

The Hindu

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The Times of India

Govt gets 33.44% stake in Vodafone Idea post equity allocation

NEW DELHI: Debt-ridden telecom operator Vodafone Idea on Tuesday approved the allotment of equity shares worth Rs 16,133 crore to the government, which post-allocation has become the largest shareholder with a 33.44 per cent stake in the company.

The Times of India

Telecom subscriber base declines to 117 crore in October 2022 with VIL losing 35 lakh customers: Trai

NEW DELHI: The telecom subscriber base in the country declined by 117 crore in October due to Vodafone Idea losing a large number of mobile customers during the month, as per a report of sector regulator Trai published on Monday.

The Times of India

Vodafone Idea to raise Rs 1,600 crore debt from vendor ATC

NEW DELHI: Loss-making telecom operator Vodafone Idea on Friday said it has received board nod to settle Rs 1,600 crore dues to equipment vendor ATC Telecom Infrastructure Ltd by converting the due amount into equity if unpaid in 18 months.

The Times of India

DoT to 'activate' conversion of VIL dues into equity after seeing firm action on fundraising

NEW DELHI: The telecom ministry will 'activate' its plan to convert dues of Vodafone Idea into equity as soon as the telco demonstrates firm commitment as a serious long-term player in the market through fundraising or any other confidence-building measure, according to a senior government official.

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The Times of India

Govt to acquire Vodafone Idea stake after share price stabilises at Rs 10 or above

NEW DELHI: The government will acquire a stake in debt-ridden Vodafone Idea after the stock price of the company stabilises at Rs 10 or above, according to an official source.

The Hindu

Telecom Minister Ashwini Vaishnaw asks telcos to gear up for 5G launch

The DoT has received payment of around ₹17,876 crore from service providers — Bharti Airtel, Reliance Jio, Adani Data Networks and Vodafone Idea for 5G spectrum they won in a recent auction.

The Hindu

Dialling right: On 5G spectrum sale

Government should ensure both the exchequer and the public benefit from spectrum sale

Dynamite News

Business: Much-awaited auction for 5G spectrum commences

Reliance Jio, Adani group, Bharti Airtel and Vodafone Idea are the four major participants in the auction. Read more on Dynamite News:

The Hindu

Bidding for spectrum, including 5G airwaves, to begin this week

Reliance Jio, Adani Data Networks, Bharti Airtel and Vodafone Idea to participate in the auction set to begin on July 26, at which analysts do not foresee any aggressive bidding due to the abundancy of spectrum and the limited number of participants

The Hindu

Jio adds over 31 lakh mobile users in May, VIL loses 7.6 lakh subscribers: TRAI data

Bharti Airtel added 10.27 lakh subscribers, while BSNL and Vodafone-Idea lost 7.59 lakh wireless connections and 5.36 lakh subscribers respectively

The Times of India

5G auction: Jio submits earnest money of Rs 14,000 crore to DoT; Adani Group deposits Rs 100 crore

NEW DELHI: As the race for 5G spectrum auction heats up, billionaire Mukesh Ambani's Reliance Jio has made a Rs 14,000-crore earnest money deposit while rival Adani group made a modest Rs 100 crore deposit.

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