Page 11 - Vodafone Idea

Voda Idea can slide another 44%, if this support is broken; hints chart

Voda Idea stock is seen trading below its key moving averages and now testing key support levels on the monthly scale, levels not violated since December 2021; check key levels here

SC rejects telecom firms' pleas on AGR case, Vodafone Idea stocks tank

Failure of last legal recourse by telcos to hit Vi the hardest despite the firm paying back Rs 7,900 crore

Nifty PSU Bank declines 2% amid Vodafone Idea's AGR concerns

Analysts link the index's decline to a major drop in Vi's stock price after the SC rejected telecom companies' plea to re-evaluate AGRs, while also affirming the govt's existing AGR demands.

Vodafone Idea shares tank 20%, Indus Towers 14% after SC rejects AGR plea

Vodafone Idea share price plunged 10 per cent to Rs 11.61 per share on the National Stock Exchange (NSE) on Thursday

SC rejects telecom firms' pleas in AGR case; Vi shares plunge 10%

The rejection of the final legal remedy leaves Vodafone Idea with limited options, worsening its financial struggles amid fierce competition and heavy debt

Bharti Airtel becomes 4th listed company to cross Rs 10 trillion market cap

The combined market cap of Bharti Airtel (Rs 9.52 trillion) and Bharti Airtel's partly paid shares (Rs 49,526 crore) touched Rs 10.02 trillion in intra-day trade on Thursday.

Bharti Hexacom up 13% on Jefferies' upgrade to 'Buy' with Rs 1,600 target

The stock hit a new high of Rs 1,454, as Jefferies expects Jio's rising focus on growth and Vodafone Idea's market share losses to drive Bharti Hexacom's operating performance in the medium-term.

Indian telcos to join forces to tackle rising spam calls & messages menace

Telecom companies have traditionally been hesitant to share sensitive data because it could affect their business customers financially

As PSBs put Voda Idea loan on hold, will the stock drop below Rs 10?

Technical outlook on Vodafone Idea: The stock is trading with a weak bias below its 200-DMA after a gap of 14 months; it needs to break above Rs 15.40 for the sentiment to revive, suggests chart.

VIL's capital-raise unlikely to plug market share erosion: Goldman Sachs

Vodafone Idea's recent capital-raise while incrementally positive, may not be adequate to stop the telco's market share erosion, according to a note by Goldman Sachs. The brokerage has, in fact, anticipated another 300 bps (basis point) share loss for the company over the next 3-4 years, citing the direct correlation between capital expenditure and revenue market share, and given its own expectation of peers spending at least 50 per cent higher capex versus Vodafone Idea. One basis point is equal to 1/100th of a per cent. "Vodafone Idea's recent capital raise, while incrementally positive, is unlikely to be adequate to stop the company's market share erosion in our view," it said. Additionally, it said, Vodafone Idea has large Adjusted Gross Revenue (AGR)/spectrum-related payments starting in FY26. "While the government has the option of converting some dues into equity, we estimate ARPUs would have to rise by Rs 200-270 (120-150 per cent under different scenarios) versus December

Vodafone Idea share price tanks 14% to hit 3-month low: Check why

Goldman Sachs maintained its 'Sell' rating on the stock, as the brokerage firm said Vodafone Idea faces difficulties in achieving free cash flow break-even and recovering lost market share.

Munjal Auto gets tax demand notice of Rs 6.7 cr from Haryana GST authority

Munjal Auto Industries is among many companies hit with tax notices within the last week. The company intends to appeal the GST notice

Vodafone Idea slapped with Rs 73 cr GST demand orders, penalty, interest

Debt-ridden telecom firm Vodafone Idea has been slapped with demand orders from various GST offices to pay over Rs 73 crore comprising tax dues with penalty and interest, a regulatory filing said on Monday. The company has received nine orders from various GST offices mostly for alleged short payment of taxes and allegedly availing excess input tax credit (ITC). The GST office in Kolkata has levied highest penalty of Rs 33.44 crore on the company along with demand of tax and interest on September 1 for "Alleged Tax short paid on outward supply, excess ITC availed", according to the filing. Noida GST office has ordered Vodafone Idea (VIL) to pay "penalty of Rs 26,89,94,489 along with demand and interest as applicable" on September 1 for alleged "excess availment of ITC and short tax paid for FY 2019-20" by the company. Patna GST office has levied a penalty of Rs 10.94 crore along with demand and interest on VIL. The company has received a penal order of Rs 4,211 from Chandigarh GST

Supreme Court to hear curative pleas from telecom operators on AGR Dues

Supreme Court will consider curative petitions from Bharti Airtel and Vodafone Idea, among other telcos, in a closed session on Friday

Vodafone Idea asked to pay Rs 15.19 cr GST along with Rs 1.51 cr penalty

GST office in Patna has ordered debt-ridden Vodafone Idea to pay Rs 15.19 crore, along with a penalty of Rs 1.51 crore, for allegedly availing of input tax credit it was not eligible for in FY20 and FY21, a regulatory filing said on Wednesday. Vodafone Idea (VIL) said it does does not agree with the order and will take appropriate legal action. According to the filing, the Joint Commissioner for CGST and Central Excise in Patna passed an order under "Central Goods and Services Tax Act, 2017 confirming demand of Rs 15,19,20,351 along with penalty Rs 1,51,92,035 and interest as applicable." The company received the order on August 28 alleging "availment of ineligible input tax credit for FY 2019-20 and 2020-21". "The maximum financial impact is to the extent of tax demand, interest and penalty levied. The company does not agree with the order and will take appropriate action(s)," the filing said.

Stocks To Watch Today, Aug 28: SBI Cards, Wipro, Vi, Jio Fin, Orient Tech

At 6:52 AM, GIFT Nifty Futures fell 10 points, trading at 25,008, indicating a flat to negative start for Indian markets.

Vodafone Idea subscribers porting out to BSNL after tariff hike: CEO

Capex into 4G to see 15% capacity rise, 16 million users covered in Q2, Moondra says

India's weight in MSCI EM Index hits 20%; RVNL, Dixon to get huge inflow

Analysts at Nuvama expect an inflow of $281 million in Dixon Technologies as a result, followed by Vodafone Idea at $278 million

RVNL, OIL India, Dixon Tech shares rally 5% after inclusion in MSCI Index

Shares of Rail Vikas Nigam Ltd, Dixon Technologies, and OIL India among others rose up to 5 per cent after their inclusion in the MSCI India index

Vodafone Idea Q1 FY25 results: Net loss narrows to Rs 6,432 crore

Arpu remains stagnant; telco sees 4G subscriber base grow