The amount earned is far higher than what the government had anticipated and the most compared to the seven auctions since 2010
Despite the buzz in the telecom sector with the ongoing 5G spectrum auction, Bharti Airtel and Voda Idea need to break and sustain above their respective 200-DMAs for hopes a rally to emerge.
The Adanis, after the initial noise as to whether it will get into mobile telephony, will stay clear of consumer 5G mobile
Takes over from Ravinder Takkar, whose three-year term ends on August 18
Vodafone Idea announced the elevation of present chief financial officer Akshay Moondra as its new chief executive officer with effect from August 19, the company said in a regulatory filing.
CLOSING BELL: The frontline indices climbed on the back of gains in Infosys, ICICI Bank, Kotak Bank, TCS, Axis Bank, L&T, SBI, and Reliance Industries
Debt-ridden telecom operator Vodafone Idea's shareholders have approved equity allocation worth Rs 436.21 crore to its promoter entity, the Vodafone Group
Just the threat that Adani might eventually come after the $2-per-month customer could see capital-starved Vodafone Idea buckle, in which case he could swoop in on it later
Billionaire Gautam Adani-led Adani Data Networks, Reliance Jio, Bharti Airtel and Vodafone Idea have applied to participate in the upcoming 5G auction
Airtel stock fell over 5%, while RIL closed 1.3% higher after being down for most of the day
Has option to convert interest on deferred amount into additional equity to govt
Vodafone Idea will seek shareholders' nod to raise Rs 436 crore from its promoter group Vodafone in an extraordinary general meeting to be held on July 15, company said in a regulatory filing
Stocks to Watch today: The US FDA has issued Glenmark Pharma form 483 with 6 observations for its Baddi Unit, which was inspected between June 13-22, 2022.
Despite an ongoing recovery in the telecom sector, analysts believe the stock performance of Vodafone Idea and Bharti Airtel may remain sluggish in the near term. Details here
Despite an ongoing recovery in the telecom sector, analysts believe the stock performance of Vodafone Idea and Bharti Airtel may remain sluggish in the near term. Details here
CLOSING BELL: Beaten down PSB, Metal, and Energy (Oil and Gas) indices rose the most in today's trade. Related indices advanced between 4 per cent and 4.5 per cent
With organic cash flow, ongoing rights issue, strategic stake sale, improved market structure in India wireless, and easier 5G spectrum payment terms, Bharti remains well-placed to compete with R-Jio
The infusion, the second in two months, comes ahead of the 5G spectrum auction that will see Indian telecom companies battle for airwaves in multiple bands
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The fundraising will be through the issuance of equity shares or convertible warrants on a preferential basis to one or more entities belonging to Vodafone Group (one of the promoters of the company).