The company's revenue from operations rose 14% to Rs 10,410 cr
CLOSING BELL: All sectors, except IT and Financial Services, witnessed selling pressure today, led by auto, pharma, and public sector banks
Stocks to Watch today: Uber has decided to put its entire 7.8 per cent stake in Zomato on the block, according to sources.
The government on late Tuesday increased the windfall tax on domestically produced crude to Rs 17,750 a tonne from Rs 17,000 a tonne earlier
Telecom analysts say the industry is moving into a duopoly with Reliance Jio (Jio) and Bharti Airtel (Airtel) taking the lead
In the 2022 5G Spectrum auction, Reliance Jio emerged as the top buyer in the auction of airwaves, spending over Rs 88,000 crore, more than half the total bidding amount of Rs 1.5 trillion
Vodafone Idea is slated to report its Q1FY23 earnings on August 3, whereas Bharti Airtel would report its results on August 8
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.