Stock market LIVE: In the broader markets, the BSE MidCap and SmallCap indices declined over 1 per cent each
From 12 major telecom players, we are down to just three. Let's take a look at long-term measures the government can take to boost the health of industry.
Conversion of debt of the stressed telecom player Vodafone Idea Ltd (VIL) into equity could be an option to emerge out of the crisis, lenders led by SBI have suggested to DoT
Power Finance Corporation (PFC) has increased its global medium-term note programme from USD 5 billion to USD 8 billion
In a major development, the government on Thursday introduced an amendment to do away with the contentious retrospective tax demand provisions.
Business Standard brings you the top headlines on Friday
Over the years, Vodafone PLC has invested $30 billion in Vodafone India and has written off the entire investment
The two firms' revenue market share has risen 1,300 bps in two years
The BSE MidCap added 0.10 per cent but the BSE SmallCap index slipped 0.43 per cent
SBI share price skidded 3 per cent to Rs 443 on the BSE in the intra-day trade today as analysts worry that Voda Idea's precarious position may hit the lender's asset quality going ahead
The changes come at a time when Vi is struggling to stay afloat
Hindustan Petroleum Corporation reported a 36 per cent YoY drop in its June quarter net profit
Business Standard brings you the top headlines on Thursday
Birla Group Chief Financial Officer Sushil Agarwal has been named additional director on the Vi board
Vodafone Idea is pushing for a third concession. It is hoping the government will pay the GST refunds
Vi shares plunge 18% after ABG's offer to hand over 27% stake gratis
Lenders to Vodafone Idea (VIL) are expected to hold talks to decide on the future course of action with regard to their exposure to the debt-laden telecom player which is struggling to stay afloat
Himanshu Kapania, currently a non-executive director, has been appointed as non-executive chairman
The broader market, however, saw profit booking as, both, the BSE Mid and SmallCap indices declined 1 per cent each.
Indus' share price has underperformed the market owing to concerns over its key tenant Vodafone Idea's survival