MD and CEO Nitin Chugh of Ujjivan Small Finance Bank has resigned from the bank and his tenure will come to an end on September 30
Telco claims dues paid for first quarter
VIL is in the grip of an existential crisis, and the debt-ridden telco's Q1 earnings and June quarter operational metrics, announced on Saturday, had left analysts disappointed
While Vi has lagged in spectrum addition and infrastructure augmentation, its 4G data experience has performed well at times
The Nifty Metal index skidded 2.5 per cent
Oil Marketing Companies may be on investor radar today after Finance Minister Nirmala Sitharaman said on Monday that the Centre had little room to cut excise duty on petrol and diesel
Fall in 4G customers is a concern as Airtel continues to increase its share
Finance Minister Nirmala Sitharaman on Monday said a "lot of officials" were talking to each other but nothing has come to her.
For telcos speed with which they can grab or upgrade more customers to 4G has been the key for improved ARPUs, especially when tariffs have been stable for over 18 months except for some recent tweaks
Amid an existential struggle, Vodafone Idea on Monday said while its recent tariff tweaks are steps in the right direction, such changes are not enough to solve the industry's structural issues
In its note ICICI Securities said it sees 'high risk and huge concern for VIL' and it has put VIL's estimates, rating and target price under review until further clarity
The advance-decline ratio remained skewed in favour of seller, highlighting underlying bearishness in market.
Oil and Natural Gas Corp's net profit soared by nearly 800 per cent in the first quarter of the current fiscal after more than doubling of oil prices compensated for a fall in production
The sequential fall in 4G subscribers was modest, indicating that most of the subscriber loss was in the low-margin 2G segment
On a sequential basis, however, it was a weak showing and the loss widened from Rs 7,022 crore due to lower revenue
The consolidated revenue from operations ofVIL declined by about 14 per cent to Rs 9,152.3 crore during the quarter from Rs 10,659.3 crore in corresponding quarter of 2020-21
Vodafone Idea Q1 Preview: Voda Idea's fundraising plans and commentary on average revenue per user (ARPU) trajectory ahead will remain key monitorables for experts and investors alike
The problem could be Vodafone Idea's 154 million 2G customers
Vodafone Idea CEO Ravinder Takkar has reached out to consumers reaffirming the telcos' commitment to continue providing "superior services and best-in-class propositions"
Last week, Kumar Mangalam Birla stepped down as non-executive chairman of Vi after offering to give up his stake in the telecom company