Page 4 - Vodafone India

Govt's dues conversion into 33% stake to be completed in coming weeks: VIL

Debt-ridden telecom operator Vodafone Idea expects the government to complete conversion of around Rs 16,100 crore dues into 33 per cent stake in the company in the coming weeks, a top official said

Vodafone Idea shares give up early profits; end 1% lower at close

Shares of telecom operator Vodafone Idea gave up early gains and settled 1 per cent lower amid profit-taking on Wednesday. In early trade, it had gained 4 per cent, a day after the company reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March 2022. The stock jumped 3.31 per cent to Rs 9.03 during the day on the BSE. However, later it gave up early gains and settled at Rs 8.65 apiece, down 1.03 per cent. On the NSE, it dipped 0.57 per cent to end at Rs 8.65 apiece. On Tuesday, Vodafone Idea reported narrowing of its consolidated losses to Rs 6,563.1 crore for the fourth quarter ended March, compared to the same period of the previous year, while its realisation per user or ARPU improved sharply on a sequential basis aided by November tariff hikes. VIL's losses were at Rs 7,022.8 crore a year ago, as per a company filing. Its revenue from operations rose 6.6 per cent year-on-year to Rs 10,239.5 crore in the fourth quarter of FY22. Seen

Vodafone raises stake in debt-ridden Vi to 47.61% through Prime Metals

The company earlier held 44.39 per cent stake in Vodafone Idea Limited (VIL)

Airtel to acquire Vodafone's 4.7% stake in Indus Towers for Rs 2,388 cr

Telecom company Bharti Airtel will acquire a 4.7 per cent stake in Indus Towers from Vodafone Group for about Rs 2,388 crore, according to a company filing

VIL realigns consumer digital function to drive scale, pace of delivery

Telecom operator Vodafone Idea is re-aligning and streamlining its consumer digital resources to sharpen focus on driving operational scale and pace of delivery

Voda Idea, Burger King, ICICI Bank: Strategies for result-driven stocks

Follow-up buying in some of these stocks can see them move up in the sessions ahead. However, investors need to be mindful of the overall market volatility besides the technical setup

Sensex dips 427 pts, Nifty below 17,650; HUL adds 3%, Bajaj Finserv down 5%

Stock market LIVE: Sectorally, auto and FMCG were the only gainers on the Nifty wherein the latter was supported by gains in HUL and Asian Paints on the back of their strong Q3 results.

Vodafone Idea, Tata Teleservices, TTML will not become PSUs: Govt

Telecom operators Vodafone Idea Ltd, Tata Teleservices Ltd and Tata Teleservices (Maharashtra) Ltd will not become PSUs after their interest payable on dues are converted into government equity

Vodafone Idea to hike tariff by 20-25% from Nov 25, follows Airtel

Vodafone Idea is increasing prepaid tariffs by 20-25 per cent and top-up plan tariffs by 19-21 per cent.

Top headlines: Setback for FRL in Amazon dispute; Vi accepts moratorium

Business Standard brings you the top stories from today

Airtel, Vodafone Idea move telecom tribunal against DoT's demand notice

DoT had recently issued demand notices to both the telcos to pay cumulative Rs 3,050 crore in penalties in three weeks' time for violating norms by denying Reliance Jio PoIs way back in 2016

DoT cuts bank guarantee requirement for telecom operators by 80%

Telecom firms will now provide a performance bank guarantee of up to Rs 44 crore for each service for the licence compared to Rs 220 crore mandated

Breather for telecom companies as govt reviews stand on SUC dues

Recovery of one-time spectrum charges to be reconsidered

Vi has fastest 4G speeds, but bleeding subscribers: OpenSignal report

Jio continues to lead in both 4G access and 4G coverage

Relief rally in telcos to continue; tech charts signal 25% upside in Vi

The BSE telecom index has touched a new all-time high on Thursday, suggesting positive sentiment over the next few sessions

Sensex ends at record high, up 476 pts; Voda Idea gains 3% on govt relief

Both Sensex and Nifty hit fresh record highs in intra-day deals on Wednesday

Sensex snaps 3-day winning run, slips 17 pts; Realty index sheds 2%, IT 1%

Investors looked to lock in gains after the recent rally but most dips were bought into, which left indices unchanged at close.

Get more judges: Bankruptcy logjams make India no country for dying firms

Across India, 27 bankruptcy tribunals are being run by 29 judges; at least 25 short of what's required.

Saving Vodafone Idea and the 'precarious' case of Indian telecom

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.

Scrapping retrospective tax may not be enough to repair India's reputation

Political executive will need to strive for a fairer playing field, writes Andy Mukherjee.