niftify.in

The Economic Times

AGR curative plea dismissal: Sans relief VIL may face financial crisis in coming yrs, experts say

Relief on the Adjusted Gross Revenue (AGR) front is crucial for Vodafone Idea, as the absence of such relief could lead to a financial crisis by FY26/FY27. The Supreme Court has dismissed pleas from telecom companies seeking correction of alleged computational errors in AGR dues, which could result in significant financial strain.

CNBC TV18

What next for Vodafone Idea shareholders?

Vodafone Idea shares have nearly halved from their recent peak of ₹19.18.

CNBC TV18

From SBI, Axis Bank, PNB and more, these banks have exposure to Vodafone Idea

In a jolt to telecom firms, the Supreme Court has dismissed a batch of pleas filed by companies, including Vodafone Idea and Bharti Airtel, seeking correction of alleged errors in the Adjusted Gross Revenue.

Business Standard

Vodafone Idea Ltd leads losers in 'A' group

Indus Towers Ltd, Chambal Fertilisers & Chemicals Ltd, IIFL Finance Ltd and Nava Ltd are among the other losers in the BSE's 'A' group today, 19 September 2024.

The Economic Times

Vodafone Idea shares fall up to 20% on SC’s AGR plea rejection. Is the worst over?

Vodafone Idea shares plunged 20% after the Supreme Court rejected its plea to recalculate AGR dues. Analysts believe the company will need to raise funds to repay the dues. Competition and tariff hikes may further impact Vodafone Idea's survival.

The Economic Times

Vodafone Idea's ghost of dues is back to haunt struggling telco

Vodafone Idea faces a setback as the Supreme Court rejected its plea for re-computation of Adjusted Gross Revenue dues. The company, already burdened with significant debt and subscriber losses, had hoped for relief to ease its financial strain. The ruling could impact its future fundraising and overall survival in the competitive telecom sector.

Business Standard

Nifty PSU Bank declines 2% amid Vodafone Idea's AGR concerns

Analysts link the index's decline to a major drop in Vi's stock price after the SC rejected telecom companies' plea to re-evaluate AGRs, while also affirming the govt's existing AGR demands.

The Economic Times

Is there a way out for Vodafone Idea after mounting AGR woes? Balaji Subramanian explains

​If you add the spectrum payouts also, the number goes up to a much higher number. So, the company has given these numbers. It would be around Rs 27,000-28,000 crores in FY26. And from FY27 onwards, it would be around Rs 41,000-42,000 crores. So, these are pretty big numbers. And a favourable outcome would have reduced these numbers by around Rs 8,000 crores.

The Economic Times

What should investors do with Vodafone Idea stock? Sushil Choksey answers

Vodafone Idea Share Price: I think a fundraiser will certainly be needed for the company. To survive, they must increase earnings, and competition is already intensifying with the recent tariff hikes. If any one player faces an additional burden, they either risk losing their consumer base, or all three players in the market could raise their rates, in which case the others would benefit.

Business Line

Supreme court rejects telcos' plea on dues owed to govt; Vodafone Idea, Indus Towers shares slide

Shares of Vodafone Idea and Indus Towers slumped around 15% each after the news, while Bharti Airtel briefly turned negative

Business Standard

SC rejects telecom firms' pleas in AGR case; Vi shares plunge 10%

The rejection of the final legal remedy leaves Vodafone Idea with limited options, worsening its financial struggles amid fierce competition and heavy debt

CNBC TV18

Vodafone Idea shares fall below FPO price — How much would an AGR relief benefitted the stock

Out of the 22 analysts that have coverage on Vodafone Idea, 13 of them have a "sell" rating on the stock, four of them have a "buy" rating, while five of them have a "hold" recommendation.

The Economic Times

Vodafone Idea shares crash 15% as SC rejects AGR plea

Vodafone Idea Share Price: Shares of Vodafone Idea fell 15% to Rs 10.96 on NSE after the Supreme Court rejected telecom companies' request for re-computation of Adjusted Gross Revenue (AGR) dues. Vodafone Idea faces a burden of Rs 70,320 crore in AGR dues. Goldman Sachs has set a target price of Rs 2.5, indicating an 83% downside potential.

Business Standard

Vodafone Idea shares tank 10% after SC rejects AGR plea; Airtel pares gains

Vodafone Idea share price plunged 10 per cent to Rs 11.61 per share on the National Stock Exchange (NSE) on Thursday

CNBC TV18

Indus Towers shares in 10% lower circuit: How does the Vodafone Idea setback impact the company

In a note on September 6, global brokerage firm Goldman Sachs had downgraded Indus Towers to 'Sell' from its earlier rating of 'Neutral' citing that the re-rating for the stock is 'overdone'.

The Economic Times

Big blow for telcos as SC rejects AGR re-computation plea; Vi shares crash

The Supreme Court has dismissed pleas by telecom giants Vodafone Idea and Bharti Airtel to re-compute Adjusted Gross Revenue (AGR) dues. The companies sought corrections in the AGR calculations, a penalty reduction, and interest rate adjustments. Vodafone Idea's burden has now increased to Rs 70,320 crore as of FY24.

Mint

Vodafone Idea share price cracks 15% after Supreme Court rejects telcos’ plea on re-computation of AGR dues

Vodafone Idea shares hit 15% lower circuit after the Supreme Court rejected telecom companies' plea on re-computation of adjusted gross revenues (AGR) dues.

CNBC TV18

Vodafone Idea shares tank after AGR dues setback from the Supreme Court

The Supreme Court on Thursday dismissed the curative petitions filed by the telecom companies.

Mint

Vodafone Idea share are down by -1.68%, Nifty up by 0.22%

Vodafone Idea Share Price Today on 18-09-2024: On the last trading day, Vodafone Idea opened at ₹13.12 and closed at ₹12.90. The stock reached a high of ₹13.16 and a low of ₹12.89 during the day.

Business Standard

IdeaForge Technology allots 3,936 equity shares under ESOS

Powered by Capital Market - Live News

The Economic Times

This small cap defence stock has an upside potential of 21%, suggests JM Financial

JM Financial has initiated coverage on ideaForge Technology with a target price of Rs 845, citing its strong technology and global expansion plans. The stock shows a potential 21% upside.

Mint

Boeing Strikers Have Leverage to Extract Meaningful Change

Here’s a novel idea: Force the planemaker to tie extra worker bonuses to share buybacks.

Business Standard

Groundbreaking ceremony for Dharavi redevelopment performed at RPF grounds

The Dharavi Redevelopment Project Pvt Ltd (DRPPL), the firm redeveloping Asia's largest slums, on Thursday performed the groundbreaking ceremony (Bhoomi Poojan) of the Dharavi redevelopment project at the RPF grounds in Matunga. The pooja, conducted in an area called Sector 6, marks the auspicious beginning of the construction of Railway's staff quarters and offices to be handed over to the government, as mandated in the Dharavi Redevelopment tender documents, sources said. Already, the state government-led door-to-door survey to determine eligible and ineligible residents is on with an idea to speed up the redevelopment and to ensure inclusive development. The DRPPL, which is a joint venture between the state government and the Adani Group, has also moved in the direction envisaged by the Maharashtra government, which is on a mission to make Mumbai a slum-free city by 2030. Mapping of the roughly 600 acres of densely populated Dharavi is crucial for the redevelopment that is likel

Business Standard

Civil aviation growth, regional connectivity made air travel inclusive: PM

Prime Minister Narendra Modi on Thursday highlighted the growth of the Indian civil aviation sector and said air travel has become inclusive with the regional air connectivity scheme. Emphasising that the civil aviation sector has a major role in growth and creates many jobs, Modi said efforts should be made to ensure that the skies remain open for all and that people's dream of flying is fulfilled. The Prime Minister was addressing the Second Asia Pacific Ministerial Conference on Civil Aviation in the national capital, where he suggested the idea of having an international Buddhist circuit. Under the regional air connectivity scheme UDAN, which has helped lower middle-class people to fly, 14 million people have travelled by air, Modi said. According to him, a growing middle class and their demand are driving forces for the civil aviation sector, and UDAN has made air travel inclusive. The government is preparing the country for advanced air mobility, and air taxis will be a reali

Mint

Vodafone Idea share are up by 0.61%, Nifty up by 0.28%

Vodafone Idea Share Price Today : On the last trading day, Vodafone Idea opened at ₹13.39 and closed at ₹13.22. The stock reached a high of ₹13.39 and a low of ₹12.83 during the day.

The Economic Times

Airtel dials rivals to form anti-spam front, with DoT and TRAI pushing for a solution

Indian telecom operators are exploring collaboration to tackle spam calls and messages. Bharti Airtel CEO Gopal Vittal has suggested sharing corporate connection details among rivals like Reliance Jio and Vodafone Idea to monitor misuse. This initiative follows government directives aimed at reducing unsolicited commercial communications and emphasizes collective responsibility in addressing the issue.

Business Standard

Accel Atoms 4.0 to invest up to $1 mn in startups focused on 'Bharat', AI

Global venture capital firm Accel on Wednesday announced the launch of Accel Atoms 4.0, the fourth edition of its pre-seed scaling programme, Accel Atoms, that offers chosen startups up to USD 1 million funding along with perks of over USD 5 million from Accel network partners. Accel Atoms 4.0 builds on the success of three previous editions, and is designed to make the journey as frictionless as possible for visionary founders and promising entrepreneurs operating in the two distinct cohorts of AI and Bharat, the VC firm said in a release. Accel Atoms 4.0 is inviting applications from two categories of pre-seed startups - those building for Bharat', and AI (Artificial Intelligence), it said. Applications for the programme open on September 16. Accel defines Bharat' as the middle-income households spread across Tier 2, Tier 3, and rural India. Startups at the pre-seed stage, including idea-stage and pre-product companies, are eligible to apply for this rigorous three-month hybrid .

The Economic Times

Gainers & Losers: Vodafone Idea, Tata Motors among 8 stocks in limelight on Wednesday

Indian benchmark equity indices ended lower on Wednesday in a highly volatile session, weighed down by auto, metal, and banking stocks.

Business Standard

As PSBs put Voda Idea loan on hold, will the stock drop below Rs 10?

Technical outlook on Vodafone Idea: The stock is trading with a weak bias below its 200-DMA after a gap of 14 months; it needs to break above Rs 15.40 for the sentiment to revive, suggests chart.

The Economic Times

Vodafone Idea shares nosedive 16% in a month. What should investors do?

VI Share Price: Vodafone Idea shares have dropped 16% in a month and 20% this year, following Goldman Sachs' negative outlook. The brokerage firm predicts further market share loss despite recent capital raises. Analysts suggest the stock is volatile with support at Rs 11.80, but caution about potential further declines.

CNBC TV18

CNBC-TV18 Morning Call: US Presidential Debate, Vodafone Idea promoters raise stake and more

From live updates of the US Presidential Debate to the latest market cues, catch all the global and local updates on CNBC-TV18 Morning Call.

The Economic Times

Stocks in news: HDFC Bank, Vodafone Idea, Dr Reddy's, RIL, IndiGo

Stocks in news: Domestic markets continued their rebound, gaining nearly half a percent on Tuesday, driven by a recovery in global indices. Key stocks like HDFC Bank, Vodafone Idea, Dr Reddy's, Reliance Industries, and IndiGo will be in focus due to various developments including loans, penalties, and regulatory clarifications.

The Economic Times

Trai SMS to DoT: Use bank guarantees to recover fine from telcos over spam

Trai took the step after the telcos did not pay up despite several reminders over the last few years. The maximum amount needs to be paid by state-run Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL), amounting to around Rs 50 crore for defaults over 8-10 years, followed by Bharti Airtel (Rs 20 crore), Vodafone Idea (Rs 15 crore) and Reliance Jio (Rs 12 crore). The private telcos haven’t paid penalties for a period of 10 months to three years, said an official.

The Economic Times

Kumar Mangalam Birla raises stake in Vi, buys 1.86 crore shares

Kumar Mangalam Birla, chairman of the Aditya Birla Group, has increased his stake in Vodafone Idea by purchasing 1.86 crore shares. His investment vehicle also acquired 30 lakh shares. This move comes as Vodafone Idea seeks to raise Rs 25,000 crore in debt and Rs 24,000 crore in equity funding.

CNBC TV18

Kumar Mangalam Birla buys 1.86 crore Vodafone Idea shares on September 6, official data shows

September 6 is the day when shares of Vodafone Idea had declined over 11% after brokerage firm Goldman Sachs had maintained its "sell" rating on the telecom service provider and projected a price target of ₹2.5 on the stock.

Hindustan Times

Apple Watch tracks sleep apnoea, AirPods as hearing aids & an idea of disruption

It is a clear intent to deploy wearables including the Apple Watch and AirPods to do more in terms of health and wellness tracking for users, building on the Watch’s extensive fitness suite

CNBC TV18

Vodafone Idea's next target are these 33 million users

Vodafone Idea wants to upsell 4G services to a cohort of over 83 million users that are still on 2G or 3G. This would help the struggling operator increase average revenue per user without tariff hikes. Meanwhile, competitors Reliance Jio and Airtel are targetting higher-value customers and hoping for space to increase tariffs.

The Economic Times

Centre to expand semiconductor scheme, looks to get raw material suppliers: ISM chief

“When we started ISM, the idea was that we need to support this industry for at least 10 years till we become mature. So, of course, we need to expand it. We need to (expand it) since out of this (ISM Phase one) fund, a lot has been committed for the projects which we have sanctioned,” Tripathi told reporters at an event here in the city on Monday.

Mint

Call waiting: How Vodafone Idea can claw its way back

Slowly but surely, Vodafone Idea is getting its act together. The company recently raised capital, converted dues into equity and is planning to raise more debt. But will this be enough to take on Mukesh Ambani’s Jio and Sunil Bharti Mittal’s Airtel?

The Economic Times

SBI, Voda Idea shares tumble after Goldman's rating action

On Vi, it maintained its sell rating, while raising the price target to ₹2.5 from ₹2.2, implying a downside of 81.4% from Friday's closing of ₹13.43. Vodafone shares plunged 11% on Friday.