The Sensex and Nifty are poised to open on a soft note on Wednesday, tracking mixed cues from global peers as looming fear about aggressive rate hikes weighed on investors’ sentiments.
Revenue of the company rose 6.46% year-on-year to ₹10,240 crore during the quarter ended March 2022.
The BSE Sensex and the NSE Nifty are expected to open on a soft note on Tuesday, following weak cues from Asia peers and bearish trends on the SGX Nifty futures.
The BSE Sensex and the NSE Nifty are poised to fall on Friday, following sharp losses across Asia and negative trends on SGX Nifty futures.
The deal comes with a stipulation that the proceeds shall be used to induce fresh equity in Vodafone Idea and simultaneously remitted to Indus Towers.
While absolutely necessary to ensure a sensible economic model, tariff hikes will be in the range of 20-25%, implemented gradually.
The BSE Sensex declined more than 2,000 points intraday, while all 30 index heavyweights ended in red.
The prepayment of deferred spectrum liabilities will result in interest cost savings of around ₹1,200 crore annually, at the current interest rates.
Government's 35.8% stake in Vodafone Idea after the interest-to-equity conversion will be representational; no clarity on exit options yet.
Apart from handholding a stressed industry, the larger question is—what does GoI hope to achieve by owning a stake in a standalone telco?
