Indus Financial News

Subscribe to enjoy similar stories.Rishu Goswami farms six acres of land in Bilawar, a village in Kathua district of Jammu and Kashmir. Agriculture is his only income. For years, he has watched it rain at the wrong time.“It no longer rains as it used to,” he said.

₹7 crore and ₹10 crore, comparable with the price of a high-end apartment in South Delhi or South Mumbai. People are moving to these places for a relaxed pace of life. This is the reason for the 65% year-on-year rise in real estate prices in this sleepy, peaceful coastal province.Goa isn’t alone.

Subscribe to enjoy similar stories. NEW DELHI: Ola Electric Mobility founder and chairman Bhavish Aggarwal has pledged an additional 3% of his stake in the listed electric two-wheeler company to top up collateral against loans taken, as the stock continues to slide. Shares hit an all-time low of ₹33.20 per share on 9 December.

Subscribe to enjoy similar stories. Shares of Indus Towers Ltd, Bharti Airtel Ltd’s telecom infrastructure subsidiary, have put up a good showing lately, gaining close to 30% from their 52-week low of ₹312.55 on 3 September. Indus has been recovering long-pending dues from Vodafone Idea Ltd.

household indebtedness, the Congress on Thursday said the root cause of such a «deep-seated» malaise was the stagnation in real wages and claimed the government had failed to acknowledge the «crisis». Congress general secretary in-charge communications Jairam Ramesh cited the recently-released Indus Valley Annual Report 2025, an examination of India's economic landscape and start-up ecosystem by VC firm Blume Ventures, to attack the government.

Singapore Telecommunications (Singtel) said Bharti Telecom’s net loss widened in the fiscal third quarter due to the latter’s higher finance expenses from extra borrowings to buy more Bharti Airtel shares. Singtel holds a 49.44% stake in Bharti Telecom (BTL) — the main promoter-level controlling company of Sunil Mittal-led Airtel. The Mittal family-backed Bharti Group owns a majority 50.56% stake in BTL.

JSW Energy on Friday said its arm, JSW Neo Energy, has inked a power purchase agreement with AEI New Energy Trading Private Ltd (Amazon) for 180 MW wind power.

Indus Towers will acquire a 26% stake in Amplus Tungabhadra Pvt Ltd, a special purpose vehicle (SPV) involved in the renewable energy space, for a cash consideration of Rs 27 crore, the telecom tower company informed exchanges Tuesday early morning.

JSW Steel, Adani Green, Indus Towers, Dr Reddy's, Patanjali Foods among others will be in focus due to various news developments and third quarter results. IndiGo, JSW Steel, DLF, Godrej Consumer Shares of IndiGo, JSW Steel, DLF and Godrej Consumer will be in focus as the companies will announce their third quarter results later today.

Vodafone Idea (Vi) has cleared Rs 1,910 crore of its old dues to Indus Towers using the cash raised by recently issuing fresh equity on a preferential basis to its UK co-promoter, Vodafone Group Plc. Following the fresh capital infusion, Vodafone Plc’s stake in Vi — its Indian telecom joint venture with the Aditya Birla Group — has risen to 24.39% from 22.56%. The acquiring Vodafone promoter entities in Vi are Omega Telecom Holdings Pvt Ltd and Usha Martin Telematics Ltd. “…Vodafone Promoters have utilised the proceeds amounting to Rs 1,910 crore, post-repayment of outstanding borrowing to their existing lenders, to acquire shares in Vi. Further, the proceeds of such capital raise have been received by the Company (read: Indus) from Vi towards part-repayment of the MSA (master service agreement) dues,” Indus Towers said in an exchange filing Friday.

Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing. "Vodafone Group Plc announces that it has successfully completed the placing of its remaining 79.2 million shares in Indus Towers Limited («Indus») representing 3.0 per cent of Indus' outstanding share capital through an accelerated book build offering on 5 December 2024," the filing said.

Bharti Airtel as its top pick in India’s telecom sector while highlighting growth opportunities for Indus Towers, Tata Communications, Bharti Hexacom, Sterlite Technologies, and Vodafone Idea, citing tariff hikes, rising data penetration, and the anticipated Reliance Jio IPO as key catalysts. Bharti Airtel remains the star performer, supported by its strong market position, premium subscriber base, and strategic 5G rollout. CLSA has set a target price of Rs 1,860 for Bharti Airtel, expecting its average revenue per user (Arpu) to reach Rs 290 by FY27.

Indus valley script remains an unsolved riddle for over a century, Tamil Nadu Chief Minister M K Stalin said here on Sunday and announced a prize of US dollar 1 million to those who decipher it. Stalin said the Indus Valley Civilisation's (IVC) discovery announcement by Sir John Marshall in 1924 was a turning point in the history of the Indian subcontinent, which altered the understanding of the country's past.

Vodafone Idea shares surged 7% intraday Monday after the government waived off the need for bank guarantees, a move that, analysts said, is expected to unblock the telco’s road to raise fresh bank funding and also benefit its tower vendor Indus Towers.

Subscribe to enjoy similar stories. While writing a letter to a friend from college, the late David Foster Wallace came up with the line “Every love story is a ghost story", which later became the name of DT Max’s biography of Wallace. I was reminded of this line and its semantic genius (both love and ghosts are the sworn enemies of reason) more than once as I read Akhil Katyal’s recently released collection of poems, The Last Time I Saw You.

Rail Vikas Nigam, ICICI Prudential, Polycab India, Cummins India and Indus Towers are likely to be categorised as large caps by the Association of Mutual Funds in India (AMFI) in its semi-annual classification of stocks, according to a report by Nuvama Institutional Equities.

Subscribe to enjoy similar stories. Fish is the most common and recurring symbol in the Indus valley seals, which were used for trade purposes. Many of these seals have also been found at other contemporaneous sites in Mesopotamia, Egypt, and Iran.

Subscribe to enjoy similar stories. Indus Towers Ltd is set to get some relief from Vodafone Plc’s announcement that it will sell its stake of 3% in the company. Out of the estimated proceeds worth ₹2,800 crore, an amount of ₹1,900 crore would be used to repay Vodafone Idea Ltd’s (Vi) past dues to Indus, which stood at ₹3,500 crore in September.

Debt-laden telecom company Vodafone Idea is in the spotlight after announcing that its board will consider a proposal to raise Rs 2,000 crore from Vodafone Group entities. This comes as Vodafone Group plans to sell a 3% stake in Indus Towers to clear its USD 101 million (approximately Rs 856 crore) debt and channel the remaining proceeds toward its Indian venture, Vodafone Idea. "… a meeting of the Board of Directors of the Company is scheduled to be held on Monday, 9 December 2024, inter-alia, to consider proposal for raising of funds not exceeding Rs 2,000 crore, by way of issuance of equity shares and / or convertible securities on a preferential basis to one or more entities belonging to Vodafone Group," the company said in a filing.