Stage Financial News

Vodafone Idea Ltd (VIL) plans to raise up to Rs 2,458 crore through a preferential share issue to its two European equipment vendors Nokia and Ericsson, clearing a part of their pending dues and setting the stage for the struggling telco’s 4G expansion and 5G rollout. The board of directors of VIL approved a preferential allotment of 1.66 billion equity shares at Rs 14.80 per share to Finland’s Nokia and Sweden’s Ericsson, for a total of up to Rs 2,458 crore, the company said in a statement Thursday. Nokia will invest up to Rs 1,520 crore and Ericsson up to Rs 938 crore. The issue price is 35% higher than that in the April follow-on offer (FPO) of Rs 11 a share and comes with a lock-in period of six months.

Scotland, Taylor Swift was spotted wiping her nose with her Eras Tour attire in the 48–50 degree Fahrenheit temperature. A fan's video showed her doing this onstage, reports 'Page Six'.

Colin Bridgerton and Penelope Featherington, attention is already shifting towards the future. The much-loved Netflix series, known for its opulent settings and intricate romances, is set to return with Season 4. Showrunner Jess Brownell has hinted that the upcoming season will be some of her best work yet.

Vodafone Idea (Vi) plans to raise upto Rs 2,458 crore through a preferential issue of equity shares to its two European gear vendors Nokia and Ericsson, clearing part of their pending dues and setting stage for Vi’s 4G expansion and 5G rollout. “The Board of Directors of Vodafone Idea Limited (“VIL” or the “Company”), today approved preferential allotment of ~166 Crore equity shares of face value of Rs. 10/- each, at an issue price of Rs. 14.80 per share, for an aggregate consideration of up to Rs. 2,458 crore, to two of its key vendors, Nokia Solutions and Networks India Private Limited (“Nokia”) and Ericsson India Private Limited (“Ericsson”),” Vi said in a statement on Thursday.

CNBC Make It, Whole Foods CEO Jason Buechel highlighted a critical issue he often observes in employees: an unwavering belief in their own knowledge. Buechel views this attitude as detrimental not only to individual growth but also to the progress of the organization. Buechel emphasized the need for adaptability in today's rapidly changing world, acknowledging his own past struggles with inflexibility. He stressed the importance of considering different perspectives, noting that failure to do so can hinder personal and professional growth.

Super 8 stage, while some need to depend on the performance of other teams to work in their favour. Let's go, groupwise and in Group A- India has already made it to the Super 8 stage, while the United States is very close to becoming the second qualifier as they just need to defeat Ireland, and after seeing their performance against Pakistan and India, their victory is highly likely. After a big upset against the USA, Pakistan also needs to defeat Ireland and then pray that Ireland defeats the USA so that they can have a chance in the Super 8.

Multimillion-dollar works by Jean-Michel Basquiat, Yayoi Kusama and Alberto Giacometti went on the market as the Art Basel fair opened in Switzerland

The marvellous match between India and USA ends with a win to Men in Blue with Arshdeep Singh’s precision and Suryakumar Yadav’s composure led India to a seven-wicket victory, securing a spot in the Super Eight of the T20 World Cup on Wednesday. Arshdeep’s career-best 4 for 9 restricted the USA to a manageable 110 for 8, setting the stage for India’s chase.

A key measure of underlying US inflation stepped down for a second month in May, a pleasant surprise for Federal Reserve officials looking for signs that they can start to lower interest rates.  

Tata Motors share price gains as brokerages maintain bullish stance; stock up 7% in one weekHaldiram’s received bids in May from a Blackstone Inc.-led consortium, which included the Abu Dhabi Investment Authority and GIC Pte, as well as from a consortium led by Bain & Co. and Temasek Holdings Pte, according to local media reports.The IPO considerations are still in the preliminary stages, and the controlling shareholders might still choose to lower their asking price and proceed with a sale, the sources added.India has become a hotspot for IPOs, raising approximately $3.9 billion so far this year—double the amount raised during the same period in 2023 and surpassing the combined totals of Hong Kong and Korea, according to data compiled by Bloomberg.Also read: Multibagger alert! Kesar India share price skyrockets over 3600% in 2 years.

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Netflix series "Arcane" will conclude with its upcoming Season 2 in November. However, this marks the beginning of more stories within the "League of Legends" world by Riot Games and Fortiche.

Financial Times in April 2023 itself that he would “100 percent bid for the lithium blocks" a claim he would reiterate in March 2024. Hindalco Industries, Ola Electric, Vedanta Group and Shree Cement were some of the other interested parties. State-run Coal India Ltd, forever looking to diversify beyond coal, also showed interest.

NEW DELHI:Six-time member of Parliament Jyotiraditya M. Scindia is not new to the telecom ministry.

Mnatsakanian took on the role in January last year, charged with leading the expansion of UBS AM's impact investing offering, research and impact measurement capabilities. Her departure comes amid a sweep of senior changes at UBS as the lender enters the final stages of its takeover of Credit Suisse. The formal merger of UBS AG and Credit Suisse AG — the former owner of Credit Suisse bank — completed on Friday (31 May). Credit Suisse CEO steps down in major UBS board shake-up A spokesperson for UBS AM said the firm was still solidifying its respective teams by «bringing together th...

₹3,500 crore.Geoffrey Nagpal and family, who own the company, may retain a minority stake and run the business for a short while after the sale, the people said on the condition of anonymity.“Warburg is the front runner. Multiples Alternate Asset Management has also reached the advanced stage and has bid alongside its limited partners (LPs) to acquire the controlling stake," one of the two people cited above said.Both Warburg Pincus and Multiples are planning to invest from their new funds closed recently.While Warburg is investing from its Warburg Pincus Global Growth 14 fund which has a $17.3 billion war chest, Multiples is investing from its $640 million fourth fund.

The ministry of corporate affairs recently closed public consultations on the draft Digital Competition Bill (DCB) and the findings of the Committee on Digital Competition Law (CDCL). The CDCL emphasized the importance of a robust framework to support the rapid expansion of the digital ecosystem in India and recommended the introduction of ex-ante measures in form of the DCB to complement the existing ex-post framework under the Competition Act.

India will host next year's men's Junior Hockey World Cup, the Executive Board of the International Hockey Federation announced on Tuesday. The tournament will be held in December and it will be the first time ever that a Hockey Junior World Cup will include as many as 24 teams.

IIFL Fintech Fund - India's only early-stage fintech-focused fund backed by a financial services conglomerate – the IIFL Group, has delivered a stellar performance showcasing strong investment acumen of the fund management team during turbulent industry scenario. The fund is over two-year old and is invested across 14 portfolio companies. It has a 0% Deadpool (Deadpool means failed startups) till now and 40% of its portfolio is EBIDTA positive.

₹7.7 at the end of March 2024.Overall, year-to-date, the stock has surged over 211 percent, while over the past year, it has soared by 359 percent.After a 130.64 percent rally in May and a 44.55 percent jump in April, the stock has advanced 12.5 percent in June so far. However, it experienced losses of 18 percent in March and 16.8 percent in February.

Organizers for the proposed 2034 Winter Olympics in Salt Lake City released their first budget estimate, projecting total costs of just under $4 billion, with $2.84 billion slated for operational costs