Vodafone Financial News

Shares of IndusInd Bank(up 1.54 per cent) ended the day as top gainers in the pack. On the other hand, AU Small Finance Bank(down 2.16 per cent), Kotak Mahindra Bank(down 1.67 per cent), Bandhan Bank(down 1.51 per cent), Bank of Baroda(down 1.11 per cent) and Axis Bank(down 1.08 per cent) finished as the top losers of the day.

Shares of Coforge(up 1.56 per cent), Tech Mahindra(up 0.64 per cent), Wipro(up 0.2 per cent) and LTIMindtree Ltd(up 0.05 per cent) ended the day as top gainers in the pack. On the other hand, L&T Technology(down 1.07 per cent), HCL Technologies(down 0.86 per cent), MPhasis(down 0.61 per cent), Tata Consultancy(down 0.59 per cent) and Infosys(down 0.38 per cent) finished as the top losers of the day.

Brigade Enterprises(up 1.29 per cent), Phoenix Mills(up 1.27 per cent), SOBHA(up 0.72 per cent), Mahindra Lifespace Developers(up 0.61 per cent) and Indiabulls Real Estate(up 0.07 per cent) were among the top gainers. Prestige Estates Projects(down 3.2 per cent), Macrotech Developers(down 0.84 per cent) and Oberoi Realty(down 0.56 per cent) were the top losers on the index.

Coforge(up 1.47 per cent), LTIMindtree Ltd(up 0.68 per cent), Wipro(up 0.45 per cent), L&T Technology(up 0.42 per cent) and Persistent Systems(up 0.19 per cent) were among the top gainers. HCL Technologies(down 0.8 per cent), Tata Consultancy(down 0.66 per cent), MPhasis(down 0.57 per cent) and Infosys(down 0.14 per cent) were the top losers on the index.

Vodafone Idea (Vi) and Adani Data Networks are unlikely to be given any extension or exemption from meeting the minimum rollout obligations related to 5G airwaves in the mid band (3300-3600 MHz) and 26 GHz bands and may need to pay financial penalties for the circles that they don't meet the milestones. As per officials, the two firms had sought relaxations for meeting 5G minimum roll out norms.

Shares of Punjab National Bank(up 2.9 per cent), Bank of Baroda(up 2.88 per cent), Bandhan Bank(up 1.65 per cent), Federal Bank(up 1.04 per cent) and State Bank of India(up 0.92 per cent) ended the day as top gainers in the pack. On the other hand, IndusInd Bank(down 0.8 per cent), AU Small Finance Bank(down 0.71 per cent), IDFCBANK(down 0.23 per cent), Kotak Mahindra Bank(down 0.19 per cent) and HDFC Bank(down 0.08 per cent) finished as the top losers of the day.

Hero MotoCorp(up 4.08 per cent), Samvardhana Motherson International(up 0.71 per cent), Tata Motors(up 0.62 per cent), Maruti Suzuki(up 0.55 per cent) and Ashok Leyland(up 0.46 per cent) were among the top gainers. MRF(down 1.43 per cent), TIINDIA(down 1.3 per cent), Mahindra & Mahindra(down 1.22 per cent), Bharat Forge(down 0.41 per cent) and Eicher Motors(down 0.35 per cent) were the top losers on the index.

Phoenix Mills(up 3.2 per cent), Brigade Enterprises(up 0.54 per cent), Oberoi Realty(up 0.4 per cent), DLF(up 0.07 per cent) and Macrotech Developers(up 0.01 per cent) were among the top gainers. SOBHA(down 3.11 per cent), Godrej Properties(down 0.23 per cent), Prestige Estates Projects(down 0.21 per cent), Indiabulls Real Estate(down 0.07 per cent) and Mahindra Lifespace Developers(down 0.02 per cent) were the top losers on the index.

Shares of Sanofi India(up 5.15 per cent), Divis Laboratories(up 4.41 per cent), Aurobindo Pharma(up 3.17 per cent), Biocon(up 3.1 per cent) and Ipca Laboratories(up 2.4 per cent) ended the day as top gainers in the pack. On the other hand, Pfizer(down 0.58 per cent), Torrent Pharmaceuticals(down 0.52 per cent), Dr Reddys Laboratories(down 0.33 per cent) and Glaxosmithkline Pharmaceuticals(down 0.18 per cent) finished as the top losers of the day.

Shares of Mahindra & Mahindra(up 4.25 per cent), Samvardhana Motherson International(up 2.02 per cent), Maruti Suzuki(up 0.56 per cent), Hero MotoCorp(up 0.32 per cent) and Ashok Leyland(up 0.3 per cent) ended the day as top gainers in the pack. On the other hand, Balkrishna Industries(down 4.52 per cent), MRF(down 2.77 per cent), TVS Motor Company(down 1.36 per cent), TIINDIA(down 1.29 per cent) and Tata Motors(down 0.89 per cent) finished as the top losers of the day.

MPhasis(up 0.61 per cent), Tech Mahindra(up 0.5 per cent), Persistent Systems(up 0.42 per cent), HCL Technologies(up 0.41 per cent) and Wipro(up 0.38 per cent) were among the top gainers. L&T Technology(down 0.86 per cent) were the top losers on the index.

ICICI Bank(up 0.74 per cent), Punjab National Bank(up 0.58 per cent), Bank of Baroda(up 0.39 per cent), HDFC Bank(up 0.37 per cent) and IDFCBANK(up 0.17 per cent) were among the top gainers. AU Small Finance Bank(down 1.35 per cent), IndusInd Bank(down 0.6 per cent), Federal Bank(down 0.52 per cent), State Bank of India(down 0.51 per cent) and Bandhan Bank(down 0.46 per cent) were the top losers on the index.

Bharti Airtel has no plans to launch a locked feature phone device like the Jio Bharat device by competitor Reliance Jio last month, chief executive Gopal Vittal said, adding that the telco does not see a significant impact on its 2G user base. The country’s second largest telco said the contribution of the feature phone market to its overall revenue is 18%, and Airtel’s focus is to drive premiumisation by upgrading these users to 4G. Speaking at the carrier’s first quarter earnings call Friday, Vittal said that the telco was not in race with rival Reliance Jio for 5G coverage, and is just focusing on quality services. “We will not be launching any such device. Our feature phone user is on (the) 2G network, and our focus will be on upgrading them to a smartphone,” Vittal said, addressing queries on the impact of the Jio Bharat launch. All Jio's customers are 4G network ones and the new feature phone launch, much like the JioPhone in 2016, is seen as a strategy to tap into basic phone users yet to upgrade to 4G, analysts said.

government is likely to have removed over-the-top (OTT) players, or apps, from the definition of telecommunication services in the telecom bill, giving huge relief to communication service providers such as WhatsApp and Telegram who will thus remain out of telecom regulation. Further, officials aware of the details told ET that the government has proposed administrative allocation of spectrum for satellite services, as part of the bill, a move that will be a major victory for satcom companies like Elon Musk's Starlink, Bharti Group-backed OneWeb and Amazon, and deal a setback to the likes of Reliance Jio and Vodafone Idea who were pushing for those airwaves to be auctioned.

rollout of 5G networks in terms of districts. 5G networks have been rolled out in 717 districts across the country as of 7 July 2023. So far, Reliance Jio and Bharti Airtel have aggressively rolled out the network while Vodafone Idea has been struggling to raise funds.

data communication services provided by entities other than the Airports Authority of India (AAI) as issues around service license and methodology of spectrum allocation such as auction etc remained untouched in the previous process. On December 12 last year, the Telecom Regulatory Authority of India (Trai) had issued a consultation paper on the matter, asking for suggestions regarding the mechanism of providing spectrum to IT and communication vendors to the Indian aviation industry – Société Internationale de Telecommunications Aeronautiques, (SITA) and Bird Consultancy Services (BCS).

Bajaj Auto(up 0.92 per cent), Eicher Motors(up 0.86 per cent), TIINDIA(up 0.84 per cent), Ashok Leyland(up 0.67 per cent) and Sona BLW Precision Forgings(up 0.57 per cent) were among the top gainers. Bosch(down 0.48 per cent), Maruti Suzuki(down 0.42 per cent), TVS Motor Company(down 0.28 per cent), MRF(down 0.09 per cent) and Samvardhana Motherson International(down 0.05 per cent) were the top losers on the index.

Aurobindo Pharma(up 4.45 per cent), Lupin(up 3.95 per cent), Laurus(up 3.46 per cent), Gland Pharma(up 2.94 per cent) and Ipca Laboratories(up 2.85 per cent) were among the top gainers. Pfizer(down 0.62 per cent) were the top losers on the index.

Indiabulls Real Estate(up 0.59 per cent), Mahindra Lifespace Developers(up 0.47 per cent) and Brigade Enterprises(up 0.1 per cent) were among the top gainers. Godrej Properties(down 4.3 per cent), Oberoi Realty(down 2.34 per cent), SOBHA(down 2.34 per cent), Macrotech Developers(down 1.52 per cent) and Prestige Estates Projects(down 0.9 per cent) were the top losers on the index.

Investors have favoured index funds to invest in global equities due to their low fees and the clarity of returns.

Shares of TVS Motor Company(up 0.73 per cent) ended the day as top gainers in the pack. On the other hand, Bosch(down 3.86 per cent), Hero MotoCorp(down 3.5 per cent), Tata Motors(down 3.26 per cent), Bharat Forge(down 2.99 per cent) and Eicher Motors(down 2.44 per cent) finished as the top losers of the day.