Vodafone Financial News

Shares of Tech Mahindra(up 0.19 per cent) ended the day as top gainers in the pack. On the other hand, MPhasis(down 3.77 per cent), LTIMindtree Ltd(down 2.24 per cent), Persistent Systems(down 1.92 per cent), Coforge(down 1.82 per cent) and Wipro(down 1.02 per cent) finished as the top losers of the day.

Nokia posted ₹9,500 crore of revenue in India during the April-June period, boosted by the 5G rollouts. Sanjay Malik, head of the India market, tells Danish Khan that the 5G-led growth in India is happening faster than in some developed markets. The company is supporting Vodafone Idea's existing 4G operations and is awaiting the telco's funding, which is taking longer than what Nokia had expected, he says.

Ask and you shall receive. Take it from TPG Telecom.

Reliance Jio has once again outpaced its competitor Airtel in net subscriber addition. According to the latest data released by Telecom Regulatory Authority of India (TRAI), Jio added 30.4 lakh new users in the month of May. Airtel, on the other hand, added 13.3 lakh users during the same period.

Reliance Jio continued to outpace Bharti Airtel in the race to grab Vodafone Idea's subscribers in the month of May according to the latest subscriber data released by the Telecom Regulatory Authority of India (Trai) Tuesday. The market leader added 3 million subscribers during the month as compared to 1.3 million added by its closest competitor Airtel. Vodafone Idea lost 2.8 million subscribers in May, data released by the sector regulator indicated. Jio's total subscriber base at the end of May was 436.3 million, Airtel's was 372.3 million while Vodafone Idea's customer base shrunk to 230.9 million. Jio's subscriber market share for May was 38.17% (37.90% in April) while Airtel commanded 32.57% (32.45% in April). Vodafone Idea further ceded market share to peers as its share decreased to 20.20% in May from 20.45% in April. Airtel's active user base grew to 100.09% (99.81% in April) in May while Jio saw active user base increase to 94.46% (93.99% in April). Vodafone Idea saw a marginal increase in active users at 88.88% in May as compared to 88.57% in April.

Vodafone Idea (Vi) faces hefty payouts of Rs 4,300 crore towards debt and 5G airwave instalments in the current September quarter, which is likely to impact its future payments to Indus Towers, especially if the loss-making telco fails to close its long pending fundraise quickly, said IIFL Securities. “Basis Vi’s disclosures, it faces large payouts in 2QFY24...of the estimated Rs 4,300 crore outgo, Rs 2,600 crore is towards debt repayments (maturing) and a Rs 1,700 crore instalment related to 5G spectrum, which may exert pressure on payments to Indus, unless Vi raises funds,” IIFL Securities said in a note.

Vodafone Idea Foundation, in partnership with the Telecom Sector Skill Council (TSSC), has launched the IoT Centre of Excellence at Indira Gandhi Delhi Technical University for Women (IGDTUW) in Delhi, the telco said in a statement Monday. The centre will provide hands-on training in new age and emerging technologies such as 5G, artificial intelligence/machine learning (AI/ML), IoT (internet of things), security, and surveillance to build a skilled workforce for the future.

Bharat Forge(up 1.41 per cent), Ashok Leyland(up 1.39 per cent), Hero MotoCorp(up 1.37 per cent), Tata Motors(up 1.2 per cent) and Balkrishna Industries(up 0.71 per cent) were among the top gainers. TIINDIA(down 0.66 per cent), Sona BLW Precision Forgings(down 0.64 per cent), Eicher Motors(down 0.54 per cent), Mahindra & Mahindra(down 0.34 per cent) and MRF(down 0.23 per cent) were the top losers on the index.

Shares of Mahindra & Mahindra(up 1.41 per cent), Hero MotoCorp(up 1.13 per cent), Bajaj Auto(up 0.86 per cent), Eicher Motors(up 0.82 per cent) and Bharat Forge(up 0.57 per cent) ended the day as top gainers in the pack. On the other hand, Sona BLW Precision Forgings(down 4.47 per cent), Samvardhana Motherson International(down 2.84 per cent), Ashok Leyland(down 1.43 per cent), Tata Motors(down 1.3 per cent) and Maruti Suzuki(down 0.85 per cent) finished as the top losers of the day.

Shares of L&T Technology(up 1.96 per cent) ended the day as top gainers in the pack. On the other hand, MPhasis(down 1.34 per cent), HCL Technologies(down 1.24 per cent), Tata Consultancy(down 1.22 per cent), Infosys(down 0.93 per cent) and Tech Mahindra(down 0.8 per cent) finished as the top losers of the day.

Shares of Ipca Laboratories(up 3.69 per cent), Pfizer(up 2.13 per cent), Gland Pharma(up 2.01 per cent), Abbott India(up 1.49 per cent) and Dr Reddys Laboratories(up 1.38 per cent) ended the day as top gainers in the pack. On the other hand, Glenmark Pharmaceuticals(down 2.87 per cent), Laurus(down 1.77 per cent), Zydus Lifesciences(down 1.39 per cent), Alkem Laboratories(down 0.81 per cent) and Lupin(down 0.58 per cent) finished as the top losers of the day.

Shares of Prestige Estates Projects(up 8.14 per cent), Mahindra Lifespace Developers(up 4.32 per cent), Macrotech Developers(up 2.68 per cent), Godrej Properties(up 2.63 per cent) and Indiabulls Real Estate(up 1.63 per cent) ended the day as top gainers in the pack. On the other hand, Phoenix Mills(down 0.09 per cent) finished as the top losers of the day.

Ipca Laboratories(up 2.69 per cent), Gland Pharma(up 1.75 per cent), Dr Reddys Laboratories(up 1.62 per cent), Sanofi India(up 1.11 per cent) and Pfizer(up 1.1 per cent) were among the top gainers. Glenmark Pharmaceuticals(down 3.09 per cent), Laurus(down 2.62 per cent), Zydus Lifesciences(down 1.17 per cent), Cipla(down 1.06 per cent) and Alkem Laboratories(down 0.72 per cent) were the top losers on the index.

Mahindra & Mahindra(up 1.36 per cent), Eicher Motors(up 0.57 per cent), Bharat Forge(up 0.4 per cent) and Bajaj Auto(up 0.2 per cent) were among the top gainers. Samvardhana Motherson International(down 2.79 per cent), Sona BLW Precision Forgings(down 2.46 per cent), Tata Motors(down 1.13 per cent), Maruti Suzuki(down 0.63 per cent) and Balkrishna Industries(down 0.58 per cent) were the top losers on the index.

Federal Bank(up 1.61 per cent), IDFCBANK(up 0.91 per cent), Kotak Mahindra Bank(up 0.46 per cent), Bandhan Bank(up 0.46 per cent) and State Bank of India(up 0.28 per cent) were among the top gainers. HDFC Bank(down 1.04 per cent), ICICI Bank(down 1.01 per cent), Axis Bank(down 0.66 per cent), Punjab National Bank(down 0.48 per cent) and IndusInd Bank(down 0.12 per cent) were the top losers on the index.

Queensland-headquartered telco Pivotel, which specialises in servicing customers outside the catchment of regular mobile phone coverage, has drafted boutique corporate advisor TMT Partners to oversee a capital partner search.

Shares of DLF(up 4.75 per cent), Phoenix Mills(up 2.75 per cent), Oberoi Realty(up 2.49 per cent), Godrej Properties(up 2.14 per cent) and Brigade Enterprises(up 1.43 per cent) ended the day as top gainers in the pack. On the other hand, SOBHA(down 2.46 per cent), Prestige Estates Projects(down 1.67 per cent) and Mahindra Lifespace Developers(down 0.35 per cent) finished as the top losers of the day.

Cipla(up 8.75 per cent), Aurobindo Pharma(up 4.71 per cent), Zydus Lifesciences(up 3.79 per cent), Lupin(up 3.36 per cent) and Granules India(up 3.02 per cent) were among the top gainers. Torrent Pharmaceuticals(down 0.02 per cent) were the top losers on the index.

Indiabulls Real Estate(up 1.8 per cent), Phoenix Mills(up 1.71 per cent), DLF(up 1.22 per cent), Godrej Properties(up 1.02 per cent) and Oberoi Realty(up 0.61 per cent) were among the top gainers. SOBHA(down 2.03 per cent), Mahindra Lifespace Developers(down 1.37 per cent), Macrotech Developers(down 0.7 per cent) and Brigade Enterprises(down 0.52 per cent) were the top losers on the index.

Telecom equipment worth ₹6,911 crore was exported by companies selected under the production linked incentive (PLI) scheme till May, the government said on Wednesday. «The companies under the scheme have made an export of ₹6,911 crore up till May 31, 2023,» minister of state for communications Devusinh Chauhan said in a written reply in the Lok Sabha.

Shares of SOBHA(up 10.08 per cent), Mahindra Lifespace Developers(up 2.66 per cent), Oberoi Realty(up 2.09 per cent), DLF(up 1.59 per cent) and Brigade Enterprises(up 1.4 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers(down 0.06 per cent) and Prestige Estates Projects(down 0.05 per cent) finished as the top losers of the day.