Vodafone Financial News

Shares of Alkem Laboratories(up 3.1 per cent), Gland Pharma(up 3.05 per cent), Dr Reddys Laboratories(up 2.7 per cent), Glaxosmithkline Pharmaceuticals(up 2.08 per cent) and Pfizer(up 2.06 per cent) ended the day as top gainers in the pack. On the other hand, Abbott India(down 0.61 per cent), Divis Laboratories(down 0.39 per cent), Aurobindo Pharma(down 0.28 per cent), Torrent Pharmaceuticals(down 0.12 per cent) and Laurus(down 0.04 per cent) finished as the top losers of the day.

Mukul Rohatgi who has said auctioning satellite spectrum isn’t the most appropriate and efficient method of resource allocation.Broadband India Forum (BIF) had sought Rohatgi’s views on whether the law requires that the only way to allocate satellite spectrum is auction. He replied, “No.” BIF also asked whether allocation of satellite spectrum for space-based communication services through a non-auction, administrative route, be permissible in law. Rohatgi said, “Yes.” ET has seen a copy of the 18-page legal opinion. BIF, which counts technology and satcom firms like Oneweb, Nelco, Amazon, Hughes, Inmarsat, Google, Netflix, and Meta as its members, is believed to have shared Rohatgi’s opinion with the Department of Telecommunications (DoT), Telecom Regulatory Authority of India (Trai), Department of Space and Prime Minister’s Office. Satcom companies and telcos Reliance Jio and Vodafone Idea (Vi) are at loggerheads over the mode of allocation of satellite airwaves. Jio and Vi have been batting for an auction model, citing, among others, the 2012 Supreme Court judgement, which had backed bidding as the way to allocate scarce natural resources. Satcom companies want spectrum to be allotted without auctions. Commenting on the 2012 Supreme Court judgement and decision on the following presidential reference, Rohatgi said auction cannot be considered invariably a constitutional mandate as it would stand in complete contravention to the scheme of Article 14 of the Constitution. Further, he said allocation of natural resources to the highest bidder may not necessarily be the only way to subserve the common good and at times, may run counter to the public good.

5G market share gains in India. Reported sales increased by 74% on-year. Ericsson flagged risks of being unable to supply equipment due to throttling of supplies of key ASIC and FPGA components, printed circuit boards, standard electronics or semiconductors (including foundry node availability) from very few suppliers, due to various reasons including natural disasters, conflicts or other potentially disruptive events.

India, a key global satellite player, SES — also the satellite JV partner of Reliance-backed Jio Platforms (JPL) — has been conspicuously absent in the ongoing consultation process. Luxembourg-based SES, in an earlier consultation undertaken last year by the Telecom Regulatory Authority of India (Trai), had strongly opposed any auctioning of satellite spectrum and like all global satellite players such as Amazon, OneWeb, Starlink, Telesat and Hughes, had backed allotment via the administrative route. This was in stark contrast to the views of its JV partner.

₹20 for a flight ticket of ₹13,820. Writing a scarcastic caption, Kumar asked, "Pls suggest some good investment plans for my refund." The image shared by Kumar showed how he was charged cancellation fee of ₹11,800 along with an additional GI cancellation fee of ₹1,200 which came to deduction of ₹13,800 and was left only with ₹20 which he received. His post has garnered over 500,000 views, 5000 likes and 439 retweets on twitter.

Himachal Pradesh that has been battered by heavy rains that could disrupt connectivity, industry executives said. While there has been no major damage to telecom infrastructure like towers or radios, multiple areas in the affected region were facing power outages, affecting the running of telecom towers, they added.

NEW DELHI : India has the mechanisms to tweak bilateral investment treaties for quick resolution of disputes with “strategically important countries", an official aware of the development said, outlining what would mark a significant moderation of New Delhi’s long-held suspicion of such treaties as weighted against it. The official’s remarks come as India parallelly negotiates bilateral investment treaties (BIT)—along with free trade agreements—with the UK and EU, which seek better investment protection and faster resolution of disputes.

telecom operators to enable intra-circle roaming in the Himachal Pradesh as the region continues to face heavy rains which may cause disruption in connectivity, industry executives said. While there has been no major damage to telecom infrastructure like towers or radios so far, multiple areas in the affected region are facing power outages, which is affecting the running of telecom towers as well, they added.

Relative Strength Index (RSI) is among many technical indicators which helps investors to gauge the movement of stocks and make informed decisions. On July 10, Monday, StockEdge reported that 37 stocks were trading with a declining RSI. ETMarkets has identified 10 stocks from that list, which are currently trading in an overbought zone.

Bharti Airtel and Reliance Jio are set to report sequential mobile revenue growth in the fiscal first quarter, helped by higher data usage levels and strong 4G user additions, while Vodafone Idea (Vi) will likely report contraction, stung by the continuing trend of heavy customer losses. Analysts, though, expect Airtel to report stronger average revenue per user (ARPU) growth than Jio in the April-June quarter, on the back of decent postpaid user additions and a pick-up in 2G to 4G conversions.

Department of Telecom is likely to approach sector regulator Trai this week for auction of a set of spectrum bands as well as radio waves held by permits that are due to expire in 2024, an official source said. The source said that DoT is expected to hold the auction in the March quarter of the current fiscal.

₹1,000. Other Indian brands also plan to launch inexpensive smartphones. After having lost out to Chinese brands nearly a decade ago, can the Indian brands cut it in today’s market? Mint decodes.

20 SMA is a popular technical indicator used to assess recent price trends. When a stock crosses its 20 SMA, it often attracts the attention of traders and investors looking for potential opportunities. Let's delve into the stocks that crossed their 20 SMA on July 3, 2023, and provide a brief overview of these companies.

New Delhi: Reliance Jio's new internet enabled 4G featurephone at ₹999 could disrupt the 2G market and help Jio gain market share by revenue as well as gain about 100 million subscribers, said brokerage houses.  With the JioBharat phone, the No 1 carrier is once again aiming at the bottom of the pyramid which is bound to bring to halt any incremental tariff increases by Bharti Airtel and Vodafone Idea or any tariff corrections, which will be a negative impact on the No 2 and No 3 carriers.   Jio announced the JioBharat 4G V2 phone on Monday, which will be priced at Rs999 -- about 20-30% discount compared to existing average prices of featurephones -- will be available for sale from 7 July.   The device that will work only on Jio's network and comes with entertainment apps from the Jio stable such as Jio Cinema and Jio Saavn pre-installed. Jio has also come out with new tariffs for this device at Rs 123 for 28 days and  ₹1,234 annually.

IDFC First Bank(numbers of share traded: 12.36 crore), Vodafone Idea(numbers of share traded: 11.50 crore), IDFC(numbers of share traded: 9.60 crore), RattanIndia Power (numbers of share traded: 7.85 crore) and Bank of Maharashtra(numbers of share traded: 7.30 crore) emerged top gainers in Tuesday's market in terms of trading volume. The NSE Nifty index closed 66.45 points up at 19389.0, while BSE Sensex ended up 274.0 points at 65479.05.

Reliance Jio's plan to launch a 4G phone at a market-low price of $12 to capture the broadly untapped entry-level 2G market in India will disrupt the bottom of the consumer pyramid, but not spark a price war reminiscent of its first such move in 2016, analysts said on Tuesday. Jio, late on Monday, unveiled an entry-level phone, called Jio Bharat, that is equipped with internet services such as digital payments to reach the roughly 250 million 2G users yet to migrate to smartphones.

Reliance Jio revealed plans to launch a $12 4G phone to capture the broadly untapped entry-level 2G market in India. The new phone could drive Jio's subscriber additions by 20-22 million annually, boosting its revenue and operating earnings by 2-3% in the next fiscal year, analysts at Jefferies wrote in a note. It could also hit the revenue and operating earnings of rival Bharti Airtel by 1-2% during this period, the analysts added.

NEW DELHI : While market leaders Bharti Airtel Ltd and Reliance Jio Infocomm Ltd have secured 5G spectrum and launched services, Vodafone Idea Ltd (Vi) is yet to do so. However, the lack of 5G has not had any major impact on the enterprise business as most solutions work on 4G, said Arvind Nevatia, chief enterprise business officer at India’s No. 3 telco.

Shares of Eicher Motors(up 1.42 per cent), Mahindra & Mahindra(up 0.99 per cent), Samvardhana Motherson International(up 0.47 per cent), Bharat Forge(up 0.45 per cent) and TIINDIA(up 0.22 per cent) ended the day as top gainers in the pack. On the other hand, Bajaj Auto(down 1.72 per cent), MRF(down 1.34 per cent), Maruti Suzuki(down 1.19 per cent), Balkrishna Industries(down 0.91 per cent) and Tata Motors(down 0.8 per cent) finished as the top losers of the day.

Natco Pharma(up 2.76 per cent), Divis Laboratories(up 1.72 per cent), Granules India(up 1.35 per cent), Zydus Lifesciences(up 1.29 per cent) and Cipla(up 1.24 per cent) were among the top gainers. Laurus(down 1.23 per cent), Aurobindo Pharma(down 0.93 per cent), Glaxosmithkline Pharmaceuticals(down 0.81 per cent), Lupin(down 0.73 per cent) and Alkem Laboratories(down 0.7 per cent) were the top losers on the index.

Mahindra & Mahindra(up 1.25 per cent), Eicher Motors(up 0.94 per cent), Ashok Leyland(up 0.9 per cent), Tata Motors(up 0.48 per cent) and Bharat Forge(up 0.38 per cent) were among the top gainers. Bajaj Auto(down 1.22 per cent), Hero MotoCorp(down 0.91 per cent), Maruti Suzuki(down 0.77 per cent), MRF(down 0.75 per cent) and Balkrishna Industries(down 0.63 per cent) were the top losers on the index.