Vodafone Financial News

During the week, over 100 smallcap stocks delivered double-digit weekly returns with 15 of them offering over 25% gains. RailTel was the top gainer in the smallcap pack with 46% return, followed by India Pesticides (41.9%), Optiemus Infracom (36.3%) and HLV (33.7%). About nine stocks, including Jaiprakash Associates, Pearl Global, Himadri Speciality, MTAR Tech, Bajaj Healthcare, among others delivered between 20-25% gains during the week. In the midcap segment, eight stocks, including BHEL, Vodafone Idea, IRFC among others rose in double digits. While BHEL gained nearly 30%, Voda Idea and IRFC were up 15% each. In the Sensex pack, Tata Steel topped the charts with 8.7% returns, followed by Maruti Suzuki at 8.66% and NTPC at 5.85%. Sector wise, there was heavy buying in metal stocks in anticipation of further stimulus measures from the Chinese government.

Bharti Airtel and Vodafone Idea increased 12.24% on-year to ₹1,513 crore in FY23, as they ramped up on content libraries to raise data consumption through video content in a bid to reduce churn and boost average revenue per user (ARPU). For the fiscal year under review, Bharti Airtel's consolidated content cost jumped 18% to ₹856 crore. The company owns and operates Airtel Xstream, a video streaming app that aggregates content from 19 over-the-top (OTT) players like SonyLIV, Lionsgate Play, Hoichoi, and Hungama, among others.

Franklin Templeton Mutual Fund on Friday said it has received Rs 1,398 crore as payment from Vodafone Idea for investment in its debt instruments, which will be distributed among investors of the segregated portfolios. The amount will be given to unitholders in proportion to their holdings in the plans of the segregated portfolio. «We have received the annual interest amounting to Rs 148.34 crore and the full value of the principal due on maturity amounting to Rs 1,250 crore from Vodafone Idea Ltd for the security (non-convertible debenture) on September 1, 2023, and held in the five segregated portfolios,» the fund house said in a statement. The five segregated portfolios are — Franklin India Low Duration, Franklin India Short Term Income Plan, Franklin India Credit Risk, Franklin India Dynamic Accrual, and Franklin India Income Opportunities Fund.

Shares of Granules India Ltd.(up 1.57 per cent), Gland Pharma Ltd.(up 1.53 per cent), GlaxoSmithKline Pharmaceuticals Ltd.(up 0.61 per cent), Biocon Ltd.(up 0.55 per cent) and Sanofi India Ltd.(up 0.15 per cent) ended the day as top gainers in the pack. On the other hand, Torrent Pharmaceuticals Ltd.(down 3.07 per cent), Zydus Lifesciences Ltd.(down 1.9 per cent), Abbott India Ltd.(down 1.75 per cent), Glenmark Pharmaceuticals Ltd.(down 1.27 per cent) and Natco Pharma Ltd.(down 1.2 per cent) finished as the top losers of the day. The Nifty Pharma index closed 0.56 per cent down at 15011.8. Benchmark NSE Nifty50 index ended up 181.5 points at 19435.3, while the BSE Sensex stood up 555.75 points at 65387.16. Among the 50 stocks in the Nifty index, 41 ended in the green, while 9 closed in the red. Shares of Vodafone Idea, YES Bank, Indian Railway Fin, Suzlon Energy and BHEL were among the most traded shares on the NSE. Shares of Integrated Personnel, Pokarna Ltd, Rossell India, Railtel Corp and HLV Ltd.

Shares of Persistent Systems Ltd.(up 3.21 per cent), Tech Mahindra Ltd.(up 2.17 per cent), LTIMindtree Ltd.(up 2.11 per cent), Wipro Ltd.(up 1.94 per cent) and HCL Technologies Ltd.(up 1.16 per cent) ended the day as top gainers in the pack. On the other hand, Coforge Ltd.(down 0.26 per cent) finished as the top losers of the day. The Nifty IT index closed 1.12 per cent up at 31514.35. Benchmark NSE Nifty50 index ended up 181.5 points at 19435.3, while the BSE Sensex stood up 555.75 points at 65387.16. Among the 50 stocks in the Nifty index, 41 ended in the green, while 9 closed in the red. Shares of Vodafone Idea, YES Bank, Indian Railway Fin, Suzlon Energy and BHEL were among the most traded shares on the NSE. Shares of Integrated Personnel, Pokarna Ltd, Rossell India, Railtel Corp and HLV Ltd.

₹10.40 on Friday's sessions. Vodafone shares have closed in the green for the past seven of the last nine trading sessions. Vodafone share price today opened at ₹9.13 on BSE today.

auction satellite spectrum, Reliance Jio has submitted to authorities, including regulator Trai, another legal opinion from a former Supreme Court judge who has opined that while there is no mandate, constitutional or otherwise, that natural resource allocation must be only by auction, it is certainly “a more preferable method”. As per Justice L Nageswara Rao, former judge of Supreme Court, in light of commercial considerations underpinning the allocation of satellite spectrum and sans any social or welfare objectives, any law or rules providing for a method other than auction, raising concerns on its legality, could be found “constitutionally unsound under Article 14 of the Constitution of India.” The judge has given his opinion of a query from Jio seeking to know whether under the constitutional and legal regime in India, auction is the only permissible mode of assignment of spectrum for commercial space-based communication services. Earlier, Jio had shared the opinion of former Supreme Court judge KSP Radhakrishnan to Telecom Regulatory Authority of India (Trai) to back its view that auction should be the mode of spectrum allocation for satellite communication services. This comes on the heels of satcom companies sharing the view of former attorney general Mukul Rohatgi, who said auction isn’t the most appropriate and efficient method of resource allocation. As per Justice (retired) Radhakrishnan, when natural resources are made available to private parties for their own gain, the state must endeavour to maximise its own revenue by adopting competitive means of disposal.

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Persistent Systems Ltd.(up 1.41 per cent), Tech Mahindra Ltd.(up 1.21 per cent), LTIMindtree Ltd.(up 1.06 per cent), L&T Technology Services Ltd.(up 0.94 per cent) and HCL Technologies Ltd.(up 0.83 per cent) were among the top gainers. MphasiS Ltd.(down 0.17 per cent) were the top losers on the index. The Nifty IT index was up 0.65 per cent at 31368.65 at the time of writing this report. Benchmark NSE Nifty50 index was up 81.95 points at 19335.75, while the BSE Sensex was up 206.68 points at 65038.09. Among the 50 stocks in the Nifty index, 39 were trading in the green, while 11 were in the red. Shares of Vodafone Idea, Suzlon Energy, BHEL, Reliance Power and Alok Industries were among the most traded shares on the NSE. Shares of Times Guaranty, Pokarna Ltd, ITD Cementation, Skipper Ltd and Birla Cable hit their fresh 52-week highs in today's trade, while GNA Axles, Hotel Rugby, Sanco Industries, FutureLifestyleFash and Pyramid Technoplast hit fresh 52-week lows in trade.

₹1000 each for an online game; where the winning player will get ₹1800 and the online gaming platform collects ‘Platform Fees’ of ₹100 each from ‘X’ and ‘Y’. It is this INR 200 (100 + 100) on which GST at 18% is liable to be deposited by the online platforms.

Vodafone Idea is exploring both OpenRAN (ORAN) and virtualised RAN (vRAN) technologies to reduce the cost of deployment for its upcoming 5G network. The cash-strapped telco has already begun proof-of-concept (PoC) projects with Korea's Samsung for vRAN and US-based Mavenir Systems for OpenRAN-based 5G network. People familiar with the matter said Samsung is doing PoCs in 20 sites with Vodafone Idea in Tamil Nadu, while Mavenir is doing a similar project in the Punjab circle. «Vi is doing 5G trials in various circles with vendors such as Mavenir and Samsung using vRAN and ORAN deployment.

According to FT's report, the surveillance system is installed on subsea cable landing stations, which allows India's security agencies to snoop on the personal data and communications of its 1.4 billion citizens. Israel-based Septier has reportedly sold its lawful interception technology to telecoms groups including Mukesh Ambani’s Reliance Jio, the Vodafone Idea, and Singapore’s Singtel. According to the promotional video of Septier, its technology extracts “voice, messaging services, web surfing and email correspondence" of targets.

TVS Motor Company(up 2.74 per cent), Ashok Leyland(up 1.25 per cent), Mahindra & Mahindra(up 1.1 per cent), Eicher Motors(up 1.04 per cent) and Bajaj Auto(up 0.92 per cent) were among the top gainers. Sona BLW Precision Forgings(down 0.71 per cent), Bharat Forge(down 0.24 per cent) and Balkrishna Industries(down 0.04 per cent) were the top losers on the index. The Nifty Auto index was up 0.71 per cent at 15688.9 at the time of writing this report. Benchmark NSE Nifty50 index was up 105.45 points at 19448.1, while the BSE Sensex was up 371.46 points at 65447.28. Among the 50 stocks in the Nifty index, 42 were trading in the green, while 8 were in the red. Shares of Reliance Power, Zomato, Suzlon Energy, JP Power and Vodafone Idea were among the most traded shares on the NSE. Shares of Pritika Engineering, Ameya Precision Engi, Shakti Pumps, Delta Manufacturing and P E Analytics hit their fresh 52-week highs in today's trade, while Penta Gold, Proventus Agrocom, BKM Industries, Rajnandini Metal and Rajesh Exports hit fresh 52-week lows in trade.

MPhasis(up 1.36 per cent), Persistent Systems(up 1.3 per cent), Tech Mahindra(up 1.19 per cent), L&T Technology(up 1.15 per cent) and HCL Technologies(up 0.75 per cent) were among the top gainers. Coforge(down 0.32 per cent) were the top losers on the index. The Nifty IT index was up 0.7 per cent at 31082.2 at the time of writing this report. Benchmark NSE Nifty50 index was up 102.9 points at 19445.55, while the BSE Sensex was up 368.8 points at 65444.62. Among the 50 stocks in the Nifty index, 41 were trading in the green, while 9 were in the red. Shares of Reliance Power, Zomato, Suzlon Energy, JP Power and Vodafone Idea were among the most traded shares on the NSE. Shares of Pritika Engineering, P E Analytics, Delta Manufacturing, Ameya Precision Engi and Shakti Pumps hit their fresh 52-week highs in today's trade, while BKM Industries, Penta Gold, Proventus Agrocom, Rajnandini Metal and Rajesh Exports hit fresh 52-week lows in trade.

Mahindra Lifespace Developers(up 4.65 per cent), Indiabulls Real Estate(up 2.3 per cent), Oberoi Realty(up 1.28 per cent), DLF(up 1.1 per cent) and Prestige Estates Projects(up 0.7 per cent) were among the top gainers. Brigade Enterprises(down 1.08 per cent) and Godrej Properties(down 0.02 per cent) were the top losers on the index. The Nifty Realty index was up 0.64 per cent at 550.55 at the time of writing this report. Benchmark NSE Nifty50 index was up 101.5 points at 19444.15, while the BSE Sensex was up 360.22 points at 65436.04. Among the 50 stocks in the Nifty index, 40 were trading in the green, while 10 were in the red. Shares of Reliance Power, Zomato, Suzlon Energy, JP Power and Vodafone Idea were among the most traded shares on the NSE. Shares of Pritika Engineering, P E Analytics, Delta Manufacturing, Ameya Precision Engi and Shakti Pumps hit their fresh 52-week highs in today's trade, while Penta Gold, Proventus Agrocom, BKM Industries, Rajnandini Metal and Rajesh Exports hit fresh 52-week lows in trade.

Tech Mahindra(up 1.68 per cent), LTIMindtree Ltd(up 0.69 per cent), L&T Technology(up 0.68 per cent), HCL Technologies(up 0.53 per cent) and Wipro(up 0.51 per cent) were among the top gainers. Coforge(down 0.94 per cent) were the top losers on the index. The Nifty IT index was up 0.41 per cent at 30899.35 at the time of writing this report. Benchmark NSE Nifty50 index was up 23.75 points at 19329.8, while the BSE Sensex was up 58.43 points at 65055.03. Among the 50 stocks in the Nifty index, 35 were trading in the green, while 14 were in the red. Shares of Suzlon Energy, JP Power, Reliance Power, Vodafone Idea and Jio Financial Servic were among the most traded shares on the NSE. Shares of Gokaldas Export, A G Universal, Wonder Fibromats, All E Technologies and Aristo Bio-Tech hit their fresh 52-week highs in today's trade, while Penta Gold, Rajesh Exports, Rajnandini Metal, Accuracy Shipping and Shrenik hit fresh 52-week lows in trade.

Bharat Forge(up 1.37 per cent), Hero MotoCorp(up 1.33 per cent), Bajaj Auto(up 0.88 per cent), Tata Motors(up 0.57 per cent) and Balkrishna Industries(up 0.44 per cent) were among the top gainers. Sona BLW Precision Forgings(down 1.08 per cent), TIINDIA(down 0.34 per cent), Mahindra & Mahindra(down 0.08 per cent) and Bosch(down 0.03 per cent) were the top losers on the index. The Nifty Auto index was up 0.33 per cent at 15525.8 at the time of writing this report. Benchmark NSE Nifty50 index was up 20.7 points at 19326.75, while the BSE Sensex was up 39.62 points at 65036.22. Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red. Shares of Suzlon Energy, JP Power, Reliance Power, Vodafone Idea and Jio Financial Servic were among the most traded shares on the NSE. Shares of Gokaldas Export, A G Universal, Wonder Fibromats, Aristo Bio-Tech and All E Technologies hit their fresh 52-week highs in today's trade, while Penta Gold, Rajesh Exports, Accuracy Shipping, Rajnandini Metal and Shrenik hit fresh 52-week lows in trade.

telcos are likely to spend less on 5G airwaves in the next auction compared to the last one in July 2022 as they have adequate spectrum holdings, ratings agency Crisil said. “All private telcos are believed to be adequately placed, having purchased spectrum worth Rs 1.5 lakh-crore in the previous auction…hence, the outgo for spectrum purchase at the next auction is expected to be lower than the previous one,” Crisil said in an official statement Monday. The government had mopped up over Rs 1.5 lakh-crore from India’s first auction of 5G spectrum last year, selling around 71% of the over 72 GHz of airwaves it put on the table.

Vodafone Idea (Vi) has extended the redemption period of 8,000 optionally convertible debentures (OCDs) – out of the Rs 16,000 OCDs issued to American Tower Corp’s India unit (ATC Telecom Infrastructure Pvt Ltd) – to 18 months from the allotment date, instead of the earlier six-month deadline. “The company and ATC have agreed to extend the period of redemption of 8,000 OCDs from 6 months, from the date of allotment of first tranche of OCDs (which was falling due on 28th August, 2023), to 18 months from the date of allotment, subject to certain conditions as mutually agreed,” Vi said in an exchange filing Monday morning. Last month, Boston-based ATC had informed the US Securities and Exchange Commission (SEC) that Vi’s OCDs would mature in two tranches of Rs 800 crore each on August 27, 2023 and August 27, 2024. That has now changed. Earlier in Febuary 2023, Vi had allotted OCDs worth Rs 1,600 crore to ATC TIPL against its dues.

Glenmark Pharmaceuticals(up 2.52 per cent), Gland Pharma(up 2.19 per cent), Granules India(up 1.53 per cent), Zydus Lifesciences(up 1.5 per cent) and Cipla(up 1.48 per cent) were among the top gainers. Abbott India(down 0.35 per cent) and Laurus(down 0.03 per cent) were the top losers on the index. The Nifty Pharma index was up 1.01 per cent at 15177.35 at the time of writing this report. Benchmark NSE Nifty50 index was up 50.9 points at 19316.7, while the BSE Sensex was up 128.35 points at 65014.86. Among the 50 stocks in the Nifty index, 34 were trading in the green, while 16 were in the red. Shares of Suzlon Energy, JP Power, Vodafone Idea, Zomato and Ibull Housing Fin were among the most traded shares on the NSE. Shares of Lords Chloro, A G Universal, Ravinder Heights, Agarwal Corp and Jullundur Motor hit their fresh 52-week highs in today's trade, while Kshitij Polyline, Cerebra Integrat, Setubandhan Infra, FutureLifestyleFash and Penta Gold hit fresh 52-week lows in trade.

Vodafone Idea announced the extension of the redemption period of its optionally convertible debentures (OCD), allotted to ATC, by one year.