Vodafone Financial News

E and V bands spectrum and backhaul carriers to telecom operators, a move that is set to rekindle a battle between telecom and tech companies. Officials aware of the details told ET that Trai is likely to treat E and V bands separately as they have slightly different characteristics. While E band (71-76 GHz and 81-86 GHz) is being primarily used for 5G backhaul, the usage of V band spectrum (57-64 GHz and 64-71 GHz) has not become prevalent so far. Further, a certain quantum in the V band may be delicensed, or allotted without auctions, for indoor coverage.

telecom industry saw overall active subscribers decline by 0.6 million in June after six consecutive quarters of additions, dragged by Vodafone Idea's (VIL) highest loss of active subscribers — 2.5 million — in 10 months. This, analysts said, indicated continued market share shifts to stronger rivals Bharti Airtel and Reliance Jio, both having added active subscribers.

Shares of Indiabulls Real Estate(up 3.32 per cent), Mahindra Lifespace Developers(up 0.93 per cent), Brigade Enterprises(up 0.58 per cent) and SOBHA(up 0.42 per cent) ended the day as top gainers in the pack. On the other hand, Macrotech Developers(down 3.97 per cent), DLF(down 1.72 per cent), Oberoi Realty(down 1.55 per cent), Godrej Properties(down 1.09 per cent) and Phoenix Mills(down 0.77 per cent) finished as the top losers of the day. The Nifty Realty index closed 1.31 per cent down at 532.95. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

BSE after ET reported that the telco is close to tying up its much-delayed equity funding that could set in motion an accelerated Rs 65,000-crore capex plan over four years to turn around the loss-making company. ET reported in its August 25 edition that Moondra had informed the Department of Telecommunications (DoT) that the telco has term sheets from several potential investors. The Vi CEO, in an August 8 letter, also told the DoT that one of these potential investors would seek a meeting with the authorities to get assurances on continuing government support for the cash-strapped operator. Copies of the letter, seen by ET, were marked to communications minister Ashwini Vaishnaw, finance minister Nirmala Sitharaman and the PMO. A senior government official too has said Vi’s fundraising is imminent and could be finalised in the next seven to 10 days.

Vodafone Idea share price jumped over 9% on Friday's trading sessions following Vodafone Idea's notification to the Department of Telecommunications (DoT) that it has received term sheets from many possible investors for its equity fundraising, according to the Economic Times (ET) report. Vodafone Idea share price opened at intraday low of ₹8.03 apiece on BSE on Friday's trade and closed at ₹8.67 apiece, up 9.06%. Vodafone Idea shares have risen for the fourth consecutive session today.

Shares of Persistent Systems(up 0.35 per cent) ended the day as top gainers in the pack. On the other hand, MPhasis(down 2.91 per cent), Coforge(down 2.5 per cent), HCL Technologies(down 1.48 per cent), L&T Technology(down 1.19 per cent) and LTIMindtree Ltd(down 0.83 per cent) finished as the top losers of the day. The Nifty IT index closed 0.64 per cent down at 30914.55. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

Shares of Bandhan Bank(up 0.43 per cent), Axis Bank(up 0.18 per cent) and ICICI Bank(up 0.15 per cent) ended the day as top gainers in the pack. On the other hand, Punjab National Bank(down 2.15 per cent), IndusInd Bank(down 1.68 per cent), State Bank of India(down 1.21 per cent), HDFC Bank(down 1.13 per cent) and AU Small Finance Bank(down 1.11 per cent) finished as the top losers of the day. The Nifty Bank index closed 0.59 per cent down at 44231.45. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

Shares of Glaxosmithkline Pharmaceuticals(up 0.63 per cent), Abbott India(up 0.24 per cent) and Ipca Laboratories(up 0.06 per cent) ended the day as top gainers in the pack. On the other hand, Dr Reddys Laboratories(down 2.17 per cent), Biocon(down 1.96 per cent), Zydus Lifesciences(down 1.8 per cent), Gland Pharma(down 1.62 per cent) and Glenmark Pharmaceuticals(down 1.29 per cent) finished as the top losers of the day. The Nifty Pharma index closed 1.11 per cent down at 15025.2. Benchmark NSE Nifty50 index ended down 120.9 points at 19265.8, while the BSE Sensex stood down 365.83 points at 64886.51. Among the 50 stocks in the Nifty index, 9 ended in the green, while 41 closed in the red. Shares of Vodafone Idea, Jio Financial Servic, Suzlon Energy, JP Power and Reliance Power were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Parag Milk Foods, Virescent Renewable, GFL Ltd.

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Reliance Jio are the key beneficiaries. Vodafone Idea Ltd’s struggles to raise capital to fund its growth augurs well for other companies, especially in terms of subscriber addition. In this backdrop, Bharti and Jio would reap the benefits.

Mahindra Lifespace Developers(up 0.92 per cent) and SOBHA(up 0.19 per cent) were among the top gainers. Macrotech Developers(down 3.39 per cent), Oberoi Realty(down 2.06 per cent), DLF(down 1.74 per cent), Godrej Properties(down 1.52 per cent) and Indiabulls Real Estate(down 0.94 per cent) were the top losers on the index. The Nifty Realty index was down 1.54 per cent at 531.7 at the time of writing this report. Benchmark NSE Nifty50 index was down 128.85 points at 19257.85, while the BSE Sensex was down 436.88 points at 64815.46. Among the 50 stocks in the Nifty index, 6 were trading in the green, while 44 were in the red. Shares of Jio Financial Servic, Vodafone Idea, Reliance Power, Suzlon Energy and GMR Infra were among the most traded shares on the NSE. Shares of Ind-Swift Labs, Virescent Renewable, KFIN Technologies, Gabriel India and Kaynes Technology In hit their fresh 52-week highs in today's trade, while Sadhana Nitro, Penta Gold, Zeal Global Services, Suumaya Lifestyle and Shrenik hit fresh 52-week lows in trade.

Vodafone Idea (Vi) is closer to tying up its much-delayed equity funding with chief executive Akshaya Moondra informing the Department of Telecommunications (DoT) that the telco has term sheets from several potential investors. He said one of these potential investors will also be seeking a meeting with the authorities to get assurances on continuing government support for the cash-strapped operator. In an August 8 letter, Moondra told DoT the external fundraise would set in motion an «accelerated» ₹65,000 crore capex plan over four years to turn around the company. Copies of the letter, seen by ET, were marked to communications minister Ashwini Vaishnaw, finance minister Nirmala Sitharaman and the PMO. A senior government official said Vi's fundraising is imminent and could be finalised in the next seven to 10 days. The government holds 33.1% in the company in which UK's Vodafone Group owns 32.3% and India's diversified Aditya Birla Group holds 18.1%.SBI considering loan «Significant progress has been made with several groups of investors for raising equity and equity-linked capital, and we have a few term sheets from some of them,» Moondra said in his letter. He added that a specific investor would seek time to meet relevant officials in the government to «draw comfort for continued support» to Vi, given the large government debt involved. «Funding from the investor will enable Vi to start the capex cycle.

Transparency matters, especially where investor money is concerned. But, not all fund houses are transparent about all their decisions. In March, market regulator Securities and Exchange Board of India (Sebi) shot off a show-cause notice to L&T Mutual Fund, seeking justification for some of its fund management decisions.

TPG Telecom boss Inaki Berroeta has defended the company’s decision to offload the email accounts of one million customers as the telecommunications group revealed plans to overhaul its brands.

TPG Telecom plans to dump some of its brands and products to cut costs after its interim profits slid 71 per cent to $48 million.

Reliance Jio and Vodafone Idea (Vi) have called for auctions as the default mechanism for spectrum assignment for broadcast and telecom applications, a suggestion which was opposed by broadcast entities and peer telecom operators. At an open house discussion hosted by the Telecom Regulatory Authority of India (Trai) Wednesday, Bharti Airtel reiterated the need for regulation of content tariff across distribution platforms so that the same content is not priced radically different on different platforms. The topic of the discussion was 'Regulating Converged Digital Technologies and Services — Enabling Convergence of Carriage of Broadcasting and Telecommunication'. «Auction should be the default mechanism for assignment of spectrum whether it is for telecom or broadcasting so — satellite or terrestrial,» a representative from Jio said during the three-hour-long discussion held virtually. Jio said more spectrum should be made available for 5G, and that the service provider should be allowed to decide what to use acquired spectrum for, rather than the regulator pre-deciding which band can be used for what purpose. «Majority of spectrum bands can be used interchangeably between separate satellite and terrestrial networks,» the Jio representative said. Vodafone Idea, in its comments, supported the view that all spectrum should be auctioned.

Jio Financial Services: The BSE has deferred the removal of Jio Financial Services Ltd, the demerged non-banking financial services unit of Mukesh Ambani-led Reliance Industries, from all the S&P BSE indices to 29 August from 24 August. Jio Financial Services listed on the bourses on Monday and hit the lower circuit for the second straight on Tuesday. Vodafone Idea: Debt-ridden telecom services provider Vodafone Idea plans to clear about ₹2,400 crore wort of dues to the government by September.

Jio Financial, Vodafone Idea, Adani Energy, Hindalco, Piramal, TVS Supply Chain are among stocks likely to be in focus todayAsian markets traded on a mixed note on Wednesday as investors assess private business activity surveys from Australia and Japan, as well as inflation figures from Singapore. A flat end on the Wall Street also weighed on sentiment.Traders are now awaiting Nvidia Corp.’s results later Wednesday, which are set to test the fervor around the artificial-intelligence hype, while wider markets are marking time ahead of a speech from Federal Reserve Chair Jerome Powell on Friday.MSCI's broadest index of Asia-Pacific shares outside Japan were up 0.1%, hovering not far away from its nine-month trough hit just two sessions ago.

BrightcomSebi has passed a second interim order against the Brightcom Group, restraining Suresh Kumar Reddy and Narayan Raju from holding any directorial positions until further notice.SJS EnterprisesEvergraph Holdings, part of the promoter group, has sold partial stake in SJS Enterprises through multiple bulk deals on Tuesday.Read more: What changed the market while you were sleepingHindalcoHindalco Industries has planned a total investment of Rs 4,000 crore in an extrusion facility for freight wagons and coaches and a copper and e-waste recycling plant.BEMLBEML has bagged order from the ministry of defence for supply of command post vehicles with contact value of Rs 101 crore.Piramal EnterprisesThe Board has approved raising up to Rs 3,000 crore through issuance of debentures in one or more tranches.TVS Supply ChainThe shares of TVS Supply Chain will debut on the exchanges on Wednesday.

Why Vodafone - Idea Stock Price Is Rising ? Should...

Shares of Sona BLW Precision Forgings(up 3.46 per cent), Bharat Forge(up 2.72 per cent), Hero MotoCorp(up 0.86 per cent), Mahindra & Mahindra(up 0.78 per cent) and MRF(up 0.57 per cent) ended the day as top gainers in the pack. On the other hand, Eicher Motors(down 0.66 per cent), Samvardhana Motherson International(down 0.42 per cent), TIINDIA(down 0.18 per cent) and Tata Motors(down 0.05 per cent) finished as the top losers of the day. The Nifty Auto index closed 0.52 per cent up at 15507.9. Benchmark NSE Nifty50 index ended up 2.85 points at 19396.45, while the BSE Sensex stood up 3.94 points at 65220.03. Among the 50 stocks in the Nifty index, 28 ended in the green, while 22 closed in the red. Shares of Vodafone Idea, Suzlon Energy, Trident Ltd, Reliance Power and Zomato were among the most traded shares on the NSE. Shares of Yuken India, Dredging Corp, Birla Cable, Arham Technologies and Mold Tek Tech hit their fresh 52-week highs in today's trade, while Omaxe, Steel Exchange, Allcargo Terminals, Penta Gold and Jio Financial Servic hit their fresh 52-week lows.