The Centre is not considering any further equity infusion in Vodafone Idea after conversion of the company’s dues worth â‚ą36,950 crore into equity. In an interaction with Mint, Union communications minister Jyotiraditya Scindia also said there are no plans to merge the company with state-owned BSNL. On the broader sector, Scindia, who is set to…
Here’s a quick look at stocks likely to be in focus in today’s trade. Vodafone Idea, Bharti Airtel: The Supreme Court has dismissed review petitions filed by Vodafone Idea and Bharti Airtel, seeking corrections in the calculation of Adjusted Gross Revenue (AGR) dues. This verdict upholds the court’s 2021 decision, leaving the telecom firms with…
Markets were roiled last week when the government-run Mahanagar Telephone Nigam Ltd, or MTNL, informed the stock exchanges that due to insufficient funds it wouldn’t be able to pay interest due on a â‚ą2,480-crore loan it had raised last year. The loan was for 10 years with a semi-annual coupon rate of 7.59%. MTNL has…
