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…
ITI Q3 Results: State-run telecom equipment manufacturer ITI posted strong results for the quarter ended December 31, 2024 (Q3FY25). It reported a net loss of â‚ą48.9 crore for the quarter, significantly improving from the â‚ą101.3 crore loss recorded in the same quarter of the previous fiscal (Q3FY24). Meanwhile, the company’s revenue from operations soared 299.73…
The big day is here! FM Sitharaman will deliver her 8th Budget speech at 11 a.m. Even though it’s a Saturday, stock markets (BSE and NSE) will remain open. This will be her second full Budget under Modi 3.0 and her eighth overall, including six annual and two interim Budgets during the NDA tenure. From…
The economic tailwinds and improving industry conditions, however, aren’t the only factors driving earnings growth and momentum across India’s corporate space. Also helping the cause are rising cash flows, prudent balance sheets and falling leverage. This is despite several companies, across sectors, spending more on capital expenditure and energy-transition initiatives. Alongside improving earnings and margins,…
In a significant move to enhance mobile and broadband services in India, the Telecom Regulatory Authority of India (Trai) has issued new quality of service (QoS) regulations, mandating telecom service providers to ensure better network performance and transparency. Penalties for non-compliance of each QoS benchmark starts at â‚ą1 lakh. A second offence raises the fine…
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…
