In a jolt to telecom firms, the Supreme Court has dismissed a batch of pleas filed by companies, including Vodafone Idea and Bharti Airtel, seeking correction of alleged errors in the Adjusted Gross Revenue.
Vodafone Idea shares have nearly halved from their recent peak of ₹19.18.
The Chennai-based company sold its shares between ₹249 to ₹263 per share. At the upper end of the price band, the company will have a post-listing market capitalisation of ₹4,244 crore.
The stock of Bharti Airtel rallied more than 3% in Thursday’s trade, taking the year-to-date gains to 62%. In comparison, the benchmark Nifty has gained 17% during the same period.
While the US central bank is widely expected to cut interest rates after the end of its two-day monetary policy meeting tonight, there is still uncertainty about the magnitude of the cut, whether it will be 25 basis points or…
In the unlisted market, shares of Western Carriers are trading at a premium of ₹35, which was lower than the previous day’s GMP of ₹50.
Rajiv Bajaj foresees Bajaj Auto’s stock reaching ₹20,000, following its climb to ₹12,050 on 18th September, just months after his earlier prediction of ₹12,000 was met.
Record date for the stock split has been fixed as Saturday, November 9, 2024.
Envision expects the aggressive rate cuts by the US Federal Reserve to augur well for markets like India.
The project includes an initial contract capacity of 200 MW with a greenshoe option for an extra 200 MW.