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Nomura upgrades Vodafone Idea, increases target price sharply
Brokerage firm Nomura in its latest note has upgraded the telecom player Vodafone Idea to Neutral and has increased its target price for Vodafone Idea stock.
Vodafone Idea raises price of its recharge plans
Vodafone Idea has announced a basic rate rise. The corporation, according to the source, has lowered the validity term of its 99 plan.
Vodafone Group PLC’s financial woes continue as VIL seeks additional funding and plans layoffs
Vodafone PLC reveals that its Indian subsidiary, Vodafone Idea Limited (VIL), requires additional funding and liquidity support from lenders, raising concerns about its ability to meet liabilities. VIL's financial woes prompt the company to lay off approximately 11,000 employees while recording zero value for the Group's investment in VIL.
No more caller tunes as COVID-19 cases decline; netizens react with memes
Major operators like Bharti Airtel, Vodafone, Reliance Jio and Idea had changed their caller tunes as per the directive given by the Indian government.
Vodafone Idea approaches promoters to raise Rs 14,500 crore
The company has also sanctioned the issuance of up to 3.38 billion equity shares on a preferential basis.
Vodafone Idea likely to get loan after relief from GOI: Report
Last month, Vodafone Idea and Airtel chose to take advantage of the government's AGR dues moratorium, which was announced as part of the telecom relief package.
9 things to know about the relief package from government for the telecom sector
This decision is focused on relieving companies associated with the telecom sector such as Vodafone Idea that has to spend thousands of crores in unprovisioned past statutory dues. The approval of this package is being considered as the big bang moment of the current scenario.
As Birla offered his stock in Vodafone-Idea to govt, Airtel stock reaches new heights
As shown by the Telecom Regulatory Authority of India, Vodafone had over 277.6 million wireless subscribers as of May 31.
Vodafone-Idea to raise ₹25,000 crores
The company owes a debt of ₹58,254 crores to the Department of Telecommunications
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