Shares of Indus Towers and Vodafone Idea plummeted by 10.03% to 21.30% on Thursday following the Supreme Court’s rejection of a plea to re-compute adjusted gross revenue (AGR) dues.
Vodafone Idea Ltd leads losers in ‘A’ group (19-09-2024)
Indus Towers Ltd, Chambal Fertilisers & Chemicals Ltd, IIFL Finance Ltd and Nava Ltd are among the other losers in the BSE’s ‘A’ group today, 19 September 2024.
US Fed rate cut may not hit foreign inflows into India (19-09-2024)
The US Fed rate cut of 50 basis points is unlikely to have any significant impact on foreign inflows into India, Economic Affairs Secretary Ajay Seth said on Thursday. He said the US Federal Reserve has done what it assesses is good for the largest economy in the world, but the RBI will take a decision on interest rate cut keeping the Indian economy in mind. “It is a positive for the global economy, including the Indian economy. “It is a 50 basis points cut from a high level.
Vodafone Idea shares fall up to 20% on SC’s AGR plea rejection. Is the worst over? (19-09-2024)
Vodafone Idea Share Price: Vodafone Idea shares plunged 20% after the Supreme Court rejected its plea to recalculate AGR dues. Analysts believe the company will need to raise funds to repay the dues. Competition and tariff hikes may further impact Vodafone Idea’s survival.
Nazara Tech hits record high after raising Rs 900 cr; to acquire 19% stake in Absolute Sports (19-09-2024)
Nazara Technologies announced that it has raised Rs 900 crore through preferential issue of equity share at Rs 954.27 per share.
Nazara Tech hits 52-week high after raising Rs 900 cr; to acquire 19% stake in Absolute Sports (19-09-2024)
Nazara Technologies announced that it has raised Rs 900 crore through preferential issue of equity share at Rs 954.27 per share.
Veeram Securities Ltd leads losers in ‘B’ group (19-09-2024)
P N Gadgil Jewellers Ltd, Ecos (India) Mobility & Hospitality Ltd, Kriti Industries (India) Ltd and PTC India Ltd are among the other losers in the BSE’s ‘B’ group today, 19 September 2024.