Vodafone Idea, Bharti Airtel shares in focus today after SC allows tax credit claims on infra duties

 21 Nov 2024 07:35 AM

The Supreme Court of India has ruled that telecom companies can claim tax credits for duties paid on equipment like tower components and shelters. This decision overturns a previous Bombay High Court ruling and is expected to provide significant financial relief to companies like Bharti Airtel and Vodafone Idea by allowing them to claim credits previously deemed ineligible.

Banks seek more collateral for Vi LCs, putting its upgrade plans in jeopardy

 21 Nov 2024 12:16 AM

Vodafone Idea's network upgrade plans face potential delays as banks demand additional collateral for issuing letters of credit to equipment suppliers. Despite claims of sufficient funds for the fiscal year, banks remain cautious due to Vi's substantial debt, including AGR dues. This situation could hinder Vi's ability to compete effectively with rivals like Jio and Airtel.

SC rules in favor of telcos, allows Cenvat credits on infrastructure duties

 20 Nov 2024 08:49 PM

The Supreme Court gave a favorable decision for telecom companies. The court said that these companies can claim tax credits on telecom infrastructure. This includes things like towers and buildings. The decision could benefit companies like Bharti Airtel and Vodafone Idea. Experts believe this will encourage investment in the telecom sector.

Goldman Sachs sees 66% downside in Vodafone Idea; here's why

 20 Nov 2024 01:24 PM

Goldman Sachs has reiterated its 'sell' rating on Vodafone Idea following a weaker-than-expected second quarter, setting a target price of Rs 2.40, implying a 66% downside from Tuesday's BSE closing price. The brokerage firm also highlighted concerns over the company's market share, free cash flow, and lagging capital expenditure (capex), despite being well-funded in the short term.

Volume Shocker: MFs lap up over 1 crore shares of these 10 stocks in October

 19 Nov 2024 03:35 PM

ETMarkets highlights stocks with significant MF share additions in October, including Vodafone Idea, IndusInd Bank, and Suzlon Energy, all seeing price declines of over 20% and large MF investments.

New tower companies bank on Vodafone Idea, BSNL expansion

 17 Nov 2024 10:55 PM

New companies are entering India's telecom tower market, challenging giants like Indus Towers and Data Infrastructure Trust. These startups offer competitive pricing and innovative solutions, attracting investments and partnerships with major telecom operators like Vi and BSNL. Despite facing hurdles like right-of-way issues, they aim to capitalize on the growing demand for 5G and network densification, particularly in underserved areas.

Vi's turnaround at risk after plan to raise ₹25,000 crore debt hits a snag

 16 Nov 2024 12:23 AM

Vodafone Idea's financial turnaround is in jeopardy as its ₹25,000 crore debt-funding plan faces delays following the Supreme Court's AGR ruling. The delay raises concerns about Vi's ability to invest in 4G and 5G expansion, crucial for competing with rivals Jio and Airtel. Analysts predict government intervention, including converting dues into equity, to prevent the telco's collapse.

Vi's debt funding plan could face more delay: CEO Akshaya Moondra

 15 Nov 2024 12:24 AM

Vodafone Idea needs funds for 4G and 5G expansion. Banks are hesitant to lend until there is clarity on AGR dues. The telecom operator awaits government response on potential relief measures. Vodafone Idea has already secured ₹24,000 crore in equity funding. The company plans to invest in network expansion and 5G rollout in key markets by the fourth quarter.

Vodafone Idea's debt funding plan could face more delay: CEO Akshaya Moondra

 15 Nov 2024 12:24 AM

Vodafone Idea needs funds for 4G and 5G expansion. Banks are hesitant to lend until there is clarity on AGR dues. The telecom operator awaits government response on potential relief measures. Vodafone Idea has already secured ₹24,000 crore in equity funding. The company plans to invest in network expansion and 5G rollout in key markets by the fourth quarter.

If production, transport and insurance costs are constant, fuel will be cheaper: Oil minister Hardeep Singh Puri

 15 Nov 2024 12:06 AM

The Indian government is considering separating natural gas transportation and marketing. Oil Minister Hardeep Singh Puri said the government is open to the idea but will proceed carefully. Puri mentioned the progress on including natural gas under GST. He also discussed fuel prices, the impact of the US election on global conflicts, and the BJP's performance in Punjab.