Vodafone Idea, which is yet to roll out 5G services, no longer needs to submit these bank guarantees and the Centre’s decision now opens the space for lenders to extend much-needed credit to the struggling telco. It urgently needs funding to ramp up 4G coverage and roll out 5G soon to catch up with bigger rivals Jio and Airtel.
Dollar set for weekly gains as yields surge, Fed bets build
The dollar has achieved consecutive weekly gains for the first time in over three months, bolstered by rising Treasury yields. Anticipations of additional rate hikes