Vodafone exits Indus Towers, sells shares worth Rs 2,800 cr; clears Rs 890 cr dues
British telecom firm Vodafone has sold its entire stake in Indus Towers for Rs 2,800 crore, the telecom infrastructure firm said on Friday. Vodafone has sold 7.92 crore or 3 per cent stake in Indus Towers and used Rs 890 crore from the proceeds to clear lenders dues, the company said in a regulatory filing.
Vedanta seeks $450 million to repay top-performing junk bonds
Vedanta’s notes maturing in April 2026 were among the top performers in India’s high-yield sector last year, delivering an 80% return as Agarwal worked to reduce the group’s debt. Junk bonds offered the highest returns in 2024 for dollar-denominated issuances by Indian companies.
Mark Matthews sees risk of 20% market correction in 2025, warns valuations are high
We have not reduced our own risk in our portfolios. But we are suspecting that at some point this year, there will be a reason to do so and so for now, no. But at some point, yes, there will be a time to move into cash.
Delta Corp shares soar over 15% after SC stays GST notices to online gaming companies
Delta Corp shares surged 15.4% to Rs 130.8 after the Supreme Court stayed proceedings on show cause notices worth Rs 1.12 lakh crore issued by GST authorities to online gaming companies. The stay provides relief to gaming firms, including Gameskraft and Games 24×7, as they are not required to pay the tax amount until the […]
Trump 2.0: Executive orders to shape US economy and global markets: ED Yardeni
We are going to have to wait a while to see what gets through and once it gets through, we will all be trying to assess the economic impact. On balance, it will be okay for the economy, but for right now it creates a lot of uncertainty.
IREDA shares dip 3% after reporting Q3 results
IREDA share price: In Q3FY25, total revenue from operations rose by 35.6% year-on-year, reaching Rs 1,698.45 crore, compared to Rs 1,252.85 crore in the same quarter of the previous financial year.
Banking and FMCG poised for growth amidst market correction: Anand Tandon
But I think now slightly a somewhat more realistic picture is emerging. Despite that, if you see other than the commodity stocks, most of the stocks are trading at 60 to 90 times forward earnings which is hardly the place that you would want to buy.
BR Goyal Infrastructure IPO share allotment likely today. Check status, GMP, listing date and other details
The shares allotment for BR Goyal Infrastructure IPO is set to be finalized today. Investors can check their allotment status via the BSE or Link Intime India website. The company’s shares will debut on exchanges on January 14. BR Goyal Infrastructure IPO received a subscription of 118 times and is commanding a GMP of around […]
Delta Autocorp IPO share allotment expected soon. Here’s how you can check status and GMP
Delta Autocorp IPO received a strong response with a subscription of 340 times, driven by non-institutional and retail investors. Investors can check the allotment status through the NSE or Link Intime India websites. The company’s shares showed a potential upside in the grey market.
Barflex Polyfilms IPO: Check price band, GMP and other details
Barflex Polyfilms’ Rs 39 crore IPO has opened for public subscription. The IPO comprises a fresh equity sale of Rs 12 crore and an offer for sale of 45.16 lakh shares, with a price band of Rs 57-50 apiece. Barflex Polyfilms manufactures flexible packaging materials catering to various industries, including FMCG, pharmaceuticals, and cosmetics.