Vodafone Idea shares plummeted after the Supreme Court rejected its plea to waive over $5 billion in interest and penalties on statutory dues. The telecom operator, burdened with $25 billion in net debt, had sought relief from the Department of Telecommunications, warning about its survival. Despite the government converting some dues into equity, the company faces significant financial stress.
West Asia tensions rattle capital goods stocks; L&T, KEC slide
Engineering and capital goods stocks are under pressure due to the Iran-Israel conflict, with the BSE Capital Goods index falling nearly 4%. Companies like Larsen
March 5, 2026