Vodafone Idea’s shares have jumped 14% in seven trading sessions, despite losing market share and active subscribers in May. ICICI Securities reported a dip of 1.3 million active subscribers for Vodafone Idea, while competitors gained. The company also announced changes to its Articles of Association, reducing the minimum shareholding for significant shareholders.
Patchy rains may hit rural lending, banks stay cautious
Bankers are closely watching monsoon rains and their impact on rural credit. Uneven rainfall poses inflation risks for summer crops and rural incomes. A strong