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.
Will RBI announce steep rate hikes? Nomura sees up to 50 bps increase by Dec, dismisses 125 bps hike fears
Nomura expects the RBI to pursue a limited tightening cycle, with a possible 50 bps rate hike by December, as food and energy pressures rise