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.
D-Street heats up to 9-month high as West Asia cools
Indian equity markets soared to a nine-month peak, propelled by banking stocks and improved investor confidence due to easing geopolitical tensions in West Asia. The
June 27, 2025