UK’s Vodafone Group and India’s Aditya Birla Group are facing increasing pressure from the government and lenders to infuse equity into Vodafone Idea-their cash-strapped telecom joint venture-to shore up external investor confidence. One of the avenues available to the British telco is selling its remaining or part of the 21.05% stake in Indus and injecting the proceeds into Vi. Bharti Airtel owns 47.95% in Indus.
Aarti Pharmalabs shares rally over 33% in two days post Q1 results. What is driving the surge?
Aarti Pharmalabs shares have surged 33% in two days after the company reported a 65.4% year-on-year rise in Q1FY27 profit and 38.7% growth in revenue.