TOWERS
Who is carrying the Olympic torch through Paris? A BTS star, a garbage collector and more
Paris's torch relay featured Matthias Dandois and Clarisse Agbegnenou at Eiffel Tower, Thibaut Vallette on Bastille Day, Thierry Henry at Champs-Elysees. Jin of BTS carried the torch by the Louvre. Lassana Bathily honored 2015 attack victims at Pantheon. Francky Mbotto ran by Arc de Triomphe. Ludovic Franceschet brought it to City Hall, symbolizing peace.
F&O Ban List: Hindustan Copper, India Cements among 8 stocks under trade ban on Tuesday
Eight stocks are under the F&O trade ban on Tuesday: Aditya Birla Fashion & Retail, Chambal Fertilizers & Chemicals, GMR Airports, GNFC, Hindustan Copper, India Cements, Indus Towers, and RBL Bank. Balrampur Chini, Bandhan Bank, IEX, and PEL have moved out of the ban.
Is the upcoming Paris Olympics turning into a financial flop? Here's what we know
The upcoming Paris Olympics was touted to boost tourism and uplift the financial condition of France but there are no certainties on this happening, leading to concerns around it being a failure in the economic aspect of things, suggest reports. Will this turn out to be a fruitful investment for France in the end?
Media's natural role is to create discourse by discussing serious issues: PM Modi
Prime Minister Narendra Modi, speaking at the inauguration of INS Towers in Mumbai, expressed confidence that India will soon become the world's third-largest economy. He highlighted India's advancements in digital payments, noting how the country has embraced modern technology despite earlier skepticism. Modi credited India's UPI and digital infrastructure for improving people's lives and facilitating international money transfers. He praised the role of media in raising awareness and shaping public discourse, especially in popularizing concepts like startups before 2014.
F&O Ban List: GMR Infra, GNFC among 11 stocks under trade ban on Monday
Eleven stocks, including ABFRL and GNFC, are banned from F&O trade for exceeding 95% MWPL. The ban lifts if OI falls below 80%. Trendlyne Friday data: GMR 223.3M (104.1% MWPL); Chambal Fertilizers 10.1M (86.3% MWPL). Index traders are unaffected. Sensex reached 80,893.51, closing at 80,519.34; while Nifty hit 24,592.20, closing at 24,502.15.
'Media not just a mute spectator…', PM Modi emphasizes media’s role in changing India for the better
Prime Minister Narendra Modi on July 13 inaugurated the Indian Newspapers Society Towers in Mumbai. At the inauguration of the Indian Newspapers Society Towers, Prime Minister Narendra Modi said that Media also has a natural role to play, to create d...
- Go To Page 1
F&O Ban List: RBL Bank, Bandhan Bank among 10 stocks under trade ban on Friday
Ten stocks, including ABFRL, Balrampur Chini, Bandhan Bank, Chambal Fertilizers & Chemicals, GNFC, IEX, India Cements, Indus Towers, PEL, and RBL Bank, are under F&O ban. MWPLs above 95% trigger bans. S&P BSE Sensex at 79,897.34, Nifty at 24,315.95. Declines led by HDFC Bank, L&T, and Mahindra & Mahindra. OI decreased from previous session, disclaimer noted.
F&O Ban List: Chambal Fertilizers, GNFC among 10 stocks under trade ban on Thursday
Ten stocks, including ABFRL, Balrampur Chini, and RBL Bank faced Thursday F&O trade ban, crossing 95% MWPL. ABFRL's MWPL 84.4% fell 4.5% with 38.8M OI; India Cements at 98.6%. Sensex closed at 79,924.77, down 426.87 points. Market-wide limits reversal at 80% OI. HDFC Bank shares also impacted.
F&O Ban List: IEX, GNFC among 9 stocks under trade ban on Wednesday
The Future & Options contracts of any stock enter a ban period when its open interest (OI) exceeds 95% of the market-wide position limits (MWPL). The ban is lifted only when the open interest falls below 80% of MWPL
F&O Ban List: GNFC, Bandhan Bank among 8 stocks under trade ban on Tuesday
Eight stocks were under F&O trade ban on Tuesday: ABFRL, Bandhan Bank, Chambal Fertilizers, GNFC, Hindustan Copper, India Cements, Indus Towers, and PEL. F&O bans occur at 95% MWPL; lifted at 80%. Index traders avoid security bans.
Tower of God Season 2: Everything we know about trailer, plot, premiere date and where to stream
Tower of God Season 2 premieres on July 7. The new season, directed by Akira Suzuki, adapts the Return of the Prince arc. Fans can stream it on Crunchyroll after release. The first season is also available.
Sell Indus Towers, target price Rs 270: ICICI Securities
Indus Towers Ltd. key Products/Revenue Segments include Income from Infrastructure Activity for the year ending 31-Mar-2023.
F&O Ban List: India Cements and Indus Towers under trade ban on Wednesday
Stocks India Cements and Indus Towers under F&O ban. India Cements OI at 115.7%, down 1.9%, while Indus Towers at 80.2%, down 5.4%. Both trading above SMAs and facing ban reversal if OI drops. Market sees minor decline on Tuesday across sectors like banks and auto.
Vodafone UK may offer Rs 2,000 crore equity topup to Vi
Vi may also make more substantial payments to Indus towards cutting its dues after the telco raises debt of ₹23,000-25,000 crore through term loans as planned, analysts added. After the recent sale of its 18% stake in Indus, UK's Vodafone holds 3.1% of the tower company and is said to be in talks with Bharti Airtel to sell these shares, people familiar said.
Tariff hikes could help telcos see through 5G, infra spends...
Recent tariff hikes by telcos aim to boost ARPU, improve financial performance, and support tower installations for 5G rollouts. The industry seeks increased cash flows through regular tariff revisions to justify investments in new technologies like 5G.
Indus Towers releases pledge to enable UK’s Vodafone to sell 18% stake in tower company
While Indus Towers has released a pledge on a significant portion of Vodafone's stake, enabling an 18% sale, it retains a secondary pledge on the remaining 3.06%. This move stems from a security agreement established during the merger of Bharti Infratel and Indus Towers, wherein Vodafone's stake served as collateral for a $1.4 billion loan taken in 2019 to finance participation in Vodafone Idea's rights issue.
UK’s Vodafone Group sells 18% in Indus for Rs 15,300 crore
The stake sale proceeds will be used to clear bulk of the UK company’s existing lender dues relating to $1.8 billion of borrowings secured against its Indian assets.
Vodafone sells 18% stake in Indus Towers for Rs 15,300 crore to repay debt
Vodafone PLC said it has sold 484.7 million shares in Indus Towers and raised Rs 15,300 crore (€1.7 billion) in gross proceeds which will be used to repay debt. Shares of Indus Towers fell 6% to Rs 320.60, while Vodafone Idea stock were trading 2% higher at Rs 17.25.
Bharti Airtel buys extra 1% in Indus, boosts stake in towerco to Rs 48.95%
Bharti Airtel acquires 1% stake in Indus Towers, increasing ownership to 48.95%. Airtel aims to strengthen Indus amidst Vodafone Idea's financial challenges.
Indus Towers block deal size increased to 17.98% from 9.94%
The term sheet issued on Tuesday stated that Vodafone PLC would sell a 9.94% stake in the tower company. The shares are expected to be sold in the price range of Rs 310 to 341, representing a discount of 9.9% to 0.8% from Tuesday’s closing price. At the upper end of this range, the deal is expected to raise Rs 16,528 crore, or $1.8 billion.
Vodafone Idea's Indus stake sale could speed up repayments to towerco, which may issue dividend: JP Morgan
Vodafone Group's potential stake sale in Indus Towers may generate $2.3 billion in cashflows, prompting accelerated repayment to vendors and a special dividend to shareholders. The sale could clear past dues and benefit Vodafone Plc's lenders. An equity infusion might lead to a special dividend in FY25 for Indus Towers.
Amid delays in clearing dues, Vodafone Idea confident of support from operational creditors
Vodafone Idea (Vi) remains optimistic that its operational creditors, including network equipment suppliers Nokia and Ericsson, as well as tower vendor Indus, will maintain their support despite payment delays. Vi expects its forthcoming 4G and 5G initiatives to generate new business opportunities for these partners. According to Bharti Airtel chairman Sunil Mittal, Vi must settle all outstanding dues with Indus to continue using the tower company’s infrastructure for future services like 5G.
Vodafone looks to sell entire $2.3 bn stake in Indus Towers
Vodafone Group plans to divest its entire $2.3 billion stake in Indus Towers through stock market block deals next week to reduce debt. The British telecom giant currently owns 21.5% of Indus, with the final stake size dependent on market demand. Bank of America, Morgan Stanley, and BNP Paribas are managing the sale
Vodafone Idea must clear Indus Towers dues to avail tower company's new services: Sunil Mittal
Bharti Airtel chairman Sunil Mittal emphasized that Vodafone Idea must settle all past dues with Indus Towers to access new services like 5G. However, Mittal mentioned that the Indus board will remain flexible with its decisions even if Vi makes a significant payment and provides a schedule for the remaining amount. Airtel is a major stakeholder in Indus Towers.
Telecom service providers seek urgent intervention from DoT to curb rising equipment theft
Telecom service providers in India are facing a surge in theft of critical equipment, disrupting services and causing financial losses. This has prompted Lt. Gen. Dr SP Kochhar to urgently appeal to the Department of Telecommunications. The thefts mainly target Remote Radio Units and Baseband Units. Specific regions like Delhi NCR, Rajasthan, and Tamil Nadu are heavily impacted. Stolen equipment is rarely recovered, leading to service outages and legal challenges.
Vi expects to clear all vendor dues in FY26, say analysts
According to Vodafone Idea management, proceeds from Rs 18,000 crore FPO and proposed Rs 25,000 crore debt funding would enable telco to also upgrade network, say analysts.
Trai may give telcos time for upgrading their IT systems
Telecom operators are holding consultations with officials from the Telecom Regulatory Authority of India (Trai) regarding the new rules that have come into effect. Since a large amount of data has to be submitted and the format is also different, the industry needs some time to upgrade their systems.
Indus Towers facing a Rs 60 cr shortfall in collections from Vodafone Idea in Q4
Indus Towers received an additional Rs 360 crore from Vodafone Idea (Vi) for old dues, but analysts note a Rs 60 crore shortfall in collections. Despite this, Indus' trade receivables increased by Rs 430 crore sequentially in Q4FY24, reflecting the delayed collection of Vi's past outstandings, ultimately settled in April.
Load More
