Indian Market

Vodafone Idea Shares Surge 10% as Government Converts Rs 36,950 Crore Dues into Equity

Vodafone Idea Shares Surge 10% as Government Converts Rs 36,950 Crore Dues into Equity

/ Indian Market /

Shares of Vodafone Idea Ltd. (VI) jumped 10% in the opening session on April 1 after the company announced that the Central Government will convert its outstanding spectrum dues into equity shares. VI will issue 3,695 crore equity shares at a price of Rs 10 per share, converting dues worth Rs 36,950 crore into stock. […]

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NSE Revises Market Lot Sizes for Derivative Contracts on Select Indices

NSE Revises Market Lot Sizes for Derivative Contracts on Select Indices

/ Indian Market /

The National Stock Exchange (NSE) has announced changes to the market lot sizes for derivative contracts on certain indices, which will come into effect from April 25, 2025. These changes will impact traders and investors dealing in Nifty Bank and Nifty Mid Select index derivatives. As per the revised structure, the lot size for BANKNIFTY

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Adani Green Energy’s Subsidiary Starts 37.5 MW Solar Power Project in Gujarat’s Khavda

Adani Green Energy’s Subsidiary Starts 37.5 MW Solar Power Project in Gujarat’s Khavda

/ Indian Market /

Adani Green Energy Ltd (AGEL) announced on March 29 that its fully-owned subsidiary, Adani Renewable Energy Fifty Seven Ltd, has successfully commissioned a 37.5 MW solar power project in Khavda, Gujarat. With this addition, the company’s total renewable energy capacity has now reached 13,737.8 MW. Just a day before this development, AGEL secured a 400

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India Receives 200 Proposals to Build Indigenous AI Models Under IndiaAI Mission

India Receives 200 Proposals to Build Indigenous AI Models Under IndiaAI Mission

/ Indian Market /

India has received nearly 200 proposals for developing homegrown artificial intelligence (AI) models tailored to Indian datasets, languages, and contexts under the IndiaAI Mission. This initiative aims to create indigenous AI solutions and reduce reliance on foreign models. Abhishek Singh, Additional Secretary, Ministry of Electronics and Information Technology (MeitY), stated that India has significant AI

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RBI to Meet Bankers Next Week for Discussions on New Liquidity Management Model

RBI to Meet Bankers Next Week for Discussions on New Liquidity Management Model

/ Indian Market /

The Reserve Bank of India (RBI) is set to meet bank economists on April 3 to discuss possible changes in its liquidity management framework. The central bank aims to ensure that borrowing costs remain better aligned with its policy rate, according to sources familiar with the matter. Currently, the RBI primarily uses a 14-day repurchase

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Bharti Airtel Prepays ₹5,985 Crore in Spectrum Dues, Redeems $1 Billion in Debt

Bharti Airtel Prepays ₹5,985 Crore in Spectrum Dues, Redeems $1 Billion in Debt

/ Indian Market /

Telecom giant Bharti Airtel and its subsidiary Bharti Hexacom have prepaid an additional ₹5,985 crore of expensive spectrum debt to the Department of Telecom (DoT) and redeemed $1 billion of perpetual bonds, an exchange filing on March 26 stated. With this recent move, Airtel has now prepaid ₹25,981 crore of spectrum liabilities for FY25 and

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HAL Shares Gain 3% as GE Aerospace Supplies First of 99 Tejas Engines After Delays

/ Indian Market /

Hindustan Aeronautics Ltd. (HAL) stocks rose over 3% on March 26 after GE Aerospace announced the delivery of the first F404-IN20 engine for the Tejas Light Combat Aircraft (LCA) Mk 1A fighter jet. HAL stocks stood at ₹4,152 per share in afternoon trading. GE Aerospace highlighted the importance of the milestone in its four-decade partnership

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Trent Shares Jump 3% as Westside Expands Store Network to 244 with Three New Openings

Trent Shares Jump 3% as Westside Expands Store Network to 244 with Three New Openings

/ Indian Market /

Shares of Trent Ltd. surged over 3% on March 26 after the company announced the expansion of its Westside retail chain with three new store openings across multiple cities. The Tata Group company’s stock was trading at ₹5,360 per share in the afternoon, marking gains for the second straight session. In separate exchange filings, Trent

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Vodafone Idea Seeks Spectrum Surrender to Reduce Rs 6,091-Crore Bank Guarantee Obligation

Vodafone Idea Seeks Spectrum Surrender to Reduce Rs 6,091-Crore Bank Guarantee Obligation

/ Indian Market /

Vodafone Idea (Vi) has urged the Department of Telecommunications (DoT) to permit the surrender of some spectrum acquired before 2021. This move aims to lower its bank guarantee (BG) requirement for the March 2015 auction from Rs 6,091 crore to Rs 2,900 crore, as the financially struggling telecom firm faces challenges in meeting the payment.

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