Indian Market

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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India Imposes Anti-Dumping Duty on Acetonitrile Imports from China, Russia, and Taiwan

India Imposes Anti-Dumping Duty on Acetonitrile Imports from China, Russia, and Taiwan

/ Indian Market /

The Directorate General of Trade Remedies (DGTR) has recommended imposing an anti-dumping duty on Acetonitrile imports from China, Russia, and Taiwan for five years. This decision, announced on March 21, aims to protect the domestic industry from unfair pricing practices. The DGTR also stated that the duty would be equal to the lesser of the

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Ola Electric Subsidiary Resolves Dispute with Rosmerta Group, Insolvency Petition to Be Withdrawn

Ola Electric Subsidiary Resolves Dispute with Rosmerta Group, Insolvency Petition to Be Withdrawn

/ Indian Market /

Ola Electric announced on March 25 that its wholly owned subsidiary has settled all outstanding dues with Rosmerta Group, leading to the withdrawal of an insolvency petition filed against the company. The electric scooter maker informed the stock exchanges that Rosmerta Group will now withdraw its case against Ola Electric Technologies from the National Company

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UCO Bank Shares in Spotlight as It Launches ₹2,000 Crore QIP

UCO Bank Shares in Spotlight as It Launches ₹2,000 Crore QIP

/ Indian Market /

Shares of UCO Bank are expected to remain in focus as the state-owned lender launches a ₹2,000 crore Qualified Institutional Placement (QIP) on March 24. The issue is priced at ₹34.2 per share, which is at a discount compared to the bank’s previous closing price. In the past six months, UCO Bank’s stock has dropped

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Vodafone Idea Seeks More Government Help to Manage AGR and Spectrum Dues

Vodafone Idea Seeks More Government Help to Manage AGR and Spectrum Dues

/ Indian Market /

Telecom operator Vodafone Idea has approached the Indian government for additional financial assistance as it struggles to repay its adjusted gross revenue (AGR) and spectrum dues, according to a report by NDTV Profit. In a letter sent to Telecom Secretary Neeraj Mittal on March 11, the company has requested the government to convert a larger

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