News for Indus Towers Limited (INDUSTOWER.NS)

Indian equities rebounded in Q2 2025 amid rate cuts and capex surge. Explore how Baron India Fund is positioned for growth; see what’s driving returns.

CLSA expects that the NSE Nifty 50 may hit 26,333 or a record high in calendar year 2025 as the index is appearing to resume the original pattern. Indus Towers Ltd., Shriram Finance Ltd., and Cholamandalam Investment and Finance Ltd. are CLSA's choice for purchase.

Rakesh Gangwal and his family executed a significant block deal, selling a 5.72% stake in InterGlobe Aviation for ₹11,564 crore. This transaction, part of a phased exit strategy initiated after Gangwal's departure from the board in February 2022, reduces their holding to 7.81%. The sale, one of the largest recent secondary market deals, follows previous stake reductions by the family.

Indian markets slid sharply on Monday, tracking a broad selloff across Asia as fears of a deepening trade war rattled investor sentiment. The NSE Nifty 50 fell as much as 5.1%, its steepest one-day drop since early June, while volatility surged to an eight-month high. The rupee weakened to a six-week low against the dollar.

Vodafone Idea shares fell 3% after Macquarie downgraded the stock to 'Underperform' and cut its target price to Rs 6.50. The downgrade follows the government converting spectrum dues into equity, raising its stake to 48.99%, deepening concerns over high debt and future dilution.

Airtel shares ended 0.69% lower at Rs 1628.15 on Tuesday on BSE. The large cap stock has gained 2 per cent this year and risen 33% in a year.

Zydus Lifesciences said it has received final approval from the US health regulator to manufacture a generic version of Apalutamide tablets used in the treatment of prostate cancer

Shares of Zaggle slipped 4% to INR 346.10 during the morning trade on the BSE today (February 27), a day after an INR 2.6 Cr penalty was imposed by the Additional Commissioner, Rangareddy, Telangana under the IGST Act.

Shares of Zaggle Prepaid Ocean Services rose over 3% on February 25 after the fintech SaaS company secured three orders in just four days.

Vodafone Idea Ltd.'s stock dropped 6% on the NSE during Friday's intraday trade after the Supreme Court rejected review petitions from telecom firms seeking relief on their adjusted gross revenue dues. The ruling solidifies the Department of Telecommunications' calculations, leaving no further legal recourse for the telecom operators. The Supreme Court's decision, delivered on Feb. 14, dismissed challenges to its 2021 verdict.

Bharti Airtel Q3 Results: Telecom major Bharti Airtel reported significant growth in net profit, reaching Rs 14,781 crore in Q3, with an adjusted PAT growth of 121% YoY at Rs 5,514 crore. Revenue grew 19% YoY to Rs 45,129 crore, and EBITDA rose 24% YoY to Rs 24,480 crore.

The NSE Nifty index was trading 39.25 points up at 23244.6

Baron India Fund declined in the fourth quarter of 2024, outperforming its benchmark, the MSCI AC Asia ex Japan/India Linked Index. Read more here.

Baron Emerging Markets Fund declined in the fourth quarter of 2024, outperforming its benchmark, the MSCI EM Index. Read more here.

Buzzing Stocks Today, Stocks that will see action today: January 23, 2025 - Hindustan Unilever, HUDCO, Waaree Energies, Piramal Pharma, Paras Defence, Bharti Airtel, Laurus Labs, Samman Capital, Shiva Cement, Effwa Infra

Voda Idea share price: The stock surged 14.91 per cent to hit a day high of Rs 10.48. At this price, it has gained 35.40 per cent in just five trading days.

The NSE Nifty index was trading 119.21 points up at 23322.4

The NSE Nifty index was trading 12.75 points up at 23215.95

India Business News: British telecom firm Vodafone has sold its 3% stake in Indus Towers for Rs 2,800 crore, allocating Rs 890 crore for lender debt clearance and utilizin