News for Usha Martin Limited (USHAMART.BO)

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For the December quarter, Centrum Broking sees Vodafone Idea to report a net loss of Rs 7,129 crore, which would be lower than Rs 7,741 crore in the same quarter last year.

Shares of Vodafone Idea fell 0.25% to Rs 8.10 on BSE on Monday. Market cap of the firm stood at Rs 56,456 crore.

Stocks including Tata Motors, Syngene, JSW Steel, Bharat Electronics, Vodafone Idea, Bharat Forge, NHPC, Torrent Power and more will be in the spotlight on Tuesday, December 10.

India Business News: NEW DELHI: Ailing telecom operator Vodafone Idea on Monday said its board approved the issuance of up to 175.

Promoter group invests ₹1,980 crore in Vodafone Idea through preferential issue, boosting Vi's financial stability.

Vodafone Idea’s board of directors approved the issuance of upto 1.76 billion equity shares at a price of Rs 11.28 per share to two Vodafone group entities - Rs 1280 crore to Omega Telecom Holdings Pvt Ltd and Rs 700 crore to Usha Martin Telematics Ltd, the Indian telco said in an exchange filing on Monday.

Vodafone sold its final 3% stake in Indus Towers for Rs 2,801.7 crore. Multiple global investors purchased the shares. Vodafone will use some proceeds to repay debt. The remaining amount will be invested in Vodafone Idea. This investment will help Vodafone Idea pay its dues to Indus Towers. Vodafone Idea's financial health is crucial for Indus Towers.

Vodafone Idea Share Price: Vodafone has fully exited Indus Towers via a Rs 2,800 crore block deal, causing Indus Towers' shares to rise while Vodafone Idea's dipped. Vodafone will use the proceeds to repay debt and potentially invest in Vodafone Idea, which plans a Rs 2,000 crore fundraise.

Vodafone PLC announced the sale of its remaining 3% stake in Indus Towers on Wednesday, with proceeds to be used to repay Vodafone Idea's debt. The funds will primarily cover a $101 million loan, secured against Vodafone's Indian assets.

Nov 07, 2024 / 08:30AM GMTOperator Welcome to the earnings conference call of Usha Martin Limited. (Operator Instructions) Please note that this conference is b

Indian indices closed in the red on Tuesday, dragged by heavyweights like Reliance Industries, financial, and IT stocks. A higher-than-expected September inflation report dampened hopes for a rate cut, souring investor sentiment.

Indian benchmark equity indices Sensex and Nifty50 logged daily and weekly losses on Friday, weighed down by foreign outflows, slowing corporate earnings and escalating tensions in the Middle East.

The Nifty IT index closed 0.59 per cent up at 42335.7.

Pavna Industries, Naga Dhunseri Group, Sudarshan Chemical, Usha Martin and Neuland Labs, hit their fresh 52-week highs during the day.

The NSE Nifty index closed 34.21 points down at 24964.25

The NSE Nifty index closed 34.21 points down at 24964.25

M&M, TCS, ICICI Bank, Cipla and Maruti Suzuki were among the top losers on NSE in today's trade.

The Nifty Pharma index was trading 0.6 per cent up at 23444.3.