GAGA Share Market News

[hfe_template id='11223'] [ad_1] Vodafone Idea share surged 7% to an intraday high of Rs 8 on the BSE after the letter from the Department of Telecommunications (DoT) waived the need for bank guarantees worth about Rs 33,000 crore for past spectrum auctions. Shares of Bharti Airtel also ticked marginally higher. The bulk of the relief, amounting to Rs 24,800 crore, applies to Vi, a relative straggler. “The letters to the telcos were sent on December 27,” as reported by ET earlier. The BG waiver will apply to spectrum auctions conducted in 2012, 2014, 2015, 2016, and 2021. Spectrum auctions conducted in 2022 and 2024 have already done away with the requirement for BGs based on the 2021 telecom reforms package. Telcos were otherwise required to furnish the guarantees to the Department of Telecommunications (DoT) to cover for spectrum payments in past auctions. Also read: Ventive Hospitality shares to debut today. Here's what GMP indicatesVodafone Idea, which is yet to ...

[hfe_template id='11223'] [ad_1] Shares of ITI Ltd, a public sector telecommunications giant, surged as much as 9.4% to Rs 403.75 on the BSE, marking the third straight session of gains on Tuesday. This rally extends a remarkable one-week climb of over 40%, fueled by soaring trading volumes and renewed investor interest. The rally comes on the back of strong business developments. On November 19, ITI secured a Rs 95 crore contract from the Directorate of Geology & Mining, Government of Uttarakhand, for its Mining Digital Transformation & Surveillance System (MDTSS) project. Under this deal, ITI will develop, implement, and maintain the MDTSS across 40 check gates in key districts, including Dehradun and Haridwar. Earlier in November, ITI emerged as the lowest bidder for three packages of the BharatNet Phase 3 project, valued at Rs 4,559 crore. BharatNet Phase 3 aims to expand India’s broadband infrastructure, and ITI will manage tasks including design, supply, an...

[hfe_template id='11223'] [ad_1] Indian Railway Finance Corporation Share Price 152.4 03:59 PM | 11 Oct 2024 0.97(0.65%) Suzlon Energy Share Price 74.39 03:59 PM | 11 Oct 2024 -1.05(-1.4%) Indian Renewable Energy Development Agency Share Price 228.61 03:59 PM | 11 Oct 2024 -5.08(-2.18%) Tata Motors Share Price 930.7 03:59 PM | 11 Oct 2024 2.21(0.24%) YES Bank Share Price 21.4 04:00 PM | 11 Oct 2024 -0.03(-0.1%) HDFC Bank Share Price 1651.0 03:59 PM | 11 Oct 2024 -11.41(-0.69%) NHPC Share Price 90.92 03:59 PM | 11 Oct 2024 0.11(0.13%) Rail Vikas Nigam Share Price 475.4 03:59 PM | 11 Oct 2024 -5.16(-1.08%) State Bank of India Share Price 799.75 03:59 PM | 11 Oct 2024 2.65(0.34%) Tata Power Company Share Price 461.15 03:59 PM | 11 Oct 2024 -4.5(-0.97%) Tata Steel Share Price 160.66 03:59 PM | 11 Oct 2024 0.94(0.59%) Adani Power Share Price 642.3 03:58 PM | 11 Oct 2024 -3.11(-0.49%) One97 Communications Share Price 724.5 03:59 PM | 11 Oct 2024 -7.5(-1.03%) Punjab National Ba...

[hfe_template id='11223'] [ad_1] Shares of Bharti Airtel will be in focus on Tuesday after the company prepaid dues worth Rs 8,465 crore to the government, partially settling its outstanding spectrum fees from a 2016 auction, the telecom carrier announced on Monday. “Bharti Airtel, one of India’s leading telecommunications service providers, today said that it has prepaid Rs 8,465 crore to the Department of Telecom (Government of India) against spectrum acquired in 2016. These liabilities carried an interest rate of 9.3%,” the company stated in its press release. The company’s stock dropped 1.5% on Monday, closing at Rs 1,709.90. This payment is the first made by the country’s second-largest telecom operator for the spectrum it acquired for $2.13 billion in 2016. Spectrum refers to the rights to use specific airwaves for a designated period. Telecom operators have accrued substantial dues to the government for spectrum fees due to years of intense auctions and competitiv...