Thu, Feb 22, 2024 3:05 PM
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A Flip by Riya Sharma
📌Vodafone Idea has narrowed its losses to Rs 7176 crore in the September quarter. 📌Varun Beverages has launched a qualified institutional placement on Wednesday. 📌Apollo Tyres posted a net profit of Rs 297 crore in the September quarter. 📌Sun TV posted a net profit of Rs 409 crore in the quarter ended September 2024.
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📌GIFT Nifty (Earlier SGX Nifty) signals a muted start. 📌India VIX rose 5.8% to settle at 15.44 levels. 📌The U.S. dollar revisited a one-year high against major peers on Thursday. 📌Foreign portfolio investors turned net sellers at Rs 2,502 crore on Wednesday. 📌The rupee moved in a narrow range and settled flat at 84.39 against the US dollar on Wednesday.
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Shares of debt-laden telecom operator Vodafone Idea will be in focus on November 14 as the firm's net loss narrowed in the September quarter and the ARPU went up. Vodafone Idea reported consolidated net loss at Rs 7,176 crore from Rs 8,737 crore last year. The telco had reported a net loss of Rs 6,432 crore in the previous quarter.
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