Vodafone Idea Jumps Over 3% Amid Reports Of Funding Talks With PFC, REC
Tue, Sep 10, 2024 12:00 PM

Vodafone Idea Jumps Over 3% Amid Reports Of Funding Talks With PFC, REC

A Flip by Shubhangi Gupta
Get it on Google Play
Shares of Vodafone Idea soared after reports said that the Indian telecom giant was in discussions with state-owned lenders Power Finance Corp (PFC) and REC to secure loans for its medium-term funding requirements. Vodafone Idea and its parent company, Aditya Birla Group (ABG), have been in discussions with PFC and REC for the past fortnight, according to a report by The Economic Times.

More great flips

Zomato upends tradition with Sensex entry

Zomato upends tradition with Sensex entry

Zomato will make history on Monday as the first new-age tech stock to be included in the prestigious BSE Sensex, replacing JSW Steel in a half-yearly rebalancing of constituents. This signals a significant shift in the Indian business landscape. While the rejig is routine, Zomato's inclusion in the club of India's most influential companies underscores the growing prominence of the digital sector.

Open Flip
China Property Flare-Ups Resurface as Crisis Enters Fifth Year

China Property Flare-Ups Resurface as Crisis Enters Fifth Year

One of China’s leading developers is now on authorities’ radar for default risk. A major Hong Kong builder is asking lenders to extend loans. Another industry peer is selling an iconic but largely empty mall in Beijing. As China’s property debt crisis enters its fifth year, there’s little indication that distressed developers are finding it easier to repay debt as a slump in home sales continues.

Open Flip
D. Trump transfers some of his Trump Media shares to recovable trust

D. Trump transfers some of his Trump Media shares to recovable trust

Donald Trump has transferred all his stake in Trump Media & Technology worth over $4 billion to a revocable trust of which he is the sole beneficiary. In November, Trump said that he had no intention of selling his shares in the company, which owns the Truth Social media platform. The company was listed on NASDAQ in March 2024.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon