Voda Idea in advanced talks with vendors for 5G rollout, launch subject to funding
Vodafone Ideas chairman Ravinder Takkar, in turn, has reiterated that the telco remains committed to ramping up 4G coverage and launching 5G. “The company will continue to make investments for expanding 4G coverage and capacity, especially in its 17 priority circles and introduce 5G services once funding is in place,” Takkar said in Vis latest annual report. Key Points
Economic TimesMadame aims for 27% revenue jump in FY24 to reach Rs 470 crore, says Akhil Jain
In order to fuel its future growth plans, Madame is focusing on expanding its retail presence in the South and West regions of the country. In the fiscal year 2023-24, it plans to add approximately 12 stores across eight cities in these regions. Key Points
FinancialexpressGovt taking initiatives to expand UPI's global reach: Pankaj Chaudhary
Minister of State for Finance Pankaj Chaudhary announced that the government and RBI are working to expand the global reach of UPI, which is currently available in seven countries. The RBIs Payments Vision Document 2025 includes global expansion of UPI and RuPay cards as a key goal. Efforts involve collaboration with international stakeholders and institutions. UPI is now operational in Bhutan, Singapore, the UAE, France, Mauritius, Sri Lanka, and Nepal. Key Points
Economic TimesReady for re-rating once again? 4 stocks from textile sector with upside potential of up to 24%
In past 3 years, a host of sectors have been making a comeback. There are two kinds of comebacks, first is in terms of macro structure of the business witnessing an improvement and hence the bottomline showing an improvement and second is in the stock price performance. Both are very different and that's the most important needed to be taken into account. In last 8-9 years, there has been a policy-level effort to revive sectors like textiles for two reasons. First, it is a labor-intensive sector and impacts a large number of people. Second, there was an opportunity to cut imports and push exports. All the policy efforts were having a moderate impact but then came Covid and China plus one came into the picture, changing the whole picture externally. Internally, help came in the form of the PLI scheme which helped some companies reduce cost of capital and resources for expanding. This list is drawn from Stock Reports Plus, powered by Refinitiv, with over 4,000 listed stocks along with detailed company analysis focusing on five key components - earnings, fundamentals, relative valuation, risk and price momentum. Key Points
Economic Times2 Indian-origin bizmen to fight London mayoral poll
The election for London’s mayorship is scheduled for May 2 and the battleground of candidates challenging incumbent Sadiq Khan is gradually expanding... Key Points
The Tribune India
Oil demand growth in India to taper in 2024 after bumper years
Consumption will expand 150,000 barrels a day in 2024, down from about 290,000 barrels a day seen from 2021 to 2023, according to Rystad Energy Head of Oil Trading Mukesh Sahdev. The drop will return growth near the pace seen from 2011 to 2019, he said. The International Energy Agency, meanwhile, sees growth halving to 100,000 barrels a day, as per its November report. Key Points
Economic TimesIndia, Bhutan to expand cross-border linkages
India and Bhutan have decided to strengthen their cross-border ties by expanding bilateral cooperation in various areas. During a meeting between Prime Minister Narendra Modi and Bhutanese King Jigme Khesar Namgyel Wangchuck, they discussed enhancing collaboration in trade, technology, cross-border connectivity, mutual investments, education, and people-to-people connections. Key Points
Economic TimesFrom rags to riches: Andhra farmer earns Rs 4 crore in just 45 days from 'expensive' tomatoes
He had previously suffered losses due to plummeting tomato prices last year, which left him in a debt of Rs 1.5 crore. Through enhanced power supply, favorable prices, and good crop quality, the farmer achieved 35 successful tomato harvests with the potential for up to 20 more. Murali plans to invest his earnings in expanding his agricultural ventures and acquiring 20 acres of land in his village. His success serves as an inspiration for struggling farmers. Key Points
Economic TimesGovt plans to introduce bills to amend companies, insolvency laws in Parliament's monsoon session
The IBC, which came into force in 2016, provides for a market-linked and time-bound resolution of stressed assets. It has already undergone various amendments. On January 18, the ministry proposed a raft of changes to the IBC, including fast-tracking the process, expanding the scope of the pre-packaged framework and developing an electronic platform with minimal human interface. Key Points
Economic Times