Wednesday, August 19
New Delhi: Vodafone Idea (Vi) has technically got a 10-year breather to pay more than 95% of its adjusted gross revenue (AGR) dues, officials said, referring to the pivotal relief package that would allow the struggling telco to recover financially. Vi stock, which had slumped on Wednesday, surged Thursday after some clarity emerged on potential benefit to the company.Vodafone Idea's shares opened higher on BSE Sensex on Friday and were up nearly 2.5% in initial trade.Officials told ET the government has frozen Vi's AGR dues at ₹87,695 crore as on December 31. A committee will be formed within three to four months to reassess dues, they said. "After the reassessment, ₹87,695 crore will go down substantially and whatever the new amount comes, it has to be paid by FY36 to FY41," said an
Indian government bonds edged lower early on Friday as traders stayed cautious ahead of fresh debt supply and a heavy state borrowing calendar. The benchmark 10-year yield was at 6.6002% as of 10:35 a.m. IST, after ending at 6.5818% on Thursday. The yield fell 17 basis points in 2025 and has continued to drift lower into the new year. Bond yields rise when prices fall. New Delhi is set to sell 320 billion rupees ($3.56 billion) of the benchmark 10-year bond later in the day. Indian states are expected to announce their January-March borrowing calendar after market hours on Friday, with investors bracing for a record quarterly supply of about 5 trillion rupees. "The state debt auction calendar, followed by the Budget, will be the key triggers shaping risk appetite and t
