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Bharti Airtel, Vodafone Idea get ₹10,500 crore-plus relief after Bombay HC verdict
Bharti Airtel and Vodafone Idea have quantified the financial impact of the Bombay High Court's ruling on one-time spectrum charges, with the order setting aside demands worth over ₹10,500 crore and directing the return of bank guarantees.
Explained: Why Bharti Airtel, Vodafone Idea shares rallied up to 4% on Tuesday
Bharti Airtel and Vodafone Idea shares gained up to 4% after Bombay High Court quashed the government's one-time spectrum charge demands, providing a combined relief of Rs 20,000 crore to Vodafone Idea and Bharti Airtel. The court ruled the government lacked legal authority to issue the demand notices, annulling all actions taken under them and directing the return of bank guarantees.
Five Stocks To Buy: ICICI Bank, Bharti Airtel, Fortis Healthcare And More | June 09, 2026
Top picks include private sector lenders ICICI Bank and Federal Bank, telecom giant Bharti Airtel, and hospital chain Fortis Healthcare.
Bombay HC sets aside govt order on one-time spectrum charges on Airtel, Vodafone Idea
The Bombay High Court has cancelled the one-time spectrum charges for Bharti Airtel and Vodafone Idea. This decision brings relief of approximately Rs 20,000 crore to both companies. Bank guarantees submitted by the firms will be returned. All demand notices and orders concerning these charges have been set aside. The Supreme Court is still considering the matter.
7 most valued firms' mcap eroded ₹1.25 trn last week, RIL took biggest hit
The combined market valuation of seven of the top-10 most-valued firms eroded by Rs 1.25 lakh crore last week, with Reliance Industries taking the biggest hit, in-line with a bearish trend in equities. Last week, the BSE benchmark Sensex declined 532.4 points, or 0.71 per cent, and the NSE Nifty dipped 181.05 points, or 0.76 per cent. "Persistent FII selling remained the key drag on market sentiment despite supportive developments such as cooling crude oil prices and a recovery in the rupee against the US dollar. Concerns regarding the pace of monsoon advancement also weighed on investor confidence," Santosh Meena, Head of Research at Swastika Investmart Ltd, said. From the top-10 pack, Reliance Industries, Bharti Airtel, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, Life Insurance Corporation of India (LIC) and Hindustan Unilever faced erosion from their valuation, while HDFC Bank, ICICI Bank, and State Bank of India were the gainers. The market valuation of ...
Adani Enterprises, Vodafone Idea among 6 stocks to hit 52-week high, rally up to 40% in a month
Even as the Sensex fell 117 points to close at 74,243 on Friday, six BSE 200 stocks touched fresh 52-week highs. Vodafone Idea, Adani Enterprises, CG Power, Polycab India, Adani Energy Solutions and Federal Bank outperformed the broader market, signaling strong investor confidence and continued bullish momentum.
INR appreciates under Rs 95 per dollar after RBI announces measures to support foreign capital inflows and strengthen forex liquidity
The Indian rupee appreciated 81 paise to close at 94.93 (provisional) against the US dollar on Friday after the Reserve Bank announced measures to support foreign capital inflows and strengthen forex liquidity. The announcements in the RBI policy boosted investor sentiments after the apex bank asserted that the country's forex reserves provide a sufficient buffer against external shocks. The Reserve Bank on Friday expectedly kept interest rates unchanged for the second time in a row as it weighed the impact of rising energy prices and supply disruptions caused by the West Asia crisis. The RBI kept its repo rate Steady at 5.25% amid uncertainty owing to US-Iran War. However, it expanded the Fully Accessible Route, or FAR, to include all new 15-year, 30-year and 40-year government security issuances. Due to this, the foreign investors will get wider access to longer-tenor Indian government bonds. This also opens up more room to invest in Indias bond market. The central bank has also ...
RBI announces measures to attract foreign capital
The Reserve Bank of India (RBI) has announced few measures in order to attract capital flow. Firstly, for government securities under the Fully Accessible Route (FAR), the central bank is expanding the universe of specified securities by including all new issuances of 15-, 30- and 40-year tenor G-secs. In addition, limits pertaining to short-term investment, concentration and individual securities on FPI investment under the General Route are being removed. These measures along with the tax benefits provided by the government this morning should help attract foreign capital for government borrowing. Second, the limits for investment by NRIs and OCIs in equity instruments traded on the stock market without SEBI registration are being increased. Further, the same facility is being extended to all individual Persons Resident Outside India (PROIs) at par with NRIs and OCIs. Third, a facility of concessional forex swap will be provided till 30th September 2026 to incentivize ECBs by PSUs.
Sebi warns ICICI Bank over FPI fund repatriation under VRR framework
Market regulator Sebi has warned ICICI Bank for allowing an FPI to repatriate funds before completion of the committed retention period under the Voluntary Retention Route
ICICI Bank receives warning letter from SEBI over FPI transaction violation
SEBI issued the warning for permitting one foreign portfolio investor (FPI) to repatriate funds prior to completion of the committed retention period under the voluntary retention route (VRR). Shares of ICICI Bank Ltd ended at ₹1,252.30, up by ₹9.95, or 0.80 on the BSE today, June 4.
Vodafone Idea among 4 stocks hit a 52-week high, rally up to 45% in a month
The Great Wealth Shift: Where India’s Next Fortunes Will Be MadeVodafone Idea, Polycab India, CG Power and Federal Bank hit fresh 52-week highs, with Vodafone Idea leading the pack after a 45% rally in the past month.
Eternal to ICICI Bank: 15 stocks on Axis Securities buy list for June
Axis Securities has identified 15 stocks for investors to consider in June. These picks span large, mid, and small-cap segments, offering potential gains up to 44%. The brokerage remains optimistic about India's economy despite global challenges. Key recommendations include Eternal, Bharti Airtel, and ICICI Bank. Financials, consumption, and infrastructure-linked businesses are favored.