Vodafone Idea Ltd's losses narrowed to â¹7,175 crore in the September quarter, down from â¹8,746 crore a year earlier, as revenues edged up to â¹10,932 crore from â¹10,716 crore. The struggling telecom carrier, however, continued to push for further tariff rationalization across the industry, citing the need to cover capital costs.
Average revenue per user (Arpu)âa profitability indicatorârose to â¹156 from â¹142 a year ago and â¹146 in the prior quarter, driven by tariff hikes in June and the actual effect kicking in from the September quarter.
The Arpu boost reflects broader trends in India's telecom sector, with all major players benefiting from price increases of 10-21% across the board. While larger rivals Reliance Jio and Bharti Airtel raised entry-level 5G tariffs by over 45%, Vodafone Idea saw gains from the rise in 4G rates.
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World Bank calls for reforming skills training in India
India must make a coordinated effort to reform and rebrand vocational skill training, besides aligning education with the job market, to leverage its demographic advantage to meet the $5-trillion target for its economy, the World Bank said.
FCPA cases take long to conclude after indictment
For investors keen to know the fate of billionaire Gautam Adani's indictment by US authorities, the watchword is patience.
Short-covering, relief rally add â¹7.27 trillion wealth
Markets up 2.39% to hit the highest in six months, a day after Adani's indictment
Wetter monsoon slows pace of adding new transmission lines
India's addition of new power transmission lines fell by half over a year earlier in the April-October period as a wetter-than-usual monsoon slowed work.
COP29's $1.3 tn fund plan disappoints Global South
The 29th edition of the UN climate change conference in Azerbaijan emerged from a deadlock with an annual climate finance goal of $1.3 trillion for developing countries, much to the disappointment of the Global South.
Jaguar rebrand is pink, diverse and doesn't feature any cars
Luxury automaker Jaguar is betting that a colorful and youthful rebrand will help it successfully launch fully into the electric-cars market.
Services up as manufacturing slows in Nov
The HSBC Flash India Services PMI was at 59.2 in Nov from 58.5 in Oct; manufacturing PMI fell slightly from 60.4 to 60.2
MSMED may protect medium firms too
The Centre may consider including medium enterprises for the protection granted under MSME Development (MSMED) Act, 2006, to resolve payment disputes.
Europe boosts Indian textile exports in FY25
Demand for Indian handloom, apparel partly fuelled by Bangladesh crisis
RBI nudges banks to cut speculative bet in rupee
The Indian central bank, in a rare move, instructed some banks to cut their long positions on the dollar-rupee pair on Friday, seeking to curb speculative positions with the currency at a record low, four bankers familiar with the development told Reuters.
