Core Viewpoint - Nokia has announced its 2025 financial results and strategic restructuring aimed at transitioning to an AI-driven network and cloud infrastructure provider, with a focus on key business segments and future growth opportunities [1][2]. Strategic Advancement - In November 2025, Nokia announced a significant strategic restructuring to transform into a provider of AI-driven foundational networks and cloud infrastructure, consolidating into two core business segments: network infrastructure and mobile infrastructure, effective January 1, 2026 [2]. Performance and Operational Situation - On January 29, 2026, Nokia released its financial report for Q4 2025 and the full year, setting a comparable operating profit target for 2026 between €2 billion and €2.5 billion, emphasizing a focus on AI and cloud growth opportunities, 6G technology development, and deepening partnerships with companies like NVIDIA [3]. Future Development - Starting from Q1 2026, Nokia plans to report financial performance according to the new business structure, with management highlighting a focus on AI-driven network transformation, including investments in optical networks and IP networks, as well as the implementation of collaborations with NVIDIA on AI-RAN technology. In 2025, the company signed multiple cooperation agreements with operators such as Vodafone Idea in India, Telefónica in Spain, and Zain in Saudi Arabia [4].

Vodafone Idea share price today   Vodafone Idea (Vi) share price gained 4 per cent to ₹11.62 on the BSE in Monday's intraday trade, amid heavy volumes, after promoter Kumar Mangalam Birla bought additional 40.9 million equity shares of the company via open market.  At 11:49 AM, Vi stock was quoting 3.8 per cent higher at ₹11.55, as compared to 0.53 per cent rise in the BSE Sensex. Nearly 380 million equity shares have together changed hands on the NSE and BSE so far in the session. The stock price of the ...

By the end of the session, the benchmarks had pared some losses, with the Sensex down 296.59 points or 0.36% at 82,269.78, while the Nifty fell 98 points or 0.39% to end at 25,320.65.Here's how analysts read the market pulse:Indian equity markets remained volatile ahead of the Union Budget, with benchmark indices dragged lower by weakness in “With geopolitical risks and global tariff pressures rising, the Union Budget is keenly awaited for cues on growth support and fiscal discipline. Globally, although a ...

NEW DELHI: The recent resolution of the adjusted gross revenue (AGR) dues has marked a decisive turning point for India’s “The recent resolution of the AGR issue marks a decisive turning point. With long-standing uncertainty removed through the clarity of the Honourable Supreme Court’s judgment and the government’s decisive intervention, the operating environment has fundamentally changed,” Birla said in a statement ahead of the conclusion of the fiscal year (FY) ending March 31, 2026. Advt Vi is the th ...

Company Performance - Vodafone Idea narrowed its consolidated losses to Rs 5,286 crore in Q3FY26 from Rs 6,609 crore in the same period last year, with revenue from operations at Rs 11,323 crore, a 2% increase from Rs 11,117 crore [10][11] - Motilal Oswal Financial Services reported a slight increase in Q3 consolidated net profit to Rs 566 crore compared to Rs 565 crore a year ago, with total revenue from operations rising 6% to Rs 2,112 crore [6][11] - Marico's consolidated net profit reached Rs 447 crore in Q3FY26, up 12% year-on-year, with revenue from operations at Rs 3,537 crore, a 27% increase from Rs 2,794 crore in Q3FY25 [7][11] - Vishal Mega Mart reported a consolidated net profit of Rs 313 crore in Q3FY26, up 19% year-on-year, with revenue from operations at Rs 3,670 crore, a 17% increase from Rs 3,136 crore in Q3FY25 [8][11] Market Expectations - Maruti Suzuki is expected to report a strong performance for the December quarter, with net profit growth estimated between 24% and 35%, amounting to Rs 4,540 crore to Rs 5,696 crore, and revenue growth projected at 32% to 37%, reaching Rs 50,765 crore to Rs 52,706 crore [9][10][11] - Larsen & Toubro is anticipated to show a robust December-quarter performance, with net profit growth expected between 20% and 35%, estimated at Rs 4,038 crore to Rs 4,548 crore, alongside double-digit growth in revenue and EBITDA [9][10][11] Stake Sale - Vedanta approved the sale of up to 1.59% stake in Hindustan Zinc Limited, representing up to 6.7 crore equity shares, with a floor price set at Rs 685 per share for the offer for sale (OFS) [4][11] - The two-day OFS is scheduled to open on January 28, 2026, for non-retail investors and on January 29, 2026, for retail investors [5][11]

Core Viewpoint - The decision to freeze Vodafone Idea's (Vi) adjusted gross revenue (AGR) dues provides temporary relief, but the company faces significant challenges with its spectrum dues amounting to approximately ₹1.22 lakh crore, limiting the government's options for further assistance [6][2]. Financial Obligations - Vodafone Idea owes approximately ₹1.22 lakh crore in spectrum dues, with scheduled payments of ₹2,500 crore in FY26, ₹7,000 crore in FY27, ₹15,000 crore in FY28, and ₹27,000 crore from FY29 to FY32 [6][5]. - The frozen AGR dues total ₹87,695 crore, with a payment plan requiring Vi to pay ₹124 crore annually from March 2026 to March 2031, followed by ₹100 crore annually from March 2032 to March 2035, and the remaining dues in equal installments from March 2036 to March 2041 [8][5]. Revenue and Growth Projections - Analysts project that Vi's EBITDA could reach ₹900 crore in FY26, ₹1,250 crore in FY27, ₹1,600 crore in FY28, and ₹1,940 crore in FY29, contingent on a 15% tariff hike by mid-2026 and a 1% annual subscriber growth [6][5]. - To meet cash outflows from internal accruals, Vi needs its average revenue per user (ARPU) to rise to approximately ₹340 by FY29, compared to ₹169 in 2QFY26 [6][5]. Strategic Considerations - An equity fundraise could allow the government to convert Vi's spectrum dues into equity, but this would require a substantial amount of fundraising, potentially leading to significant dilution for minority shareholders [3][6]. - The upcoming spectrum auctions starting in 2029 may increase Vi's net debt, and it is likely that the company will not re-acquire all its current holdings due to a reduced market share [3][6]. Future Outlook - The telecom department plans to form a committee to reassess the AGR dues, and its decision will be final, which could impact Vi's ability to secure a long-pending debt fundraise of ₹25,000 crore necessary for capital expenditure plans [8][6].

Bankers said the decision has altered the company's liability profile, adding that clarity on its funding needs and future business plans are crucial for considering fresh funding.Banks have been wary of lending to Vi because of its huge liabilities, majorly consisting of statutory dues including deferred spectrum payment and AGR liabilities, strained cash flows, and doubts about its ability to service new loans. “Our team will reassess (extending fresh funds) in the light of the new developments,” a senio ...

Core Viewpoint - Vodafone Idea shares experienced an increase of up to 8% on January 9 following the Department of Telecommunications (DoT) providing relief in the ongoing adjusted gross revenue (AGR) dispute [1] Company Summary - The relief granted by the DoT is significant for Vodafone Idea, as it addresses a long-standing issue related to AGR, which has been a major concern for the telecom operator [1]

Core Viewpoint - Vodafone Idea (Vi) has received a significant relief package from the government, allowing it a 10-year period to pay over 95% of its adjusted gross revenue (AGR) dues, which are currently frozen at ₹87,695 crore as of December 31 [1][7]. Group 1: Financial Obligations - A committee will be formed within three to four months to reassess the frozen AGR dues, which are expected to decrease substantially [1]. - Vi will pay approximately ₹114 crore annually for six years until FY31 and ₹100 crore annually for another four years until FY35, indicating that there is no moratorium on the repayment schedule [3][7]. - The company must also pay AGR dues for FY18 and FY19, estimated between ₹700-800 crore, in annual installments of ₹114 crore by FY31 [4][7]. Group 2: Stock Market Reaction - Vi's shares closed at ₹11.62, reflecting an increase of about 8% on the BSE, following clarity on the relief package [5][7]. - The stock had previously hit a lower circuit due to initial reports about the relief package, which did not include any waiver of dues [5][7]. Group 3: Future Financial Outlook - By FY36, the majority of Vi's spectrum auction dues will have been paid, positioning the company in a better financial situation [6][7]. - Overall, Vi is obligated to pay spectrum dues until FY44, indicating a long-term financial commitment [6][7].

Group 1: Corporate Actions - Devyani International's board has approved a Scheme of Arrangement for the amalgamation with Sapphire Foods India Ltd, effective from April 1, 2026, with a share exchange ratio of 177 shares of Devyani for every 100 shares of Sapphire [1] - NLC India has transferred seven Renewable Energy Assets to its wholly owned subsidiary, NLC India Renewables Ltd, effective January 1, as per a Business Transfer Agreement [2] - Indegene's step down subsidiaries, Indegene Aptilon Services, Inc. and Trilogy Writing & Consulting Inc., have amalgamated to form Indegene Healthcare Canada Inc., effective January 1, 2026 [5] - Achyut Healthcare has received approval from BSE Limited to migrate its equity shares from the BSE SME platform to the BSE Main Board Platform, enhancing market access for investors [6] Group 2: Financial Developments - Vodafone Idea has received a GST penalty order of approximately ₹638 crore and plans to take legal action against it, following a recent relief on its Adjusted Gross Revenue dues [2] - Bharat Electronics Limited has secured additional orders worth ₹569 crore, including communication equipment and medical electronics [4] - Trident Lifeline has acquired an additional 9.04% stake in Trident Mediquip for approximately ₹4.42 crore [7] - Railtel Corporation has received a Letter of Acceptance for an order estimated at ₹56.71 crore from Assam Health Infrastructure Development & Management Society [9] Group 3: Project Announcements - K2 Infragen Ltd has announced receipt of a Letter of Acceptance for a ₹262 crore project from Indian Railways, focusing on traction substations and related infrastructure [8] - Olectra Greentech has commenced commercial operations for its Greenfield Electric Vehicle manufacturing facility in Hyderabad, with an annual production capacity of 2,500 buses [10] - Modis Navnirman Ltd has been appointed as the developer for the redevelopment of BOI Staff Sheetal Co-operative Housing Society in Mumbai, with an estimated Gross Development Value of ₹250 crore [11] Group 4: Regulatory Issues - Britannia Industries has received a tax demand order amounting to ₹108.50 crore for incorrect availment of input tax credit over six financial years [12]