Rama Venkat

May 16, 2024 | gurutrade.com | Rama Venkat |Shilpi Majumdar

BENGALURU, May 16 (Reuters) - Vodafone Idea, India's third-largest telecom operator by subscribers, missed analysts' estimates for quarterly revenue on Thursday, hurt by its shrinking user base. The company's consolidated revenue rose 0.7% to 106.07 billion Indian rupees ($1.27 billion) for the quarter ended March 31, compared with LSEG estimates of 107.15 billion rupees. Consolidated loss after tax widened to 76.75 billion rupees, while analysts expected a loss of 76.88 billion rupees.

Apr 25, 2024 | reuters.com | Rama Venkat |Praveen Paramasivam

BENGALURU/CHENNAI, April 26 (Reuters) - Tata's Trent (TREN.NS), opens new tab is expected to have outperformed other Indian apparel chains last quarter, overcoming sluggish demand and restrained consumer spending by rapidly opening more of its youth-focussed, low-priced stores. Zudio, which sells everything from dresses to perfume at less than 999 rupees ($12), attracts young consumers looking to regularly refresh their wardrobes on a tight budget.

Apr 22, 2024 | reuters.com | Rama Venkat

A man walks across the LED display board showing the logo of Vodafone-Idea at the India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis/File Photo BENGALURU, April 22 (Reuters) - India's Vodafone Idea (VODA.NS), opens new tab garnered bids worth 881.30 billion rupees ($10.57 billion) from investors as part of the debt-saddled telecom operator's plan to raise $2.16 billion in a follow-on public offering (FPO), the country's largest ever.

Apr 19, 2024 | reuters.com | Rama Venkat

A man walks across the LED display board showing the logo of Vodafone-Idea at the India Mobile Congress 2022, at Pragati Maidan, in New Delhi, India, October 3, 2022. REUTERS/Anushree Fadnavis/File Photo BENGALURU, April 19 (Reuters) - Indian telecom operator Vodafone Idea (VODA.NS), opens new tab fetched bids worth 67.90 billion rupees ($813.03 million), with investors bidding for nearly half of the shares on offer by the second day of subscriptions in the country's largest ever share sale.

Apr 12, 2024 | gurutrade.com | Rama Venkat |Sonia Cheema

BENGALURU, April 12 (Reuters) - Indian telecom operator Vodafone Idea said on Friday it would raise up to 180 billion rupees ($2.16 billion) later this month through a sale of new shares, in what will be the country's biggest follow-on public offering (FPO). The debt-laden company said in February it would raise up to 200 billion rupees through equity, which included financial support of 20 billion rupees from a top shareholder entity it did not name.