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Economic Times
30-06-2025
- Business
- Economic Times
Vodafone Idea shares gain 14% in 7 days despite decline in subscribers and market share in May
Driven by investors' interest, the shares of Vodafone Idea have surged by 14% in 7 trading sessions, to a high of Rs 7.49 hit on the BSE in today's trade. This comes even as the company witnessed a loss of market share as well as active subscribers in the month of May. ADVERTISEMENT On the performance front, a report by domestic brokerage firm ICICI Securities stated that Vodafone Idea's active subscribers dipped by 1.3 million to 173 million for May 2025, while it rose by up to 7.4 million for the competitors. Further, the company's active subscriber market share also witnessed a fall of 23 bps to 16%, as against Reliance Jio at 42.8% and Bharti Airtel at 35.8%. Vodafone's net subscribers also decreased by 0.3 million. In the Mobile Broadband (MBB) segment, Vodafone Idea's share declined by 20 basis points to 13.9% over the same period. Meanwhile, Bharti Airtel's market share rose to 32%, an increase of 30 basis the other hand, Reliance Jio's MBB (excluding FWA) subscriber base grew by an average of 2.3 million per month between December 2024 and May 2025, reaching 475 million. After adjusting for inactive subscribers, Jio's mobile broadband market share stood at 50.8%, up 20 basis points from November this, ICICI Securities has assigned a 'hold' rating for the stock. ADVERTISEMENT The stock's total traded quantity stood at 252.94 lakh while the total turnover was Rs 18.73 crore around 11 am. Its market capitalization at the time was at Rs 80,932.25 Saturday, Vodafone Idea announced, via a regulatory filing, about the changes made to the company's Articles of Association (AoA), wherein on of the key change is that the minimum shareholding required to be considered a significant shareholder has been reduced from 13% to 10%, excluding shares given to the Government of India. ADVERTISEMENT Around 11:15 am, the shares of Vodafone Idea were trading 1.2% higher at Rs 7.47 on the BSE. Also read: Torrent Pharma shares surge 4% after agreeing to acquire JB Chemicals for Rs 11,900 crore (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times) (You can now subscribe to our ETMarkets WhatsApp channel)
Time of India
30-06-2025
- Business
- Time of India
Vodafone Idea shares gain 14% in 7 days despite decline in subscribers and market share in May
Live Events (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Driven by investors' interest, the shares of Vodafone Idea have surged by 14% in 7 trading sessions, to a high of Rs 7.49 hit on the BSE in today's trade. This comes even as the company witnessed a loss of market share as well as active subscribers in the month of the performance front, a report by domestic brokerage firm ICICI Securities stated that Vodafone Idea's active subscribers dipped by 1.3 million to 173 million for May 2025, while it rose by up to 7.4 million for the the company's active subscriber market share also witnessed a fall of 23 bps to 16%, as against Reliance Jio at 42.8% and Bharti Airtel at 35.8%. Vodafone's net subscribers also decreased by 0.3 the Mobile Broadband (MBB) segment, Vodafone Idea's share declined by 20 basis points to 13.9% over the same period. Meanwhile, Bharti Airtel's market share rose to 32%, an increase of 30 basis the other hand, Reliance Jio's MBB (excluding FWA) subscriber base grew by an average of 2.3 million per month between December 2024 and May 2025, reaching 475 million. After adjusting for inactive subscribers, Jio's mobile broadband market share stood at 50.8%, up 20 basis points from November this, ICICI Securities has assigned a 'hold' rating for the stock's total traded quantity stood at 252.94 lakh while the total turnover was Rs 18.73 crore around 11 am. Its market capitalization at the time was at Rs 80,932.25 Saturday, Vodafone Idea announced, via a regulatory filing, about the changes made to the company's Articles of Association (AoA), wherein on of the key change is that the minimum shareholding required to be considered a significant shareholder has been reduced from 13% to 10%, excluding shares given to the Government of 11:15 am, the shares of Vodafone Idea were trading 1.2% higher at Rs 7.47 on the BSE.: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of The Economic Times)
Hindustan Times
27-06-2025
- Business
- Hindustan Times
Case for reviving multilaterialism, a WTO-led order
The G20 New Delhi Leaders Declaration of September 2023 reaffirmed the indispensability of 'a rules-based, non-discriminatory, fair, open, inclusive, equitable, sustainable and transparent multilateral trading system, with WTO at its core'. This was reiterated in 2024 during Brazil's G20 presidency. India's negotiating focus has shifted to bilateral agremeents. While equally important, these are no substitute for multilateral rules. (AFP) The 14th World Trade Organization (WTO) Ministerial Conference is scheduled for March 2026 at Yaounde, Cameroon. As a precursor, the WTO director-general met with ministers and high-level officials from nearly 30 WTO members, including India, the US, Australia, China, the EU and Brazil, earlier this month in Paris. The inconclusive end to this meeting foretells further undermining of a beleaguered WTO. The US's disregard for multilateral rules is one of the key reasons for the deadlock, but that does not let the 165 other member-countries of the WTO off the hook. They too shoulder a significant share of the responsibility for the WTO's fate as well. A key question for India and other countries is whether the rules of WTO are worth preserving despite the unpredictability of the US's actions. There are several reasons why they are. It is true that WTO rules are far from perfect and need reforms. Yet, however imperfect, a multilateral system of rules is the only logical safeguard against arbitrary action by any one country. The emergence of WTO in 1995 complemented India's liberalisation and economic growth. Domestic reform and liberalisation could thrive because of the global stability, certainty, and predictability that WTO rules provided. WTO's state of disarray can be attributed to several reasons, primary among which is the dysfunctional state of its dispute settlement mechanism since 2019, resulting from the US blocking appointment of members to the appellate body. Underpinning this is the US's desire to wrench back political control over a judicial process. Efforts to get the US to agree to a more streamlined appellate process have failed. India has highlighted the importance of a two-tier system; but to break the deadlock, we need to consider possible alternatives, including a two-tier system for all willing WTO members and a single-tier system only for disputes where the US is a party. The second set of challenges at the WTO is a series of long-pending issues. A key pending issue is reform in the agricultural rules. This includes constraints India has faced with domestic support for agricultural products. Limited to 10% of the value of production of an agricultural product under the WTO's Agreement on Agriculture (AoA), India's domestic support entitlement is in stark contrast to the much higher AoA entitlements that is available for developed countries including the US, the EU, Japan, and Canada. India successfully negotiated the Bali Peace Clause in 2013, aimed at partially addressing this historical asymmetry. However, this was only a temporary reprieve that is yet to be translated into a firm commitment. Reform is also pending on other related issues, including removal of an absurd external reference price which has remained frozen at 1986-88 prices — completely devoid of current economic realities. Prioritising reform of these rules is important. Development of new rules across a range of emerging areas is another key challenge. Such areas include digital trade and e-commerce and trade & environmental sustainability (TES) — both of which are critical for India, given our national priorities. These are currently part of splinter-group discussions within the WTO, called joint initiatives (JIs). The e-commerce JI has 90 WTO members, the TES has 78, and both groups include the US, the EU, China, Australia, Canada, and Japan, among others. The e-commerce JI deals with elements that will have relevance for India's evolving strength in digital trade. With countries, including the US, threatening various unilateral measures, disciplines in this area need deeper engagement. The TES discussions will have significant relevance for rules on interface of trade and the climate crisis, an area where there is a rapid rise of unilateral measures, especially those adopted by the EU, and the threat of similar measures by others including the US and Canada. JIs emerged as a response to challenges in driving consensus among 166 members. The first JI to conclude was on services domestic regulation (SDR), between 72 members. India had been an active participant of SDR given its centrality to India's burgeoning services trade. However, when discussions moved from the multilateral forum to the JI, India stayed out of SDR as well as all other JIs, the concern being that such fragmented rulemaking would undermine WTO's multilateral architecture. The reality since 2017, however, is that WTO's negotiating function has predominantly rested on JIs, with some, such as the JI on investment facilitation for development (IFD), having support of as many as 126 members. It is ironic that the reason that JIs have remained JIs is because of the choice of some members not to engage. And it is only the ones that have stayed out, including India, that stand to lose any possibility to influence the shape and content of new rules. India's negotiating focus has shifted to bilateral agreements. While equally important, these are no substitute for multilateral rules, and, in fact, would even be severely undermined by lack of multilateral rules. It is time to reinvigorate our vision for the WTO. Any aspiration to be a true vishwaguru hinges on our ability to have a proactive and forward-looking agenda as a global player while doing all that it takes to strengthen from within. RV Anuradha is partner, Clarus Law Associates, New Delhi. The views expressed are personal.
Time of India
11-06-2025
- Automotive
- Time of India
Tata Sons to get new directors, vacancies open up on board; to inject fresh capital of Rs 30,000 crore
Tata Sons plans to invest ₹30,000 crore ($3.5 billion) in its growing ventures. (AI image) Tata Sons is actively seeking new directors to fill upcoming vacancies on its board. Former Jaguar Land Rover CEO Ralf Speth is anticipated to retire in the next few months when he turns 70. Speth had joined following Cyrus Mistry's removal in October 2016. With Leo Puri's resignation as independent director in April, sources told ET that one of these positions might be allocated to an executive director from within the group. Sources indicate that TV Narendran, the CEO and MD of Tata Steel, is a leading candidate for the board position. Independent director Ajay Piramal, aged 69, is expected to conclude his tenure by mid-next year. This aligns with Tata Sons' established retirement guidelines. Piramal became a board member in August 2016. According to the Articles of Association (AoA), executive position holders retire at 65, whilst board-level positions have a retirement age of 70. Boardroom Shake-up The board's composition will shift from the structure established by former chairman Ratan Tata in 2016 following Mistry's removal, according to an observer familiar with the group. Whilst Tata Trusts' board nominees, including chairman Noel Tata, Vijay Singh (76), and Venu Srinivasan (72), face no age restrictions. The independent directors comprise Harish Manwani, Anita M George, and Piramal. "There are very few senior Tata executives today with the depth of Narendran's experience and leadership," stated a group executive. Several Tata group veterans, including Bhaskar Bhat, have retired upon reaching superannuation, whilst others such as Harish Bhat and Banmali Agrawala continue serving in advisory positions. Tata Sons plans to invest ₹30,000 crore ($3.5 billion) in its growing ventures, including Tata Digital, Tata Electronics and Air India, alongside defence and battery operations through equity investments. Executives have confirmed defence operations as a key strategic focus. This investment supplements the group's existing $120 billion commitment towards new enterprises. Tata Sons advisor Agrawala serves as non-executive chairman at Tata Electronics. Manwani, who previously served as COO of Unilever Plc before joining the Tata Sons board in 2018, is expected to remain until 2027. Additionally, Tata Sons has initiated proceedings to voluntarily surrender its RBI registration certificate, having cleared over ₹20,000 crore in debt, allowing it to maintain its status as an unlisted, closely held organisation. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
Time of India
11-06-2025
- Business
- Time of India
New directors set to board Tata Sons with ₹30,000 crore and new priorities in focus
Live Events (You can now subscribe to our (You can now subscribe to our Economic Times WhatsApp channel Mumbai: Tata Sons will be looking to appoint new directors as vacancies open up on the board of the Tata Group holding company, said people with knowledge of the matter. Ralf Speth, former CEO of Jaguar Land Rover, is expected to step down in the coming months upon turning 70. Speth had joined the board in October 2016 following the ouster of former chairman Cyrus Mistry. Independent director Leo Puri had quit in April. Sources indicate that one of these two spots may be filled by an executive director from a group company. Tata Steel CEO and MD TV Narendran is seen as a strong contender for the board seat, sources Sons did not Piramal, 69, an independent director, is expected to step down by the middle of next is in line with Tata Sons' retirement policy. Piramal had joined the board in August per the Articles of Association (AoA), those in executive positions retire at 65, while for board-level roles it's selections will result in a change in the board's profile from the one set up by former chairman Ratan Tata in 2016 after the late Mistry's ouster, a group watcher is no age cap, however, for Tata Trusts' nominees on the board. They include Tata Trusts chairman Noel Tata, Vijay Singh (76), and Venu Srinivasan (72). The independent directors are Harish Manwani and Anita M George, apart from Piramal."There are very few senior Tata executives today with the depth of Narendran's experience and leadership," said a group recent years, some Tata group veterans such as Bhaskar Bhat have stepped down following superannuation, while others like Harish Bhat and Banmali Agrawala have been retained in advisory Sons will inject fresh capital of ₹30,000 crore ($3.5 billion) into its emerging businesses-including Tata Digital, Tata Electronics and Air India-as well as its defence and battery units through equity infusions. The defence business, in particular, has been reaffirmed as a strategic priority by executives. This capital commitment adds to the $120 billion the group has already pledged toward new businesses in recent Sons advisor Agrawala is also non-executive chairman at Tata Electronics. Manwani, former COO of Unilever Plc who joined the Tata Sons board in 2018, is expected to continue in his role until a related development, Tata Sons has applied to voluntarily surrender its certificate of registration with the RBI, having repaid more than ₹20,000 crore in debt. This strategic move enables it to remain an unlisted, closely held company.
