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Indus Towers Maintains Steady Profitability Amidst Strategic Dividend Announcement

Business News Desk1 day ago1 day ago02 mins mins

Indus Towers Ltd, one of India’s leading passive telecom infrastructure providers, reported a flat net profit of ₹1,793 crore for the fourth quarter ending March 31, 2024. Following the announcement, the company’s board recommended a dividend of ₹14 per equity share, signaling a commitment to shareholder returns despite stagnant earnings growth. Context of Telecom Infrastructure…

Vodafone Idea Secures AGR Relief as Government Trims Dues to ₹64,046 Crore

Business News Desk2 days ago2 days ago03 mins mins

Government Action Provides Financial Breathing Room The Indian government has officially reduced Vodafone Idea’s Adjusted Gross Revenue (AGR) dues by ₹23,600 crore, bringing the total outstanding liability down to ₹64,046 crore. This adjustment, confirmed this week in New Delhi, provides the struggling telecom operator with the fiscal clarity required to approach lenders for long-awaited capital…

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5G

Indus Towers Maintains Steady Profitability Amidst Strategic Dividend Announcement

Vodafone Idea Secures AGR Relief as Government Trims Dues to ₹64,046 Crore