Apple Expects to Finish Year With Monster Quarter

Apple is predicting a whole lot of iPhones will be beneath Christmas trees this year. CEO Tim Cook said he expects record iPhone sales — and Apple’s biggest quarter in history by revenue — for the holiday quarter. “We are incredibly excited about the strength we’re seeing across our products and services, and we expect … Read more

NVIDIA to make USD 1.0 billion equity investment in Nokia in addition to new strategic partnership – Nokia’s Board resolved on directed share issuance to NVIDIA

NVIDIA to make USD 1.0 billion equity investment in Nokia in addition to new strategic partnership – Nokia’s Board resolved on directed share issuance to NVIDIA   NVIDIA to invest USD 1.0 billion (EUR 0.86 billion) in new Nokia shares at a purchase price of USD 6.01 (EUR 5.16) per share Investment comes in addition to … Read more

Vodafone Idea seeks Supreme Court’s relief on Rs 45,000 cr AGR dues

VIL’s efforts to revive continue. After recent conversion of equity by Govt, the Company has now petitioned the Supreme Court (SC). Petition is to waive more than Rs 45,000 cr of AGR dues, primarily related to interest and penalties. In addition to the principal amount of Rs 12,797 crore in AGR dues, VIL is liable … Read more

Like Vodafone, Airtel wants government to convert dues into equity

Airtel’s move comes in the wake of the government recently raising its stake in Vodafone Idea to over 49%. The telecom reform package announced in September 2021 allowed telcos to defer spectrum and AGR (Adjusted Gross Revenue) dues for four years. It also provided the option to the operators to convert interest on these deferred … Read more

MTNL makes bank loan default disclosure

MTNL in a regulatory filing has said that it has defaulted on bank loans worth Rs 8,346.24 cr from seven public sector banks. As can be noted, the disclosure related to the defaults occurring during August 2024 to February 2025. The information therefore seems to be already discounted in the stock price. For ease of … Read more