Vodafone Groups operating profit for H1 FY25 rose 28%, largely due to a 0.7 billion gain from selling an 18% stake in Indus Towers. The proceeds were used to repay loans secured against Indian assets, including Vodafone Idea.
Niftys short-term trend remains weak, with a potential drop below 23,800 likely to target the next support level around 23,500 (the 200-day EMA) in the near term. Immediate resistance is positioned at 24,050, according to Nagaraj Shetti of HDFC Securities.
India's rising economic prominence is attracting international investors, with mega-cap companies like Reliance Industries and HDFC Bank increasingly appearing in global indices. The brokerage noted that as more Indian companies are included in international investment indices, foreign capital inflows are expected to grow, enhancing liquidity and strengthening overall market dynamics.
Address: 849 Sheridan Road, Wilmette Listed: Oct. 28, 2024 Price: $2,949,000 This six-bedroom home has 6 baths, an attached two-car garage, a finished third level and a finished basement with a fitness room, a wine cellar, a bedroom, a full bath and a recreation room. The home has a glass-enclosed, custom-built staircase, white oak floors […]
