Jio valuation could rise to $190 billion by 2028, says CLSA, raising RIL target price to Rs 1,800

Jio Platforms’ enterprise valuation (EV) could rise to around $190 billion by March 2028, with CLSA claiming that the planned listing of the Reliance unit could create one of the top 10 telecom stocks in the world and boost Reliance Industries’ share price. The brokerage has raised its 12-month price target on Reliance Industries to […]

Vodafone Idea AGR relief offers breathing space, but shareholders are still waiting for clarity

Vodafone Idea (VIL) may have been given a temporary lifeline with the Telecommunications Ministry’s recent decision to defer its AGR (Adjusted Gross Revenue) dues by four years, but the outlook remains far from reassuring for shareholders.With no immediate improvement in earnings visibility and capital infusion still elusive, analysts say investors should temper their expectations. In […]