focusIR May 2024 Investor Webinar: Blue Whale, Kavango, Taseko Mines & CQS Natural Resources. Catch up with the webinar here.

Less Ads, More Data, More Tools Register for FREE

Pin to quick picksVodafone Share News (VOD)

Share Price Information for Vodafone (VOD)

London Stock Exchange
Share Price is delayed by 15 minutes
Get Live Data
Share Price: 77.18
Bid: 77.30
Ask: 77.34
Change: -0.34 (-0.44%)
Spread: 0.04 (0.052%)
Open: 77.76
High: 78.74
Low: 77.02
Prev. Close: 77.52
VOD Live PriceLast checked at -

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

UPDATE 1-India picks phone carriers among 11 firms awarded niche bank permits

Wed, 19th Aug 2015 13:40

* Bharti Airtel, Vodafone, Idea Cellular given provisionalapproval

* Reliance Industries, billionaire Shanghvi also among 11winners

* India central bank says will give more permits in future (Adds details on winners)

MUMBAI, Aug 19 (Reuters) - India's leading mobile carriersBharti Airtel Ltd and Vodafone India wereamong 11 companies selected by the country's central bank tohelp set up "payments banks" aimed at granting millions ofcitizens access to basic banking.

Energy-to-telecoms conglomerate Reliance Industries Ltd, controlled by India's richest man Mukesh Ambani,which plans to set up a payments bank in a partnership with toplender State Bank of India, was among the winners.

Payments banks will be able to take deposits and remittancesbut will not be allowed to lend. They are part of India'sfinancial inclusion push, meant to bring banking services to acountry where less half the adult population has a bank account.

The aim is for payments banks to piggy-back on existingretail or other networks.

Dilip Shanghvi, the second-richest Indian, was also amongthose who won a permit.

The country's postal office, and a joint venture of AdityaBirla Nuvo Ltd and third largest Indian cellphonecarrier Idea Cellular were among others selected bythe Reserve Bank of India.(http://bit.ly/1hMiyRB)

Fino PayTech Ltd and Cholamandalam Distribution ServicesLtd, which already work with banks as agents or distributefinancial products were also given provisional approval.

The companies selected will be given "in-principle" approvalfor 18 months, after which they will be given licences if theyfulfil all conditions stipulated by the RBI, the central banksaid on Wednesday.

A total of 41 companies had applied for the permit, the RBIsaid, adding "some of the entities who did not qualify in thisround, could well be successful in future rounds."

Vijay Shekhar Sharma, founder of mobile wallet servicesprovider PayTM that is partly owned by Alibaba's Ant Financial,was also selected. India's fifth-biggest software exporter TechMahindra was also named among the winners. (Reporting by Devidutta Tripathy; Editing by Rafael Nam andKeith Weir)

More News
16 Jan 2024 08:53

TOP NEWS: Vodafone and Microsoft sign 10-year strategic deal

(Alliance News) - Vodafone Group PLC and Microsoft Corp on Tuesday announced a new strategic partnership focused on cloud strategy, digital services and generative artificial intelligence.

Read more
16 Jan 2024 07:19

Vodafone to invest $1.5bn in new Microsoft partnership

(Sharecast News) - Vodafone has signed a 10-year strategic partnership with American software giant Microsoft which will see the UK-listed telecoms group invest $1.5bn over the next decade.

Read more
16 Jan 2024 07:00

Vodafone signs $1.5 bln Microsoft deal for AI, cloud and IoT

LONDON, Jan 16 (Reuters) - Vodafone has agreed a 10-year partnership with Microsoft to bring generative AI, digital, enterprise and cloud services to more than 300 million businesses and consumers across its European and African markets.

Read more
15 Jan 2024 09:11

LONDON BROKER RATINGS: Exane BNP cuts HSBC; Peel Hunt raises Hammerson

(Alliance News) - The following London-listed shares received analyst recommendations Monday morning:

Read more
12 Jan 2024 09:14

LONDON BROKER RATINGS: Goldman likes Glencore; BofA likes easyJet

(Alliance News) - The following London-listed shares received analyst recommendations Friday morning and Thursday:

Read more
11 Jan 2024 08:13

Former ECB head Draghi consults business chiefs on EU competitiveness

Former ECB chief preparing report on EU competitiveness

*

Read more
10 Jan 2024 14:18

Former ECB head Draghi sounds out businesses to boost EU competitiveness

MILAN, Jan 10 (Reuters) - Mario Draghi met business leaders in Milan on Wednesday as the former Italian prime minister and European Central Bank chief prepares a report on how to boost the continent's competitiveness.

Read more
2 Jan 2024 18:36

Egyptians greeted by hefty price rises in new year

CAIRO, Jan 2 (Reuters) - Egyptians entered the new year facing a series of price hikes as the government battles to keep up with rampant inflation.

Read more
21 Dec 2023 17:13

London stocks slip after global rally pauses

FTSE 100, FTSE 250 down 0.3%

*

Read more
21 Dec 2023 16:53

LONDON MARKET CLOSE: Investors feel frosty ahead of US inflation

(Alliance News) - The festive cheer failed to lift stock prices in London on Thursday, as investors nervously look ahead to a key inflation reading from the US on Friday.

Read more
21 Dec 2023 16:03

London close: Stocks finish weaker amid uninspiring data

(Sharecast News) - London's stock markets ended the day in negative territory on Thursday, despite a rebound on Wall Street in early trading, as investors digested lacklustre government borrowing and retail sales data.

Read more
21 Dec 2023 11:54

LONDON MARKET MIDDAY: Stocks frosty ahead of US economic data

(Alliance News) - Investors were not in the festive spirit on Thursday, with stocks in London down, as the last load of US economic data edges closer.

Read more
21 Dec 2023 08:59

LONDON MARKET OPEN: Santa rally fades after weak New York close

(Alliance News) - Stock prices in London lost sparkle early Thursday, after a broad-based sell-off on Wall Street.

Read more
21 Dec 2023 08:57

Swisscom weighing offer for Vodafone's Italian business

(Sharecast News) - Swiss telecommunications firm Swisscom has been mulling over an offer for Vodafone's Italian operations early next year, according to Bloomberg, potentially countering a rival bid from Iliad SA.

Read more
21 Dec 2023 07:47

LONDON BRIEFING: Hipgnosis Songs Fund delayed results show value fall

(Alliance News) - Stocks in London are expected to open lower on Thursday, in line with equity markets in Asia and New York.

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.