Several investment banks are urging caution as the stock market continues its rally despite a worsening economic backdrop. Morgan Stanley earlier this month predicted that European markets would decline by 10% this summer. The Wall Street bank's chief strategist even warned that there are " signs of panic buying " among investors.
The telecom operator has reported significant subscriber losses to local upstart Reliance Jio over the years, with analysts citing high pricing, lack of investment and poor strategy. Now, as rivals transition to the new 5G network standard, Vodafone Idea has been unable to raise funds for the investment needed.
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Source: CNBC - 🏆 12. / 72 Read more »