Morning analysis: expected rate hike for Jio; New ICICI Bank trading platform and more



By Malvika Gurung – Trusted industries (NS :): Telcos Bharti Airtel (NS 🙂 and Vodafone Idea (NS 🙂 have announced that they will increase their prepaid rates by 20-25%, and Reliance Jio is expected to do the same. In addition, bond credit rating firm Moody’s on Tuesday clarified that RIL’s decision not to go ahead with the $ 15 billion deal with the global oil giant Saudi Aramco (SE 🙂 will not affect the credit quality of the Mumbai-based conglomerate.

Coal India (NS :): The company’s board meeting is scheduled for November 29 to review and approve the payment of the interim dividend for 2021-2022, if applicable.

Bharti Airtel: The rating outlook for the telecommunications company headed by Sunil Mittal and its subsidiary Bharti Airtel Int’l (Netherlands) BV has been revised from “stable” to “positive” by Moody’s, reflecting growth and improvement the operational performance and credit measurements of major telecom.

ICICI Bank (NS :): The private lender has launched its online trading platform called “Trade Emerge”, which offers digital banking and value-added services to exporters and importers across the country. It includes services such as current savings account offerings, business services, digital solutions, currency solutions, payment solutions, collections and credit cards.



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