Vodafone Idea Challenges AGR Demand; Swan Defence Signs Maritime MoU

Vodafone Idea announced its decision to legally challenge aggressive AGR demands from the government before the Supreme Court, aiming for long-term debt relief. Meanwhile, Swan Defence signed a Rs 4,250 crore MoU with Gujarat Maritime Board for new investments. NBCC and Railtel also reported large infrastructure orders, signaling robust activity in the construction and infrastructure sectors despite sector-wise headwinds affecting telecom and logistics stocks.