Vodafone Idea shares surged 15% on November 26 after reports indicated that the Union Cabinet approved a waiver of bank guarantees for telecom operators, particularly benefiting Vodafone Idea, which owes over Rs 24,700 crore. Despite today's gains, the stock remains nearly half its value from three months ago, trading at Rs 8 on the NSE. The waiver applies to spectrum acquired in auctions before 2022, aiming to alleviate the financial burden on the telecom sector, which collectively holds over Rs 30,000 crore in bank guarantees.