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Indian telecom carriers tussle with government over licence fees
India's Supreme Court on Thursday rejected a request by telecom companies including Vodafone Idea and Bharti Airtel to recalculate how much they owe the government in licence fees. The long-standing issue has whittled away at debt-ridden Vodafone's cash flow and threatened its survival in the Indian telecom market which is dominated by Airtel and Reliance Industries' Jio.
Setback for Airtel, Vi as SC rejects AGR review plea
The Supreme Court's rejection of Vodafone Idea's plea for relief on its AGR dues has caused a 10% drop in its shares, while Bharti Airtel's shares rose slightly. Vodafone Idea's plea included requests for error correction in the AGR demand,
Indian Telecom Stocks Tumble as Top Court Rejects Plea on Dues
Shares of Indian wireless carriers plunged on Thursday after the country’s top court rejected the firms’ request to re-calculate about $13 billion of past dues that they owe to the government.
India's top court rejects telcos' plea on dues owed to govt; shares slump
India's top court on Thursday rejected a request by telecom companies to recalculate the dues they owed the government, sending shares of debt-saddled Vodafone Idea and its peers down. Analysts at ICRA estimate that Vodafone Idea and Bharti Airtel owe 1 trillion rupees ($12 billion) in past dues,
Supreme Court rejects telcos' AGR review plea, shares slump
Supreme Court on Thursday turned down a request by telecom companies including Vodafone Idea and Bharti Airtel to recalculate the amount they owe the government in licence fees. This has come to the fore in a court order.
Big blow for telcos as SC rejects AGR re-computation plea; Vi shares crash
The Supreme Court has dismissed pleas by telecom giants Vodafone Idea and Bharti Airtel to re-compute Adjusted Gross Revenue (AGR) dues. The companies sought corrections in the AGR calculations, a penalty reduction,
The Maravi Post
1d
Brutal revenge: Three men arrested for setting Airtel money trickster suspect ablaze
The vicious attack occurred on September 15, 2024, at Malangalanga, Lilongwe, after three men accused her of facilitating an ...
4h
BSNL emerges only winner of July tariff hikes, adds 2.9 million users
In a major reversal, state-owned loss-making telecom operator BSNL emerged as the only winner of the industry-wide tariff ...
18h
Setback for Vi, Airtel as SC rejects pleas on AGR dues
The Supreme Court has dismissed curative petitions by telecom companies like Vodafone Idea and Bharti Airtel, seeking relief ...
20h
Bharti Airtel market cap nears ₹10 lakh crore, stock gains 62% in 2024, adds ₹3.7 lakh crore
Bharti Airtel’s stock surged 62 percent this year, pushing its market capitalisation to ₹9.7 lakh crore. Analysts anticipate ...
1d
Bharti Airtel becomes 4th listed company to cross Rs 10 trillion market cap
The combined market cap of Bharti Airtel (Rs 9.52 trillion) and Bharti Airtel's partly paid shares (Rs 49,526 crore) touched ...
Indiatimes
2h
Robbers take away ₹80K at gunpoint
Mohali: Armed assailants ambushed a man depositing
cash
and absconded with Rs 80,000 at gunpoint. The incident occurred around 9pm on Wednesday at an Axis Bank ATM situated on Patiala road. The ...
17h
SC rejects Vodafone, Airtel curative petition hearing; ₹1.47 trillion AGR demand stands
Any relief could have reduced the AGR dues payable by Vodafone Idea and Bharti Airtel. Vodafone Idea’s debt burden would have ...
cnbctv18
1d
Bharti Airtel becomes 4th Indian company to achieve ₹10 lakh crore in market capitalisation
The stock of Bharti Airtel rallied more than 3% in Thursday’s trade, taking the year-to-date gains to 62%. In comparison, the ...
Telecoms
2h
Vodafone Idea in trouble as India rejects AGR appeal
India's Supreme Court has overturned a telco petition to recalculate the fees they owe to the government, Vodafone Idea ...
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