AGR, India
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' plea to recalculate dues owed to government: Report
The companies in a last-resort petition against a similar 2021 ruling argued the telecom department made errors in calculating adjusted gross revenue (AGR) dues
Supreme Court dismisses petitions by telcos against AGR dues computation
The curative petitions were filed by Vodafone India, Bharti Airtel, and others, challenging a 2019 verdict mandating payment of Rs 92,000 crore to the government within three months.
India's Supreme Court rejects telcos' plea to reconsider fees owed to govt, NDTV Profit reports
India's Supreme Court rejected a request by telecom companies including Vodafone Idea and Bharti Airtel to correct alleged errors in calculating the license fee they owe to the government, television channel NDTV Profit reported on Thursday.
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,
Sport Dominates as India’s Premium Streaming Market Recovers to Reach $1 Billion Half-Year Revenues, Says Report
Revenues from India’s premium video-on-demand sector surged by 38% to generate $1.04 billion in the first half of this year, ...
Ashwin, Jadeja dig India’s cricketers out of trouble against Bangladesh in 1st test in Chennai
Bangladesh fast bowler Hasan Mahmud took three wickets in the first hour to leave India in trouble on the first morning of ...
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Granules India scolded over truckloads of torn manufacturing documents after recent FDA inspection
From truckloads of torn documents to avian incursions in the production plant, Granules India’s recent manufacturing ...
CNBC's Inside India newsletter: Will India's lofty manufacturing ambitions bear fruit?
As the 10th anniversary of the Make in India initiative nears, CNBC's Inside India takes a look at how the nation's ...
Sunita Williams' village in India prays for her safe return
American astronauts Sunita Williams and Barry Wilmore have been stuck in space for 107 days and the earliest they can return ...
India markets regulator bars Axis Capital from acting as banker for new debt issues
India's markets regulator on Thursday barred Axis Capital from acting as a merchant banker for new debt issues on the alleged ...
India Gets $386 Billion Financing Pledge for Green Energy Push
India’s renewable energy ministry received combined investment commitments of $386 billion from banks and financial ...
Why hundreds of Samsung workers are protesting in India
For the past 11 days, about 1,500 workers of South Korean technology giant Samsung Electronics have been striking work in the ...
Anti-money laundering watchdog calls on India to speed up prosecutions
The global anti-money laundering watchdog Financial Action Task Force (FATF) urged India on Thursday to speed up its ...
Dancing, drums and rituals: with zeal and joy, India celebrates Hindu festival Ganesh Chaturthi
Huge crowds of devotees gathered across India this month to celebrate the Hindu festival Ganesh Chaturthi, marking the birth ...