The company's future as a going concern, as it has admitted in its results for the June quarter of 2020-21, will be crucially dependent on the SC decision on repayment tenure
From auto firms planning new launches for festive season, Rajnath Singh banning import of defence items to telcos awaiting SC response of AGR dues, here are the top ness of the day
Both companies had sought 20 years time to make payment
Vodafone Idea's net worth has completely eroded and it faces Rs 58, 254 crore adjusted gross revenue liability
Discarding 2G is wrong, says CEO; company highlights five-point strategy to increase revenue and profit
The result indicated the impact of the Covid-19 pandemic and the lockdown, but its overall performance was weighed down by financial stress
The company said it has recognised additional charge of Rs 19,440.5 crore in June quarter towards AGR liabilities
Reliance Jio shares platform with Bharti Airtel to ring in 25 years of mobile telephony
Big business houses such as the Tatas, Anil Ambani, multinationals like Malaysian tycoon T Ananda Krishna of Maxis failed to create viable businesses
The firm, however, posted an over 2x jump in profit before tax (PBT) of Rs 372 crore for the quarter ended June (Q1) before exceptional items
Mittal said the government should look at rationalising levies on the sector and "close long-standing legal disputes that are a big drag on the performance of operators"
Here are the top headlines of the day
Bharti Airtel chairman says dispute over payments has caused 'significant distress' to the industry
It's been through dizzying peaks, troughs, policy U-turns, court battles, brutal competition, and daily controversies
On July 31, 1995, mobile telephony began in India at Rs 16.80 a minute peak tariff. Now, most local voice calls are free, a market which has the largest subscriber base in the world after China
Says industry may not have the appetite for it because of AGR issue
Work from home getting wider acceptance amid Covid-19 could be the right catalyst for increasing the wireline broadband penetration
Bharti Airtel, however, was trading flat at Rs 577 on the BSE as compared to 1.1 per cent rise in the S&P BSE Sensex
Here are the top 10 business headlines on Tuesday morning
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