The company is hopeful that the government will take a considerate view on SC verdict on AGR matter, given the fragile state of the industry.
SBICap Securities said VIL reported a net loss of Rs 50,921 crore on the back of provisioning for the liability arising from the Supreme Court ruling on the AGR issue
Vodafone Idea yesterday reported a massive net loss of Rs 50,922 crore for the July-September quarter, the highest-ever quarterly loss by an Indian company
The stock, however, bounced back 24.5 per cent from day's low to hit an intra-day high of Rs 3.25 per share on reports that the government was mulling sops to revive the telecom sector.
From Supreme Court striking down amended Finance Act rules for tribunals to SpiceJet second quarter loss, Business Standard brings you the top business headlines for the day
In another development, Reliance Jio on Wednesday attacked incumbent operators, saying it disagreed with "the threatening and blackmailing tone" of the COAI's letter against the SC's judgement on AGR
Apex court had upheld government definition of AGR, said telcos must pay licence and fine applicable
Bharti Airtel has rallied 10% to Rs 333, while Vodafone climbed 8% to Rs 37.60 on BSE in the intra-day trade.