A total of 105 companies, including Bharti Airtel, TVS Motor , and Titan are scheduled to announce their December quarter results
But receipts from firms stand at a whopping Rs 1.33 trillion for FY21
On the corporate earnings front, Bharti Airtel, Lupin, Sun Pharma, and Mahindra & Mahindra are among the major companies scheduled to declare their October-December results this week
Analysis of S&P BSE 500 companies suggests that promoters of Indian private-sector companies in particular could end up paying at least 20 per cent more as additional tax on the same dividend income
The telecom industry had been pinning its hopes on the Union Budget to offer some breather on licence fee and spectrum usage levies
Airtel said its has now been removed from the denied entry list, after it highlighted the relevant details and documents submitted to the Directorate General of Foreign Trade
Fifteen telecom companies owe the government Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges
While Bharti Airtel has infused Rs 180.22 crore into Airtel Payments Bank, Bharti Enterprises has injected Rs 44.77 crore.
Fifteen telecom companies owe the government Rs 92,642 crore in unpaid licence fee and another Rs 55,054 crore in outstanding spectrum usage charges.
Bajaj Finance closed 5 per cent higher on the BSE after the NBFC reported its highest ever quarterly consolidated net profit at Rs 1,614.11 crore in the December quarter of FY20, up 52 per cent YoY
Bharti Airtel said it has not applied for any such license since April 2018 as there was no operational need for the same
Airtel has not taken any such licence since April 2018
Operating profit for the telecom entity rose 24 per cent to $399 million.
It added that the group has adequate committed and non-committed facilities to operate as a going concern.
Heavyweight Bharti Airtel declined 4 per cent in the afternoon trade today and was the top loser after media reports suggested that the company has been blacklisted by DGFT
The move suggested by telcos, if executed, will bring in additional revenues of Rs 22,077 crore from Bharti Airtel, Vodafone Idea, and the Tatas in this fiscal year
Earlier this month, the telecom company introduced a Rs 279 prepaid plan, with Rs 4 lakh insurance cover from HDFC Life
The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, 2019.
Bharti Airtel, Voda Idea and the Tatas are set to miuss the Jan 24 deadline as they would wait until next week, when their "modification" petition will be heard by the SC, before making AGR payments
Government will stop collecting annual licence fee and spectrum usage charge from operators, according to the tentative proposal. Instead, the operators will give fees to the SPV.