The payment was due in September 2020 under the terms of the contingent liability mechanism with Vodafone Idea
Top company executives said the firm had earlier planned to invest about Rs 3,880 crore in the present financial year.
Top line gets boost in March qtr as more people work from home
This period will serve as a reckoning for remote work and may help to spur on digital transformation
In a bid to do this at the available capacity, Bharti Airtel and Vodafone Idea have said they are doing everything to keep the situation under control
Sebi has also introduced limits on open positions for going short or long in index derivatives
A hike in tariffs is guaranteed. But it would not necessarily lead to higher ARPU
There has been a steady rise in market concentration in several sectors across manufacturing
A bench of Justices Arun Mishra, S A Nazeer and M R Shah refused to take up the Centre's plea for allowing telecom companies to pay AGR dues in 20 years
The government had approached the apex court seeking approval to a formula allowing telcos to pay their remaining AGR dues in annual installments over the next 20 years or so
A Bench of Justices Arun Mishra and M R Shah, hearing the DoT plea in the AGR matter, said if SC allowed a plea like this, it would also become party to a fraud
"Do not pay anything. Do not pay this. Do not pay the AGR (Adjusted gross revenue) also," the bench said while dismissing the appeal of the telecom firm.
On February 14, the Supreme Court had directed telecom companies to pay the AGR-related liabilities to the government by March 17
The Department of Telecommunications had sought to levy a one-time spectrum charge on telecom service providers
The DoT has sought to levy a one-time spectrum charge over 6.2 MHz held by the telco
In case of Vodafone Idea Ltd (VIL), the DoT is seeking over Rs 53,000 crore
Indian equity markets ended an eventful and highly volatile session with significant gains on Friday after posting a record intra-day recovery
The telecom service providers have been directed to make payments on the basis of self-assessment and submit requisite documents for compliance, MoS for communication said in RS
Proceeds to be used to shore up liquidity
Reliance Jio has been found to be the fastest network in the country by the Telecom Regulatory Authority of India. However, private broadband analysis firm have had different findings.