Reliance Industries has said it is consolidating its media and distribution business spread including TV18 Broadcast, Hathway Cable & Datacom, DEN Networks into Network18
It also takes cognizance of recent losses suffered by the company in the quarter ended December
Vodafone Idea ended over half a per cent lower at Rs 3.42 after jumping around 19 per cent in the early trade
The Supreme Court had on Friday dismissed the petitions of Bharti Airtel and Vodafone Idea seeking a staggered option to pay their AGR-related dues
A bench headed by Justice Arun Mishra declined to accept the proposal given by senior advocate Mukul Rohatgi, appearing for Vodafone
The need of the hour could be to let Vodafone-Idea continue with the business providing them an extended rope to make the payments over a period of time, than to kill the "goose"
According to report, telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices are likely to make payment for the adjusted gross revenue dues today
Telco provides no clarity on amount, says assessment in next few days
Vodafone Idea said that the company's ability to continue as a going concern will depend on a favourable order on its modification plea filed before the apex court
Vodafone Idea said the continuation of business in India will depend on favourable order on its modification plea filed before the apex court
In 2007-8, Telecom Disputes Settlement and Appelate Tribunal had narrowed the scope of AGR. Following this, the then UPA government went into an appeal
Holding firm to pick up Rs 14,000 cr AGR tab of Tata Tele, which only has Rs 200 cr of cash surplus as on Dec 2019
He had issued an order saying no coercive action should be taken to recover Adjusted Gross Revenue (AGR) dues from telecom firms after expiry of the deadline set by the apex court
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices
Among telcos, Vodafone Idea tumbled over 23 per cent to Rs 3.44 apiece on the BSE post the AGR verdict
Supreme Court on Friday rejected the telecom companies' plea seeking new schedule of adjusted gross revenue (AGR) payments.
The Supreme Court on Friday said the companies and the federal Department of Telecommunications (DoT) were liable for contempt of court
Vodafone Idea, Bharti Airtel and Tata Teleservices had filed modification applications on the time schedule to make payments of over Rs 1 trillion that they owe to DoT as AGR
A total of 946 companies, including ONGC, Embassy Office Parks REIT, and Fortis Healthcare are scheduled to announce their December quarter earnings today