Vodafone Idea (Vi), Bharti Airtel and Tata Teleservices suffered a setback on Monday. India’s Supreme Court dismissed their petitions to waive the interest, penalty and interest-on-penalty on their adjusted gross revenue (AGR) dues, calling them “misconceived.” Also Read: Vodafone faces an existential question after SC ruling Curative petitions by telecom operators against the apex court’s…
“Based on our discussions with telecom operators, there are limitations and commercial constraints as far as satellite technology is concerned,” Prachur Sah, managing director and CEO of Indus Towers, said during a call with analysts on Thursday to discuss the January-March quarter earnings. “So, we don’t see any risk for the terrestrial networks in the…
The Centre is not considering any further equity infusion in Vodafone Idea after conversion of the company’s dues worth â‚ą36,950 crore into equity. In an interaction with Mint, Union communications minister Jyotiraditya Scindia also said there are no plans to merge the company with state-owned BSNL. On the broader sector, Scindia, who is set to…
On Saturday, the government converted â‚ą36,950 crore overdue spectrum charges from Vodafone Idea Ltd into equity, becoming the biggest shareholder in India’s third-largest telecom operator with a 49% stake. The original promoters of Vi, Aditya Birla group and British telecom company Vodafone Plc., will own a 25.7% minority stake but will continue to be classified…
Here’s a quick look at stocks likely to be in focus in today’s trade. ITC The company has signed a Business Transfer Agreement with Aditya Birla Real Estate (ABREL) to acquire ABREL’s pulp and paper business, known as Century Pulp and Paper. This includes all associated assets, liabilities, contracts, and employees as a going concern…
Government of India’s Ministry of Communications have decided to convert Vodafone Idea Ltd’s outstanding spectrum auction dues into equity shares, increasing its stakeholding in the firm to 48.99 per cent, according to the exchange filing on Sunday, March 30. “It is hereby informed that Ministry of Communications, Government of India has, in line with the…
On a day global stock indices were battered by rising international trade tensions induced by US President Donald Trump, Indian markets followed their slump, with all gauges dipping sharply. Japan’s Nikkei and China’s CSI 300 fell 2.88% and 1.97%, respectively, amid weak openings for Germany’s Dax and French CAC. Almost on cue, the Indian benchmarks—Nifty…
Here’s a quick look at stocks likely to be in focus in today’s trade. Vodafone Idea, Bharti Airtel: The Supreme Court has dismissed review petitions filed by Vodafone Idea and Bharti Airtel, seeking corrections in the calculation of Adjusted Gross Revenue (AGR) dues. This verdict upholds the court’s 2021 decision, leaving the telecom firms with…
Stock Market today: Vodafone Idea share price that opened almost flat on Tuesday however dipped almost 4% in the morning trades on Tuesday. The company had issues clarification on “AGR dues waiver” on Monday after market hours The Vodafone Idea in its clarification to the exchanges had said that “we have not received any communication…
Here’s a quick look at stocks likely to be in focus in today’s trade. ICICI Bank: ICICI Bank has refuted allegations of paying salary or granting stock options to SEBI Chairperson and former employee Madhabi Puri Buch. This statement follows claims by Indian National Congress spokesperson Pawan Khera, who alleged that Buch received â‚ą16.8 crore…
