Peter Agre
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Big Telecom Reform: 100% FDI Through Automatic Route Cleared By Cabinet
In a big telecom reform, the centre has announced 100 per cent foreign direct investment (FDI) in the telecom sector through the automatic route as part of its comprehensive package for the telecom sector."100 per cent FDI in telecom via the automatic route was approved by the cabinet," telecom minister Ashwini Vaishnav said while briefing reporter...
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Here's What The Telecom Package Means: 5 Points
The centre has cleared a relief package for the embattled telecom sector, in a move to provide relief to companies weighed down by huge Adjusted Gross Revenue (AGR) dues. The package would provide relaxation to telecom companies on payment of their long outstanding dues, including a four-year moratorium on spectrum installment which is due in Apri...
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Stocks To Watch: Maruti Suzuki India, Canara Bank, Bharti Airtel
The Supreme Court will hear a fresh plea by Bharti Airtel against payment of defunct telecom company Videocon Telecommunications' adjusted gross revenue (AGR) dues
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Kumar Mangalam Birla's Offer To Hand Over Vodafone Idea: What It Means
Vodafone Idea: The data costs have already started inching upwards in what was the world's cheapest data market in the not-too-distant past and could only get dearer in the future
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Supreme Court Rejects Telecoms' Plea To Recalculate Dues Owed To Centre
In September last year, the topcourt had granted the telecom companies a period of 10 years to pay their pending AGR dues, amounting to Rs 93,520 crore, to the government
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Vodafone Idea Gains Nearly 9% Post Supreme Court AGR Verdict
On Tuesday, the Supreme Court had given telecom companies 10 years to clear their adjusted gross revenue dues, thus ending the uncertainty over dues and re-payment tenure.
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Top Court Gives Telecom Firms 10 Years To Pay Dues, Contempt If Default
The Supreme Court on Tuesday gave telecom companies 10 years to clear huge dues owed to the government, called adjusted gross revenue (AGR), amounting to about Rs 1.6 lakh crore, in staggered payments. A three-judge bench of the top court said telecom companies must pay 10 per cent of the dues by March 31 next year. The Supreme Court rejected a 20-...
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Telecom Stocks Mixed After Top Court Refuses Relief On Statutory Dues
The Supreme Court, in a big setback for telecom companies, dismissed Centre's plea to review its order asking telecom firms to immediately clear dues
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Bharti Airtel Pays Additional Rs 8,004 Crore In Statutory Dues
The company said it calculated the liabilities on self-assessment basis till December 31, 2019 and the payment includes interest up to February 29, 2020.
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Crisil Downgrades Vodafone Idea's Debt Issue Over Government Dues
The rating action reflects CRISIL's expectation of a lower likelihood of any relief from Government of India after the Supreme Court (SC) on February 14, 2020, did not grant any relief to the telecom companies, including Vodafone Idea, on adjusted gross revenue (AGR) dues and directed them to make the payment before the next hearing date i.e. March...
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Telecom Firms Make Part-Payment Of AGR Dues As Top Court Refuses To Relent
The beleaguered telecom companies made part-payment of adjusted gross revenue (AGR) dues to the government after the telecom department began issuing orders to telecom companies to clear their dues immediately or face "necessary action." The telecom department started acting tough after a furious Supreme Court hauled up telecom companies and govern...
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Sensex Hovers At 41,300; TCS, Hindustan Unilever Top Gainers, ONGC, ICICI Bank Weak
Meanwhile, reports suggest that telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices will make payments towards adjusted gross revenue (AGR)-related dues during the course of the day to avoid stringent punitive action from the Department of Telecommunications.
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Telecom Stocks Slide After Top Court Says Companies In Contempt Over AGR Dues
The telecom companies had earlier filed pleas seeking a new schedule for paying statutory dues towards adjusted gross revenue (AGR) to the Department of Telecommunications (DoT). The telecom companies wanted to negotiate a fresh payment schedule with the telecom department, which has issued demand notices to them.
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Bharti Airtel Gains, Vodafone Idea Nosedives After Supreme Court Rejects AGR Review Plea
It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications (RCom). According to the telecom department, Bharti Airtel owed around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communic...
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Telecom Stocks Zoom As Companies Hike Tariffs: 10 Points
Telecom stocks jumped on Monday after three of India's telecom giants - Bharti Airtel, Vodafone Idea and Reliance Jio - announced higher tariffs from this month. Bharti Airtel and Vodafone Idea shares soared as much as 4.1 per cent and 14 per cent respectively, whereas shares in Reliance Industries - the parent company of Reliance Jio Infocomm - ro...
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Big Telecom Reform: 100% FDI Through Automatic Route Cleared By Cabinet
In a big telecom reform, the centre has announced 100 per cent foreign direct investment (FDI) in the telecom sector through the automatic route as part of its comprehensive package for the telecom sector."100 per cent FDI in telecom via the automatic route was approved by the cabinet," telecom minister Ashwini Vaishnav said while briefing reporter...
-
Here's What The Telecom Package Means: 5 Points
The centre has cleared a relief package for the embattled telecom sector, in a move to provide relief to companies weighed down by huge Adjusted Gross Revenue (AGR) dues. The package would provide relaxation to telecom companies on payment of their long outstanding dues, including a four-year moratorium on spectrum installment which is due in Apri...
-
Stocks To Watch: Maruti Suzuki India, Canara Bank, Bharti Airtel
The Supreme Court will hear a fresh plea by Bharti Airtel against payment of defunct telecom company Videocon Telecommunications' adjusted gross revenue (AGR) dues
-
Kumar Mangalam Birla's Offer To Hand Over Vodafone Idea: What It Means
Vodafone Idea: The data costs have already started inching upwards in what was the world's cheapest data market in the not-too-distant past and could only get dearer in the future
-
Supreme Court Rejects Telecoms' Plea To Recalculate Dues Owed To Centre
In September last year, the topcourt had granted the telecom companies a period of 10 years to pay their pending AGR dues, amounting to Rs 93,520 crore, to the government
-
Vodafone Idea Gains Nearly 9% Post Supreme Court AGR Verdict
On Tuesday, the Supreme Court had given telecom companies 10 years to clear their adjusted gross revenue dues, thus ending the uncertainty over dues and re-payment tenure.
-
Top Court Gives Telecom Firms 10 Years To Pay Dues, Contempt If Default
The Supreme Court on Tuesday gave telecom companies 10 years to clear huge dues owed to the government, called adjusted gross revenue (AGR), amounting to about Rs 1.6 lakh crore, in staggered payments. A three-judge bench of the top court said telecom companies must pay 10 per cent of the dues by March 31 next year. The Supreme Court rejected a 20-...
-
Telecom Stocks Mixed After Top Court Refuses Relief On Statutory Dues
The Supreme Court, in a big setback for telecom companies, dismissed Centre's plea to review its order asking telecom firms to immediately clear dues
-
Bharti Airtel Pays Additional Rs 8,004 Crore In Statutory Dues
The company said it calculated the liabilities on self-assessment basis till December 31, 2019 and the payment includes interest up to February 29, 2020.
-
Crisil Downgrades Vodafone Idea's Debt Issue Over Government Dues
The rating action reflects CRISIL's expectation of a lower likelihood of any relief from Government of India after the Supreme Court (SC) on February 14, 2020, did not grant any relief to the telecom companies, including Vodafone Idea, on adjusted gross revenue (AGR) dues and directed them to make the payment before the next hearing date i.e. March...
-
Telecom Firms Make Part-Payment Of AGR Dues As Top Court Refuses To Relent
The beleaguered telecom companies made part-payment of adjusted gross revenue (AGR) dues to the government after the telecom department began issuing orders to telecom companies to clear their dues immediately or face "necessary action." The telecom department started acting tough after a furious Supreme Court hauled up telecom companies and govern...
-
Sensex Hovers At 41,300; TCS, Hindustan Unilever Top Gainers, ONGC, ICICI Bank Weak
Meanwhile, reports suggest that telecom operators Bharti Airtel, Vodafone Idea and Tata Teleservices will make payments towards adjusted gross revenue (AGR)-related dues during the course of the day to avoid stringent punitive action from the Department of Telecommunications.
-
Telecom Stocks Slide After Top Court Says Companies In Contempt Over AGR Dues
The telecom companies had earlier filed pleas seeking a new schedule for paying statutory dues towards adjusted gross revenue (AGR) to the Department of Telecommunications (DoT). The telecom companies wanted to negotiate a fresh payment schedule with the telecom department, which has issued demand notices to them.
-
Bharti Airtel Gains, Vodafone Idea Nosedives After Supreme Court Rejects AGR Review Plea
It may be recollected that the telecom department claimed dues of around Rs 92,000 crore as license fee and Rs 41,000 crore as spectrum usage fee from Bharti Airtel, Vodafone Idea and Reliance Communications (RCom). According to the telecom department, Bharti Airtel owed around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communic...
-
Telecom Stocks Zoom As Companies Hike Tariffs: 10 Points
Telecom stocks jumped on Monday after three of India's telecom giants - Bharti Airtel, Vodafone Idea and Reliance Jio - announced higher tariffs from this month. Bharti Airtel and Vodafone Idea shares soared as much as 4.1 per cent and 14 per cent respectively, whereas shares in Reliance Industries - the parent company of Reliance Jio Infocomm - ro...
