Tata Teleservices

Shares of Tata Group companies on Thursday rose up to 10 per cent, with Tata Chemicals and Tata Teleservices among the major gainers.

Some of the most active stocks that gained in morning trade were Tata Teleservices, RVNL and Adani Wilmar.

A loss-making company has delivered 5,389% returns in less than two years! Is this hype for real?

Tata Teleservices (Maharashtra) Limited has said that it will not opt for conversion of interest related to AGR dues into equity

Government is expected to come out with detailed guidelines for conversion of interest payment liabilities of telecom players into equity in a month

The debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into government equity stake

Once the conversion is done, the government holding is expected to be about 9.5 per cent in the company

DoT will write fresh letters to telecom companies questioning them about the variation in AGR dues assessed by firms themselves and its own calculations, according to a source.

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 operators are collectively liable to pay Rs 1.47 lakh crore in AGR dues as per the Supreme Court order dated October 24, 2019.

"The January 23 deadline is not applicable to them (the non-telecom companies or PSUs). There will be a separate date of compliance for non-telecom companies, which we will intimate them. "They don't come under January 23 deadline as it is a Supreme Court-fixed timeline for telecom companies that had approached the court (Airtel, Vodafone Idea a...

Vodafone Idea, Bharti Airtel, and Tata Teleservices have filed an application in the Supreme Court seeking modification of its earlier order and permit them to negotiate the payment schedule with the DoT.

The telecom companies said they wanted an open-court hearing on their fresh pleas with regard to working out fresh schedule of payment of their dues.

According to the telecom department, Bharti Airtel owes around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communications Rs 16,456.47 crore.

Mr Mistry also made it clear that he does not intend to pursue executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries.

Shares of Tata Group companies on Thursday rose up to 10 per cent, with Tata Chemicals and Tata Teleservices among the major gainers.

Some of the most active stocks that gained in morning trade were Tata Teleservices, RVNL and Adani Wilmar.

A loss-making company has delivered 5,389% returns in less than two years! Is this hype for real?

Tata Teleservices (Maharashtra) Limited has said that it will not opt for conversion of interest related to AGR dues into equity

Government is expected to come out with detailed guidelines for conversion of interest payment liabilities of telecom players into equity in a month

The debt liabilities will continue to remain with telecom companies which have proposed to convert their interest dues into government equity stake

Once the conversion is done, the government holding is expected to be about 9.5 per cent in the company

DoT will write fresh letters to telecom companies questioning them about the variation in AGR dues assessed by firms themselves and its own calculations, according to a source.

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 operators are collectively liable to pay Rs 1.47 lakh crore in AGR dues as per the Supreme Court order dated October 24, 2019.

"The January 23 deadline is not applicable to them (the non-telecom companies or PSUs). There will be a separate date of compliance for non-telecom companies, which we will intimate them. "They don't come under January 23 deadline as it is a Supreme Court-fixed timeline for telecom companies that had approached the court (Airtel, Vodafone Idea a...

Vodafone Idea, Bharti Airtel, and Tata Teleservices have filed an application in the Supreme Court seeking modification of its earlier order and permit them to negotiate the payment schedule with the DoT.

The telecom companies said they wanted an open-court hearing on their fresh pleas with regard to working out fresh schedule of payment of their dues.

According to the telecom department, Bharti Airtel owes around Rs 23,000 crore, Vodafone Idea Rs 19,823.71 crore and Reliance Communications Rs 16,456.47 crore.

Mr Mistry also made it clear that he does not intend to pursue executive chairmanship of Tata Sons, or directorship of TCS, Tata Teleservices or Tata Industries.