Adjusted Gross-revenue

Showing of 1 - 20 from 65 results
Adjusted Gross-revenue - Total results - 65
Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore
Business

Supreme Court grants 10 years to telecom firms to pay AGR dues worth Rs 1.6 lakh crore

Failure to pay the instalments of the dues would incur penalty, interest, and contempt of court, the Bench cautioned the telecom firms

Vodafone Idea will bounce back despite AGR stress, says Bharti Infratel chairman Akhil Gupta
Business

Vodafone Idea will bounce back despite AGR stress, says Bharti Infratel chairman Akhil Gupta

Telecom infrastructure company Bharti Infratel on Friday said it believes that Vodafone Idea will bounce back, and the entity "will be around" despite the stress faced by the operator on account of statutory dues

AGR dues: Govt is well aware of implications if relief not provided to telcos, says COAI
Business

AGR dues: Govt is well aware of implications if relief not provided to telcos, says COAI

Industry body COAI on Friday said the government is well aware of implications of leaving the stressed telecom sector without a relief package, as it urged policymakers to use "tools" available to find appropriate solutions expeditiously

AGR: Self-assessment of dues by Bharti Airtel, Vodafone Idea, Tatas Rs 82,300 crore short of DoT's math
Business

AGR: Self-assessment of dues by Bharti Airtel, Vodafone Idea, Tatas Rs 82,300 crore short of DoT's math

Bharti Airtel, Vodafone Idea and Tata Group's self-assessment of dues to the government are a whopping Rs 82,300 crore short of what the telecom department calculated after the Supreme Court's ruling on AGR

AGR dues: Telecom shares crack after SC pulls up Centre, telcos; Vodafone Idea plunges 40%, Bharti Airtel down 5%
Business

AGR dues: Telecom shares crack after SC pulls up Centre, telcos; Vodafone Idea plunges 40%, Bharti Airtel down 5%

Telecom shares came crashing on Wednesday, led by Vodafone Idea which plunged 40 percent, after the Supreme Court pulled up the Centre and telcos for doing self-assessment or reassessment of the AGR dues fixed by the apex court

Supreme Court dismisses Vodafone's plea against levying one-time spectrum charges
Business

Supreme Court dismisses Vodafone's plea against levying one-time spectrum charges

The Supreme Court on Monday dismissed a petition filed by Vodafone against the levy of one-time spectrum charges (OTSC)

AGR liabilities at Rs 21,533 cr as per self-assessment, says Vodafone Idea; Group CEO Nick Read meets telecom minister
Business

AGR liabilities at Rs 21,533 cr as per self-assessment, says Vodafone Idea; Group CEO Nick Read meets telecom minister

Vodafone Idea on Friday said its adjusted gross revenue (AGR) liabilities stand at Rs 21,533 crore as per its self assessment, and that the calculation of dues has been filed with the telecom department

Govt detaches GAIL, OIL, other PSUs from AGR case after last month's Supreme Court order, says Union minister Sanjay Dhotre
Business

Govt detaches GAIL, OIL, other PSUs from AGR case after last month's Supreme Court order, says Union minister Sanjay Dhotre

The government has detached gas utility GAIL India, explorer Oil India and other PSUs from a Supreme Court order that had led to Rs 1.47 lakh crore being sought from telecom firms such as Bharti Airtel and Vodafone Idea in past dues, the Lok Sabha was informed on Wednesday

AGR dues: Govt receives Rs 15,896 cr payment from telcos; balance amount pegged at Rs 1,30,440 cr, says Union minister Sanjay Dhotre
Business

AGR dues: Govt receives Rs 15,896 cr payment from telcos; balance amount pegged at Rs 1,30,440 cr, says Union minister Sanjay Dhotre

The government has received Rs 15,896.5 crore payment from telecom companies towards AGR liabilities, placing the remaining dues at Rs 1,30,440.4 crore, the Lok Sabha was informed on Wednesday

AGR dues: No decision on relief to telcos at Digital Communications Commission meet
Business

AGR dues: No decision on relief to telcos at Digital Communications Commission meet

The crucial meeting of Digital Communications Commission (DCC) on Friday could not arrive at a decision on relief to the distressed telecom sector and more details are required for reconciliation of AGR data, sources said

AGR-hit Vodafone Idea wants 7-8 times hike in mobile data tariffs, call rates to enable company pay statutory dues
Business

AGR-hit Vodafone Idea wants 7-8 times hike in mobile data tariffs, call rates to enable company pay statutory dues

Vodafone Idea has demanded fixing minimum tariffs for mobile data at Rs 35 per GB, around 7-8 times of current prices, and for calls at 6 paise per minute along with monthly charges from 1 April to enable it pay statutory dues and make its business sustainable

AGR dues: Telecom industry body COAI rings alarm bells; asks govt to ease terms for payment, cut in licence fee
Business

AGR dues: Telecom industry body COAI rings alarm bells; asks govt to ease terms for payment, cut in licence fee

Industry body COAI has sent out a distress signal to the government seeking easier terms for payment of statutory dues by telcos, including extension of loans at lower rates to cover AGR liabilities, as also fast implementation of floor prices, to rescue the troubled sector

AGR woes: Bharti Airtel has financial capacity to withstand  $5 bn payout in statutory dues, says Moody's
Business

AGR woes: Bharti Airtel has financial capacity to withstand $5 bn payout in statutory dues, says Moody's

Moody's Investors Service said on Wednesday said Bharti Airtel has the financial capacity to withstand a payout of $5 billion in statutory dues

DoT seeks Rs 7,608 cr from GAIL in dues for FY18; Rs 1.83 lakh cr assessment not being pressed
Business

DoT seeks Rs 7,608 cr from GAIL in dues for FY18; Rs 1.83 lakh cr assessment not being pressed

The DoT has sought Rs 7,608 crore in dues from GAIL India for 2017-18 as the department appeared to be not pressing for immediate payment of Rs 1.83 lakh crore in past dues it had previously assessed from the state-owned gas utility

AGR issue: Nobody wants to kill telecom sector, says SBI chairman Rajnish Kumar
Business

AGR issue: Nobody wants to kill telecom sector, says SBI chairman Rajnish Kumar

With the telecom firms staring at a massive Rs 1.47 lakh crore of AGR dues, SBI chairman Rajnish Kumar on Monday said "nobody wants to kill the sector"

Fitch Ratings takes Bharti Airtel off 'watch negative'; affirms BBB- rating with stable outlook
Business

Fitch Ratings takes Bharti Airtel off 'watch negative'; affirms BBB- rating with stable outlook

Fitch Ratings on Thursday said it has taken Bharti Airtel off 'watch negative' and affirmed the telecom operator's long-term foreign currency issuer default rating at 'BBB-' with a stable outlook

AGR dues: Vodafone Idea pays Rs 1,000 cr to telecom department; DoT to issue fresh notices to Tata Teleservices
Business

AGR dues: Vodafone Idea pays Rs 1,000 cr to telecom department; DoT to issue fresh notices to Tata Teleservices

Vodafone Idea on Thursday paid Rs 1,000 crore more to the Department of Telecommunications (DoT) towards its statutory dues, a senior official said

Vodafone Idea shares surge over 38% amid reports of govt unlikely to invoke company's bank guarantees
Business

Vodafone Idea shares surge over 38% amid reports of govt unlikely to invoke company's bank guarantees

Vodafone Idea's shares on Wednesday closed over 38 percent amid reports that the government in unlikely to invoke the company's bank guarantees as of now

AGR dues: Vodafone Idea Chairman Kumar Mangalam Birla meets telecom secretary Anshu Prakash
Business

AGR dues: Vodafone Idea Chairman Kumar Mangalam Birla meets telecom secretary Anshu Prakash

Amid talks of the government encashing its bank guarantee over default in payment of dues, Vodafone Idea Chairman Kumar Mangalam Birla met Telecom Secretary Anshu Prakash on Tuesday as he looked for options to keep the company afloat

Payment of AGR dues by telecom companies to bring down fiscal deficit to 3.5% in current fiscal, says economists
Business

Payment of AGR dues by telecom companies to bring down fiscal deficit to 3.5% in current fiscal, says economists

Payment of adjusted gross revenue dues of Rs 1.20 lakh crore by telcos will reduce the fiscal deficit for 2019-20 to 3.5 percent of the GDP from the revised estimate of 3.8 percent of the GDP, economists at SBI said on Monday