Agr

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Agr - Total results - 112
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

SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'
India

SC bench slams telcos for seeking recalculation of AGR dues, says it can 'impose more costs than any other court before'

'The calculation that has been given by DoT is to be treated as final; there can be no scope of re-assessment,' the Supreme Court held.

AGR row: GAIL says DoT's Rs 1.83 lakh cr demand notice not material event, legally untenable
Business

AGR row: GAIL says DoT's Rs 1.83 lakh cr demand notice not material event, legally untenable

GAIL said it had refuted the provisional assessment orders of DoT and sought its withdrawal.

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

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report
Business

Vodafone Idea's long term viability remains under cloud, despite near-term liquidity support: Report

The $200 million fund infusion by British telecom giant Vodafone offers near-term liquidity support to Vodafone Idea, but longer-term viability remains under cloud, Credit Suisse has said

Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment
Business

Vodafone Idea shares jump 9% as Vodafone Group makes about Rs 1,530 cr accelerated payment

Shares of Vodafone Idea Ltd ended over 9 percent higher on Thursday after British telecom giant Vodafone Plc said it has advanced infusion of $200 million (about Rs 1,530 crore) in its Indian joint venture with Aditya Birla Group, that is facing a humongous liability of past statutory dues

Vodafone Group makes Rs 1,530 cr payment to Vodafone Idea under 'contingent liability mechanism'
Business

Vodafone Group makes Rs 1,530 cr payment to Vodafone Idea under 'contingent liability mechanism'

Vodafone Group on Wednesday said it has accelerated a payment of $200 million (about Rs 1,530 crore) to Vodafone Idea, due in September 2020, under the terms of the "contingent liability mechanism"

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

DoT issues fresh letter to telcos after Supreme Court rap on AGR dues payment; says no self-assessment to be considered
Business

DoT issues fresh letter to telcos after Supreme Court rap on AGR dues payment; says no self-assessment to be considered

The DoT said that AGR dues calculated by the DoT and submitted to the court would be considered.

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

SC says self-assessment of AGR dues violation of order; telecom stocks plunge, Vodafone Idea plummets 35%
Business

SC says self-assessment of AGR dues violation of order; telecom stocks plunge, Vodafone Idea plummets 35%

Hearing the Department of Telecommunications plea, a Supreme Court bench held that no further objections to its orders would be allowed against the Adjusted Gross Revenue (AGR) dues.

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)

Govt gets Rs 25,900 cr in AGR dues, asks telcos to make full payment; says no plan to set up anti-trust laws to curb cartelisation in telecom sector
Business

Govt gets Rs 25,900 cr in AGR dues, asks telcos to make full payment; says no plan to set up anti-trust laws to curb cartelisation in telecom sector

The minister said the government has "again" directed the operators to make full payments of the AGR dues in a letter dated 4 March 2020.

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

Vodafone Idea shares jump over 6% after reports of telco paying Rs 3,043 cr to DoT towards deferred spectrum dues
Business

Vodafone Idea shares jump over 6% after reports of telco paying Rs 3,043 cr to DoT towards deferred spectrum dues

Troubled Vodafone Idea on Tuesday paid about Rs 3,043 crore to the telecom department towards deferred spectrum dues, sources said.

Vodafone Idea pays about Rs 3,043 cr to DoT towards deferred spectrum dues, Airtel Rs 1,950 cr; Jio makes payment of Rs 1,053 cr
Business

Vodafone Idea pays about Rs 3,043 cr to DoT towards deferred spectrum dues, Airtel Rs 1,950 cr; Jio makes payment of Rs 1,053 cr

Vodafone Idea too paid about Rs 3,043 crore towards deferred spectrum dues, as per the sources.

DoT to write fresh letters to telecom companies, questions discrepancy in AGR dues math; seeks names of MDs
Business

DoT to write fresh letters to telecom companies, questions discrepancy in AGR dues math; seeks names of MDs

The move assumes significance as the amounts paid by telcos so far, even those who have announced full and final settlement, is significantly less than DoT's AGR estimates.