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Supreme Court slams telecoms firms over AGR dues; Vodafone Idea plunges

TMT

18 March, 2020

Supreme Court slams telecoms firms over AGR dues; Vodafone Idea plunges

India’s Supreme Court on Wednesday lashed out at mobile phone operators for self-assessing their outstanding telecoms dues, saying it amounted ......

ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy

Manufacturing

17 March, 2020

ArcelorMittal, Nippon Steel sign $5.15 bn loan pact to refinance Essar Steel buy

Japan's biggest steelmaker Nippon Steel Corp said on Tuesday its joint venture with ArcelorMittal has signed a $5.15 billion loan ......

Top court sets aside NCLAT order on Dhanuka's offer for Orchid Pharma

Healthcare

04 March, 2020

Top court sets aside NCLAT order on Dhanuka's offer for Orchid Pharma

The Supreme Court has set aside an insolvency appeals court’s order against Dhanuka Laboratories Ltd’s resolution plan to acquire debt-laden ......

Supreme Court strikes down RBI banking ban on cryptocurrency

TMT

04 March, 2020

Supreme Court strikes down RBI banking ban on cryptocurrency

India's Supreme Court ruled on Wednesday to allow banks to handle cryptocurrency transactions from exchanges and traders, overturning a ban ......

Hughes Network fears India bankruptcy, bank disruptions over AGR dues

TMT

24 February, 2020

Hughes Network fears India bankruptcy, bank disruptions over AGR dues

U.S. satellite broadband provider Hughes Network Systems may have to shut its Indian operations due to unpaid levies owed to ......

Vodafone Idea to pay $490 mn in telecom dues this week, shares rise

TMT

17 February, 2020

Vodafone Idea to pay $490 mn in telecom dues this week, shares rise

Beleaguered Indian wireless carrier Vodafone Idea will pay Rs 3,500 crore ($490 million) in telecoms dues to the government by ......

Supreme Court orders telecom firms to clear $13 bn in dues by March 17

TMT

14 February, 2020

Supreme Court orders telecom firms to clear $13 bn in dues by March 17

India’s Supreme Court slammed mobile carriers on Friday for non-payment of billions of dollars in government dues and threatened them ......

Supreme Court rejects telecom firms' plea for relief on $13 bn govt dues

TMT

16 January, 2020

Supreme Court rejects telecom firms' plea for relief on $13 bn govt dues

India’s top court on Thursday rejected petitions by mobile operators including Bharti Airtel and Vodafone Idea seeking a review of ......

Fortis mulls legal options after apex court slaps contempt notice

Healthcare

18 November, 2019

Fortis mulls legal options after apex court slaps contempt notice

Fortis Healthcare Ltd on Monday said it is considering legal options after the apex court on Friday held former Ranbaxy ......

Supreme Court clears decks for ArcelorMittal to buy Essar Steel

Manufacturing

15 November, 2019

Supreme Court clears decks for ArcelorMittal to buy Essar Steel

The Supreme Court has cleared the way for global steel giant ArcelorMittal SA’s Rs 42,000 crore ($5.85 billion) acquisition of ......