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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 ......

Grapevine: Actis snaps up Acme's solar assets; Temasek looks to buy Lakshmi Vilas Bank

General

28 February, 2020

Grapevine: Actis snaps up Acme's solar assets; Temasek looks to buy Lakshmi Vilas Bank

Emerging markets-focussed private equity fund Actis has acquired the solar energy assets with a capacity of 600 megawatt from Acme ......

Bharti Infratel, Indus Towers extend merger deadline again

TMT

24 February, 2020

Bharti Infratel, Indus Towers extend merger deadline again

A planned multi-billion-dollar merger between telecom tower companies Bharti Infratel Ltd and Indus Towers Ltd has been delayed yet again. Bharti ......

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 ......

Sensex, Nifty gain for the week

Markets

14 February, 2020

Sensex, Nifty gain for the week

Indian shares reversed early gains to end lower on Friday, dragged down by banks exposed to telecom operators who were ......

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 ......

New Indian law to protect foreign investors to exclude tax demands

Finance

21 January, 2020

New Indian law to protect foreign investors to exclude tax demands

New legislation will improve protection for foreign investors in India by offering relief from possible policy changes but will uphold ......

Nifty, Sensex finish the week with 0.8% gains

Markets

17 January, 2020

Nifty, Sensex finish the week with 0.8% gains

Indian shares ended little changed on Friday as losses in telecom and banking stocks offset strength in conglomerate Reliance Industries ......

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 ......

Grapevine: China Mobile in talks for India cloud network; Allahabad Bank to part-exit JV

General

10 January, 2020

Grapevine: China Mobile in talks for India cloud network; Allahabad Bank to part-exit JV

China Mobile, the Asian nation's largest mobile operator, has held early-stage talks with telecom service providers Bharti Airtel Ltd and ......