Retrospective tax to the tune of Rs 10,247 crore levied on UK's Cairn Energy Plc is in arbitration
At the bourses, Vodafone Idea dipped 12.5 per cent in the quarter under review. In comparison, the S&P BSE Sensex gained 9 per cent in the same period
The government is yet to take a call on appealing against an arbitration award relating to retrospective tax demand against British telecom player Vodafone
It cost us more in prestige than we could hope to win and this award ends a decade-old saga that tarnished India's reputation among foreign investors
The promises of netas and babus and new laws, however well-meaning, mean little. What matters is implementation on the ground
Monthly decline rates of urban and rural mobile subscription were 0.18 per cent and 0.40 per cent, respectively, data showed
With its competitive pricing in the prepaid segment, Jio has already eroded the subscriber base of both the incumbent players over the past four years
In the past four trading days, shares of the company have underperformed the market by falling 10 per cent, as compared to a 2 per cent decline in the S&P BSE Sensex.
What really has changed for Vodafone Idea, saddled with losses and piling debt, prompting it to bravely showcase its integration in a tough telecom market?
From rebranding of Vodafone Idea to India successfully testing hypersonic technology, here are top headlines this morning
Sibal says the government should feel aggrieved that its decision - to grant 20 years to telecom companies to make the payment - has been turned down
Vodafone Idea shares plunged over 17 per cent, while the stock price of Bharti Airtel surged over 4 per cent on Tuesday
The telecom companies are awaiting the Supreme Court's judgement in the adjusted gross revenue (AGR) case
Airtel - which has stopped onboarding new customers on its platinum offering after an earlier Trai directive - may not be served a show-cause notice
In its last hearing, the SC had asked the Centre to prepare a plan for recovering AGR dues from bankrupt telecom operators
The consolidation is a significant step towards its synergy realisations and has led to process standardisation for both the retail and enterprise customers
Counsels of both the mobile operators had sought a fortnight for submission of the affidavit
Listen to the podcast to know what Ambareesh Baliga and Abhishek Karande said on the reason behind the phenomenal surge and what should investors do at this point
Analysts, however, say a 5 per cent sale will not help much given the cash burn and rising debt
Telecom company had sought tax refunds for four years but it was allowed for 2014-15.