Gulveen Aulakh

  • Mobile companies seek review of duty on parts as imports from Vietnam soar

    Mobile companies seek review of duty on parts as imports from Vietnam soar

    India has imported mobile phone components worth more than $1 billion from Vietnam — with which India has a free trade agreement (FTA) —in the first half of this fiscal alone, compared to $800 million in the whole of 2018-19 and just over $600 million in FY18, an industry association of companies making handset in India has informed the government.

    COAI promises better tech, network with extra revenue

    COAI promises better tech, network with extra revenue

    The industry’s move to raise tariffs will ultimately benefit the customer and the government, COAI said, adding that revenue generated from higher plans will be ploughed back into improving customer experience.

    Bharti Airtel plans share issue first, bonds later to raise funds for AGR

    Bharti Airtel plans share issue first, bonds later to raise funds for AGR

    The primary aim of private placement before tapping global debt markets; firm also looking at taking advantage of negative rates in Europe. The company is in talks with at least half a dozen foreign banks including BNP, Citibank, HSBC, Standard Chartered, Bank of America and JP Morgan.

    Airtel moves SC for government talks on AGR

    Airtel moves SC for government talks on AGR

    The Sunil Mittal-led telco filed an application in the apex court earlier this week seeking modification of the court’s order of October 24 to permit Airtel and the government to ascertain the amount to be paid and “a mutually acceptable basis for the discharge of the same” over an agreed period of time.

    Top phone makers seek assurance on export incentives

    Top phone makers seek assurance on export incentives

    While India has appealed against the ruling before WTO’s Appellate Body last week, MEIS is set to be replaced with Remission of Duties or Taxes on Export Products (RoDTEP) from January 1, 2020, as announced by the finance ministry last month.

    PowerGrid to 'fight' any attempt by DoT to seek additional licence fee

    PowerGrid to 'fight' any attempt by DoT to seek additional licence fee

    The official at the power transmission provider said the Supreme Court order did not apply to non-telecom companies like PGCIL and therefore it would stand by its earlier assessment of licence fee. The official said PGCIL would not make any further payment to the DoT, and added that it had already paid Rs 59 crore as license fee.

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