SC allows Karti Chidambaram to withdraw Rs 20 crore deposited for travelling abroad
When the matter came up for hearing before a bench headed by Chief Justice S A Bobde, Solicitor General Tushar Mehta said there was no objection from the Enforcement Directorate to the plea seeking withdrawal of the amount since he has returned.
RCom lenders to meet January 2 to consider asset bids
The bankrupt telco RCom and its units are under the reins of resolution professional (R...
Political, business bigwigs suffer setback in Delhi HC in 2019
The list include senior Congress leaders like Sonia Gandhi and Rahul Gandhi in...
Ericsson asks NCLT to dismiss RCom’s Rs 550-crore refund plea
The telecom equipment maker has asked the tribunal to dismiss RCom’s plea with “exemplary costs”.
NCLT directs DoT not to suspend Aircel’s spectrum license
The battle between Aircel , which keeled under a debt of Rs 26,000 crore, and Department of Telecommunications (DoT) started when the latter demanded dues on airwaves be paid to the government failing which licenses should be suspended .
Airtel’s AGR burden likely to get heavier
The department of telecom is set to hold Bharti Airtel liable for some dues of Videocon tele and Aircel.
Stocks in the news: YES Bank, Bharti Airtel, Infosys, L&T, IDBI Bank and TCS
Here are a few stocks that may buzz during the day.
Lenders may net Rs 20,000 crore: Jio, UV Asset Recast Co top bidders for RCom assets
Bankers have named Jio as the preferred bidder for the tower and fibre assets housed in Reliance Infratel, while UVARCL will acquire the spectrum of RCom and its subsidiary Reliance Telecom. The combined offer from UVARCL and Jio is higher than the offer from Bharti Airtel — which had an NPV of Rs 8,500 crore.
Pay AGR dues within 3 months, DoT tells telecom operators
The Department of Telecommunications (DoT) has asked telcos and internet service providers to pay up license fees and spectrum usage charges...
Clear revenue share dues as per Supreme Court order: DoT to telecom operators
The DoT has issued notice to telcos to pay their revenue share dues within three months as directed by the SC.
At Aircel, the last calls are the ones that are hurting the most
Funds have fallen to a trickle, and the RP is just about keeping it alive to get a good price for assets.
Big blow for telcos as Supreme Court backs DoT definition of AGR
The apex court has ruled that AGR should include all revenue accrued to carriers. But, now the government is in a bind over how to recover more than Rs 1.3 lakh crore from and already stressed sector. Vodafone Idea will be the worst affected.
Aircel-Maxis case: HC seeks response of Chidambaram, son on ED's plea challenging anticipatory bail
Justice Suresh Kait issued notice to Chidambaram and Karti on the agency's petition seeking cancellation of their anticipatory bail.
Aircel-Maxis case: ED moves Delhi HC challenging anticipatory bail granted to Chidambaram, son
ED has challenged the September 5 order of the special court granting the relief to Chidambaram and his son.
Reform package being considered for sectoral relief: Secy
After the price war shrunk the industry into three non-state players from eight, with two going out of business, the DoT is considering a reform package to the telecom sector to help its revival, which may include longer spectrum payment periods.
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