Latest News
-
Multibagger Energy Stock To Reward Shareholders With 3 Bonus Shares, Hits 52-Week High -
Massive Rs 33/Sh Dividend By Larsen's IT Stock, 1650% Payout Soon; LTTS Earns Profit Of Rs 341 Crore In Q4 -
Rs 7.50/Share Dividend: Adani Group Cement Company Reports Strong Q4 Results; Profit Surges 2x YoY -
Closing Bell: Market Rebounds To End With Gains For 5th Straight Day; Sensex & Nifty Soar Led By Banks -
Gold Prices Ayodhya: In Ram-Janma-Bhumi, 24carat Falls By Rs 380 In 10-Grams, Drops By Rs 3,800 In 100-gram -
Penny Stock Hits 2nd Upper Circuit After Declaring Earnings, Gains 14% In 1-Week -
Rs 8.50/Share Dividend Recommended: Nestle India Reports 27% YoY Jump In Profit -
0.50% Dividend Yield: Midcap Cement Stock Slumps 10% Following Weak Q4 Results; Profit Down 48% YoY -
1:10 Split, Rs 147/Share Dividend: FMCG Major Likely To Report Profit Growth; Buy Or Sell? -
Mark Zuckerberg's Meta Reports Record Q1 Profit Surge, Projects AI Investments This Year; Stock Slumps
Telecom Stocks Fall As DOT To Send Demand Notices For Rs 12,500 Crores
Shares in telecom companies fell after reports that the Department of Telecom (DOT), would soon issue a demand notice of over Rs 12,500 crores.
Shares in Reliance Communications was down 2 per cent, while Idea Cellular dropped 3 per cent and Bharti Airtel was also down 2 per cent in trade.
"The DoT is in the process to issue demand notice of over Rs 12,500 crore to six telecom operators -- RCom, Tata Tele, Vodafone , Airtel , Idea and Aircel -- which the CAG has found to have under-reported revenues during the UPA regime," a Telecom Ministry official was quoted by PTI as saying.
If the fresh demands materialize, it could be a big blow to the telecom operators, who have had similar issues in the past.
Telecom companies are already grappling with issue of large debts and severe competition. However, as we have seen in the past, the telecom operators may contest the move.
GoodReturns.in
