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Telecom Shares Surge After DoT Seek 20-Year Time For AGR Payment

Shares of telecom majors Bharti Airtel and Vodafone surged in early trade on March 17, 2020 as the DoT approached the Supreme Court for allowing telecom companies 20 years window to clear their adjusted gross revenue or AGR dues. "We ...

Telecom Stocks Gain On Govt’s Relief Measures Reports

On Friday, shares of Vodafone Idea surged as much as 38 percent while Bharti Airtel rose 10 percent after an Economic Times report citing sources said that the Union Cabinet has approved a relief package for the financially-troubled telecom companies amid ...

Govt Has Received Rs 25,900 Crore In AGR Dues So Far

The Parliament was informed on Wednesday that the government has received part payment of about Rs 25,900 crore from telecom operators towards statutory dues. It has also directed telcos to make full payments. "The Telecom Service Providers (TSPs) have made some ...

Vodafone Idea Submits Self Assessement On AGR Dues To DoT

In a stock exchange filing on Friday, Vodafone Idea said that it has filed its self-assessment on AGR (adjusted gross revenue) liabilities with the Department of Telecommunications. As per the telco's calculations, the AGR associated dues are significantly lower at Rs ...

Bharti Airtel Pays Additional Rs 8,000 Crore Towards AGR Dues

In a stock exchange filing on Saturday, Bharti Airtel said that it has paid Rs 3,004 crore towards its dues to the government with regard to the Supreme Court's AGR (adjusted gross revenue) judgement. It further said that an additional Rs ...

No Decision On Relief For Telcos Hit With AGR Dues At DCC Meet

On Friday, the Digital Communications Commission (DCC)'s crucial meeting to discuss steps on providing relief to stressed telecom companies ended inconclusively with the inter-ministerial panel saying it needed more data to make a decision on the AGR issue, a PTI report ...

IndusInd Bank Hits Over 3-Year Low On Risk On Rising Bad Loans

Shares of IndusInd Bank continued their decline seen in the stock since the revision of Moody's outlook over concerns of further asset quality deterioration. The stock fell over 5 percent on Tuesday to a fresh low of Rs 1,108.45, a level ...

More Trouble For Vodafone Idea As CARE Downgrades Its NCD Ratings

In a stock exchange filing on Monday, Vodafone Idea informed that Care Ratings Limited (CARE), has downgraded its rating on Long Term Bank Facilities and Non-Convertible Debentures (NCDs) as on 17 February. Ratings on Long Term Bank Facilities as well as ...

Airtel Pays Rs 10,000 Crore To DoT As Part Payment Towards AGR Dues

Bharti Airtel in a statement on Monday said that it has paid Rs 9,500 crore and Rs 500 crore on behalf of Bharti Hexacom Ltd. to the Department of Telecom. As per the last available estimates, Airtel owed nearly Rs 35,586 ...

Vodafone Idea Surges 23.5% On Likely Payment Of AGR Dues Today

Shares of Vodafone Idea rose as much as 23.5 percent on Monday to an intraday high of Rs 4.20. The telecom operator, along with Bharti Airtel and Tata Teleservices, is likely to make a payment towards their AGR (adjusted gross revenue) ...

Bharti Airtel Gains 4% As Supreme Court Dismisses AGR Verdict Review Petition

Shares of Vodafone Idea and Bharti Airtel moved in opposite directions on Friday after the Supreme Court (SC) dismissed the review petitions filed by the telecom companies seeking more time for payment of AGR dues and began contempt proceedings against the ...

Vodafone Shares Climb 21% Even As It Posts Higher-Than-Expected Q3Loss: Here's Why

Vodafone Idea in Friday's early trade jumped to an intra-day high of Rs. 5.45 per share, climbing a whopping 21% as against previous close of Rs. 4.5 on the NSE. The gains defy the higher than expected loss reported by the ...

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