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Top headlines: Setback for Airtel & Vodafone; Haryana heads for hung House

India has risen 14 places to the 63rd spot in the World Bank's latest Ease of Doing Business global rankings

Telecom sector
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Telecom sector

BS Web Team New Delhi
Blow to Airtel, Voda Idea: SC rejects appeal against AGR definition

Supreme Court on Thursday rejected telecom companies’ appeal against the Union government’s definition of Adjusted Gross Revenue. The apex court will later decide on the timeframe for the operators to pay AGR. The definition of AGR has been a long standing issue between the Department of Telecommunications and the Telecom Service Providers (TSPs), in particular, on some items that the TSPs strongly believed should not be included while calculating AGR since these are not part of the core telecommunications services.

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Haryana