Top headlines: Telcos for waving off AGR service tax; Hotels see recovery

From Adani Group eyeing 74% stake in Mumbai International Airport to decline in tax mop up in metros, here are top headlines this morning

'It's a double whammy': Telcos want govt to waive service tax on AGR

With notices being sent to telecom companies (telcos) on the service tax they have to pay on their adjusted gross revenues (AGR), the Cellular Operators Association of India (COAI) has written to the government, asking for a law doing away with the tax on the dues the firms have to stump up in compliance with a Supreme Court (SC) order. Or else, the COAI said, the telecom industry will suffer incalculable losses. Read More

Adani Group to acquire 74% stake in Mumbai International Airport

Gautam