Page 24 - Adjusted Gross Revenue

AGR dues: DoT's total demand from non-telcos twice that from telcos

The Department of Telecommunications (DoT) has slapped a Rs 15,019-crore demand notice on Gujarat Narmada Valley Fertilizers & Chemicals Ltd, taking the total amount it has sought from non-telecom companies to Rs 3.13 lakh crore following a Supreme Court ruling. While the DoT has sought Rs 1.47 lakh crore from Bharti Airtel, Vodafone Idea Ltd and other telecom companies after the Supreme Court's ruling on revenues that need to be taken into consideration for payment of government dues, its demand notices on non-telecom companies now total at more than double of the telecom firms. In a regulatory filing, Gujarat Narmada Valley Fertilizers & Chemicals Ltd said it has received a December 23, 2019, demand notice from the Office of Controller of Communication Accounts in DoT, Ministry of Communications, seeking payment of over Rs 15,019 crore before January 23, 2020, "in respect of financial years from 2005-06 to 2018-19 in connection with V-SAT and ISP licences held by the ...

Year in Review: 12 policy decisions that affected Indian economy in 2019

In a challenging year, the central government announced a slew of measures to help revive a sagging economy - from corporation tax cut to bank recapitalisation. Here are the most important ones

Supreme Court verdicts that shook industries like telecom, coal, and mining

This year's record itself is formidable. The telecom sector is still smarting from the impact of the court order to pay Rs 92,000 crore as adjusted gross revenue (AGR) to the government

High consumption at rock-bottom tariffs killing telcos: Sunil Mittal

'We are unnecessarily killing this industry in a manner and way that is not conducive for our industry, and that's why we need Trai intervention,' Mittal added

Prasad hits out at Vodafone for 'dictating' terms to India on AGR ruling

He also said Mahanagar Telecom Nagar Ltd and Bharat Sanchar Nigam Ltd are strategic assets that should remain in the fray and ensure better competition

For whom the bell tolls

No new policy but major policy decisions at the highest level are necessary to save the telecom sector

Bharti Airtel to gain at the expense of Vodafone Idea, say Brokerages

Bharti Airtel's board has already approved raising $3 billion through a combination of equity $2 billion and debt $1 billion

Vodafone Idea will have to shut shop if no govt relief comes: K M Birla

The comment comes within weeks of Vodafone Global CEO Nick Read making a similar point

Vodafone Idea will shut shop if govt doesn't provide relief: KM Birla

Birla indicated that his group will not invest any money in the company in the absence of relief from the government

Payment of AGR dues will weigh on Bharti Airtel's credit profile: Moody's

Bharti Airtel on November 26 filed a petition with the Supreme Court seeking a modification of the 90-day deadline set by the apex court to pay past statutory dues arising from AGR ruling

Telcos garner Rs 54,218 cr gross revenue in July-Sept, Airtel earns most

Reliance Jio with lowest gross revenue of Rs 15,945.62 crore among private operators paid highest revenue to the government, the data showed

As Telcos prepare to hike tariffs, is the era of cheap data & calling over?

After reporting massive losses in the second quarter after an adverse Supreme Court ruling on adjusted gross revenue issue, the companies decided to increase data charges

Bharti Airtel to raise mobile call, data charges by up to 42% from Dec 3

The company too announced new plans which will cost up to 42 per cent more compared to the price that Airtel pre-paid customers pay at present for plans in the "unlimited" category

Bharti Airtel planning to raise Rs 21,500 crore to pay AGR dues: Report

The company has informed the bourses that its board meeting on December 4 would consider a proposal to raise funds through issues of equity or bonds

Bharti Airtel board to meet on December 4 to consider fundraising plan

The proposal follows the Supreme Court judgment on adjusted gross revenue

AGR dues: Bharti Airtel to seek board nod for raising funds on December 4

The fund raising proposal follows the Supreme Court judgement on adjusted gross revenue

Non-telecom PSUs facing AGR crisis plan to oppose DoT's higher licence fee

On October 24, the Supreme Court ruled that AGR for telcos should include all revenue accrued to carriers, including that from non-core activities, backing the DoT's stance in a 16-year-old case

Telecom sector's gross revenue declined by Rs 41,000 cr in 3 years: Prasad

Gross revenue of the telecom sector in 2016-17 was Rs 2.65 lakh crore, which had reduced to Rs 2.46 lakh crore a year later and then to Rs 2.24 lakh crore in 2018-19, the ministers said

Bharti Airtel stock falls over 4%; loses over Rs 10,000 crore in m-cap

In the morning session, shares of the company opened at Rs 444.35 and fell 4.71 per cent to intra-day low of Rs 430. The stock settled 4.34 per cent down at Rs 431.70 on the BSE

MTNL does not have any liability pending on account of AGR revenues: CMD

MTNL does not have any liability pending on account of AGR revenues unpaid to DoT: CMD