Sibal says the government should feel aggrieved that its decision - to grant 20 years to telecom companies to make the payment - has been turned down
Business Standard brings to you a snapshot of the stories which made it to the headlines today
The company plans to raise capital in one or more tranches by way of a public issue, preferential allotment, private placement, including a qualified institutions placement, it said in a statement
The Board of Directors will meet to discuss and evaluate proposals for raising funds in one or more tranches through public issue, issue of equity shares or securities among other options
From SC verdict on payment of AGR dues to open-air cinemas aiming for revival in post Covid era, here are top headlines this morning
Here's a selection of Business Standard opinion pieces for the day
Singhvi, third-term sitting member of Parliament and eminent jurist who represented Airtel, explains why the issue is yet to reach legal closure
Increase in APRU can help Vodafone but rival Reliance Jio is in no mood for tariff hike yet
The Bench led by Justice Arun Misra observed that should telcos fail to pay up, it would lead to penalty, interest, and contempt of court
Apex court asks firms for undertaking on AGR dues. Payment timeline begins April 1 next year, but first installment to be paid before March 31; defaults to attract penalty, contempt proceedings
Telecom firms should charge more, improve service
Analysts say restructuring of bank loans under June 7, 2019 norms possible if only promoters agree to bring cash to the table or a new investor
Experts see the telecom sector heading towards duopoly
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CEO asked to furnish personal guarantee within four weeks; order alarms professional managers
Business Standard brings to you a snapshot of stories which made it to the headlines today:
All that happened in the markets today
The company will have to fork out Rs 30,000 crore annually to government as dues for using spectrum
Since the Supreme Court has now decided on a 10-year repayment tenure, it would clearly be a big challenge for Vodafone Idea, which is already steeped in debt
The initial impression is that Vodafone Idea will struggle to manage this level of staggered payments, given that it owes over Rs 58,000 crore