With significant discrepancies cropping up in the AGR math, the industry may be facing a fresh round of dispute
An implosion of the sector will have economy-wide ramifications. This is the last thing India needs now
The DoT is set to write fresh letters to telecom companies questioning them about the variation in AGR dues assessed by firms themselves and its own calculations
Vodafone Idea said adjustment of GST credit due from the government could help in meeting its AGR payment
Adding to the cautious mood on the Dalal Street will be the expiry of the February series derivative contracts today and the release of the Q3 GDP data tomorrow
The DoT wants to ensure that the court-mandated criteria is being followed by companies in computing their AGR dues, the source added
While investors will continue to monitor developments on the coronavirus front, the release of India's December quarter GDP numbers on Friday will be another top trigger for the markets
Cellular Operators' Association of India (COAI) also cautioned that any decision to encash bank guarantees will be "disastrous" for the telecom industry, which only has three private players
Telecom department officials remained tightlipped after high-level government meeting on Sunday, where officials from NITI Aayog and Finance Ministry are said to have been present
Total prize money of Rs 2.5 crore is spread across three phases
The 'test check' will happen for all telcom firms but will start with those claiming they have already made full and final settlement towards their statutory liabilities
Shares of Vodafone Idea jumped 48 per cent to Rs 4.49 on the BSE on Wednesday on the back of heavy volumes on report that the government is unlikely to invoke bank guarantees for now
Reliance Industries has said it is consolidating its media and distribution business spread including TV18 Broadcast, Hathway Cable & Datacom, DEN Networks into Network18
Telecom operators have to collectively pay Rs 1.47 trillion adjusted gross revenue (AGR) dues
He had issued an order saying no coercive action should be taken to recover Adjusted Gross Revenue (AGR) dues from telecom firms after expiry of the deadline set by the apex court
The DoT, which faced the ire of the Supreme Court for putting on hold recovery of dues from telecom companies, started issuing circle or zone-wise demand notices to firms, an order seen by PTI said
The move suggested by telcos, if executed, will bring in additional revenues of Rs 22,077 crore from Bharti Airtel, Vodafone Idea, and the Tatas in this fiscal year
Says it does not have to pay on all revenues but only for telco services
Firms had to pay AGR dues worth Rs 1.47 trillion by Jan 23
Analysts say that the Nifty's close in the positive territory on Thursday might mean that the first leg of downside is over and a bounce back has resumed