Page 77 - Reliance Jio
AGR case: DoT officer who faced SC's wrath issued order after senior's nod
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
 "AGR case: DoT officer who faced SC's wrath issued order after senior's nod")
AGR order: After SC rap, DoT asks telcos to clear dues by midnight
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
 "AGR order: After SC rap, DoT asks telcos to clear dues by midnight")
Not approached by any telco to finance AGR dues, says SBI chairman
The payments to be made by the companies include Rs 53,000 crore by Vodafone Idea, Rs 35,500 crore by Bharti Airtel and Rs 14,000 crore by the now defunct Tata Teleservices
 "Not approached by any telco to finance AGR dues, says SBI chairman")
AGR-hit Vodafone Idea postpones Q3 conference call with analysts
The Supreme Court on Friday directed the top echelons of telecom firms to explain why contempt action should not be taken against them for non-compliance of its AGR order
 "AGR-hit Vodafone Idea postpones Q3 conference call with analysts")
CCI rejects complaint of unfair biz practices against Jio, other telcos
The order came on a complaint filed by Canada-based Teleclub (Alberta Ltd), which is an international telecom carrier
 "CCI rejects complaint of unfair biz practices against Jio, other telcos")
I-T dept reverses stance on NCLAT's proposed demerger order of Reliance Jio
Seeks law min opinion on course of action
 "I-T dept reverses stance on NCLAT's proposed demerger order of Reliance Jio")
Budget 2020 has not accounted for telcos' AGR dues: DEA secretary
But receipts from firms stand at a whopping Rs 1.33 trillion for FY21
 "Budget 2020 has not accounted for telcos' AGR dues: DEA secretary")
Burdened with AGR dues, telcos rue absence of relief measures in Budget
The telecom industry had been pinning its hopes on the Union Budget to offer some breather on licence fee and spectrum usage levies
 "Burdened with AGR dues, telcos rue absence of relief measures in Budget")
Macquarie downgrades RIL to 'underperform', says will buy around Rs 1,200
It cautioned that its fundamental bear case is nearly 35 per cent below current price and it would assign at least a 30 per cent weight to each of the risk factors.
 "Macquarie downgrades RIL to 'underperform', says will buy around Rs 1,200")
Are Airtel's 'prepaid' insurance plans as good as standalone policies?
Earlier this month, the telecom company introduced a Rs 279 prepaid plan, with Rs 4 lakh insurance cover from HDFC Life
 "Are Airtel's 'prepaid' insurance plans as good as standalone policies?")
Reliance Jio pays Rs 195 cr to DoT to clear all AGR dues in advance
The company has made provision of Rs 177 crore to pay for the government revenue share based on the Supreme Court judgement dated October 24, 2019.
 "Reliance Jio pays Rs 195 cr to DoT to clear all AGR dues in advance")
A $21-billion telco war comes down to $2; consumers jump into the fray
The country's broken financial system would take a fresh hit; new 5G networks could be delayed; and the government's annual revenue from the sector might get squeezed
 "A $21-billion telco war comes down to $2; consumers jump into the fray")
AGR dues: Telcos dial SC again, seek change in 90-day payment deadline
The court, on October 24 last year, had ordered telecom companies to pay their licence fees and spectrum user charges within 90 days. Failure to do so could lead to contempt of court
 "AGR dues: Telcos dial SC again, seek change in 90-day payment deadline")
CCI clears Reliance's divestment of Jio telecom tower assets to Brookfield
In a tweet on Monday, the regulator said it "approves subscription of the units of Tower Infrastructure Trust by BIF IV Jarvis India Pte., British Columbia Investment Management and GIC Investors.
Reliance Jio EBIT jumps 60% in Q3, operating revenue rises 28.3%
Jio's subscriber base as on December 31 was 370 million, which shows a 32.1 per cent YoY growth
 "Reliance Jio EBIT jumps 60% in Q3, operating revenue rises 28.3%")
RIL revenues decline 2.5% in Q3; Reliance Retail, Jio boost profit
RIL's net profit for October-December 2019 increased by 13.5 per cent to Rs 11,640 crore, beating street estimates
 "RIL revenues decline 2.5% in Q3; Reliance Retail, Jio boost profit")
Street's contrasting reaction to AGR verdict hints at telecom duopoly
While Bharti Airtel stock price scaled a new high due to fresh buying by investors, Vodafone Idea stock was down 25 per cent as hordes of investors exited the counter
 "Street's contrasting reaction to AGR verdict hints at telecom duopoly")
As e-grocers perfect the art of online sale, Jio effect lurks in background
Mukesh Ambani-led Reliance Industries' upcoming 'new commerce' platform is working hard to get its grocery game right
 "As e-grocers perfect the art of online sale, Jio effect lurks in background")
Mukesh Ambani set to build Alibaba-like $24-bn e-commerce giant for India
The move is the latest sign of the Reliance group's pivot towards data and digital services for future growth, as it builds an online platform to take on the likes of Amazon and Flipkart in India
 "Mukesh Ambani set to build Alibaba-like $24-bn e-commerce giant for India")
AGR dues: Multiple provident funds had loaned money to crisis-hit Voda Idea
Vodafone Idea is required to pay Rs 53,038 crore to the government as per the Supreme Court order which came in October
 "AGR dues: Multiple provident funds had loaned money to crisis-hit Voda Idea")