The apex court stated that Vodafone Idea had sought relief on both additional AGR dues and the reassessment of pending dues, adding that the government is free to consider relief on both
The Supreme Court, on Monday, clarified that Vodafone Idea asked for relief on both the additional and reassessment of all pending AGR dues
The telecom department will review the Supreme Court's order permitting reassessment of Vodafone Idea's AGR dues for FY16-17, as the government weighs legal options and next steps
The Supreme Court's order to the government to reconsider the adjusted gross revenue demands is limited only to Vodafone Idea's additional dues
"We will need to study the order to understand its implications and will wait for Vodafone Idea to apply for seeking relief," Scindia said on the sidelines of a briefing on the Department of Posts
Motilal Oswal Financial Services upgraded the stock to a 'Neutral' rating, and upped the target price to ₹10 per share, from ₹6.5 apiece earlier
With the Supreme Court allowing the Centre to reconsider and reconcile Vodafone Idea's Rs 5,606 crore AGR dues for FY17, the telco on Monday said it looks forward to working closely with the telecom department to resolve the matter in the interests of its nearly 200 million subscribers. The Supreme Court on Monday permitted the Centre to reconsider and reconcile Vodafone Idea's pending adjusted gross revenue dues of Rs 5,606 crore for the financial year 201617, observing that the issue falls within the policy domain of the government. In a BSE filing, VIL said: "In a positive development, the Hon'ble Supreme Court has today permitted the Government to consider the grievances of Vodafone Idea Limited on the issues relating to AGR. We look forward to working closely with the Department of Telecommunications to resolve this matter in the interests of our nearly 200 million subscribers". This is an impetus to the Digital India vision and ambition of the Prime Minister, the telco ...
The Supreme Court said the Centre can review Vodafone Idea's AGR dues, calling it a policy decision; the move gives relief to the debt-hit telecom firm and protects 200 million consumers
Vodafone Idea share price has surged 73% in the last three months. The stock can potentially zoom another 53% if it manages to clear the key hurdles at ₹10.77 and ₹11.88 levels, suggests tech charts.
Vodafone Idea shares rose 9 per cent after Supreme Court allowed the government to reconsider the adjusted gross revenue issue
Vodafone Idea stock was trading higher for the fourth straight day, surging 10% to ₹9.62 during the period and quoting close to its 52-week high of ₹10.48 touched on January 20, 2025.
The plea of Vodafone sought directions to quash the additional demand of AGR dues, saying that it belonged to the pre-2016-17 period that had been settled by the Supreme Court's earlier ruling
Vodafone Idea shares fell 3 per cent after the Supreme Court deferred its plea on the additional AGR dues as the Centre sought more time
Ericsson eyes India as a global telecom hub, expanding 5G, AI-driven networks, and local manufacturing with government-backed supply chain support
The telecommunications sector, which currently accounts for 12-14 per cent of the country's gross domestic product (GDP), will grow to about 20 per cent over the next decade, the Union minister said
Vodafone Idea rallied 8 per cent to ₹9.20, its highest level since February 10, 2025, on the BSE in Tuesday's intra-day trade amid heavy volumes
BSNL added 13.85 lakh mobile users in August, posting the highest monthly growth rate among telecom operators, while Vi continued to lose subscribers
The Supreme Court on Monday deferred to October 13 the hearing on a plea of telecom major Vodafone Idea Ltd seeking quashing of the additional adjusted gross revenue (AGR) demands for the period until 2016-17. A bench comprising Chief Justice B R Gavai and Justice K Vinod Chandran, which was scheduled to hear the plea, was urged by Solicitor General Tushar Mehta, appearing for the Centre, that the hearing be deferred to next Monday. The submission was supported by senior advocate Mukul Rohatgi, representing Vodafone Idea Ltd (VIL). They urged the bench that the plea be heard before Diwali vacation. The CJI allowed the submissions. Earlier, the top court, on September 26, had deferred the hearing to October 6. The VIL has filed a fresh plea against the Department of Telecommunication's (DoT) fresh demand of Rs 5,606 crore relating to the financial year 201617. Earlier, the Centre had said that efforts were underway to arrive at a resolution with the company. The law officer said
Resolution in the nearly ₹2 trillion ($22.5 billion) financial dispute may come through a waiver of interest and penalties, followed by a concession on the principal
VIL sought additional relief, requesting the top court to direct that interest and penalties on the principal AGR dues should not be payable, citing another case as precedent