While the two stocks have witnessed a relief rally, their fundamentals remain worrisome
Airtel, Vodafone Idea, Tata Tele seek waiver of interest, penalty
The credit rating has been revised to BBB- from A- on long term bank facilities and to BBB- from A- in case of non-convertible debentures
One of the review petitions has sought open court hearing in the matter
The Supreme Court had on October 24 ruled that non-telecom revenues will be included while calculating statutory dues towards the government
Review petitions are to be filed within a month of original decision which came on October 24
Here are top headlines of the day
The net worth of Birla has shrunk to about $6 billion from $9.1 billion two years ago
Incumbent telcos Bharti Airtel and Vodafone Idea have said they would go for a review petition of the SC order, but they have limited time to move court
Telecom players including Airtel and Vodafone Idea had sought some relief from the telecom sector
Vodafone Idea shares advanced 17.44% to close at Rs 7.07 on the BSE
After Jio's tariff hike announcement, RIL is on the verge of hitting the Rs 10 trillion m-cap mark
From auto retail sales to PSB frauds, here are the top 10 business headlines for the day.
In anticipation of the tariff hike, Reliance Industries' market cap crossed the Rs 9.5-trillion mark on Tuesday
Jio reported adding 698,3146 subscribers in Sept , the lowest since it added 6.1 mn in Nov 2017
Bharti Airtel lost 23.8 lakh users in September to take its total user base to 32.55 crore
The company has got favourable rulings from High Courts and appellate tribunals in some and is now pressing the department to quickly refund the dues
Bharti Airtel and Vodafone-Idea have announced plans to increase tariffs for customers from December 1
The price hike by Bharti Airtel and Vodafone Idea, however, is a relief given that they are anchor tenants
Bruised by fierce competition to keep prices low, the tariff hike announced by the two companies is the first in several years and follows record second-quarter losses reported by the two operators