Vodafone Idea and Tata Group on Monday made part payment of about Rs 2,500 crore and over Rs 2,190 crore, respectively, to the telecom department towards statutory dues.
Shares of Reliance Infrastructure on Monday zoomed 10 % after the firm reported 18 per cent rise in consolidated net profit to Rs 345.51 crore for the third quarter ended December.
ICICI Bank on Monday said it has raised Rs 945 crore by issuing Basel III compliant bonds on private placement basis.
Gold prices on Monday fell by Rs 233 to Rs 41,565 per 10 grams in the national capital on weakness in the global market, according to HDFC Securities.
Civil Aviation Minister Hardeep Singh Puri on Monday exhumed confidence that this time around there will be no problem in Air India's divestment.
The Supreme Court Monday rejected telecom firm Vodafone's proposal to pay Rs 2,500 crore by the end of the day and Rs 1,000 crore by Friday against Adjusted Gross Revenue (AGR) dues, while also refusing its plea that no coercive action be taken against it.
Airtel on Monday paid Rs 9,500 crore and Rs 500 crore on behalf of Bharti Hexacom Ltd. to the Department of Telecom towards adjusted gross revenue (AGR), the company has said in a statement. Telecom operators Bharti Airtel, Vodafone Idea and Tata Tele are jointly liable to pay dues of over Rs 1 lakh crore.
The Delhi Fire Department has suspended the fire NOC of a 5-star hotel, The Park, after finding out that it had allegedly violated safety norms following a fire incident that took place on Saturday.
The three companies are jointly liable to pay dues of over Rs 1 lakh crore, but they have informed the Department of Telecom (DoT) of making only partial payment, as per their representatives.
Vodafone Idea could be the largest bankruptcy ever in India as the inability to pay dues under the adjusted gross revenue (AGR) may push the Vodafone Plc and Aditya Birla joint venture in that direction.
Markets regulator Sebi is looking to prepare and implement a governance structure, which is custom-made to suit to the needs of business, and advising its "staff of their obligations to ensure ongoing compliance".
The GST Network on Sunday said around 92 per cent of large taxpayers with turnover of over Rs 2 crore have filed annual returns for 2017-18 fiscal.
Budget carrier SpiceJet expects to finalize a compensation deal with Boeing for grounding of its 737 Max aircraft by the end of the current quarter.
Over 80 years after its inception, the Reserve Bank of India (RBI) on Saturday decided to switch to April-March fiscal year from the current July-June format as its accounting year to align with the Central government.
Debt-ridden telecom operator Vodafone Idea on Saturday said it is assessing the amount that can be paid towards AGR dues, even as it flagged concerns over the continuation of its business.
RBI Governor Shaktikanta Das on Saturday said that the transmission of rate cuts is slowly and steadily improving and it is expected to improve further.
More than 17 crore PAN cards will become inoperative if not linked with the Aadhar by end of March. In a move with large scale disruption potential, the Income Tax Department has said that Permanent Account Number (PAN) will become inoperative if not linked with Aadhaar by March 31, 2020.
Finance Minister Nirmala Sitharaman will on Tuesday assess the impact of Coronavirus, presently endemic in China, on Indian trade and industry, the Finance Ministry said on Friday.
As the sword of Damocles hangs over Vodafone Idea, uncertainty continues to mire the Indian telecom sector which has seen fall of several telcos such as Etisalat DB, Reliance Communications, Sistema Shyam and Aircel. As the sword of Damocles hangs over Vodafone Idea, uncertainty continues to mire the Indian telecom sector which has seen fall of several telcos such as Etisalat DB, Reliance Communications, Sistema Shyam and Aircel.
Reliance Power (RPower) on Friday said its consolidated net profit has dipped over 57 per cent to Rs 49.39 crore in the December 2019 quarter, mainly due to lower income.
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