Top execs urge govt to let Indian JV with Idea defer payments by 2 years, demand sector’s Rs 32k crore of input tax credit refund.
The hiring is planned to start from the January-March quarter.
RP petitioned for an extension as its 180 days period to complete RCom's resolution would get over in Oct.
While the govt has security reasons, manufacturers are said to be happy with the move as it will prevent resale, fraudulent activities
Move will help India achieve $190-billion handsets manufacturing target: ICEA
The National Company Law Tribunal (NCLT) has asked the telecom department to file a reply within next 7 days and asked RP to send a rejoinder within 7 days of receiving the reply.
RCom says Swedish telecom equipment company should not have got its dues when other creditors are still awaiting proceeds
RCom in May this year had mentioned that GCX’s value was eroding.
The issues of poor voice and data likely to be discussed at Digital Communications Commission meeting.
To save themselves from price uncertainties, execs want cash over stock options as long-term incentives.
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