NCLAT gives 30 days more to Sterling Biotech promoters to settle dues
A three-member bench headed by Chairperson Justice S J Mukhopadhaya also said the Enforcement Directorate will probe and ascertain whether the money paid by the promoters is not from proceeds of crime. The promoters of the company include absconding Nitin Jayantilal Sandesara and Chetankumar Jayantilal Sandesara.
Govt within its rights to waive interest on dues of telcos: Harish Salve
Referring to the inclusion of components such as trade discounts, di...
Mobile call, data to cost more as Vodafone-Idea, Airtel to hike rates from December
Airtel & Voda Idea decided to hike tariffs from Dec 1 aft...
Voda Idea AGR dues could rise further
Voda Idea has pegged its additional AGR liability at Rs 44,200 cr; dues that need to be paid in under 3 months.
Nusrat Jahan in ICU due to respiratory problem, misses Winter Session of Parliament
The actor-turned-MP has a history of asthma.
Airtel’s global bond yields spike on concerns over telecom stress
The perpetual bonds are a quasiequity obligation without a fixed maturity and had a five and a half year non-call period, which means the debt cannot be repaid before this period.
Which stocks fell the most due to corporate scandals in past one year?
Shares of many companies took a beating in the past year due to numerous scandals that rocked corporate India. We take a look at the bad news and how it impacted share prices of these companies. We also tell you how to protect yourself from such risks.
Grant 3-year moratorium, extended timelines for payment of all dues: COAI to govt
COAI DG Rajan Mathews told that operators need "oxygen" and urged the govt to take a call on debt restructuring of all the dues that telecom operators owe to the govt. He said most 4G licences have 11-year validity left, and that the govt could pack in another 10 years, thus allowing operators to pay back all the outstanding dues spread over the entire licence period.
Vodafone Idea believes govt won't be in conflict with SC on telco relief: Brokerages
Vodafone Idea faces a liability of Rs 44,150 crore after the Supreme Court order.
Don't want any company to shut operations: Nirmala Sitharaman says will address concerns of Telecom Sector
NEW DELHI: The government doesn’t want any phone companies shutting down and is looking at support that can be given to the debt-laden telec...
Diesel demand falls 7.4% in October partly due to economic slowdown
Accounting for a share of 40% of the country's total oil requirement, demand for diesel has reported to plunge 7.4% in October from a year ago which is the biggest monthly fall in three years. Economic slump, extended monsoon, auto sector slowdown, preference for petrol vehicles are some factors behind the downfall in demand for diesel.
Coffee Day jumps 5% as PE firms look to pick stake in firm
The PE firms are expected to begin due diligence shortly.
Mahatma Gandhi died due to accidental reasons, claims Odisha govt school booklet, kicks up row
A government booklet describing Mahatma Gandhi's death as an "accident" has triggered a row in Odisha, with political leaders and activists ...
ET View: Promptly review levies, charges and the high extent of revenue share in Indian telecom
The levies, charges and mounting dues would essentially financially cripple and may even bankrupt the leading service providers, and have wholly-avoidable negative effects and signals much beyond the telecom sector itself. The Cabinet needs to purposefully rationalise central levies and charges on telecom operators for the greater national good.
Many lose jobs, migrate due to internet shutdown in Kashmir
The Internet shutdown since August 5--when special status of the J&K was revoked and the state was downgraded into two Union Territories--put these youngsters in extreme financial and psychological distress as they would otherwise earn good money working remotely from home for different companies across the globe.
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