SME Times is powered by   
Search News
Just in:   • Lesser chance of a future rate cut drags market lower  • Nomura raises target price for RIL to Rs 2,020  • Several schemes to push women entrepreneurship: Minister  • Ex-Petroleum Secy Chaturvedi appointed NSE Chairman  • Maruti Suzuki recalls 63,493 units of Ciaz, Ertiga, XL6 
Last updated: 14 Nov, 2019  

Vodafone9.Thmb.jpg Vodafone Idea crashes 20%, Bharti Airtel down 5%

Vodafone9.jpg
   Top Stories
» Several schemes to push women entrepreneurship: Minister
» "Govt's mantra Sabka Saath, Sabka Vikas, Sabka Vishwas"
» Forex reserves rise by $2.48 bn to over $451 bn
» RBI holds key lending rates, remains accommodative
» Goyal for making GeM more MSME-friendly
SME Times News Bureau | 14 Nov, 2019
Vodafone Idea on Thursday lost over 20 per cent during the early trade on Thursday on reports that the Department of Telecommunications asked the telecom firms to pay their revenue share dues within three months.

Bharti Airtel also saw heavy selling pressure, falling over 5 per cent. However, it recovered later to trade at Rs 363.15 apiece, down 1.45 per cent.

IANS earlier reported that the Department of Telecommunications (DoT) on Wednesday sent notices to the telcos, asking them to pay the Adjusted Gross Revenue (AGR) dues on a self-assessment basis within the next three months.

"It's the responsibility of the licensee to pay the licence fees and other dues after carrying out their own assessment as prescribed in the licence agreements. You are therefore directed to make the payment in accordance with the order of the Supreme Court of October 24 and submit the requisite documents to ensure compliance within the stipulated timeframe," said the letter issued to telcos by the DoT.

The DoT further said that the Supreme Court in its final judgement of October 24 had disposed of the AGR matter with the order that the appeals of the licensees were dismissed.
 
Print the Page
Add to Favorite
 
Share this on :
 

Please comment on this story:
 
Subject :
Message:
(Maximum 1500 characters)  Characters left 1500
Your name:
 

 
  Customs Exchange Rates
Currency Import Export
US Dollar
66.20
64.50
UK Pound
87.50
84.65
Euro
78.25
75.65
Japanese Yen 58.85 56.85
As on 07 Dec, 2019
  Daily Poll
Ease of doing business improved in last one year
 Yes
 No
 Can't say
  Commented Stories
» MRF to set up a new plant in Gujarat(2)
» Starting an import export business: Basic guide for beginners(1)
» BSNL starts survey for installation of mobile towers along India-China border(1)
» Sitharaman hints at more interventions amid growth concerns(1)
 
 
About Us  |   Advertise with Us  
  Useful Links  |   Terms and Conditions  |   Disclaimer  |   Contact Us  
Follow Us : Facebook Twitter