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Business

Essar Steel shareholders offer to pay Rs 54,389 cr to clear all dues...

The CoC is empowered to consider and approve this Settlement Plan with the requisite voting share.

25 Oct 2018 12:13 PM GMT

Board of Idea Cellular approved raising about Rs 3,250 cr from entities under promoter Aditya Birla Group.

Business

Idea suspends interconnect services with Aircel over dues

Idea will restore interconnect services immediately after Aircel makes the payment.

7 Feb 2018 8:10 AM GMT

Reliance Jio has said it will launch Indias cheapest feature phone for an effective price of Rs zero. (Photo: PTI)

Business

Jio says telcos have sufficient capacity to pay dues after SC verdict

Service providers have sufficient financial capacity to pay govt dues by monetising their existing investments and by...

31 Oct 2019 9:25 AM GMT

The SBI has announced the launch of its UK subsidiary, SBI (UK) Limited, with an initial capital commitment of 225 million pounds from its parent entity.

Business

SBI to conduct e-auction of 11 accounts to recover dues of Rs 467...

The bank said the financial assets were showcased on October 12 and the e-auction will take place on November 7.

21 Oct 2019 6:33 AM GMT

On the domestic front, Air India is introducing new flights on BhopalPuneBhopal route and Varanasi-Chennai-Varanasi from June 5, 2019.

Business

Oil companies defer decision to suspend fuel supplies to Air India

IOC, HPCL and BPCL had earlier this month threatened to snap aviation turbine fuel supplies to Air India.

18 Oct 2019 5:14 AM GMT

Shares of DHFL were up 4.5 per cent at 128.80 rupees.

Business

DHFL shares hit lower circuit as Edelweiss moves HC for recovery of...

DHFL, which has been severely impacted by the NBFC crisis which unfolded late last year following the IL&FS bankruptcy

10 Oct 2019 7:31 AM GMT

Vodafone on Friday launched its SuperWeek plan that offers unlimited calling and 500 MB data at about Rs 69 with 7 days of validity. (Photo: PTI)

Business

Bharti, Vodafone Idea approach India's top court on payment of dues:...

Bharti and Vodafone Idea have filed separate review petitions in the Supreme Court.

23 Nov 2019 10:04 AM GMT

The Department of Telecom has issued 13-digit numbers to telecom operators for the trial of machine-to-machine (M2M) communications like smart electric metres and car tracking devices.

Business

Telcos have to pay Rs 1.47 lakh cr dues; no proposal to waive off...

Supreme Court last month held that non-telecom revenues have to be considered for calculating statutory dues.

20 Nov 2019 12:14 PM GMT

Government had failed to receive its share of the Goods and Services Tax (GST) dues of Rs 1600 crore from the Centre. (Photo: DC)

Business

Financial crunch due to Centre's failure to release GST dues

The Centre has also reduced the credit limit of the state by almost Rs 6000 crore.

19 Nov 2019 12:06 PM GMT

Telecom infrastructure firm American Tower Corporation (ATC) today announced that it has completed mobile tower purchase deal worth Rs 3,800 crore with Vodafone India through its Indian arm.

Business

Govt intends to address concerns of telecom sector, says Sitharaman

The SC last month ruled in favour of the govt and directed telecom companies to pay as much as Rs 1.42 lakh crore.

16 Nov 2019 5:18 AM GMT

At the end of the five-day auction, nearly 60 per cent of the spectrum had remained unsold.

Business

COAI seeks waiver of all past statutory dues for Airtel, Voda-Idea

The telcos to pay the principal due together with interest and penalties within three months.

1 Nov 2019 10:40 AM GMT

$BSNL had recently said BSNL-MTNL combination will be \advantageous\ for both firms, given the synergies in areas like enterprise and mobile businesses.$ Business

Govt releases Rs 171 crore pending dues to MTNL to pay salaries

Both companies have failed to pay salaries of their employees for last month, according to employees' representatives.

14 March 2019 3:37 AM GMT