Friday, November 22, 2019

Govt relief for telcos, tariff hikes may not offset impact of SC ruling: Fitch

Govt relief for telcos, tariff hikes may not offset impact of SC ruling: Fitch The Supreme Court on October 24 ruled against the telcos in a 14-year-old dispute on the definition of adjusted gross revenue (AGR) which forms the basis for payment of statutory dues. The court ruled that non-telecom revenues should be included in AGR for payment of licence fee and spectrum usage charge.

from Moneycontrol Business News https://ift.tt/37tkc5n

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FII exodus deepens in 2026 at Rs 1.75 lakh crore as April outflows swell to Rs 43,967 crore; FOMC next trigger

Foreign institutional investors offloaded Indian equities worth Rs 17,140 crore last week, extending April's outflows to Rs 43,967 crore...