Sunday, November 3, 2019

Telcos bailout will be Supreme Court’s contempt; will set bad precedent: Jio to Ravi Shankar Prasad

Telcos bailout will be Supreme Court’s contempt; will set bad precedent: Jio to Ravi Shankar Prasad SC had earlier upheld DoT#39;s contention that non-telecom revenues should be part of the annual Adjusted Gross Revenue (AGR) -- a percentage of which is paid to the government as statutory dues

from Moneycontrol Business News https://www.moneycontrol.com/news/business/telcos-bailout-will-be-supreme-court’s-contempt-will-set-bad-precedent-jio-to-ravi-shankar-prasad_13138741.html

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US equities end lower as valuation concerns creep in

U.S. stocks closed lower on Wednesday as investors took profits amid concerns about high valuations flagged by Fed Chair Powell. The market ...