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India’s telecom operators together owed more than Rs 1.77 lakh crore in adjusted gross revenue (AGR) dues to the government up to FY25, with Vodafone Idea accounting for the largest share, according to official data shared with Parliament, PTI reported.The data showed that debt-laden Vodafone Idea’s total liability stands at Rs 89,952 crore. Bharti Group’s…
Bollywood actor Rajpal Yadav directed to appear before prison authorities by February 4 in light of his conviction in cheque bounce cases. The Delhi High Court commented that although Rajpal Yadav committed to return the complainant the said amount of money, he did not comply with the tribunal’s direction. Court criticises repeated breaches of undertakings…
Jason Gillespie (ANI Photo) NEW DELHI: Former Australia all-rounder Jason Gillespie has been named head coach of the new Hyderabad franchise in the Pakistan Super League. The 50-year-old will return to Pakistan cricket in a new role after a turbulent exit from the national setup in December 2024.Gillespie will build the Hyderabad squad from scratch…
NEW DELHI: Offering a lifeline to struggling debt-laden Vodafone Idea, govt has capped annual payouts to clear past dues at Rs 124 crore over the next six years, easing near-term cash flows, the company said on Friday.Between March 2032 and March 2035, the yearly outgo will be trimmed to Rs 100 crore, Vodafone Idea said…
The Madras High Court has placed a hold on the release of Karthi’s ‘Vaa Vaathiyaar’, prohibiting its exhibition on any platform until outstanding dues of ₹21.78 crore are cleared. The court denied the producer’s request for a Pongal release, citing insufficient repayment and directing the auction of the film’s rights due to a decade-old investment…
Vodafone Idea (Vi) will pay the government Rs 1,144 crore over the next 10 years, with the remaining adjusted gross revenue (AGR) dues — frozen at Rs 87,695 crore — to be paid in instalments starting March 2036, the company said on Friday, reported PTI.The Union Cabinet has frozen Vi’s AGR dues at Rs 87,695…
NEW DELHI: A US-led takeover or restructuring of Venezuela’s oil sector could deliver a benefit to India, potentially unlocking close to $1 billion in dues while accelerating the revival of crude production from fields it operates in the sanctions-hit Latin American country, analysts and industry sources said.India was once a major processor of Venezuelan heavy…
A US-led takeover or restructuring of Venezuela’s oil sector could bring a major financial and strategic gain for India, potentially helping recover nearly $1 billion in long-pending payments and restarting crude production from oilfields operated by Indian firms, according to analysts and industry sources.India was once among the largest buyers of Venezuelan heavy crude, importing…
In his financial decline, Rajesh Khanna fiercely refused to sell his iconic bungalow, Aashirwad, even as tax debts mounted. Despite ‘Battle of Galwan’ star Salman Khan offering to settle his dues and act for free in a revival project, a proud “Kaka” viewed the proposal as an insult before his death in 2012. Rajesh Khanna…
NEW DELHI: In a major relief for Vodafone Idea, the Union cabinet on Wednesday decided to freeze the telecom company’s adjusted gross revenue (AGR) dues at Dec 31 level of Rs 87,695 crore, with payment rescheduled over 10 years, starting 2031-32. In addition, the dues frozen at the current level will be reassessed by the…
