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The Union Cabinet on Wednesday approved a relief package for debt-laden Vodafone Idea, freezing adjusted gross revenue (AGR) dues of Rs 87,695 crore and rescheduling their repayment over a 10-year period from FY32 to FY41, sources told PTI.As part of the decision, the Department of Telecommunications will reassess the frozen AGR dues based on Deduction…
NEW DELHI: Comptroller and Auditor General (CAG), in recent reports, flagged how railways failed to boost its non-fare revenue despite holding vast stretches of vacant land and how dues amounting to Rs 4,087 crore from 269 private siding owners remained unrecovered by different zones till March 2023, pointing to weak monitoring and enforcement mechanisms.CAG audit…
JAMMU: Jammu & Kashmir and Ladakh high court (HC) Tuesday took suo motu cognisance of a shocking lapse at Government Super Speciality Hospital (GSSH), Jammu, wherein cardiac care services reportedly remained paralysed for two days after registered vendors allegedly stopped supplying emergency cardiac devices over unpaid dues, amounting to nearly Rs 30 crore, under Ayushman…
B9 Beverages, the debt ridden bear maker, may soon clear pending salaries and provident fund dues as the company moves to sell one of its assets. Bira 91 founder Ankur Jain has informed employees that the planned sale is aimed at raising “immediate cash” to address these obligations, according to ET.The proposed move, however, has…
Vodafone Idea shares surged nearly 10% on Monday to hit the upper circuit at Rs 9.60 on the BSE, after the Supreme Court provided crucial clarity on the long-pending issue of Adjusted Gross Revenue (AGR) dues. The development eased investor concerns over the telecom firm’s massive liabilities and lifted sentiment around the stock.The apex court…
Rohit Arya, dead body arrival at JJ Hospital in Mumbai. Photo by Imtiyaz Shaikh MUMBAI: For three tense hours on Thursday afternoon, Rohit Aarrya held 17 children, a 75-year-old grandmother, and a studio staffer hostage inside a Powai recording studio. By evening, the standoff ended in gunfire — the children were rescued, and Aarrya lay…
NEW DELHI: The Union govt on Monday convinced the Supreme Court to permit the department of telecom to review its demand of Rs 6,000 crore additional adjusted gross revenue demand for the FY 2016-17 on Vodafone-Idea. Chief Justice B R Gavai and Justice K Vinod Chandran was informed by solicitor general Tushar Mehta that since…
Supreme Court permits Centre to reassess Vodafone’s AGR dues The Supreme Court on Monday allowed the Centre to reconsider the assessment of telecom operator Vodafone’s adjusted gross revenue (AGR) dues, citing the interest of the company’s 20 crore consumers. The SC also noted that the matter falls within the Union government’s policy domain.A bench headed…
NEW DELHI: A member of the government’s Central Advisory Council (CAC) has told the housing ministry that mandatory registration of real estate projects under RERA has become meaningless as it doesn’t ensure compliance or protect homebuyers. He has urged the ministry to make mandatory the submission of a “declaration” by builders and their group entities…
The Delhi High Court has summoned SpiceJet to respond to a recovery petition filed by Tata Consultancy Services (TCS), which is seeking the attachment of the airline’s property at Terminal 1D of Indira Gandhi International Airport.TCS is claiming Rs 2.34 crore, along with interest, for services provided to the airline between July 2019 and September…
