24.2 C
State of Tripura
Friday, May 9, 2025

India slams Pakistan for not closing airspace during missile strike

India has accused Pakistan of using civilian...

Indian Air Defence destroys 8 Missiles, Downed F-16 Jet from Pakistan

India's air defence foiled a major aerial...

India Issues Strong Warning to Pakistan Amid Escalating Tensions

India Issues Strong Warning to Pakistan on...

Vodafone Idea calls investor meet on Monday after AGR ruling by Supreme Court

Tripura Net
Tripura Net
www.tripuranet.com is a daily news, news article, feature, public opinion, articles, photographs, videos etc –all in digital format- based website meant to disseminate unbiased information as far possible as accurate.

Must Read

Mumbai: Financially troubled telecom operator Vodafone Idea (Vi) has scheduled an unexpected meeting with investors and analysts on September 23. In a stock exchange filing, Vi stated that the 30-minute call will focus on recent events.

The discussion will have CEO Akshaya Moondra and CFO Murthy GVAS, along with other senior executives.

This announcement follows the Supreme Courts dismissal of petitions from several telecom companies, including Vodafone Idea and Bharti Airtel, regarding the recalculation of Adjusted Gross Revenue (AGR) dues.

The court allowed the Department of Telecommunications (DoT) to include non-telecom revenue in the AGR calculations, a decision that has dealt a significant blow to Vi, which had hoped for relief in these payments.

Vi is currently in the midst of a debt funding process, seeking up to Rs 35,000 crore in loans from various banks.

The company reported a total debt of Rs 2.09 trillion at the end of Q1 FY25 (AprilJune), including deferred spectrum payment obligations of Rs 1.39 trillion and an AGR liability of Rs 70,320 crore owed to the government.

Despite these challenges, Vis stock rose by 1.35 percent on Friday, closing at Rs 10.52 per share, following a sharp 19.7 percent drop the previous day.

- Advertisement -
spot_img
spot_img
spot_img
spot_img
spot_img

Latest News

Tripura’s rich tribute to Tagore on his 164th birth anniversary

Tripura celebrated the 164th birth anniversary of Rabindranath Tagore with vibrant events in Agartala, Kalyanpur, and Lembucherra. Cultural programs,...