While the apex court's move is sentimentally negative, analysts believe a clear verdict removes a major overhang from the stock and provides visibility for the road ahead for the cash-strained telco.
“Despite its large debt burden (but manageable with government support), Vodafone Idea will be able to steadily repair and rebuild its business and partake in the robust outlook for the Indian telecom industry in the coming years,” said Hemang Khanna, vice president - research analyst, Nomura.
On Thursday, the Supreme Court rejected curative petitions filed by telcos, seeking a review of its 2019 judgment on AGR, which allowed the Department of Telecommunications (DoT) to seek all non-telecom revenue dues as part of the overall AGR payment.
Diese Geschichte stammt aus der September 21, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent ? Anmelden
Diese Geschichte stammt aus der September 21, 2024-Ausgabe von Business Standard.
Starten Sie Ihre 7-tägige kostenlose Testversion von Magzter GOLD, um auf Tausende kuratierte Premium-Storys sowie über 8.000 Zeitschriften und Zeitungen zuzugreifen.
Bereits Abonnent? Anmelden
Apple harvest: iPhone 16 sales up 15-20% over iPhone 15 on Day 1
The highly anticipated launch of Apple iPhone 16 series has generated significant buzz in India on Friday, with serpentine queues at flagship stores and quick-service platforms offering deliveries for the first time.
iPhone 16 hits stores sans highly awaited AI features
Users will have to download the Apple Intelligence software features over time
Andhra changes ghee supplier amid Tirupati laddu row
With Tirupati laddu row snowballing into a major controversy, Karnataka government on Friday issued a circular instructing all temples coming under the Hindu Religious Institutions and Charitable Endowments Department, to maintain quality in 'prasada' prepared there.
Reading between the lines of an epic
There are many ways to read the Mahabharata. Like an onion, it opens up in layered, concentric circles of stories, all nested within an invisible labyrinthine web.
Crypto ads flood SC's hacked YouTube channel
Court disables channel after videos promoting XRP were displayed
THALAPATHY AMONG EQUALS
Mass following led to Vijay's rise as India's highest paid actor, so why is he not seen much in ads?
Vi needs govt support, tariff hikes: Analysts
AGR order provides visibility for road ahead of debt-ridden telco
Sebi allows MFs to buy, sell credit default swaps
The Securities and Exchange Board of India (Sebi) on Friday allowed mutual funds (MFs) to participate as buyers and sellers in the credit default swap (CDS) segment and allowed greater flexibility to boost liquidity in the corporate bond market.
Sebi refuses to disclose instances of Buch's recusal on conflict of interest
The cases where Sebi chairperson Madhabi Puri Buch recused herself due to potential conflict of interest is not \"readily\" available and collating them would \"disproportionately divert\" its resources, the securities market regulator said in an RTI response on Friday.
LIC MF may launch ₹100 SIPs in October
LIC Mutual Fund plans to launch smaller ticket-size systematic investment plans (SIPs) of ₹100 by the first week of October, said RK Jha, managing director (MD) and chief executive officer (CEO).
