The future of Sunil Bharti Mittal’s and Kumar Mangalam Birla’s telecom empire is looking bleak with Bharti Airtel and Vodafone Idea reporting second-quarter losses that together amount to over ₹73,000 crore.
While Airtel reported its highest-ever loss of ₹23,045 crore compared to a net profit of ₹119 crore in the corresponding period last year, Vodafone Idea recorded a loss of ₹50,921 crore, the highest-ever loss for a corporate in India.
Tata Motors held that record after posting a loss of ₹26,961 crore for the third quarter of 2018.
Both operators have made provisions to pay Adjusted Gross Revenue dues to the Centre following an adverse ruling by the Supreme Court.
Provisions for AGR
Airtel has provided for an additional charge aggregating to ₹28,450 crore. Vodafone Idea has provisioned ₹25,677.9 crore for AGR payments.
ãã®èšäºã¯ The Hindu Business Line ã® November 15, 2019 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã ?  ãµã€ã³ã€ã³
ãã®èšäºã¯ The Hindu Business Line ã® November 15, 2019 çã«æ²èŒãããŠããŸãã
7 æ¥éã® Magzter GOLD ç¡æãã©ã€ã¢ã«ãéå§ããŠãäœåãã®å³éžããããã¬ãã¢ã ã¹ããŒãªãŒã9,000 以äžã®éèªãæ°èã«ã¢ã¯ã»ã¹ããŠãã ããã
ãã§ã«è³Œèªè ã§ã? ãµã€ã³ã€ã³
Covid Presents An Opportunity For India
India must attract investors exiting China post-Covid. Streamlining of project clearances and relaxation in FRBM norms will help
Did Alternative Assets Shield You From Covid-19 Volatility?
The assets closely linked to stock and debt markets could not stave off the losses
How To Put Aircraft To Bed
Preserving grounded planes, to get them up and flying at short notice, is a challenging task. Ashwini Phadnis captures the process
There Can Be No Going Back On WFH
Covid-19 has fast-forwarded the shift to âwork from homeâ. However, some face-to-face connect will always be needed
UN, WHO Urged To Ensure âBenefit Sharing' Of Covid-Related Data
Biopharma firms should reach vaccines, medicines to poor nations at an affordable price, say civil society bodies
With No Clear Signal From Rlys, States Explore Ways To Bring Back Migrants
Quarantine centres, cross-country buses being arranged even as migrants hop on to boats, trucks and ambulances
Centre Allows All Neighbourhood Shops To Open But With Riders
Final call will be taken by local authorities; shopping complexes that draw fewer âoutsidersâ are permitted to operate
Covid Impact Relatively Muted In India
Compared to Italy and the US, Indiaâs rate of infection spread has been slow. This can be attributed to the strict measures in place
How Global Trade Will Fare Post-Covid
China isnât likely to lose its pre-eminent position soon. India, for one, will need to make manufacturing globally competitive
How To Curb Harassment In The Virtual Office
Training and sensitisation are essential. Institute a strict dress code and chat etiquette to ensure professionalism during video calls
