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Govt open to talks on AGR relief for Vi

Financial Express Mumbai

|

September 20, 2025

SC agrees to hear telco's fresh plea

- URVI MALVANIA

SOME RELIEF ON the adjusted gross revenue (AGR) front looked possible for Vodafone Idea on Friday, with the Supreme Court agreeing to hear its plea against a fresh demand of ₹9,450 crore from the department of telecommunications (DoT) on September 26 and the government not opposing the company's petition.

This marks a departure from earlier proceedings, when in May the apex court had dismissed pleas by Vodafone Idea and its peers seeking waiver of interest and penalties on AGR dues.

Solicitor General Tushar Mehta, appearing for the Centre before a bench led by Chief Justice B R Gavai, along with Justices K Vinod Chandran and N V Anjaria, requested adjournment, stressing that discussions were underway to find a way forward given that the government now holds a near-50% stake in Vodafone Idea.

MEER VERHALEN VAN Financial Express Mumbai

Financial Express Mumbai

'Happily dissatisfied' is the mantra

SHYAM SRINIVASAN'S OBSESSION with cricket is part of banking folklore. Put him before an audience and the game invariably takes over - with anecdotes of sixes and fours doubling as metaphors for strategy, leadership, and risk-taking.

time to read

3 mins

September 23, 2025

Financial Express Mumbai

Last-mile confusion on Day 1

Retail chains ready with updated billing, PoS machines

time to read

3 mins

September 23, 2025

Financial Express Mumbai

Mid-tier IT firms may take a bigger H-1B hit

INDIAN FIRMS ARE bracing for a shakeup after the US administration's announcement of a onetime fee of $100,000 on new H-1B visa applications.

time to read

2 mins

September 23, 2025

Financial Express Mumbai

UK weighs fee waiver

THE UK GOVERNMENT is looking at bolstering a drive to attract global talent with a possible visa fee waiver to support the world's top science and tech talent relocation to the country, a media report said.

time to read

1 min

September 23, 2025

Financial Express Mumbai

Govt considers stake dilution in six firms

THECENTREIS planning to sell minority stakes in about half a dozen state-run companies, divestment secretary Arunish Chawla told CNBC-TV18 on Monday.

time to read

1 min

September 23, 2025

Financial Express Mumbai

Early online shoppers face snags

SEVERAL SHOPPERS REPORTED glitches and discount inconsistencies on social media platforms on Monday, hours after e-commerce giants Flipkart and Amazon opened their festive sales for premium members, reports Ayanti Bera.

time to read

1 min

September 23, 2025

Financial Express Mumbai

Coal India arm BCCL, Aequs get nod to float IPOs

COAL INDIA ARM Bharat Coking Coal (BCCL) and Aequs, a contract manufacturing firm for consumer durable goods and aerospace parts, have secured Sebi’s approval to launch their IPO, an update with the markets regulator showed on Monday.

time to read

1 min

September 23, 2025

Financial Express Mumbai

Telecom PLI gets DoT's backing even as half firms miss incentives

Cabinet secretary likely to convene review meeting

time to read

2 mins

September 23, 2025

Financial Express Mumbai

ZappFresh eyes IPO to fuel southern market push

ZAPPFRESH, A DIRECT-TO-CONSUMER meat delivery startup, is expanding its omni-channel footprint in Bengaluru, bringing it nearly on par with its largest market, Delhi-NCR, as it prepares to raise 60 crore ($7.2 million) through an SME IPO this week.

time to read

1 min

September 23, 2025

Financial Express Mumbai

India among worst-performing equity markets in Asia; ranks 4th

INTHE PAST one year, the benchmark Nifty has declined nearly 3%, ranking India as the fourth-worst performing equity market in Asia.

time to read

1 min

September 23, 2025

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