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India, Supreme Court

India's top court rejects telcos' plea on dues owed to govt; shares slump

India's top court on Thursday rejected a request by telecom companies to recalculate the dues they owed the government, sending shares of debt-saddled Vodafone Idea and its peers down. Analysts at ICRA estimate that Vodafone Idea and Bharti Airtel owe 1 trillion rupees ($12 billion) in past dues,

The Times of India on MSN · 8h

Supreme Court rejects telcos' plea to recalculate Rs 1L crore dues

The Supreme Court has denied Vodafone Idea and Bharti Airtel's curative petition seeking a re-calculation of adjusted gross revenue (AGR) dues totaling over Rs 1 lakh crore. The companies are required to pay the amount by March 31,

Hindustan Times · 19h

Supreme Court rejects telcos' plea to recalculate dues owed to government: Report

The companies in a last-resort petition against a similar 2021 ruling argued the telecom department made errors in calculating adjusted gross revenue (AGR) dues

Reuters on MSN · 1d

India's Supreme Court rejects telcos' plea to reconsider fees owed to govt, NDTV Profit reports

India's Supreme Court rejected a request by telecom companies including Vodafone Idea and Bharti Airtel to correct alleged errors in calculating the license fee they owe to the government, television channel NDTV Profit reported on Thursday.

Business Today on MSN · 23h

Supreme Court dismisses petitions by telcos against AGR dues computation

The curative petitions were filed by Vodafone India, Bharti Airtel, and others, challenging a 2019 verdict mandating payment of Rs 92,000 crore to the government within three months.

The Economic Times on MSN · 1d

Big blow for telcos as SC rejects AGR re-computation plea; Vi shares crash

The Supreme Court has dismissed pleas by telecom giants Vodafone Idea and Bharti Airtel to re-compute Adjusted Gross Revenue (AGR) dues. The companies sought corrections in the AGR calculations, a penalty reduction,

IND vs BAN: R Ashwin haunts Bangladesh

Associated Press · 17h

Ashwin, Jadeja dig India’s cricketers out of trouble against Bangladesh in 1st test in Chennai

Ravichandran Ashwin scored his sixth test hundred as he and Ravindra Jadeja dug India's cricketers out of trouble against Bangladesh on day one of the first test.

BBC · 19h

Ashwin ton leads India fightback against Bangladesh

An unbeaten century by Ravichandran Ashwin leads India's fightback from a poor start against Bangladesh on day one of the first Test in Chennai.

Reuters on MSN · 1d

Cricket-India guard against complacency against buoyant Bangladesh

A series sweep against Bangladesh will cement India's place atop the World Test Championship (WTC) standings but the team under Rohit Sharma are guarding against any complacency in the two-match home series beginning in Chennai on Thursday.

Centre probes EY India employee's death

Reuters on MSN · 19h

India probing EY's 'work environment' after death of young employee

India is investigating the work environment at Big Four accounting firm EY, the labour minister said on Thursday, after the death of a 26-year-old associate worker was blamed on stress by her mother who demanded accountability.

NDTV · 1h

"As A Father...": EY India Chairman On Employee's Death Due To 'Overwork'

Issuing a statement on the alleged death of a 26-year-old employee because of 'overwork', Ernst & Young (EY) India Chairman Rajiv Memani has said the fact that no one from the company attended the funeral is alien to their culture.

Live Mint on MSN · 20h

EY India employee death: Chairman says ‘highest importance on well-being of employees’; Labour ministry to start probe

Following the tragic death of 26-year-old Anna Sebastian Perayil, EY's Chairman expressed condolences, while the Union Labour Ministry announced an investigation into claims of an unsafe work environment.

India, money laundering

Reuters · 15h

Anti-money laundering watchdog calls on India to speed up prosecutions

The global anti-money laundering watchdog, the financial Action Task Force (FATF) urged India on Thursday to speed up its prosecutions in financial fraud cases.

Business Standard · 2h

India's gems, jewellery sector vulnerable to money laundering: FATF

The ease with which the trade of precious metals and stones can be used to move "large amounts" of funds without leaving an ownership trail shows this sector in India is vulnerable to be used as a tool for money laundering and terrorist financing,

The Indian Express · 9h

FATF on India: Effective anti-money laundering system, low prosecution

For the non-profit organisations (NPO) sector, the FATF said India should ensure that measures aimed at preventing the sector from being abused for terror financing are implemented.

Fed rate cut, India

Reuters on MSN · 1d

Fed rate cut will not significantly impact inflows into India, official says

The U.S. Federal Reserve's decision to cut interest rates will not significantly impact inflows into India, the South Asian nation's Economic Affairs Secretary Ajay Seth said on Thursday. "It's a 50 bps cut from high level so I don't see that making any significant impact on the flows (into India).

Live Mint on MSN · 17h

India to get higher FII flows after US rate cut

Experts rule out a runaway rally, given the steep valuations across large swathes of the market, expecting large caps to outperform broader markets.

Republic Business on MSN · 22h

US Fed rate cut unlikely to impact foreign inflows into India: Economic Affairs Secretary

The US Fed rate cut of 50 basis points is unlikely to have any significant impact on foreign inflows into India, Economic Affairs Secretary Ajay Seth said on Thursday. He said the US Federal Reserve has done what it assesses is good for the largest economy in the world,

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Daikin Industries invests Rs 1,400 cr in India to boost local manufacturing

According to recent regulatory filings by Daikin Airconditioning India with the Registrar of Companies (RoC), this capital ...

14hon MSN

CNBC's Inside India newsletter: Will India's lofty manufacturing ambitions bear fruit?

As the 10th anniversary of the Make in India initiative nears, CNBC's Inside India takes a look at how the nation's ...

India Today on MSN12m

Venus on India's radar: Why Isro is eager to reach Earth's mysterious twin

India's interest in Venus goes beyond national prestige. Studying Venus offers a unique opportunity to understand Earth’s ...

‘Stree 2’ Is The Highest-Grossing Hindi Film Of All Time In India

Indian stars Rajkummar Rao, Shraddha Kapoor and Pankaj Tripathi have delivered the highest-ever box office collection for a ...

22h

FATF Asks for Tighter Checks on India’s Precious Metal Deals

India must tighten checks on transactions involving precious metals and stones as several of these deals are conducted in ...

India is on a path to become the world’s third-largest space power

"Great news for the space sector!" Indian Prime Minister Narendra Modi posted on X. Collectively, the projects authorized by ...

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Admission of India's greatness from Pakistan: 'Bharat ek great team ban chuka hai'

India demonstrated their all-round prowess in the Chennai Test against Bangladesh, overcoming early challenges to score 376.

India’s Das Tames Once-Volatile Rupee With $689 Billion Reserves

India’s central bank chief Shaktikanta Das has pulled off a rare balancing act: Clamping down on volatility in the rupee ...

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