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Supreme Court Exempts Jio, Airtel Of Rs 40,000 Crore Dues Owing To Spectrum Sharing
Reported by A Vaidyanathan, Edited by Abhik Deb | Tuesday September 01, 2020The exemption however deals specifically with the shared spectrum used by companies and does not include their original dues -
Waiving Interest During Moratorium Unfair To Those Who Repaid Loans: Centre To Supreme Court
Edited by Abhik Deb (with inputs from agencies) | Tuesday September 01, 2020The Centre said that any "post facto" change on payment of interests would be unfair to those who kept paying their EMIs -
August GST Collections Come At Rs 86,449 Crore, 1% Lower Than July
Edited by Abhik Deb | Tuesday September 01, 2020GST collection in July had come at Rs 87,422 crore, while GST for the month of August last year was Rs 98,202 crore -
"Worst Is Behind, Recovery Clearly On," Chief Economic Adviser Tells NDTV On GDP Data
Edited by Sandeep Singh | Tuesday September 01, 2020Official data on Monday showed the country's gross domestic product (GDP) contracted a record 23.9 per cent in the quarter ended June 30. -
August Diesel Sales Decline 13% From July, Indicates Lower Industrial Output
Reuters | Tuesday September 01, 2020State-refiners sold 4.26 million tonnes of diesel in August, a drop of 13 per centfrom July and a 22.3 per centfall from a year earlier -
In Just A Few Hours, Zoom CEO Became $4 Billion Richer
Sophie Alexander and Nico Grant, Bloomberg | Tuesday September 01, 2020Shares of his virtual-meeting company surged as much as 26 per centto $410 in late UStrading as it reported a jump in quarterly revenue -
Mahindra Automotive Sales Down 16% In August, Tractor Sales Up 65%
Edited by Abhik Deb | Tuesday September 01, 2020Mahindra & Mahindra's stock finished slightly higher on Tuesday, closing 0.42 per cent above previous closing -
Sensex, Nifty Continue To Rise After A Day's Halt
Edited by Abhishek Vasudev | Tuesday September 01, 2020Mid- and small-cap indexes close don a mixed note as the Nifty Midcap 100 index rose nearly 1% while Nifty Smallcap 100 index rose 0.3%. -
Rupee Appreciates To 72.87 Against US Dollar
Press Trust of India | Tuesday September 01, 2020Forex traders said the domestic unit gathered momentum after the Reserve Bank of India announced various steps to ease pressure on liquidity. -
Power Output Falls For Sixth Straight Month In August
Reuters | Tuesday September 01, 2020Power use during the second half of August in states such as Maharashtra and Gujarat declined by about 15 per cent each -
Sensex Continues Upmove After A Day's Pause; Bharti Airtel Jumps
Edited by Sandeep Singh (with inputs from agencies) | Tuesday September 01, 2020Gains in automobile, metal, consumer goods and pharmaceutical shares pushed the markets higher. -
Sensex Surges Nearly 600 Points; Bharti Airtel Gains 8% After AGR Ruling
Edited by Abhishek Vasudev | Tuesday September 01, 2020The overall market breadth was negative as 1,540 shares were declining while 953 were advancing on the BSE. -
Vodafone Idea Crashes 20%, Airtel, RCom Stocks Edge Higher On AGR Verdict
Edited by Abhik Deb | Tuesday September 01, 2020Vodafone Idea Limited which owes more than Rs 50,000 crore in AGR-related dues had sought 15 years to pay its part -
Top Court Gives Telecom Firms 10 Years To Pay Dues, Contempt If Default
Edited by Peter Noronha (with inputs from agencies) | Tuesday September 01, 2020The Supreme Court on Tuesday gave telecom companies 10 years to clear huge dues owed to the government, called adjusted gross revenue (AGR), amounting to about Rs 1.6 lakh crore, in staggered payments. A three-judge bench of the top court said telecom companies must pay 10 per cent of the dues by March 31 next year. The Supreme Court rejected a 20-year payment timeline proposed by the central government and supported by telecom companies, which are reeling under piles of debt amid intense competition. -
Loan Moratorium Can Be Extended For 2 Years: Centre To Supreme Court
Reported by A Vaidyanathan, Edited by Abhishek Vasudev | Tuesday September 01, 2020The central government on Tuesday informed Supreme Court that loan moratorium period can be extended by two years as per the RBI's circular.
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