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Business India

Supreme Court gives telecom firms 10 years to pay up dues, due to the Indian Government

Indian telecom firms won some reprieve on Tuesday as the country’s top court gave the mobile carriers 10 years to settle government dues. Vodafone Idea and rival Bharti Airtel, two of the three major carriers, had asked India’s Supreme Court for 15 years to settle their fees. The Supreme Court ruling gave the firms time […]

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Business

Amazon in talks to buy $2 billion stake in Bharti Airtel

Amazon.com is in early-stage talks to buy a stake worth at least $2 billion in mobile operator Bharti Airtel, three people with knowledge of the discussions told Reuters, in a move that could turbocharge India’s digital economy. The planned investment, if completed, would mean Amazon acquiring a roughly 5% stake based on the current market […]

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Business

Telecom operators need to pay up $13 billion to Indian Government after Top Court rejects review plea

In a major setback to telecom operators in India, the Supreme Court on Thursday rejected a plea seeking a review of its earlier order that allowed the government to collect dues worth ₹92,000 crore from them. “Applications for hearing in open court/oral hearing are rejected. Having perused the review petitions and the connected papers with […]