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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

Google exploring investment opportunities in struggling Vodafone Idea

Alphabet’s Google is exploring an investment in Vodafone Group’s struggling India business, the Financial Times reported on Thursday, citing people familiar with the matter. Google is considering buying a stake of about 5 percent in Vodafone Idea, the FT reported, citing one of the people. The process is at an early stage, according to the […]

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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 […]