Setback for telecom majors: SC rejects pleas by Vodafone, Airtel, Tata Teleservices for AGR dues waiver, calls appeals ‘misconceived’

Vodafone had requested relief of approximately Rs 30,000 crore. (AI image) The Supreme Court on Monday rejected appeals from major telecommunications companies Vodafone, Airtel andTata Teleservices regarding their request for adjusted gross revenue (AGR) dues waiver. The bench, consisting of Justices J B Pardiwala and R Mahadevan, deemed these appeals “misconceived”.“We are really shocked by…

Read More

Protean eGov Technologies shares crash 20% after not being selected for PAN 2.0 project of Income Tax Department

Protean eServices participated in the competitive bidding process to become a Managed Service Provider (MSP) for the PAN 2.0 Project. (AI image) Protean share price crash: Protean eGov Technologies‘ stock plummeted 20% to reach its lower circuit of Rs 1,143 on NSE following the Income Tax Department‘s decision not to select the company for its…

Read More

Markets Head Lower in Wake of Concerns About U.S. Debt

The United States’ loss of its last triple-A credit rating and mounting concerns about government debt are threatening to disrupt the relative calm in financial markets that has prevailed since President Trump began pausing tariffs early last month. One factor jarring markets is a bill in Congress that would make Mr. Trump’s signature 2017 tax…

Read More

Asian markets slide as US loses last triple-A credit rating; Wall Street rally stalls, dollar and futures dip

Asian stock markets slid on Monday and the US dollar weakened after Moody’s downgraded the United States’ last remaining triple-A sovereign credit rating, triggering renewed investor concerns about Washington’s rising debt burden. Moody’s cut the rating from Aaa to Aa1, citing “the increase over more than a decade in government debt and interest payment ratios…

Read More

Delhi Airport operator DIAL sells entire 50% stake in DASPL to Bird Flight Services for nearly Rs 13 crore

NEW DELHI: DIAL, the Delhi airport operator, has divested its complete 50 per cent ownership in Delhi Aviation Services Pvt Ltd (DASPL) to Bird Flight Services (India) Pvt Ltd for nearly 13 crore. DASPL held the concession for operating bridge-mounted equipment at Terminal 3 of Indira Gandhi International Airport (IGIA), including ground power units, pre-conditioned…

Read More

Tata confidant Mohini Mohan Dutta consents to will

Mohini Mohan Dutta and Ratan Tata MUMBAI: Mohini Mohan Dutta, a confidant of Ratan Tata and an erstwhile director at the Taj hotels group, has consented to the terms of the late industrialist’s will, which left him one-third of Tata’s residual estate valued at around Rs 588 crore.His consent expedites the process for the will’s…

Read More