Page 9 - Idea Cellular News Today

Indias top telecom companies are likely to file a review petition against the Supreme Courts ruling that treats license fees as a capital expenditure. This could result in hefty retrospective demands and penalties for tax payment shortfalls in previous periods. Bharti Airtel could face a potential tax demand of Rs 6,000 crore for 2020-23, while Reliance Jio could face a demand of Rs 8,400 crore for 2017-2023. Sector experts believe that the burden will even out over the license period, with tax ...

Balkis advertising prowess did not go unnoticed, earning him numerous accolades, including recognition at prestigious events like the Cannes Lions International Festival of Creativity, The One Show, and the Clio Awards.

Cisco cuts more jobsHuawei’s hopes of a 5G reprieve in Portugal look slimVodafone Idea refutes takeover offer rumours

Kumar Mangalam Birla, is one of the most philanthropic billionaires in India, with a phenomenal net worth of $16.6 billion. The Rs 242 crore donation was made by Kumar Mangalam Birla and family.

Bharti Airtels contingent liabilities related to demands from the Department of Telecommunications (DoT) have more than doubled between FY18 and FY23. The largest component of these liabilities is the one-time spectrum charge (OTSC) dues. Airtels OTSC dues to the DoT are estimated at around Rs 15,178 crore, with Rs 8,500 crore provided for and Rs 6,600 crore treated as contingent liabilities.

Bharti Airtel: “Airtel’s contingent liabilities pertaining to DoT claims have seen a sharp jump year-on-year, from Rs 4,100 crore in FY18 to Rs 11,500 crore in FY23, (and) the largest component within this is OTSC,” IIFL Securities said, analysing company data.

Sbi: “The Rs 2,000-crore offer is not enough… Vi’s promoters need to match the companys debt funding needs with higher equity infusion for the banks to step in,” one of them told ET.

Lenders of Vodafone Idea (Vi) are urging the companys promoters to inject more equity in order to qualify for future loans. The recent ₹2,000 crore financial support offered by the promoters is deemed inadequate due to Vis weak credit rating. The banks, led by State Bank of India (SBI), have advised that a larger equity infusion is necessary to compensate for the lower credit rating and instill confidence in lenders.

Tata Teleservices Maharashtra Limited (TTML) faces claims worth Rs 615.41 crore which are under litigation in various courts across the country, the company told the Bombay Stock Exchange in a filing Tuesday.

TTML is also involved in pending litigations with BSNL for three separate cases in matters regarding port-in charges, access deficit charges, and transit charges, altogether amounting to Rs 91.59 crore.