DoT has issued a notice regarding the same following last month's Supreme Court verdict asking telcos to pay all their dues to the DoT over the AGR (adjusted gross revenues) dispute

Next wave of reforms soon; pain points in manufacturing to be resolved: FM SitharamanFinance Minister Nirmala Sitharaman on Tuesday said the government will soon use its strong electoral mandate to usher in the next wave of reforms, and not to miss the bus this time. Without naming the reform measures unsuccessfully attempted by the Modi government in its first term, and in an apparent hint at land acquisition reform attempts by NDA1, she said the government's efforts last time we...

The Fitch group firm said that the linkages would be re-assessed in case of a decline in GoI's stake in an OMC and would also assess the continuance of government control in an OMC's decision making

MOSPI is waiting for Annual Survey of Industries and Consumer Expenditure Survey before finalising the new base year, after which the proposal will be tabled before respective committees

Saudi Aramco IPO: The world's most profitable company's shares are expected to begin trading in December (2019)

Net tax revenue has to grow 42 per cent to achieve FY20 budget target of Rs 16.5 lakh crore, which appears to be a daunting task, says Dr. Devendra Pant, Chief Economist, India Ratings and Research (Fitch Group)

Jio rebuffed COAI's concerns that the two operators might stop operations if the government does not revoke legal financial obligations arising out of Supreme Court's AGR verdict

The rating action came in wake of recent Supreme Court verdict asking telcos including Bharti Airtel to pay up Rs 92,641 crore to the DoT over the AGR dispute. The Airtel alone has unpaid dues of Rs 41,507 crore, with nearly Rs 22,000 crore in license fees, penalty, and interest

The panel may soon announce a financial bailout package for the ailing sector by lowering spectrum charges and ending the era of free mobile phone calls and dirt cheap data

In parallel, sector regulator Trai is expected to examine prescribing minimum charge for voice and data services

Both Bharti and Vodafone Idea have appealed to the government to review the impact of the decision on the sector. Vodafone has said that it could also look at filing a review application on the court's order if there's any scope

The AGR dispute is going to disrupt the finances of telcos like Airtel and Vodafone Idea. Airtel, for instance, will have to shell out Rs 21,682 crore, while Vodafone Idea's payout will be much bigger at Rs 28,308 crore

Saudi Aramco's IPO, which is set to be the largest in the history, is likely to be launched as early as November 3, according to a Reuters report.

Earlier this week, the Supreme Court upheld Department of Telecommunications' (DoT) definition of AGR. The telecom companies are now looking at a payout of over Rs 92,000 crore to the government

Fitch said the recent government measures to boost economy including a cut in corporate tax rates will gradually nudge growth

The rating agency, however, expects the government to support the banks directly rather than the finance companies.

Saudi Aramco's IPO which was set to be the largest in the history was expected to be launched in late November.