Michael Debabrata Patra will serve for three years as the RBI Deputy Governor. He will take over the position lying vacant after Viral Acharya's exit last year

Share Market Update: Infosys was the top gainer today, rising 4% on NSE. On the other hand, YES Bank was the top loser today with shares of the lender declining over 8%

Forex traders said crude oil prices surged after US President Donald Trump ordered the killing of Iran Revolutionary Guards commander Qasem Soleimani.

The (Pakistan) government failed to significantly limit Lashkar-e-Taiba and Jaish-e-Mohammad from raising money, recruiting and training in Pakistan and allowed candidates overtly affiliated with LeT front organisations to contest the July general elections, the US State Department said in the report

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 final amount due is being calculated by DoT and will be communicated to telcos over the next few days. The two incumbents, Vodafone Idea and Airtel, are supposed to pay about 54 per cent of the total due amount

Reliance Jio said that it appears that the letter was sent only on the behest of two other members and called COAI a \"mouthpiece of two service providers\".

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

Bharti Airtel share price was the top loser on Sensex falling up to 4.06% to Rs 358.25 on BSE.

The AGR has been a long-standing dispute between DoT and the telcos, primarily Bharti Airtel and Vodafone Idea who will now have to shell out about 54 per cent of the pending amount - Rs 21,682 crore for Airtel and Rs 28,308 crore for Vodafone Idea

The SC rules most revenue components, \"except one or two\", would fall within the DoT's definition of Adjusted Gross Revenue, thereby ending over 14 years of legal battle

According to industry experts, the rising price of crude post the attack will deplete the country's foreign currency reserves and widen the fiscal deficit gap, while it fuels inflation in the domestic market

Recent events involving DoT have sparked debate over its overbearing methods of handling the telecom sector and, in a way destroying it rather than promoting it

For nearly 16 years, DoT and telcos were at loggerheads as they differed on the adjusted gross revenue (AGR) calculations