Business Unit

Bharti Airtel makes additional payment of Rs 8,004 crore towards AGR dues

Telecom operator Bharti Airtel on Saturday mentioned that it has created additional payment of Rs eight,004 crore to altered gross income dues to the Division of Telecom (DoT).

The payment of Rs eight,004 crore is in addition to Rs ten,000 crore the company paid out on February seventeen, 2020 in compliance to the Supreme Courtroom judgement, it mentioned in a regulatory filing.

The company mentioned it calculated the liabilities on self evaluation foundation till December 31, 2019 and the payment includes interest up to February 29, 2020.

The company has carried out self evaluation from FY 2006-07 up to December

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Business Management

AGR verdict: SBI, IndusInd Bank slip up to 4% as banks stare at NPA pile-up

Banking stocks, which includes IndusInd Lender, Axis financial institution, and Condition Lender of India, tumbled at the bourses right after the Supreme Courtroom rejected Bharti Airtel and Vodafone Idea’s plea searching for to neogtiate the payment agenda in the AGR scenario.

Amid particular person stocks, IndusInd Lender strike new fifty two-7 days lower, down 4 for each cent, to Rs 1181.1 on the NSE. Moreover, IDFC Initially Lender slipped for each cent, RBL Lender (2.3 for each cent), Axis Lender (2 for each cent), HDFC Lender (1.9 for each cent), Federal Lender (1.4 for each cent), and SBI (1.eight

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