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DoT to issue notice to five telcos to recover Rs 2,578 cr

2017-12-31 moneycontrol
The Department of Telecom (DoT) will issue notice to five telecom operators, including Tata Teleservices, Telenor and Reliance Jio, to recover Rs 2,578 crore, in the wake of the CAG red-flagging understatement of revenues by the firms. (3-0)

Tata Tele, Telenor, 3 others understated revenue by Rs 14,000 crore

2017-12-19 moneycontrol
Tata Teleservices, Telenor, Videocon and Reliance Jio are among five telecom firms which have understated revenues by over Rs 14,800 crore, resulting in a shortfall of nearly Rs 2,578 crore to the exchequer, government auditor CAG said today. (3-0)

Five telecom firms understated AGR by Rs 14,800 cr: CAG

2017-12-19 business-standard
Tata Teleservices, Telenor, Videocon Telecom, Quadrant Televentures, and Reliance Jio Infocomm have understated their adjusted gross revenue (AGR) by over Rs 14,800 crore, which has resulted in a shortfall of Rs 1,526.70 crore to the government, according to a report by the Comptroller and Auditor General (CAG) of India.   The report, tabled in Parliament, states the interest on the short payment stood at Rs 1,052. (9-0)

Quadrant Televentures reports standalone net loss of Rs 48.10 crore in the March 2017 quarter

2017-06-23 indiainfoline
For the full year,net loss reported to Rs 152.08 crore in the year ended March 2017 as against net loss of Rs 134.81 crore during the previous year ended March 2016. Sales declined 5.48% to Rs 527.79 crore in the year ended March 2017 as against Rs 558.37 crore during the previous year ended March 2016.

Videocon’s six-fold losses spell trouble for the debt-ridden conglomerate

2017-02-13 livemint
Videocon Industries increaseed their year-long loss to Rs1,367.94 crore—a whopping 24 times higher than the previous year

India’s Mobile-Phone Price War Seen Spurring Consolidation - Bloomberg

2017-01-27 bloomberg
Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company News

2017-01-20 thehindubusinessline
Hindustan Construction Co on Friday said it has allotted 4.155 crore shares and 23.2 lakh optionally-convertible debentures to lenders, under a debt restructuring scheme. The company has allotted 1.586 crore shares to Axis Bank, 2.196 crore shares to Punjab National Bank and 37.3 lakh shares to Standard Chartered Bank. It also allotted 9.74 lakh convertible debentures to Axis Bank and 13.5 lakh CDs to PNB.

Videocon Telecom to shut Punjab circle ops from February 15

2017-01-20 moneycontrol
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Quadrant Televentures reports standalone net loss of Rs 14.89 crore in the March 2016 quarter

2016-05-28 indiainfoline
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