DoT to oppose Aircel, RCom spectrum sale unless AGR dues paid: Report
Wed, Sep 30, 2020 9:29 AM

DoT to oppose Aircel, RCom spectrum sale unless AGR dues paid: Report

A Flip by Flipitnews
Get it on Google Play
The government might oppose transfer of the right to use spectrum of bankrupt telecom companies such Aircel and Reliance Communications (RCom), unless the adjusted gross revenue (AGR) dues are cleared. The Department of Telecommunications (DoT) will challenge the move before the National Company Law Appellate Tribunal (NCLAT) makes a decision, according to a report by The Economic Times.

More great flips

Ajanta Pharma stock soars over 13.5% to new all-time high

Ajanta Pharma stock soars over 13.5% to new all-time high

Ajanta Pharma, a specialty pharmaceutical formulation company, witnessed a 13.70% surge in its shares during morning trade today, reaching a new all-time high of ₹2,540 apiece. This surge follows the company's stellar performance in the quarter ending March and for the full fiscal year.On Thursday, after market hours, the company released its financial results, reporting a 66% YoY jump.

Open Flip
Aptus Value Housing Finance Q4 Results: Net profit jumps 21% YoY

Aptus Value Housing Finance Q4 Results: Net profit jumps 21% YoY

Aptus Value Housing Finance India on Friday reported a 21% Y/Y rise in March quarter net profit to Rs 164 crore against Rs 135 crore reported in the year-ago period, backed by healthy business expansion. The net profit was Rs 612 crore for FY24, reflecting 22% growth over the preceding fiscal. Its interest rate spread, however, fell 8.71% for the quarter against 8.9% in the year-ago period.

Open Flip
Britannia Q4 Results: Net profit drops 3% to  ₹538 crore

Britannia Q4 Results: Net profit drops 3% to ₹538 crore

Britannia announced its Q4FY24 on Friday, May 3, reporting a drop of 3.2 per cent in consolidated net profit at ₹538.28 crore, compared to ₹558.66 crore in the corresponding period last year. The FMCG major's revenue from operations in the March quarter rose three per cent to ₹4,014.07 crore, compared to ₹3,892.02 crore reported in the year-ago period.

Open Flip

Join our Smart Investment Community

More than 1 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon