Vodafone Idea stock plunges by 12% after new SC orderFebruary 14, 2020 12:35
The share price of telecom major Vodafone Idea fell by over 12 per cent intraday on Friday after the Supreme Court rejected the telcos' plea seeking new schedule of adjusted gross revenues payments.Vodafone Idea, Bharti Airtel and Tata Teleservices had filed modification applications on the time schedule to make payments of over Rs 1 lakh crore which they owe to the Department of Telecommunications (DoT) as AGRs.
The apex court asked telecom operators to explain why these dues were not deposited despite its orders, and why contempt action must not be taken against them for non-compliance of the order.
A day earlier, Vodafone Idea had reported a consolidated loss of Rs 6,439 crore for the October to December quarter (Q3 FY20).At 12 noon on Friday, its stock was trading 12.5 per cent lower at Rs 3.92 against the previous close of Rs 4.48. -- PTI
Twitter grilled on blocking Amit Shah account at parliamentary meet
Members of a parliamentary committee on Thursday raised the issue of Twitter temporarily locking the account of Union Home Minister Amit Shah in 2020 as well as misrepresentation of the Indian map by the micro-blogging site, sources said.