The DoT calculated that Bharti Airtel, Vodafone Idea & others owe as much as Rs 1.47 lakh crore, while non-telecom firms, with some licence from it, owed Rs 2.65 lakh crore.
Following the Supreme Court rejecting Vodafone Idea's plea against paying the govt $4 billion, the companies shares tumbled as much as 39% Friday, the biggest intraday loss on record.
A 3-judge Supreme Court bench rejected an appeal by telecom companies, including Bharti Airtel and Vodafone, which have been struggling to reduce debt.
Both Vodafone Idea and Bharti Airtel have pinned their losses to Supreme Court’s recent ruling. Media has described their current state as ‘bruised, battered and bleeding’.
Peter Manuel's ‘Cassette Culture’ showed the booming Bhakti music during the '80s and '90s when Anoop Jalota, Gulshan Kumar achieved success by singing the sanitised Bhajans.
Economists say there are weaknesses in India’s GDP data. But statisticians claim the accusations are based on flawed understanding, saying while GDP has problems, the economists are looking in the wrong places.
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