The Supreme Court has rejected the plea by telecom companies for re-computation of adjusted gross revenue (AGR), leaving no relief for major players like Vodafone Idea and Bharti Airtel. Vodafone Idea’s ability to complete its debt fundraising is crucial to maintaining its capex programme as well as preventing further subscriber loss.
Waaree Energies gets Sebi nod for IPO, fresh issue worth Rs 3,000 crore
Solar PV modules manufacturer Waaree Energies on Monday received market regulator Securities and Exchange Board of India’s (Sebi) approval for its proposed initial public offering