No AGR relief, a higher proportion of telecom debt may get converted into equity: Balaji Subramanian

September 23, 2024

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.

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Arkade Developers listing: After a bumper IPO response, GMP signals a strong debut on Tuesday

Shares of Arkade Developers have been heavily subscribed, over 100 times, and are set to debut on the exchanges on Tuesday. Ahead of the listing,

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Reliance Power board approves preferential issue worth Rs 1,525 crore

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