Related News

Jason Kim, chief executive officer of Firefly Aerospace, center, during the company’s initial public offering at the Nasdaq MarketSite in New York, US, on Thursday, Aug. 7, 2025. Michael Nagle

Chuck Robbins, Cisco CEO, speaking on CNBC’s Squawk Box outside the World Economic Forum in Davos, Switzerland on Jan. 22, 2025. Gerry Miller | CNBC Cisco reported better-than-expected profit and

Advanced Micro Devices‘ CEO Lisa Su shut down concerns over Big Tech’s elevated spending during an interview with CNBC’s “Squawk Box” on Wednesday and said investing in more computing will

Brian Armstrong, chief executive officer of Coinbase Global Inc., speaks during the Messari Mainnet summit in New York, on Thursday, Sept. 21, 2023. Michael Nagle | Bloomberg | Getty Images

It’s become nearly impossible for people to tell the difference between music generated by artificial intelligence and that created by humans, according to a survey released Wednesday. The polling firm

Almanac: November 2 – CBS News Watch CBS News “Sunday Morning” looks back at historical events on this date. Source link

Trending News

In today’s digital age, the opportunity to make money online without any initial investment is more accessible than ever before. Whether you’re a student looking to earn some pocket money,

In today’s digital world, make money online has become a dream many want to turn into reality. Whether you’re looking for a side hustle or aiming to build a full-time

JSW Cement, the building materials arm of Sajjan Jindal-led JSW Group, has reduced the size of its upcoming initial public offering (IPO) to Rs 3,600 crore and will open the

The agricultural Gross Value Added (GVA) growth is expected to moderate to 4.5% in the first quarter of FY26, down from 5.4% in the preceding quarter, according to a report

Foreign portfolio investors (FPIs) turned net sellers in the Indian equity market in July, pulling out Rs 17,741 crore amid rising global trade tensions. According to data from NSDL, this

Avenue Capital Group-backed Asset Reconstruction Company (India) Ltd (ARCIL) has filed its draft red herring prospectus (DRHP) with markets regulator Sebi on Friday to raise funds through an initial public

AGR dues demand: DoT issues Rs 7,827 crore notice to Tata Communications, firm says licences not covered under SC order

Word Count: 663 | Estimated Reading Time: 4 minutes


AGR dues demand: DoT issues Rs 7,827 crore notice to Tata Communications, firm says licences not covered under SC order

The Department of Telecommunications (DoT) has issued a “show-cause-cum-demand” notice of Rs 7,827.55 crore to Tata Communications for adjusted gross revenue (AGR) dues spanning nearly two decades, the company disclosed in an official note dated July 17.The dues have been raised for the financial years from 2005–06 to 2023–24. Tata Communications Managing Director AS Lakshminarayan said in the note that the total demand includes Rs 276.68 crore related to the disallowance of deductions claimed by the company under different licences, PTI reported.“As at June 30, 2025, the company has received ‘Show Cause-cum Demand Notices’ (‘demand notices’) from Department of Telecommunications of India aggregating to Rs 7,827.55 crore for financial years ranging from FY 2005-06 to FY 2023-24, which have been revised over a period of time,” Lakshminarayan said.He added that the amount includes claims under Tata Communications’ ISP (internet service provider) licence for FY 2010–11 and its NLD (national long distance) licence for FY 2006–07 and 2009–10.The company said its appeals related to AGR liability under ILD (International Long Distance), NLD, and ISP licences are currently pending before the Supreme Court and the Telecom Disputes Settlement and Appellate Tribunal (TDSAT).Lakshminarayan clarified that these appeals are not connected to the October 24, 2019 Supreme Court ruling on AGR dues, which covered telecom companies operating under the Unified Access Service Licence (UASL) regime.“Further, the company believes that all its licences are different from UASL, which was the subject matter of Hon’ble Supreme Court judgement of October 24, 2019. The company, based on its assessment and independent legal opinions, believes that it will be able to defend its position,” he stated.As per earlier government calculations, telecom companies had a cumulative AGR liability of about Rs 1.65 lakh crore till FY 2018–19. These estimates included dues of Rs 59,236.63 crore for Vodafone Idea, Rs 31,280 crore for Bharti Airtel, Rs 16,224 crore for BSNL, Rs 5,009.1 crore for MTNL, and Rs 631 crore for Reliance Jio. Tata Communications’ dues were not part of that list.





Source link

Most Popular Articles