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Voda Idea AGR fees could rise further

KOLKATA: Vodafone Idea's estimated AGR-related fees of Rs 44,200 crore could rise sharply, entail additional provisions and stretch its balance sheet further, if the method adopted by the telecom department to calculate such debts is different, analysts say. ICICI Securities said that during an analyst call on Friday, Vodafone Idea had stated that it had "estimated its adjusted gross income …

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What changed for the market while you slept? Top 12 Things to Know

Indian markets closed flat during the week ending November 15, and Nifty50 failed to hold at 11900 levels on a closing basis. The broader market witnessed a mixed trend where the S&P BSE average overrun index rose 0.28 percent, while the S&P BSE small cap index fell 1.1 percent over the past four trading days. Keep up to date with …

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New standards to ease restrictions on FDI through joint ventures from Indian companies

NEW DELHI: In an effort to facilitate the flow of foreign funds into legitimate business operations, the government could soon relieve the restrictions on foreign direct investment (FDI) of joint ventures (JVs) or wholly owned subsidiaries (WOS) by an Indian company without categorizing such investments as a "suspect" involving "round tripping" of funds. The existing legal framework under FEMA does …

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Govt is considering reintroducing restrictions on royalty payments

NEW DELHI: The government is considering reintroducing restrictions on royalty payments for technology transfer, given the excessive outflow of such funds to foreign companies, sources said. A proposal in this regard will soon be sent by the Department for Promotion of Industry and Domestic Trade (DPIIT) for consultation between ministries, sources said. According to the proposal, limits could be imposed …

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NCLAT rejects PepsiCo basis for release of Oceanic Tropical machines

New Delhi : The National Company Law Appellate Tribunal (NCLAT) has rejected the plea of ​​beverage giant Pepsico India Holdings seeking to release its machines from Oceanic Tropical Fruits, which is in the process of insolvency. The drinks major had moved NCLAT against the order passed on May 28, 2019 by the Chennai Bench of the National Company Law Tribunal …

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