India's Supreme Court rejected a request by telecom companies including Vodafone Idea and Bharti Airtel to correct alleged errors in calculating the license fee they owe to the government, television channel NDTV Profit reported on Thursday.

The Supreme Court has denied Vodafone Idea and Bharti Airtel's curative petition seeking a re-calculation of adjusted gross revenue (AGR) dues totaling over Rs 1 lakh crore. The companies are required to pay the amount by March 31,

The companies in a last-resort petition against a similar 2021 ruling argued the telecom department made errors in calculating adjusted gross revenue (AGR) dues

India's top court on Thursday rejected a request by telecom companies to recalculate the dues they owed the government, sending shares of debt-saddled Vodafone Idea and its peers down. Analysts at ICRA estimate that Vodafone Idea and Bharti Airtel owe 1 trillion rupees ($12 billion) in past dues,

Following the Supreme Court’s dismissal, Vodafone-Idea shares plummeted nearly 20% to a 52-week low of ₹10.36 from ₹12.90.

The curative petitions were filed by Vodafone India, Bharti Airtel, and others, challenging a 2019 verdict mandating payment of Rs 92,000 crore to the government within three months.

Supreme Court rejects telecom companies' plea to recalculate licence fees, leading to stock price drops for Vodafone Idea and Indus Towers.

The Supreme Court has dismissed pleas by telecom giants Vodafone Idea and Bharti Airtel to re-compute Adjusted Gross Revenue (AGR) dues. The companies sought corrections in the AGR calculations, a penalty reduction,

Bharti Airtel and Vodafone Idea were among the telcos which filed the curative petition, alleging grave error in the calculation of dues