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DoT extends deadline to June 30 to reassess Vodafone Idea AGR dues, licence fee review is done but spectrum charge recalculation faces delays due to missing records The Department of Telecommunications (DoT) has extended the deadline for reassessing adjusted gross revenue (AGR) dues of Vodafone Idea by three months to June 30, according to a Moneycontrol report. The move comes as field officials continue to face challenges in completing the exercise. According to the Moneycontrol report, the e ...Read More >
New Delhi: The telecom department expects that AGR reassessment for Vodafone Idea -- which recently received government relief for its dues and liabilities -- will be completed by June, sources said. The reassessment was earlier targeted for completion by March 31. Sources said the review of the Spectrum Usage Charge (SUC) is on, following the internal licence fee reassessment by the Controller of Communication Accounts. Accordingly, the timeline has been extended to June, sources said. The Un ...Read More >
NEW YORK, July 15 (Reuters) - Citigroup's (C.N), opens new tab profit rose in the second quarter as its traders brought in a windfall from turbulent markets. The third-largest U.S. lender's net income was $4 billion, or $1.96 per share, in the three months ended June 30, it said on Tuesday. Total net income rose 25% from a year earlier. Stocks and bonds have whipsawed since April, when U.S. President Donald Trump stunned markets by announcing sweeping tariffs against major trading partners. Vo ...Read More >
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