According to government calculations, Vodafone Idea needs to pay  ₹50,000 crore as AGR dues, but the company believes its dues are half that amount. (Pradeep Gaur/Mint)
According to government calculations, Vodafone Idea needs to pay 50,000 crore as AGR dues, but the company believes its dues are half that amount. (Pradeep Gaur/Mint)

Government may hire auditors to settle AGR dues row

  • The exercise, if successful, may help telcos and govt reach middle ground
  • Vodafone Idea owes 50,000 cr, of which it has paid 2,500 cr on Monday and another 1,000 cr on Thursday

A man applies finishing touches to paintings of US President Donald Trump and India's Prime Minister Narendra Modi on a wall as part of a beautification along a route that Trump and Modi will be taking during Trump's upcoming visit, in Ahmedabad.  (REUTERS)
A man applies finishing touches to paintings of US President Donald Trump and India's Prime Minister Narendra Modi on a wall as part of a beautification along a route that Trump and Modi will be taking during Trump's upcoming visit, in Ahmedabad. (REUTERS)

Homeland security to IP rights, Donald Trump visit to help seal five pacts

  • Discussions are slated to span the gamut of bilateral, regional and global issues
  • Another pact expected to be signed is the $2.6 billion deal for 24 Seahawk helicopters for the Indian Navy

From The Wall Street Journal
The company said that the total valuation assuming all above earn-outs are successfully consummated, may reach Rs. 26,475 crore. (Pradeep Gaur/Mint)
The company said that the total valuation assuming all above earn-outs are successfully consummated, may reach Rs. 26,475 crore. (Pradeep Gaur/Mint)

Group ADP to pick up 49% in GMR Airports Limited

  • The first tranche of Rs. 5,248 crore will be received by GMR Group immediately, which will be utilised to deleverage the Group's massive debt
  • The company said that the total valuation assuming all above earn-outs are successfully consummated, may reach 26,475 crore

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The death toll from the coronavirus outbreak in China has climbed to 2,118
The death toll from the coronavirus outbreak in China has climbed to 2,118

Coronavirus Live update: Fecal transmission may be behind virus’s rapid spread

  • The death toll from the coronavirus outbreak in China has climbed to 2,118 as 114 more people died of the deadly infection on Wednesday, while the overall confirmed cases increased to 74,576
  • US scientists create 1st 3D map of the protein used by the deadly virus to invade to and infect the human cells, a critical step toward developing vaccine and treatments

Due to a variety of unresolved legal and operational details, valuers believe the chances of an LIC IPO materializing in FY21 are low. (Photo: Pradeep Gaur/Mint)
Due to a variety of unresolved legal and operational details, valuers believe the chances of an LIC IPO materializing in FY21 are low. (Photo: Pradeep Gaur/Mint)

What value may lie within the doors of LIC

  • The Centre’s 2.1 trillion disinvestment bet may rely heavily on a stake sale in LIC. What are the odds of a windfall?
  • LIC will have to review its profit- sharing arrangement and improve product mix, persistency ratios for a decent valuation. Fears of government influence continue to loom over the valuation

Vodafone Idea is staring at dues worth around  ₹50,000 crore. (Mint )
Vodafone Idea is staring at dues worth around 50,000 crore. (Mint )

Telcos owe around Rs22,589 cr as licence fees; rest Rs70k cr is interest,penalty

  • As telecom operators scramble to comply with Supreme Court order on AGR dues, the sources said actual pending liability regarding licence fees is 22,589 crore
  • Bharti Airtel has paid 10,000 crore, Vodafone Idea 3,500 crore and Tata Group 2,197 crore for both licence fee and SUC dues

An inflation targeting regime is as good as the quality of inflation statistics
An inflation targeting regime is as good as the quality of inflation statistics

CPI weights need rejig for gauging inflation better

  • CPI measures the changes in the prices of goods and services that are consumed by households
  • As our consumption pattern shifts, a CPI based on old weights is likely to underestimate or overestimate inflation

Porter, which operates in Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Chennai and Ahmedabad, offers truck rentals for individuals and corporate customers.
Porter, which operates in Bengaluru, Mumbai, Delhi-NCR, Hyderabad, Chennai and Ahmedabad, offers truck rentals for individuals and corporate customers.

M&M-backed Porter in talks to raise funds

  • Swiss investor LGT may lead $30 mn round in logistics company
  • LGT Aspada has emerged as an active investor in the growth stages of Indian firms in the past few months

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Kishore Biyani-led Future Lifestyle Fashions will use the funds for enhancing its stake in subsidiaries and debt reduction. (Photo: Mint)
Kishore Biyani-led Future Lifestyle Fashions will use the funds for enhancing its stake in subsidiaries and debt reduction. (Photo: Mint)

Future Lifestyle to raise over 600 crore from promoters, IFC

  • The board has approved issuance of 5.14 million equity shares of face value of 2 at an issue price of 414 each
  • The board also approved issue of 96,61,835 equity shares of face value of 2 each at an issue price of 414 per share

Photo: PTI
Bharti Airtel chairman Sunil Bharti Mittal. (Pradeep Gaur/Mint)
Melania Trump will arrive in India on Monday. (Reuters)
A file photo of Union Home Minister Amit Shah. (Photo: ANI) (ANI )
Bharti Enterprises chairman Sunil Mittal. Photo: Reuters
Reserve Bank of India (Photo: Mint )
The industry saw a decline in showroom sales for the second consecutive month, after a marginal recovery in October and November.
The industry saw a decline in showroom sales for the second consecutive month, after a marginal recovery in October and November.

Retail sales of passenger vehicles fall 4.6% in Jan

  • Subdued customer sentiment and a low base seen behind decline in sales
  • Decline in sales shows persistent unease in consumer sentiment, sluggish economic growth

Photo: Bloomberg
For the nine months to December 2019, DHFL reported a loss of  ₹5,977 crore, as against a profit of  ₹1,187 crore in the year earlier.
For the nine months to December 2019, DHFL reported a loss of 5,977 crore, as against a profit of 1,187 crore in the year earlier.

DHFL reports net profit in Q3, but auditors wary

  • Stressed lender posts 934 cr stand-alone net profit, primarily on a tax adjustment
  • During the Dec quarter, DHFL gains from a deferred tax adjustment of 1,102 crore

Aman Gupta, co-founder of boAt Lifestyle.
The company has declared an interim dividend of  ₹10 per equity share and set a record date at 25 February 2020
This mobile application allows an employee to view his historical data since his date of joining the railways.
Foreign ministry spokesman Raveesh Kumar. (Photo: Hindustan Times)
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The Nasdaq was down 139.82 points, or 1.42%, at 9,677.37. Photo: Bloomberg
The Nasdaq was down 139.82 points, or 1.42%, at 9,677.37. Photo: Bloomberg

US markets tumble as coronavirus fears mount

  • At 12:11 p.m. ET, the Dow Jones Industrial Average was down 283.37 points, or 0.97%, at 29,064.66 and the S&P 500 was down 32.79 points, or 0.97%, at 3,353.36
  • Technology stocks led the slide, with Microsoft down 2.5% and Apple and Amazon.com dropping 1.3% each

US President Donald Trump. (REUTERS)
Rajasthan Chief Minister Ashok Gehlot. (ANI )
The Vodafone logo. (REUTERS)
The Vodafone logo. (REUTERS)

Fitch takes Bharti Airtel off 'watch negative'

  • Vodafone Idea on Monday paid 2,500 crore towards dues related to adjusted gross revenue (AGR) and deposited an additional 1000 crore today
  • The development comes after Supreme Court on Friday pulled up Bharti Airtel, Vodafone Idea as well as officials of DoT for delaying the payment of dues

Poster put up showing a picture of USA President Donald Trump and Prime Minister Narendra Modi, ahead of Trump's two-day visit to India, in Ahmedabad.  (ANI )
Poster put up showing a picture of USA President Donald Trump and Prime Minister Narendra Modi, ahead of Trump's two-day visit to India, in Ahmedabad. (ANI )

DRDO anti-drone system to be deployed for Trump-Modi roadshow

  • Donald Trump and PM Narendra Modi will take part in a 22km-long roadshow in Ahmedabad and jointly address a gathering at the newly- built cricket stadium in Motera
  • The DRDO system is equipped to instantaneously detect and identify drone threats and terminate them

Photo: AP
MEA Spokesperson Raveesh Kumar (Photo: ANI)
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A man casts a silhouette onto an electronic screen displaying a Vodafone logo, in Mumbai, India. Photo: Reuters
SBI Cards IPO will close on March 5
ColorOS will introduce a dark mode for Oppo phones
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Aircel Maxis case involves former Union Minister P Chidambaram and his son Karti.Photo: Mint
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