Industry

Photo: Mint
RBI has restricted urban cooperative banks from offering large corporate loans through several changes to lending norms last month.
The churn of 22 mn heavy voice subscribers may have led to some adverse revenue impact this quarter (Mint )
The built-in insurance cover for its most affordable prepaid plan yet (Priyanka Parashar/Mint)
The US, the most profitable market globally for generic drugmakers, accounts for about  ₹55,000 crore in annual sales, or a third of total topline of Indian firms
Bharti Airtel, which has to pay  ₹35,586 crore to the govt by 24 Jan, and Vodafone Idea, which owes the govt  ₹50,000 crore, had on Thursday also said they were evaluating filing curative petitions (Photo: Mint)
Bharti Airtel, which has to pay 35,586 crore to the govt by 24 Jan, and Vodafone Idea, which owes the govt 50,000 crore, had on Thursday also said they were evaluating filing curative petitions (Photo: Mint)

AGR issue: Airtel, Vodafone Idea jointly file modification application in SC

  • Bharti Airtel, Vodafone Idea seek more time to pay adjusted gross revenue related dues
  • The Supreme Court last week dismissed pleas of these operators to review its earlier judgement that had asked telecom operators to pay over 1 trillion in AGR dues

Supreme Court of India. (Photo: Mint)
The logos will be updated. The most conspicuous change is the erasure of the word 'Fox' from the logo marks (Photo: Reuters)
Following the SC verdict in Oct last year, the DoT estimated that the total liability of 15 telecom companies, including penalties and interest, would be  ₹1.47 trillion
Following the SC verdict in Oct last year, the DoT estimated that the total liability of 15 telecom companies, including penalties and interest, would be 1.47 trillion

DoT examining if 23 Jan deadline for AGR payment applies to non-telecom PSUs

  • The PSUs too have been asked to make payments related to statutory liabilities
  • DoT has estimated over 2.4 tn in liability for non-telecom firms, including GAIL, PowerGrid, which had taken licences to trade broadband on optic fibre running along their pipelines, transmission lines

The insurance cover is available to customer aged 18-54 years and requires no paperwork or medical test (Photo: Pradeep Gaur/Mint)
The insurance cover is available to customer aged 18-54 years and requires no paperwork or medical test (Photo: Pradeep Gaur/Mint)

Airtel announces 179 prepaid bundle with built-in life insurance cover

  • The Airtel new prepaid plan offers unlimited calling to any network, 2 GB data, 300 SMS along with a term life cover of 2 lakh from Bharti AXA Life Insurance
  • The pack has a validity of 28 days and is targeted at entry-level users users in semi-urban, rural markets

Hyundai Motor India exported 1,44,982 units to overseas markets during the period under review, up 15.17% over the same period last fiscal (Photo: Mint)
Hyundai Motor India exported 1,44,982 units to overseas markets during the period under review, up 15.17% over the same period last fiscal (Photo: Mint)

Passenger vehicle exports rise 6% in Apr-Dec, Hyundai, Ford lead the pack: SIAM

  • Passenger vehicle exports stood at 5,40,384 units in the Apr-Dec period of the current fiscal as compared with 5,10,305 units in the same period of 2018-19
  • Hyundai Motor India led the segment, followed by Ford India and Maruti Suzuki at the 2nd and 3rd positions, respectively

Morgan Stanley CEO James Gorman will receive $27 million for 2019. Photo: Bloomberg
The report by Wunderman Thompson Intelligence forecasts 100 brand marketing and consumer trends that will shape the decade
The report by Wunderman Thompson Intelligence forecasts 100 brand marketing and consumer trends that will shape the decade

Climate conscious brands to dominate this decade: Report

  • The finding is part of ‘The Future 100’ report released by Wunderman Thompson Intelligence, the innovation arm of the WPP Plc-owned advertising agency
  • Among other trends seen to proliferate is the greater need for privacy where brands are becoming more conscious about the consumer data they collect

If Vodafone Idea goes bankrupt, Bharti Airtel will be best placed to absorb a chunk of 2G and 3G users given that Reliance Jio is a pure 4G network (Photo: Pradeep Gaur/Mint)
If Vodafone Idea goes bankrupt, Bharti Airtel will be best placed to absorb a chunk of 2G and 3G users given that Reliance Jio is a pure 4G network (Photo: Pradeep Gaur/Mint)

Little chance of govt relief, telecom headed for duopoly: Analysts

  • Apart from the high risk of Vodafone Idea going bankrupt, ripples of the decision are set to hit the overall investment appetite of operators, say analysts
  • Bharti Airtel, despite its liabilities to the government, will actually benefit in the long run in a two-player market

The Banker poster (Wikipedia)
This image released by Universal Pictures shows Dr. John Dolittle, portrayed by Robert Downey Jr., right, with Jip, voiced by Tom Holland, in a scene from 'Dolittle' (Photo: AP)
This image released by Universal Pictures shows Dr. John Dolittle, portrayed by Robert Downey Jr., right, with Jip, voiced by Tom Holland, in a scene from 'Dolittle' (Photo: AP)

Friday Film Wrap: ‘Jai Mummy Di,’ ‘Dolittle’ compete in theatres

  • Epic war film 1917 is the other Hollywood release the Robert Downey Jr-starring Dolittle will have to contend with
  • Pattas, with Dhanush as lead, and Big Brother, starring Mohanlal, are the big regional releases of the week

India is open to discussing ways to help ease the payment of these dues by wireless carriers, according to govt sources. Photo: Priyanka Parashar/Mint (Priyanka Parashar/Mint)
Stephen Gaghan steps out of his comfort zone and clearly does not find his feet in a lighter, infantile live action animated feature
'A Beautiful Day in the Neighborhood' has a simple, slightly self-defeating, foundation
The industry continues to face severe financial stress and the outcome could further erode the viability of the sector as a whole.
The industry continues to face severe financial stress and the outcome could further erode the viability of the sector as a whole.

Airtel, Vodafone Idea mull curative plea to stall 1.47 trillion dues on telcos

  • TheDoT estimated that the total liability of 15 telecom companies, including penalties and interest, would be 1.47 trillion
  • Industry body COAI said the dismissal of the review petition is the last straw in contributing to financial distress