Bharti Airtel surges 5%, hits new high after SC rejects telcos’ plea

Shares of Bharti Airtel jumped 5 for each cent to a fresh new lifetime superior of Rs 565 on the BSE on Friday as investors guess on a potential duopoly in the Indian telephony market place immediately after the Supreme Courtroom right now rejected the telcos’ critique plea on modified gross revenues (AGR) payments.

In a big setback for the telecom corporations, the Supreme Courtroom rejected the plea in search of new program of AGR payments. Coming down intensely on the Department of Telecommunications (DoT) for not using coercive motion versus telcos for failing to repay, the apex court docket ordered contempt proceedings versus Bharti Airtel and Vodafone Concept. Simply click Listed here TO Read THE Full REPORT

The inventory of the telecom providers service provider bounced back again six for each cent from its intra-day small of Rs 535 on the BSE. It surpassed its previous superior of Rs

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