AGR Panel Cuts VI Dues By Rs 27,000 Crore The Telecom Disputes Settlement and Appellate Arbitration Mechanism (TDSAT) has ordered a reduction of around Rs 27,000 crore in the dues payable by Vodafone Idea Limited (VI) to the Department of Telecommunications (DoT). The order comes as a relief to VI, which has been struggling to stay afloat due to the massive debt it inherited after merging with Idea Cellular and acquiring Vodafone India. The TDSAT's decision is based on its interpretation of the Supreme Court's judgment in the AGR case. In 2020, the SC had upheld the DoT's calculation of adjusted gross revenue (AGR) dues payable by telecom operators, but left room for some adjustments to be made. VI had argued that the DoT's calculations were incorrect and sought a reduction in its dues. The TDSAT has now accepted VI's plea and reduced the company's AGR dues by around Rs 27,000 crore. The order is a significant development for VI, which has been seeking relief from the massive debt it inherited after merging with Idea Cellular and acquiring Vodafone India. The company had claimed that its AGR dues were incorrect and that it was not in a position to pay such a large amount. VI's debt burden has been a major concern for investors and analysts, who have questioned the company's ability to stay afloat. The reduction in AGR dues will provide some relief to VI, but the company still faces significant challenges in paying off its debts. VI has already defaulted on several loan payments and has sought waivers from lenders. The TDSAT's order is also seen as a blow to the DoT, which had been seeking to recover as much of the AGR dues as possible. The DoT had calculated VI's ...#Supreme_Court #Bharti_Airtel #Vodafone_Idea_Limited #Department_of_Telecommunications #TDSAT #AGR_case #Idea_Cellular #Vodafone_India #Reliance_Jio
Mazagon Dock Shipbuilders among 4 stocks showing bullish RSI upswing The market has been witnessing a surge in certain stocks, and Mazagon Dock Shipbuilders is one of them. The company's stock price has been rising steadily, and its Relative Strength Index (RSI) has shown a significant upswing. This trend is being monitored closely by investors who are looking to make informed investment decisions. The RSI is a technical indicator that measures the speed and change of price movements. It is considered an important tool for traders as it helps identify overbought or oversold conditions in the market. In the case of Mazagon Dock Shipbuilders, its RSI has been rising steadily over the past few weeks, indicating a bullish trend. The company's stock price has risen by over 10% in the last one month, and its RSI has reached an all-time high. This suggests that the stock is gaining momentum and could continue to rise further. Investors who have been following this trend may want to consider buying or holding onto their shares of Mazagon Dock Shipbuilders. Other stocks that are showing a bullish RSI upswing include Hindustan Aeronautics, Larsen & Toubro, and Bharti Airtel. These companies have also seen their stock prices rise significantly over the past few weeks, and their RSIs have reached high levels. This suggests that these stocks could continue to perform well in the coming days. It is important for investors to remember that the RSI is just one tool among many that can be used to analyze market trends. It should not be relied upon solely, but rather used in conjunction with other indicators and fundamental analysis to make informed investment decisions.#Hindustan_Aeronautics #Larsen_and_Toubro #Mazagon_Dock_Shipbuilders #Bharti_Airtel
