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Friday
December 2019
12:36 AM IST
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Business News
Bharti Airtel shares slip over 1 pc on rating concerns
 
New Delhi: After hitting 52-week high in previous session, shares of Bharti Airtel on Tuesday fell over 1 per cent after Moody's said AGR dues are credit negative for the telecom operator.

The stock was trading 1.32 per cent down to Rs 452.50 on the BSE.

On the NSE, the stock declined 1.46 per cent to Rs 451.90.

Adjusted gross revenue dues on Bharti Airtel are credit negative for the telecom operator despite a two-year moratorium given by the government on spectrum payment and the firm's plan to raise mobile call and data charges, credit rating agency Moody's Investors Service said on Monday.

According to data from the government, the liabilities in the case of Bharti Airtel add up to nearly Rs 35,586 crore, of which Rs 21,682 crore is licence fee and another Rs 13,904.01 crore is the spectrum usage charge due (excluding the dues of Telenor and Tata Teleservices).

Meanwhile, shares of Vodafone Idea were trading at Rs 9.37 apiece, down 9.37 per cent on the BSE.

The stock slumped 9.62 per cent to Rs 7.05 on the NSE.


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RBI keep repo rate unchanged
Saudi Aramco raises USD 25.6 bn in largest-ever IPO
Rupee ends steady ahead of RBI policy outcome
Three directors of PMC Bank arrested
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Rupee pares initial losses, settles 8 paise higher at 71.66 a dollar
Tax cut aimed at attracting investment, generating jobs:FM
GST revenue collection crossed Rs 1 lakh cr in November
KERALA NEWS
Kerala shocked by plight of poor mother, six children
 Thiruvananthapuram: This hapless mother was unable to find food to fill the little stomach of her ch  
Kerala: Youth hurled down by Policeman during vehicle checking, seriously injured
Kerala High Court takes suo moto case against lawyers protested against magistrate
School girl killed of snakebite: Separate demonstrations by YC, SFI turns violent, police resorts to lathicharge
INTERNATIONAL NEWS
US military convoy in Afghanistan targeted by car bomb
 Kabul: An Afghan official says a powerful suicide bombing has targeted a US military convoy near the
First commercial electric plane takes flight in Canada
Trump meets Russia's Sergey Lavrov, warns against attempt to interfere in 2020 elections: WH
2 Algeria ex-PMs get heavy jail terms in graft trial
NATIONAL NEWS
Debt-ridden farmer commits suicide in Maharashtra
 Nagpur: A debt-ridden farmer allegedly committed suicide in Nagpur district of Maharashtra on Wednes
SC to consider appointing ex-apex court judge to enquire into Hyderabad encounter
Detained leaders in J&K to be released by local administration, Situation normal: Shah
Passage of Citizenship Amendment Bill is attack on Indian Constitution, says Rahul Gandhi
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