Supreme Court dismisses telecom companies’ plea on AGR dues owed to government
India’s Supreme Court on Thursday rejected a plea by telecom companies to recalculate debt owed to the government, sending shares of debt-laden Vodafone Idea and its peers tumbling. ICRA analysts estimated that Vodafone Idea and Bharti Airtel owed a total of 1 trillion rupees ($12 billion), including spectrum and licence fees, but did not reveal