India's top court rejects telecom firms' plea to recalculate dues owed, Mint reports
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Feb 14 2025
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Source: Reuters
Supreme Court Decision: India's Supreme Court has denied telecom companies' request to recalculate their dues owed to the government, impacting the financial outlook of these firms.
Market Reaction: Following the court's ruling, shares of Vodafone Idea fell by 4.6%, while Bharti Airtel experienced a slight decline of 0.2%.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
