Supreme Court Rejects Telecoms' Plea To Recalculate Dues Owed To Centre

In a setback for telecom companies, the Supreme Court dismissed the applications filed by telecom majors, including Vodafone Idea, Bharti Airtel and Tata Teleservices, for recomputing adjusted gross revenue (AGR) owed to the government. Telecom companies had moved the Supreme Court last year seeking modification in the top court's verdict in the AGR matter.