SC rejects telecom firms’ pleas in AGR case; Vi shares plunge 10%

In a major setback for telecom companies, the Supreme Court on Thursday dismissed a batch of curative petitions filed by telecom giants, including Vodafone Idea (Vi) and Bharti Airtel, in the ongoing Adjusted Gross Revenue (AGR) dispute. The pleas aimed to rectify what the companies called ‘arithmetical errors’ in the Department of Telecommunications’ (DoT) calculation of AGR dues, reported The Economic Times.