Vodafone will have 45 days to seek a settlement after being notified of the new guidelines.
The rules further added that companies will have to file a declaration with the income tax authorities along with a board resolution
China's Evergrande effect will need to be monitored as its collapse can lead to some negative ripple effects
Cairn has asked to remove the clause that states the interested parties are required not to seek claims after disputes are resolved.
Bharti Airtel and Vodafone Idea during the last few weeks have increased tariffs in certain limited segments.
The government has to refund about Rs 8,100 crore that it had collected using the retro tax law. The bulk of this -- Rs 7,900 crore is to Cairn Energy
The structure of markets is bullish, Nifty looks set to hit 16,800 and the downside looks capped
The finance ministry has asked public sector banks to collate and submit data related to their debt exposure to the telecom sector.
Overnight, the decision removes the nagging spectre from the minds of prospective foreign investors about the ease of doing business in India
The stock market did not react much to the announcements since the major announcements were widely expected and were priced in