The Supreme Court on October 24 ruled against the telcos in a 14-year-old dispute on the definition of adjusted gross revenue (AGR) which forms the basis for payment of statutory dues. The court ruled that non-telecom revenues should be included in AGR for payment of licence fee and spectrum usage charge.
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In July, HCL Technologies had announced a Rs 4,000 crore buyback programme for FY19 at a price of Rs 1,100 per equity share.
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