In the 14-year old 92,000 crore telecom dispute, the Supreme Court has in a major blow ruled in favor of the government stating that India’s telecom operators will have to include non-core revenue to calculate dues it owes to the government, setting their share prices tumbling. This outcome in favour of the government will also strengthen its case for a one-time spectrum charge. Although spectrum charges weren’t part of the case in the Supreme Court, a favourable order on the definition of adjus...
