Supreme Court rejects plea for relief on $13 billion telco levy; Vodafone tumbles

A view of the Supreme Court building is seen in New Delhi December 7, 2010. REUTERS/B Mathur/Files

NEW DELHI (Reuters) – Shares of Vodafone Idea fell as much as 40% on Friday, losing $975 million in market value, after India’s top court rejected mobile carriers’ petitions for a review of its order to pay billions of dollars in levies to the government. India’s mobile carriers had filed petitions to review an October […]

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