Airtel, Vodafone Idea and other telecom operators may have to pay the government a whopping Rs 1.42 lakh crore in three months.
Supreme Court in its October 24 order has clearly settled the base on which statutory levies have to be paid, said Reliance Jio.
BSE, NSE had sought clarification from Vodafone Idea over the rumours of the telecom operator exiting the Indian market.
Shares of Vodafone Idea slumped 8.66 per cent to Rs 3.48 apiece - its 52-week low - on the BSE.
Indian government has created a panel to work out a financial bailout package that may include lowering of spectrum charges.
Vodafone Idea plummeted 23.36 pc to close at Rs 4.33 on the BSE. In intra-day, it tanked 27.43 pc to Rs 4.10 -- its 52-week low.
India's telecom sector has witnessed a churn with stiff competition, especially after the entry of Reliance Jio.
Minister Ravi Shankar Prasad told parliament that six proposals have been received for 5G trials, including from Huawei.
An oil-to-chemical strategy was developed by Reliance to transition the Jamnagar refinery from fuels producer to chemicals producer.
'BharatNet' project is being implemented to offer broadband connectivity to all 2.5 lakh Gram Panchayats (GPs) in India.