Industry body COAI has urged the government for financial reforms in the telecom sector, making a strong pitch for cuts in levies, doubling the tenure of auctioned radio wave holdings, along with a 7-10 year moratorium for spectrum payments, to address viability concerns. The Cellular Operators' Association of India (COAI) has written to Telecom Secretary Anshu Prakash, amid an existential struggle of mobile operator Vodafone Idea in a three-private player market.

India's second-largest telecom operator Bharti Airtel had filed a similar petition in the Supreme Court earlier as well but the court disallowed any rectification of 'arithmetical errors' in the calculation of AGR dues.

The US Securities and Exchange Commission (SEC) has come up with a regulatory agenda to bring in more regulation as far as environmental, social, and governance (ESG) disclosures are concerned.

Under the deal, OYO will issue 5 equity shares of the face value of Rs 10 each for cash at an issue price of India rupee equivalent of USD 58,490 per equity share. Moreover, the meeting approved the issue of 80 Series F2 CCCPS of the face value of Rs 100 each for cash at an issue price of rupee equivalent of USD 58,490 per Series F2 CCCPS.