Drug Safety Settlement

A Ranbaxy office building is pictured in the northern Indian city of Mohali May 14, 2013. Indian generic drugmaker Ranbaxy Laboratories Ltd pleaded guilty on Monday to felony charges related to drug safety and will pay $500 million in civil and criminal fines under the settlement agreement with the U.S. Department of Justice. The settlement is its largest-ever with a generic drugmaker over drug safety, according to the U.S. government. It includes $150 million in payments for a criminal fine and forfeiture and $350 million in payments for civil claims. REUTERS/Ajay Verma (INDIA - Tags: HEALTH BUSINESS)

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Court halts airwave surcharge demand on Idea Cellular

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Sun rises over the telecommunication towers in New Delhi December 22, 2007. REUTERS/B Mathur/Files

Sun rises over the telecommunication towers in New Delhi December 22, 2007.

Credit: Reuters/B Mathur/Files

MUMBAI | Thu Jan 24, 2013 5:52pm IST

MUMBAI (Reuters) - The Bombay High Court has asked the government to not take any coercive action against Idea Cellular Ltd (IDEA.NS) until March 1 on a demand to pay surcharges on airwaves, the mobile phone operator said on Thursday.

Idea, the country's No.3 mobile phone carrier by revenue, had appealed the order after the telecommunications ministry sent notices to carriers asking them to pay the surcharges.

The government is imposing the surcharges totalling more than $4 billion on long-established carriers including Bharti Airtel Ltd (BRTI.NS) and Vodafone Group Plc's (VOD.L) local unit, after an overhaul in the airwave sale process.

But carriers have challenged the move saying it violates the conditions of their licence agreements with the government.

(Reporting by Aradhana Aravindan; Editing by Gopakumar Warrier)
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