India's Supreme Court rejected a request by telecom companies including Vodafone Idea and Bharti Airtel to correct alleged errors in calculating the license fee they owe to the government, television channel NDTV Profit reported on Thursday.

Supreme Court rejects telecom companies' plea to recalculate licence fees, leading to stock price drops for Vodafone Idea and Indus Towers.

India's top court on Thursday rejected a request by telecom companies to recalculate the dues they owed the government, sending shares of debt-saddled Vodafone Idea and its peers down. Analysts at ICRA estimate that Vodafone Idea and Bharti Airtel owe 1 trillion rupees ($12 billion) in past dues,

Bharti Airtel and Vodafone Idea were among the telcos which filed the curative petition, alleging grave error in the calculation of dues