3G: Centre restrained from taking steps against Vodafone, Idea

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In a breather for Vodafone and Idea Cellular, the Delhi High Court today restrained the Centre from taking any “coercive steps” against the telecom majors which have been asked to pay penalty of Rs 550 crore and Rs 300 crore respectively for providing 3G services outside their circles without requisite licences. Justice Rajiv Shakdher, referring… Read more »

Mittal, Ruia appear in Delhi court in a 2G spectrum case

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Bharti CMD Sunil Mittal and Essar group promoter Ravi Ruia today appeared in a Delhi court which posted the matter for further proceedings on April 16. Sunil Mittal and Ravi Ruia have been summoned as accused in the additional 2G spectrum allocation case. Mittal’s counsel placed before special CBI judge O P Saini the order passed by the Supreme Court postponing till April 16 the proceedings in the case…. Read more »

DGCA told to deregister 2 Kingfisher aircraft

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DVB Aviation Finance Asia PTE Ltd is going to lease by German aircraft today after won a legal battle against grounded Kingfisher Airlines with the Delhi High Court asking aviation regulator DGCA to deregister two leased-out planes lying at Istanbul in Turkey German aircraft leasing firm DVB Aviation Finance Asia PTE Ltd today won a legal battle… Read more »

SC agrees to give early hearing to SEBI plea against Sahara

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Here in New Delhi to give an early hearing to SEBI’s plea seeking its permission to detain Sahara Group’s chairman Subrata Roy Sahara the Supreme Court has got agreed and also to initiate contempt proceedings against him for not complying with its orders to refund Rs. 24,000 crore to investors. A bench headed by Justice K S Radhakrishnan posted the… Read more »

Apollo Tyres may buy US tyre veteran Cooper Tire

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New Delhi – April 4, 2013 – Apollo Tyres Ltd, one of the leading rubber and tyre company of India is trying for a big deal with US based major tyre company Cooper Tire & Rubber Co. As per industry sources Mr.Onkar Kanwar, MD of Apollo Tyres Ltd. is frequently visiting US and in regular… Read more »

SC agrees to hear Mittal’s plea against summons

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The petition of the Bharti Airtel chairman Sunil Mittal  has been accepted by the Supreme Court to challenging a special court’s summons to him to appear before it as an accused in the 2G spectrum allocation case here in New Delhi. The bench headed by Chief Justice Altamas Kabir posted the matter to 8 April. Special court judge O.P. Saini had… Read more »

Sunil Mittal moves SC against 2G court’s order

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Sunil Bharti Mittal who is the CMD of the Bharti Cellular Pvt. Ltd. has approached to the Supreme court of India to challenge the March 19 order of the special 2G court summoning him as an accused in a corruption case related to allocation of additional spectrum during the NDA regime in 2002. Mr. Mittal, whose… Read more »

SEBI tightens noose around Sahara Group chief

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SEBI moved to the Supreme Court for the house arrest of Sahara Group Chairman Subroto Roy for not refunding of Rs 24,000 crore money belonging to investors in his companies. It has been also asked by the Securities and Exchange Board of India (SEBI), in its application, to impound the passport of Roy and two other… Read more »

Court reserves order on plea against Mittal in telecom case

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Today here in Delhi a court reserved the orders on taking cognizance of a complaint by an NGO accusing the CBI of “hiding” facts allegedly showing involvement of Bharti Airtel Chairman Sunil Mittal in the case of additional spectrum allocation during the NDA regime. Special CBI Judge O P Saini, who is trying the 2G spectrum… Read more »