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Devas Multimedia

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Devas wins plea to seize Indian property in cancelled Isro deal

A French court has ordered freezing of an Indian government property in Paris on a plea by Devas shareholders who are seeking to enforce a USD 1.3 billion arbitration award over a cancelled......

M G Chandrasekhar steps down as Devas chairman

Amid its standoff with Antrix, Devas Multimedia has witnessed a change of guard at the helm with former Indian Space Research Organisation official M G Chandrasekhar stepping down as chairman of......

Antrix-Devas case: Court grants time to CBI for getting sanctions

A special court on Friday granted Central Bureau of Investigation time till September 29 for getting appropriate sanction from authorities concerned to prosecute former senior officials in......

Setback for ISRO's Antrix; court orders it to pay $672 million as damages to Devas

In a jolt to Indian Space Research Organisation’s commercial arm, Antrix, an international tribunal has asked it to pay damages worth $672 million (Rs 4,432 crore) to city-based firm Devas......

US court asks ISRO arm Antrix to pay $1.2bn to Devas for cancelled deal

A US court has asked Antrix Corporation, the commercial arm of Indian Space Research Organisation, to pay a compensation of USD 1.2 billion to a Bengaluru-based startup, Devas Multimedia, for......

Antrix dispute: Devas seizes $87,457 cash in US

Devas Multimedia has seized $87,457.47 cash that ISRO's commercial arm Antrix Corporation held in the US as it looked to enforce a $1.2 billion compensation it had won over a cancelled satellite......

Devas shareholders to continue seizing Indian assets abroad

Unfazed by the Supreme Court upholding winding up of the company, shareholders of Devas Multimedia will continue to seek seizure of Indian government assets abroad to collect $1.2 billion the firm......

Scrapping of Devas deal worries investors

The annulment of Devas Multimedia's deal with Antrix, the commercial arm of Indian Space Research Organisation, has not only taken the Devas management by surprise but also raised concerns among......

UPA's Antrix-Devas deal a 'fraud against country', says Sitharaman

The government will use the Supreme Court order calling the 2005 deal between ISRO's commercial arm Antrix and privately-owned Devas Multimedia a fraud, to counter seizure of its properties,......

Devas waiting for ISRO delivery

Devas Multimedia, whose deal with Antrix for S-band spectrum has triggered a storm, said on Thursday it had all "appropriate approvals" from the government for its business.Devas President and CEO......

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