Vodafone case: Govt not to challenge HC order

Wooing overseas investors, government on Wednesday decided against challenging the Bombay High Court decision favouring Vodafone in the Rs 3,200 crore (Rs 32 billion) tax case and adopt a similar......

India entry may get tougher for foreign telecom firms

The government has proposed to make security clearance mandatory for foreign telecom companies, irrespective of the equity they intend to own in their Indian venture. At present, foreign telecom......

Bankruptcy will influence M&A trend in 2018

Banks have Rs 10 trillion in stressed assets - Rs 7.8 trillion of bad loans and Rs 2.2 trillion of restructured ones. On the first day of the year when most are on holiday, Sourav Mallik, joint......

Additional spectrum: Hearing against Mittal, Ruia on April 4

The hearing in the additional spectrum case, in which Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and others have been summoned as accused, was today fixed for April 4 by a......