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-Devas deal: India to appeal against Hague tribunal's verdict

India will appeal against the verdict of the Hague tribunal in Antrix-Devas deal case, in which the international court had declared the annulling of the contract as "unfair" and "inequitable" and......

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......

Scientists made "scapegoats" in Antrix Devas case: Madhavan Nair

Former ISRO Chairman G Madhavan Nair on Thursday said scientists have been made "scapegoats" in the Antrix-Devas case after he was named in the chargesheet by the Central Bureau of Investigation.......

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......

What Cairn, Vodafone, Devas reveal about the Indian State

The Indian State's arbitrariness may have come to be accepted with resignation within the country, but when it behaves in the same manner with external players, it gets a push-back, notes T N Ninan......

How the Tatas finally brought Maharaja home

Tata Sons' Natarajan Chandrasekaran is an avid marathon runner. But what his firm has achieved recently with Air India takeover is nothing short of a 100-metre sprint. Before Chandra, as he is......