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GM's Daewoo unit buy plan may hit Govt roadblock
THE proposed sell-off of Daewoo Motors' Surajpur assembly unit to General Motors may run into trouble, with the erstwhile company's liabilities to the Government becoming a roadblock to the deal. According to sources, the Government is keen to ...
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SC allows DD to telecast matches — Reserves verdict on Zee petition
THE Supreme Court on Tuesday reserved its verdict on the maintainability of a writ petition filed by Zee Telefilms challenging the cancellation of the contract awarded to it by the Board of Control for Cricket in India. A five-member ...
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DoT to penalise Reliance if found violating norms
THE Department of Telecommunications (DoT) on Tuesday said that it would penalise Reliance Infocomm if it is found that the company has violated licence norms in the manner in which it was routing international long distance calls. Senior ...
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Actis makes open offer for Swaraj Mazda
ACTIS Capital LLP, a UK-based buyout firm, on Tuesday said that two of its units are making an open offer to acquire 25 per cent additional stake in Swaraj Mazda Ltd (SML). The two units - CDC Agribusiness Management Ltd and South Asia ...
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Indian airlines allowed to fly to UK and beyond
COME, fly with me to the United Kingdom and onwards, to the cities in Europe, the US and Canada and the exotic locales in the Caribbean and beyond. This could well be the catch line for airlines from India as they prepare to start more direct ...
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Writing off NTPC dues — Home, Power Ministries at loggerheads
THE Union Home Ministry has proposed to write off Rs 2,023 crore of its dues to the National Thermal Power Corporation (NTPC), besides another Rs 9,426 crore owed to the Railways and public sector coal companies. Opposing this move, the Power ...
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Karnataka HC suspends CLB order on BPL Comm
THE Karnataka High Court on Tuesday suspended the Company Law Board's September 29 interim order on BPL Communications subject to the condition that the Board should decide whether it can entertain the dispute between the petitioners and the ...
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Summons issued to Lodha, others in Birla case
MD. Mumtaz Khan, Chief Judicial Magistrate of South 24 Parganas, Alipore, today issued summons against Mr R.S. Lodha, Mr S.N. Prasad, Mr V. Gouri Shankar and Mr S.K. Daga, all members of the M.P. Birla Trustee Board, following a petition filed ...
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