The court has accepted the CBI's chargesheet against ex-Telecom Secretary Shyamlal Ghosh, Sunil Mittal and Asim Ghosh. ...
03:58 PM, Mar 19, 2013
Shares nosedived on Tuesday as the DMK party's decision to pull out of the ruling UPA rattled investors, overshadowing the Reserve Bank of India's move earlier in the day to cut the benchmark repo rate by 25 basis points. The 30-share BSE Sensex crashed 285.10 points to end the day at 19008.10, and the 50-share Nifty fell 89.30 points to finish at 5745.95. ...
09:41 AM, Mar 19, 2013
The Prime Minister's Office (PMO) on Monday termed as "factually incorrect" a media report which suggested that it had agreed with the then Telecom Minister A Raja's actions in 2007 before 2G scam and said the notings cited in the report could not be construed as the Prime Minister or his office looking the other way. ...
09:45 PM, Mar 18, 2013
A key witness in the 2G trial has testified in favour of DMK MP and accused Kanimozhi. P Amritam, the Chief Financial Officer of KTV told the court that Kanimozhi joined KTV at her father Karunanidhi's behest and that she was not involved in the company's day to day affairs. ...
06:16 PM, Mar 15, 2013
The government will get around Rs 3,639 crore from the 2G spectrum auction for CDMA services, which ended on Monday with Russian conglomerate Sistema's Indian unit SSTL being the only bidder. ...
01:40 PM, Mar 11, 2013
The government has received bids worth Rs 3,639 crore from lone bidder Sistema Shyam Teleservices (SSTL) till the second round of the 2G spectrum auction for CDMA services. Sources said bids were received for three blocks in each of eight circles, including Delhi. There was no bid for Mumbai, they added. ...
12:53 PM, Mar 11, 2013
Lone bidder Sistema Shyam Teleservices (SSTL) on Monday bid for eight circles in the 2G spectrum auction for CDMA services. The second round of auction is underway and it is expected that it will end by the third round, which could be the shortest online sale of radiowaves in terms of time consumed. ...
11:00 AM, Mar 11, 2013
The Joint Parliamentary Committee (JPC) looking into the 2G scam has given former telecom minister A Raja the option of giving a written explanation on Attorney General GE Vahanvati's charges in the case. The explanation will be part of the JPC's records. The JPC report on the case is likely to be submitted in the first week of May. ...
12:18 PM, Mar 08, 2013
Attorney General GE Vahanvati has reiterated his earlier statements that a press release allegedly approved by him in connection with 2G spectrum allocation. ...
01:49 PM, Feb 27, 2013
Vodafone, which has not applied for taking part in spectrum auction in March, on Tuesday said the reserve price set is too high and the company cannot afford to pay in India where there is uncertainty about airwaves and revenues are low. ...
04:06 AM, Feb 27, 2013
Former telecom minister and a prime accused in the 2G spectrum scam case, A Raja will not be deposing in front of the Joint Parliamentary Committtee (JPC), sources said on Tuesday. ...
12:12 PM, Feb 26, 2013
In the latest development in connection with the 2G spectrum allocation case, a Central Bureau of Investigation (CBI) witness has identified the signature of Reliance ADAG chairman Anil Ambani on some documents. ...
08:19 PM, Feb 25, 2013
The second round of 2G spectrum sale is virtually set to be a flop show as there is no applicant for GSM band of radiowaves while Sistema Shyam is the only firm for CDMA band at close of deadline on Monday for applying to take part in the auction. While no application was received for the GSM band spectrum at the close of deadline, Russian Sistema's Indian joint venture, Sistema...
07:29 PM, Feb 25, 2013
The DMK will back former telecom minister A Raja if the issue of his request to appear before the Joint Parliamentary Committee as a witness on the 2G case is raised at the UPA Coordination Committee meeting here on Tuesday. ...
03:58 PM, Feb 24, 2013
Former Telecom Minister A Raja on Saturday wrote to Speaker Meira Kumar demanding that he be allowed to appear before the Joint Parliamentary Committee which is probing the 2G scandal. Blamed for a number of issues in the 2G scam, Raja wants to tell his side of story. ...
03:45 PM, Feb 23, 2013
The Centre on Friday informed the Delhi High Court that the renewal of licences for 900 MHz spectrum of three leading mobile service operators would be decided within two weeks. "The government will decide their applications (for renewal of licences) within two weeks as per the law," Additional Solicitor General (ASG) AS Chandhiok told a bench of Justice Rajiv Shakdher. ...
06:15 PM, Feb 22, 2013
In the 2G case, the Supreme Court is likely to pronounce an order on Thursday on the constitution of the team that will probe the contents of the tapes that contain conversations between former corporate lobbyist Nira Radia and others. ...
08:20 AM, Feb 21, 2013
Widening its probe into the 'taped' conversation between Central Bureau of Investigation prosecutor AK Singh and Unitech Managing Director Sanjay Chandra, the investigating agency on Wednesday questioned Swan and DB Realty promoter Shahid Balwa. ...
12:14 AM, Feb 21, 2013
Swan and DB Realty promoter Shahid Balwa on Wednesday reached the Central Bureau of Investigation headquarters in Delhi after the investigating agency summoned him for questioning in connection with the audio recordings of purported conversation between the CBI prosecutor AK Singh and another 2G scam accused Unitech Managing Director Sanjay Chandra. ...
05:31 PM, Feb 20, 2013
The Central Bureau of Investigation (CBI) has now summoned Swan and DB Realty promoter Shahid Balwa to join investigations in the 2G collusion. The net in the 2G collusion, exposed by CNN-IBN, has widened after Balwa has been asked to join CBI investigations. ...
10:34 AM, Feb 20, 2013
