New Delhi: Countering former Aircel chief C Sivasankaran's charge on Monday, DMK leader Dayanidhi Maran said he never forced or arm-twisted the former Aircel chief to sell his business when he was the telecom minister. Countering former Aircel chief's charge, Maran questioned why Sivsankaran didn't go to court. "I will prove my innocence (on Aircel controversy)," claimed Maran. "I am not going to react on any speculation. I want to...
05:34 PM, Jun 06, 2011
New Delhi: Aircel founder C Sivasankaran on Monday told the Central Bureau of Investigation (CBI) that he was forced to sell stake in his company after his applications for telecom licence was rejected in 2006 by former communications minister Dayanidhi Maran, sources said. Sivasankaran went to the CBI office in New Delhi on Monday on his own to meet officials investigating the 2G spectrum allocation from 2001 to 2007, and...
05:24 PM, Jun 06, 2011
Mumbai: Extending its gains on the bourses, shares of Sun TV Network, jumped by nearly 8 per cent on the National Stock Exchange (NSE) on Monday, after the company denied any involvement in the 2G scam. Media conglomerate Sun TV settled 7.20 per cent higher at Rs 303.85 on the Bombay Stock Exchange (BSE). In intra-day, the stock spurted by 7.93 per cent to touch a high of Rs 305.95....
05:13 PM, Jun 06, 2011
New Delhi: The CBI on Monday recorded statement of former Aircel chief C Sivasankaran in connection with its ongoing investigations in the second generation spectrum allocation scam during UPA-I regime. CBI sources said Sivasankaran was asked to meet its officials to clarify certain questions and series of events involving alleged irregularities in spectrum allocation to Aircel, a telecom firm founded by him and later sold to Malaysian firm Maxis. Sivasankaran...
01:12 PM, Jun 06, 2011
New Delhi: The government is understood to have left it to the CBI and JPC to look into the alleged irregularities in the grant of licences to Aircel, which is owned by Maxis Telecom of Malaysia, and the involvement of former Telecom Minister Dayanidhi Maran in it. Maran, who is now Textiles Minister from DMK, is facing allegations of bending rules for granting 14 licences to Dishnet Wireless (now Aircel)...
11:53 PM, Jun 03, 2011
Cho Ramaswamy Editor of 'Thuglak' speaks about the move made by the Jayalalithaa government to nationalise the cable distribution network. ...
10:57 PM, Jun 03, 2011
New Delhi: Union Textile minister Dayanidhi Maran on Friday hit back at the Opposition over the allegations that he set up a BSNL exchange for his SUN TV Network's use. Angry over the allegations, DMK chief Karunanidhi, on his 88th birthday, said, "Bad friendship could end in trouble". It could be a veiled warning to the Congress this after indications that his nephew too could be in trouble after a...
04:35 PM, Jun 03, 2011
New Delhi: Union Textile minister Dayanidhi Maran on Friday hit back at the Opposition over the allegations that he set up a BSNL exchange for his SUN TV Network's use. Angry over the allegations, DMK chief Karunanidhi, on his 88th birthday, said, "Bad friendship could end in trouble". It could be a veiled warning to the Congress this after indications that his nephew too could be in trouble after a...
04:35 PM, Jun 03, 2011
Copy of documents, available with Firstpost, that reveal that Astro had agreed to invest $ 166 million (approximately Rs 750 crore) in Sun Direct TV, more than a month before Dayanidhi Maran resigned as Union Minister of Communications and IT. In its quarterly report on consolidated results for the second quarter ended on 31 July 2007, Astro announces: "On 5 April 2007, Astro agreed to participate (in a) joint venture...
02:19 PM, Jun 03, 2011
Mumbai: Broadcasting firm Sun TV on Friday denied any involvement in the 2G scam and said allegations were being levelled to harm the reputation of the company and its promoters. There has been a steep fall in the prices of the company's shares possibly triggered by baseless allegations and rumours linking the company with certain happenings relating to the 2G scam. "We wish to inform that Sun TV Network and...
01:50 PM, Jun 03, 2011
Mumbai: Shares of Sun TV Network and SpiceJet bounced back on Friday from massive losses suffered in the previous session, surging by 13.85 and 8.69 per cent, respectively, in morning trade on the bourses. Maran family-owned media conglomerate Sun TV Network spurted by 13.85 per cent to touch an early high of Rs 309.80 on the BSE. The stock suffered a loss of 31.08 per cent during intra-day trade in...
11:57 AM, Jun 03, 2011
Chennai: The DMK chief M Karunanidhi, who is smarting under the Assembly poll debacle and fallout of the 2G spectrum scam that has brought his family under the scanner, on Friday turned 88, keeping his birthday celebrations on a low-key. "Bad friendship will end in trouble," the DMK patriarch said in a message to party cadres without elaborating. "Cadres who have dedicated themselves to social and political renaissance should keep...
11:09 AM, Jun 03, 2011
New Delhi: Union Textiles Minister Dayanidhi Maran broke his silence on Thursday and refuted allegations that he had misused his position as Telecom Minister. The latest Allegations suggest he misused his ministerial position to get free BSNL telephone lines for his brother's company Sun TV. It is alleged that he caused a loss of crores of rupees to BSNL by using government provided telephone connections for vested interests. The Central...
06:58 AM, Jun 03, 2011
Catch all the top stories of the day with Rajdeep Sardesai on India @ 9. ...
11:44 PM, Jun 02, 2011
Chennai: Union Textiles Minister Dayanidhi Maran on Thursday challenged the conspiracy theory over the allegations of pay-offs to family-owned Sun TV Network by Maxis Group in 2006, when he was the telecom minister. "I was in political wilderness when the deal happened. I should be given a chance to prove my innocence. There's a conspiracy against me," said Maran in a press conference in Chennai on Thursday. Maran was reacting...
08:48 PM, Jun 02, 2011
Lucknow: BJP on Thursday dismissed Textiles Minister Dayanidhi Maran's explanation on pay-offs to family-owned Sun TV Network and alleged that it was a simple case of "bribery and quid pro quo" as he gave licenses and allotted spectrum to Aircel in 2007 at 2001 rates. "Dayanidhi Maran's alibi that investment by Maxis company of Malaysia in Sun Direct TV after he ceased to be the Telecom Minister is all humbug....
05:29 PM, Jun 02, 2011
New Delhi: The DMK has hit back at Tamil Nadu Chief Minister J Jayalalithaa for demanding Textile Minister Dayanidhi Maran's resignation from the Union Cabinet over his alleged involvement in the 2G spectrum scam. The party said that she had no right to demand Maran's resignation as there are many corruption cases pending against her. "Jaya should make such demands keeping in mind the legal cases pending against her. People ...
04:43 PM, Jun 02, 2011
New Delhi: Shares in broadcaster Sun TV fell more than 31 per cent on Thursday after media reports said the founder's brother, Textiles Minister Dayanidhi Maran, was named in a lawsuit related to the telecoms probe, further embarrassing a coalition government mired in a series of scandals. The Central Bureau of Investigation (CBI) have started a "preliminary investigation" against Dayanidhi Maran, who was telecom minister from 2004 to 2007, an...
01:59 PM, Jun 02, 2011
Complete text of Union Minister of Textiles Dayanidhi Maran denying charges against him: PRESS STATEMENT BY THIRU DAYANIDHI MARAN, UNION MINISTER OF TEXTILES 1. I am quite surprised that some newspapers and TV Channels have of late been carrying some news item that during my tenure as Minister of Communications & IT during 2004-07; I was partial to a particular company in granting UASL licence. It is totally untrue and...
06:51 PM, Jun 01, 2011
New Delhi: Troubles mount for Union Textiles Minister Dayanidhi Maran as, sources say, the CBI will investigate the alleged links between Maran family-owned Sun TV and Maxis Group. As the CBI tightens its noose in the 2G scam, a worried Maran on Wednesday defended himself for the first time since the controversy erupted. In damage control, Dayanidhi Maran, after meeting Prime Minister Manmohan Singh, met Telecom Minister Kapil Sibal and...
05:41 PM, Jun 01, 2011
