New Delhi: Telenor Group is seeking indemnities from Unitech and a new local partner, reports CNBC-TV18's Siddharth Zarabi. There is no mention of the warranty claims or the amount that is sought as compensation. The press release talks about the share purchase agreement, share subscription agreement, at the time, when Telenor invested in this company. That, therefore, must definitely have a lot to say on that matter. Telenor is not...
08:47 AM, Feb 16, 2012
New Delhi: Concerned over the impact of the recent Supreme Court verdict cancelling 122 2G licences, Norwegian IT Minister Rigmor Aasrud has sought an appointment with her Indian counterpart to discuss the issue as the government braces itself up for diplomatic parleys. Aasrud, Norwegian minister of government administration, IT and church reforms, arrived in the national capital on Sunday on a "pre-scheduled visit". "The visit had been planned for more...
04:46 PM, Feb 06, 2012
New Delhi: The Supreme Court on Monday will hear the bail pleas of five corporate executives involved in the 2G scam. Unitech Wireless' MD Sanjay Chandra, Swan Telecom's Director Vinod Goenka and Reliance Anil Dhirubhai Ambani group's executives Hari Nair, Gautam Doshi and Surrendra Pipara will be appearing in court for the hearing. Meanwhile, CBI has instructed its lawyer to oppose their bail plea. On Sunday, the CBI decided to...
07:13 AM, Oct 31, 2011
New Delhi: The CBI will oppose the bail of five corporate executives in the Supreme Court which will hear their petitions on Monday, in connection with the 2G scam, days after it did not object to the bail pleas of DMK MP Kanimozhi and four others in the trial court. Sources in the investigating agency confirmed that it has instructed the lawyer to oppose the plea of corporate executives -...
10:05 AM, Oct 30, 2011
New Delhi: The Supreme Court (SC) will hear the bail plea of Unitech MD Sanjay Chandra on Friday in the 2G spectrum scam case. Chandra is currently in judicial custody for his alleged involvement in the 2G scam. The apex court is already hearing a plea for regular bail by Chandra. The CBI in its closing argument had said that no money trail that could implicate Unitech had been found....
07:43 AM, Sep 30, 2011
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11:05 PM, Aug 29, 2011
New Delhi: There seems to be some relief for Unitech Wireless in the 2G spectrum allocation scam with the Central Bureau of Investigation (CBI) saying that there was no quid pro quo by the company. The CBI in its closing argument also said that no money trail that could implicate Unitech had been found. However, since Unitech was granted licences without eligibility, the charges of cheating and criminal conspiracy still...
07:32 PM, Aug 29, 2011
New Delhi: The Supreme Court on Tuesday issued notice to the CBI seeking its response on the bail pleas of Unitech Wireless' Managing Director Sanjay Chandra and Director of Swan Telecom Vinod Goenka, accused in the 2G scam case. A bench comprising justices GS Singhvi and HL Dattu asked the agency to respond within two weeks. Both the accused have challenged the Delhi High Court order rejecting their bail pleas....
11:57 AM, Aug 09, 2011
New Delhi: Unitech Wireless on Monday told a Delhi court that all allegations levelled against it by the Central Bureau of Investigation (CBI) in the 2G spectrum allotment case are baseless. "On the basis of a vague statement given by a witness that he saw Sanjay Chandra, managing director of Unitech, at (former communication minister) A. Raja's residence, the charge of conspiracy was levelled against him and his company. But...
06:54 PM, Aug 08, 2011
New Delhi: Till now its been Swan Telecom and Reliance, Unitech wireless and Kalaingar TV that have felt the 2G spectrum scam heat. Now as the Central Bureau of Investigation (CBI) enters its next level of investigations, with deals that took place between 2001 to 2007, it is looking at the other big player - Aircel and its chairperson, Suneetha Reddy, who is the joint MD of Apollo Hospitals Group....
08:05 PM, Jun 13, 2011
New Delhi: Till now its been Swan Telecom and Reliance, Unitech wireless and Kalaingar TV that have felt the 2G spectrum scam heat. Now as the Central Bureau of Investigation (CBI) enters its next level of investigations, with deals that took place between 2001 to 2007, it is looking at the other big player - Aircel and its chairperson, Suneetha Reddy, who is the joint MD of Apollo Hospitals Group....
08:05 PM, Jun 13, 2011
New Delhi: The Delhi High Court has rejected the bail application of all the five corporate executives in the 2G spectrum scam case. The five corporate executives - Gautam Doshi, Hari Nair, Surendra Pipara of Reliance Anil Dhriubhai Ambani Group, Swan Telecom Director Vinod Goenka and Unitech Wireless (Tamil Nadu) Ltd Managing Director Sanjay Chandra will continue to be in Tihar Jail. "The gravity of offence itself is sufficient to...
02:39 PM, May 23, 2011
New Delhi: The three top Reliance executives and two other corporate leaders, sent to Tihar Jail by the trial court for their alleged involvement in the 2G spectrum scam, cannot expect any relief before April 26. The new address of Unitech Wireless (Tamil Nadu) Ltd Managing Director Sanjay Chandra, Swan Telecom Director Vinod Goenka, ADAG Group MD Gautam Doshi and two other ADAG officials Surendra Pipara and Hari Nair is ...
03:59 PM, Apr 23, 2011
New Delhi: The Delhi High Court on Thursday adjourned the hearing of the bail petition of the five corporate executives accused in the 2G spectrum scam till Tuesday. The five corporate leaders who were sent to 14-day judicial custody in the 2G spectrum scam on Wednesday by the special CBI court of Additional Sessions Judge OP Saini. The bail applications of Swan Telecom Director Vinod Goenka, Unitech Wireless (Tamil Nadu)...
03:24 PM, Apr 21, 2011
New Delhi: Three of the biggest names of India Inc - ADA Group Managing Director Gautam Doshi, Unitech Wireless MD Sanjay Chandra and DB Group Promoter Vinod Goenka - have spent a night behind bars along with Reliance executives Hari Nair and Surendra Pipara. The Patiala House Court on Wednesday rejected the bail application of all the five accused in the 2G scam case. The special CBI court had also ...
08:55 AM, Apr 21, 2011
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Disclaimer: TV18 Broadcast Limited is proposing, subject to market conditions and other considerations, an offer of its equity shares on rights basis and has filed a Draft Letter of Offer with the Securities and Exchange Board of India. The Draft Letter of Offer is available on the website of SEBI at www.sebi.gov.in and the websites of the Lead Managers at www.icicisecurities.com and www.rbs.in Investors should note that investment in equity shares involves a high degree of risk and are requested to refer to "Risk Factors" in the Draft Letter of Offer. The Equity Shares have not been and will not be registered under the US Securities Act of 1933, as amended (the "US Securities Act"), or any state securities laws in the United States and may not be offered or sold in the United States or to, or for the account or benefit of, "U.S. persons" (as defined in Regulation S under the US Securities Act) except in a transaction exempt from the registration requirements of the US Securities Act and in accordance with any applicable U.S. state securities laws.
