Mumbai: Maran family-owned broadcasting firm Sun TV on Monday bounced back from its sharp intraday lows and settled with gains of over 10 per cent from its last close, adding Rs 1,052 crore to its market valuation. Shares of Sun TV settled at Rs 288.15, higher by 10.21 per cent on the BSE, thereby, adding Rs 1,052 crore from its market capitalisation, which stood at Rs 11,355 crore at close...
07:34 PM, Oct 10, 2011
New Delhi: The noose is tightening around former Union minister and DMK MP Dayanidhi Maran in the Aircel-Maxis deal. Even as the Central Bureau of Investigation (CBI) raided the residence and offices of Maran and his brother Kalanidhi Maran across Chennai, Hyderabad and Delhi on Monday, the DMK is unlikely to jeopardise ties with the Congress because of action against them. The CBI has been claiming that it has found...
03:03 PM, Oct 10, 2011
Mumbai: Maran family-owned broadcasting firm Sun TV tumbled by as much as 16 per cent in early trade on the bourses on Monday after CBI conducted raids on the premises of owner Kalanithi Maran and his brother, former Telecom Minister Dayanidhi Maran. CBI conducted raids on the premises of the Maran brothers in Delhi and Chennai after registering a case against the former Telecom Minister in connection with the controversial...
10:27 AM, Oct 10, 2011
Chennai: The CBI on Monday conducted raids at former telecom minister Dayanidhi Maran's residence in connection with the 2G spectrum scam. An FIR was registered against the Maran brothers - Dayanidhi Maran, Kalanidhi Maran, Ralph Marshall and T Anandakrishnan on Sunday, under the Prevention of Corruption Act. The CBI conducted searches in Chennai, Hyderabad and Delhi. The CBI also conducted raids at Apollo Group's Sunita Reddy's residence. Reddy, who has...
08:04 AM, Oct 10, 2011
New Delhi: Finding clinching evidence against DMK leader Dayanishi Maran in the Aircel-Maxis deal, the Central Bureau of Investigation (CBI) is all set to file an FIR against him and his brother Kalanithi Maran. It will be the first regular case to be lodged by the CBI as an outcome of its investigations into the alleged irregularities in the spectrum allocation in the pre-A Raja period. At that time the...
07:47 AM, Sep 30, 2011
Mumbai: The shares of media major Sun TV, promoted by Kalanithi Maran, tumbled in Thursday's trade a day after the CBI told the Supreme Court that it would take a decision on bringing formal charges against his younger brother, Dayanidhi. The younger Maran, who was the communications minister from May 23, 2004 to May 15, 2007, is alleged to have arm twisted former Aircel promoter Sivasankaran into selling his stake...
01:13 PM, Sep 29, 2011
New Delhi: The Central Bureau of Investigation (CBI) will file an FIR against former Union minister Dayanidhi Maran in the 2G spectrum allocation scam soon. The CBI on Wednesday told the Supreme Court that the charges against Maran would be finalised by September 30. Maran was forced to resign as Union Minister of Textiles following allegations that he arm-twisted Aircel owner C Sivasankarn to sell his 74 per cent stake...
08:36 PM, Sep 28, 2011
New Delhi: Prime Minister Manmohan Singh, speaking to reporters on board his plane on the way back from New York, admitted that the decision to keep the spectrum pricing issue from the purview of a Group of Ministers in 2006 was done on the word of former telecom minister Dayanidhi Maran. It was a move that made many ask if the Prime Minister had acted under pressure from his crucial...
07:25 AM, Sep 28, 2011
On Board Air India One: Prime Minister Manmohan Singh on Tuesday said the decision to keep out the spectrum pricing issue from the purview of a Group of Ministers (GoM) was done on the word of the then Telecom Minister Dayanidhi Maran in 2006. "It is certainly true that one draft was prepared. It did include spectrum prices," Singh told reporters while returning from his New York trip. He said...
11:21 PM, Sep 27, 2011
Chennai: With the Opposition gunning for Home Minister P Chidambaram in connection with the controversial finance ministry note on 2G spectrum allocation, DMK president M Karunanidhi on Monday said there should be no political interference in the case. Responding to reporters' queries here on the Opposition demand for Chidambaram's resignation, the 88-year-old DMK patriarch said, "It is their opinion. My opinion is there should be no political interference in this...
11:58 PM, Sep 26, 2011
New Delhi: Nearly four years after getting complaints, the CBI will start a formal probe into allegations that over 300 telephone lines were allotted to the residence of Dayanidhi Maran in Chennai and illegally linked with a television channel owned by his brother. These 323 residential lines were in the name of BSNL General Manager connecting the Boat House residence of Maran with office of Sun TV through a dedicated...
06:39 PM, Sep 26, 2011
New Delhi: The PMO is slated to explain its stand on record to the Supreme Court on the 2G spectrum issue on Tuesday. However, fresh questions pertaining to a letter accessed by CNN-IBN in 2010 are being posed to Prime Minister Manmohan Singh ahead of that. The letter had exposed how the Prime Minister got arm-twisted by A Raja's predecessor Dayanidhi Maran into keeping spectrum pricing out of the mandate...
11:49 AM, Sep 24, 2011
New Delhi: Prime Minister Manmohan Singh and Union Home Minister P Chidambaram came under heavy attack from the Bharatiya Janata Party (BJP) on Saturday in the 2G spectrum allocation scam. The BJP trained its guns on Singh and Chidambaram while alleging that the duo knew about the massive spectrum scam but did nothing to stop it. The party demanded that the role of the Prime Minister and the Home Minister...
11:17 AM, Sep 24, 2011
New Delhi: The CBI on Tuesday submitted its report on former telecom ministers Arun Shourie and Dayanidhi Maran in the 2G spectrum scam. Sources have told CNN-IBN that no evidence has been found against Arun Shourie and a probe is still on against the deceased NDA telecom minister Pramod Mahajan. Sources have also said that no clean chit has been given to former textile minister Dayanidhi Maran and the decision...
06:47 PM, Sep 20, 2011
New Delhi: A top executive of the Maxis group was questioned on Monday by the Central Bureau of Investigation (CBI) in connection with alleged irregularities in spectrum allotment during the tenure of former Telecom Minister Dayanidhi Maran. Ralph Marshall, CEO of Astro which invested in Sun TV and also a Board member of Malaysia-based Maxis, appeared before the agency officials for clarifying on allegations that the company was favoured by...
07:56 PM, Sep 12, 2011
New Delhi: Refuting media reports, which suggested that Dayanidhi Maran has been given a clean chit in the 2G case, the Central Bureau of Investigation (CBI) on Thursday told the Supreme Court that the role of the former Union minister is still under investigation. In fact the CBI told the apex court that the inquiry has reveled prima facie that Malaysian industrialists were in contact with Dayanidhi Maran and there...
04:45 PM, Sep 08, 2011
New Delhi: The CBI on Thursday told the Supreme Court in the 2G spectrum scam case that it does not have evidence of coercion by Dayanidhi Maran in the controversial Aircel-Maxis deal, but the agency is still probing the delay in awarding licenses by Maran. The BJP hits out at the CBI, calling its report unfortunate, as the investigating agency also told the court that it will question Jaswant Singh...
11:07 PM, Sep 01, 2011
New Delhi: There is some relief for former Union Minister Dayanidhi Maran in the 2G spectrum allocation scam case while the licences granted during the regime of Bharatiya Janata Party-led National Democratic Alliance (NDA) could be investigated. The Central Bureau of Investigation (CBI) in its progress report on the 2G scam submitted before the Supreme Court has claimed that there was prima facie no element of coercion found in licences...
04:14 PM, Sep 01, 2011
New Delhi: Former Telecom Minister Dayanidhi Maran may be 'examine' soon by the CBI in connection with his alleged role in coercing former Aircel Chief C Sivasankaran to sell his stake to a Malaysia-based group. As the agency winds up its probe in the allocation of 2G spectrum between 2008-09, CBI sources said Maran, who resigned as Textile Minister in July, will be asked to answer on the allegations levelled...
06:56 PM, Aug 02, 2011
New Delhi: In dramatic courtroom allegations, arrested former telecom minister A Raja, on first day his defence, has directly embarrassed Prime Minister Manmohan Singh and then finance minister P Chidambaram in the 2G scam. Raja's council claims the selling of stakes of 2G beneficiaries was cleared by Chidambaram in the presence of the Prime Minister. However, Chidambaram immediately denied the charge. Target No. 1: Manmohan Singh and P Chidambaram Raja...
08:45 PM, Jul 25, 2011
