Says action taken following Supreme Court order, not because of government decision
Emirates Telecommunications Corporation (Etisalat) has made a representation through the UAE government to request the Enforcement Directorate to withdraw a showcause notice over alleged violations of the Foreign Exchange Management Act (FEMA), insofar as it relates to the company and its directors on the board of its Indian joint venture Etisalat-DB Ltd. The UAE (United Arab Emirates) government owns 60 per cent of the Etisalat group.
Japanese auto major Nissan recently appointed Takayuki Ishida as managing director of its Indian subsidiary Nissan Motor India Private Limited (NMIPL).
The commission has disagreed with another key proposal -- that of allowing operators a deferred payment scheme after the auction.
MSOs are major cable operators who give feed to local cable operators.
RTL is part of Europe's largest media firm, Bertelsmann AG, and has a market cap of $15.5 billion (Rs 69,900 crore).
Japanese auto major Honda Siel Cars India (HSCI), which recently forayed into the intensely competitive small car segment with the Brio, has brought an old hand on deck to grow operations aggressively in the Indian market.
The move is being considered after growing clamour from competing 4G operators for a level playing field in relation to Qualcomm.
TV Today stock rises 15.23% on sale buzz
Anil Ambani-promoted multiplex chain may sell stake to the Mexico-headquartered global giant
After a year of industrial unrest, the big boys of the automobile industry in the Gurgaon-Manesar belt are set to initiate negotiations to settle wage agreements.
Malaysia's leading telecom operator, Axiata, has backed out of its negotiations to pick up a substantial stake in broadband wireless access operator Tikona Digital.
The beauty and wellness formats will be started in Reliance Hypermarkets in May.
All shares owned by Max group promoters shifted to two trusts
With the curtains finally set to go up on the results of the assembly elections across five states on Tuesday, news channels are lining up an array of special programmes to hook viewers on D-day.
Cash-strapped Lilliput, the country's largest kidswear brand, may soon get a luxury makeover.
In a move that could pave the way for open auction of the 2G spectrum released from 122 cancelled operators, a draft Cabinet note prepared by the Department of Telecommunications (DoT) has recommended the spectrum price be discovered through an auction involving "existing players and new parties".
Sistema Shyam TeleServices Ltd is a venture involving equity participation by Sistema of Russia, the Russian Federation and the Shyam Group of India.
This will be the second high-profile exit from the company in recent months after Arun Kapur, the former chief executive, quit late last year.
