Masood Imad, media secretary to the Maldivian President, says: "We have asked MACL to hire a firm like KPMG to conduct a forensic audit of the firm's accounts.
Did GMR Infra get a sweet deal from former Maldivian president that turned sour as a new government came to power?
Action is hotting up in the telecom space, with Russian giant Sistema in preliminary discussions with Aircel to pick up an equity stake.
Though reserve for CDMA, there were no bidders for the spectrum in the recent auction. GSM operators could buy it to launch 4G and 3G services.
A large migrant population, better law and order situation made the state attractive.
Multiple disputes to ensue; auction begins today, but will do little to quell uncertainty.
The model will be equipped with a petrol engine in Thailand.
After refarming, over 142.5 MHz of spectrum is expected to be available for auctioning next year.
With an all-diesel line in India, it is desperate to bring the small capacity diesel engine it has developed independently, by the parent company.
Govt to bear Rs 12k-cr cost of spectrum retention but without any cash outgo put up for Cabinet nod.
Paul White is now the advisor to Indian Hotels in its second attempt to take over the Bermuda-based chain.
A senior executive of GMR group confirmed that both the companies were keen to get out of the venture. Fraport has already closed its development office in India.
Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have sent separate letters to the department of telecommunications (DoT), asking the government to bear the entire burden of nearly Rs 11,000 crore they need to fork out as one-time payment for additional spectrum.
Since the start of October at least four new hotel properties have opened in leisure and business tourist destinations like Tamil Nadu and Goa adding more than 400 branded rooms with another 260 rooms due for launch during next week.
Govt to review decision after demand assessment.
Subscriber churn costs operators heavily, retailers make Rs 7.7k cr a year.
Idea tops list of companies with high percentage of active subscribers.
From an average of about 1,800 units a month in 2010-11, Fiat sales dropped to about 900 units a month in the first four months of this financial year, according to data from the Society of Indian Automobile Manufacturers.
For mobile customers who thought the high price of 4G devices would keep them away from high-speed internet, here is the game changer.
The broadcaster had bought the stake in 2004.
