The Supreme Court on Wednesday took exception to Union Law Minister Salman Khurshid's reported statement that putting businessmen behind bars will hamper investments in the country, saying if true it is "disturbing".
There's an undercurrent of fear in business circles these days
The top court on January 8 had quashed the Gujarat government's decision to grant remission to 11 convicts in the case, saying the orders were 'stereotyped' and passed without application of mind.
Creating a new image for the client concerned, while making him disappear from the public domain for some time, are among the strategies that often work.
Narendra Modi will take oath as the prime minister for a third consecutive term on Sunday evening as President Droupadi Murmu has invited him to form the government.
Justice Dinesh Kumar Sharma said the parties shall file brief written submissions not exceeding five pages.
Rediff.com has in its possession a copy of the CBI chargesheet.
In contrast to their lavish lifestyle, all the five spent their night in a 90 square feet Tihar prison cell.
The five were not arrested during the probe into the case.
Here are some of the top executives and politicians who have been linked to the 2G spectrum scam in India.
The Supreme Court has granted bail to five corporate executives in 2G spectrum case.
In a dramatic turn of events in May 2019, an Emirates aircraft en-route to Dubai was asked to stop while it was taxiing for a take off in Mumbai. The pilot was given no reason and ordered to immediately return to the parking bay. As the aircraft returned to the terminal, two passengers from the first class - Naresh Goyal and his wife Anita - were offloaded by the immigration authorities, who said the duo cannot leave the country. Goyal, founder of Jet Airways, was stunned. The man, who ruled the aviation sector for two and a half decades with an iron hand, did not expect to be offloaded in this fashion.
The CBI on Wednesday called Loop Telecom, CEO Sandeep Basu, Chairman of Shyam group Rajiv Mehrotra, former telecom minister A Raja's brother A K Perumal and close aide Sadiq Batcha, for questioning in relation with the 2G spectrum scam.
The corporate honchos who are behind bars for their alleged involvement in the 2G scam will have to celebrate Diwali in jail as the Supreme Court on Friday deferred the hearing on their bail pleas to Octocer 31.
The board of Unitech Ltd, the country's second largest realty company, has approved a plan to raise Rs 5,000 crore through debt and equity issues and will convene an extraordinary general meeting on January 19, 2009 for shareholder approval. Sanjay Chandra, Unitech managing director, said today's proposal was a flexible enabling provision.
All the corporate accused had challenged the special CBI court's order declining their bail pleas and directing their arrest on April 20.
The Central Bureau of Investigation (CBI) began making submissions on Monday on its appeal before the Delhi high court challenging the acquittal of accused persons, including former telecom minister A Raja, and firms in the 2G spectrum allocation scam case in December 2017.
The collegium, also comprising Justices Sanjay Kishan Kaul, Sanjiv Khanna, B R Gavai and Surya Kant, recommended the names of Delhi high court Chief Justice Satish Chandra Sharma, Rajasthan high court Chief Justice Augustine George Masih and Gauhati high court Chief Justice Sandeep Mehta as top court judges.
A key 2G case witness and ex-aide of A Raja on Monday told a Delhi court that the former telecom minister was in touch with Swan Telecom promoters, Shahid Usman Balwa and Vinod Goenka and Unitech MD Sanjay Chandra and had cleared their projects during his stint with ministry of environment and forests in 2004-07.
Gautam Doshi, Surendra Pipara and Hari Nair, senior executives of the Reliance ADA Group who were granted bail on Wednesday by the Supreme Court in the 2G spectrum scam case, will provide major relief to their high-profile boss Anil Ambani.
With dwindling profits, stalled projects, a real estate slump and a promoter just out of jail, Unitech has its hands full.
The company switched its focus from premium housing to affordable and mid-income projects to stay afloat
Promoter holding in Unitech, the nation's second-largest property developer, has dropped by 7 per cent since their September disclosure after lenders sold the shares pledged with them, according to analysts.
Over 65 Union ministers are likely to take oath, going by the visual of the meeting Modi held with his likely council of ministers.
12 of the 20 MPs with the highest winning margins in the 2019 Lok Sabha polls have not been re-nominated by their parties for the 2024 general elections.
Unitech Ltd, the country's second largest real estate firm, has decided to sell its 200-room budget hotel Courtyard by Marriott in Gurgaon ahead of its inauguration in January 2009.
IFCI, a state-run financial institution, today sold Rs 51.7 crore worth shares of Unitech, the nation's second-biggest property developer, as the promoters of the company failed to repay loans raised against pledged shares.
Dazzling, dancing and decked to the hilt, courtesans in Hindi films are a breathtaking mix of shiny fantasy and flirtatious poetry to behold.
The CBI contended before the Delhi high court on Tuesday that there were glaring illegalities in the trial court judgment that acquitted former telecom minister A Raja and others in the 2G spectrum allocation scam case.
60 per cent of home buyers are shying away from pre-launches.
Unitech alleged that the takeover of the management of the company by the Centre would make it difficult for them to deposit Rs 750 crore as directed by the apex court to safeguard the interests of homebuyers.
Realty major Unitech on Thursday said it expects revenues to grow 60 per cent in 2007-08 and will borrow between Rs 2,000-3,000 crore (Rs 20 billion- Rs 30 billion) in the current fiscal from domestic markets to fund its various projects.
Bharatiya Janata Party leader Maneka Gandhi on Saturday indicated that her son Varun Gandhi's writings that were sometimes critical of the government may have cost him the party's Lok Sabha ticket from Pilibhit but asserted that he would do very well even without it.
Director of Unitech, Sanjay Chandra believes that with income levels and economy, both rising, the end-users or buyers are still there in the market and very actively still buying and does not expect any slowdown.
Besides the national capital, polling will be held Saturday in 14 seats in Uttar Pradesh, all 10 seats of Haryana, eight seats each in Bihar and West Bengal, six seats in Odisha, four seats in Jharkhand and one seat in Jammu and Kashmir. Simultaneously, polling will be held for 42 assembly constituencies in Odisha.
Real estate firm Unitech Ltd will invest Rs 1,800 crore (Rs 18 billion) in the next 4-5 years, to develop an exclusive residential project at Greater Noida.
The collegium, also comprising Justices Sanjay Kishan Kaul and Sanjiv Khanna, met on Thursday and its decision was uploaded on the apex court website.
Gentle, fiery, magnanimous or disadvantaged, there are many faces of the Bhansali heroine. Sukanya Verma looks at every single one.
Mrunal wraps up a Mumbai schedule... Mouni starts a restaurant...Sunny takes a nap...
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