Telecom Minister, Kapil Sibal has said that Vodafone Group has planned to invest more than $2 billion in the country, a victory for a policy change designed to boost foreign interest and thin out the crowd of a dozen players in the world's second biggest mobile phone market.
In another high profile chargesheet in the coal scam, the CBI has registered a case against Chairman of the Aditya Birla Group, KM Birla. Aluminum maker Hindalco, which Birla promotes, has also been named in the fresh FIR filed by the agency. According to reports, the FIR names Birla, Nalco, Hindalco and former coal secretary PC Parekh.
Speaking to mediapersons during a news conference in New Delhi, senior leaders of the main opposition, BJP contended the report and said that they had filed a dissent. Party's senior leader Yashwant Sinha, said that the report was just a bundle of contradictions.
The country's capital markets regulator, Securities and Exchange Board of India (SEBI) is all set to formulate a new set of rules vis-a-vis disclosures by listed companies to curb errant trading of scripts such as insider trading and over or under rated deals.
Patel shot off a protest letter to the Defense Minister AK Antony on not letting Public Sector Units compete for the tender of 56 Avro aircraft by Indian Air Force.
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