Db Group

Continuing the final arguments in a 2G scam-related money laundering case lodged by the ED, special public prosecutor Anand Grover said that documents relating to the money transaction reflected the inconsistency.

Debt woes compel companies to sell assets

Debt ridden companies are increasingly resorting to selling assets to dig themselves out of the hole, reports CNBC-TV18's Priyanka Ghosh.

DB Etisalat moves to disconnect India call; layoff 2000

CNBC-TV18 learns that the move will lead to significant layoffs from Etisalat's end and IT companies like Tech Mahindra too will feel the ripple effects of the move.

Reliance Communications cuts off Etisalat over payments

Reliance Communications said it has disconnected from its network a mobile phone joint venture between Abu Dhabi-based Etisalat and India's DB Group over non-payment of fees for using its towers.

CBI linking unrelated deals to prove 2G case: Accused

Two jailed directors of a DB group company and accused in 2G scam today told a Delhi court that CBI was linking two separate money transactions, one between Dubai-based Etisalat and Swan Telecom and another between Dynamix Realty to Kusegaon, to prove its case.

Softening stance: DB withdraws plea against Etisalat at CLB

The DB Group has withdrawn its plea at the company law board, against its partner Etisalst. DB had alleged operational mismanagement on the part of Etisalat, reports CNBC-TV18's Ashwin Mohan.

Etisalat's mismanagement costed JV Rs 800cr: DB tells CLB

The DB Group may have told the Company Law Board that Etisalat's mismanagement resulted in their joint venture losing about Rs 800 crore and a crucial contract with Tech Mahindra has been lost as well.

Estisalat trashes DB Group claims at CLB

Emirates Telecom Corp of UAE, the parent company of Etisalat, today termed the allegations its troubled partner DB Group presented at the CLB as "baseless and a cynical move to shift attention away from their own situation and to disrupt the proper running of Etisalat DB."

DB Group moves CLB against Etisalat: Sources

The DB Group has dragged Etisalat to the Company Law Board alleging operational mismanagement, reports CNBC-TV18's Ashwin Mohan quoting sources. The litigation also blames Etisalat for delay in rolling out the telecom business.

HC seeks documents on 'bribe' transfer to Kalaignar TV

The Delhi High Court today asked the special CBI court to furnish original documents to ascertain claims of two corporate honchos, accused of facilitating transfer of Rs 200 crore from DB Group firms to DMK-run Kalaignar TV in 2G scam, that they were "valid" loan transactions and not bribe.

ED questions former SpiceJet director in 2G probe

The 2G spectrum case has a new trail now. The Enforcement Directorate (ED) has questioned Ajay Singh, former director of SpiceJet in connection with the 2G scam probe. The agency is questioning Singh over his role in Allianz Infratech, which won two spectrums licenses and sold them to the DB Group, reports CNBC-TV18 quoting sources.

Policy rates likely to go up by 100 bps in 2011: Expert

The Reserve Bank of India is likely to hike interest rates in its forthcoming mid-quarter review of the policy on March 17.