In context with the merger, Jaypee was unable to transfer two of its limestone reserves to UltraTech, without which UltraTech was not really interested in the deal.
The mines ministry‘s interpretation of the Attorney General's (AGs) opinion is erroneous, say sources in the finance ministry. The AG‘s opinion is different from the earlier one that had been presented.
CNBC-TV18 learns that Paramount Airways has hit a wall as far as re-starting operations are concerned as lenders want their dues repaid first and have approached the regulator, Director General of Civil Aviation (DGCA) for the same.
CNBC-TV18's Sumit Jha and Kritika Saxena, quoting top government sources in the latest development in the Jet-Etihad deal, report that Etihad has expressed concerns to the government regarding the safety of its investment in Jet Airways.
The government is now getting ready to amend the Competition Act of 2002. Government sources told CNBC-TV18 that it will set up a group of ministers (GoM) to chalk out the amendments.