Dayanidhi Maran

Shares of SpiceJet rose 7% to Rs 25.60 on the BSE following Kalanithi Maran, promoter of media group Sun TV Network Ltd, increasing his stake in the low-cost airline SpiceJet Ltd to 43% by October, in the process bringing in much-needed funds to the tune of about Rs 130 crore.

According to KTS Tulsi, Constitutional Lawyer and former Additional Solicitor General, the CBI went for overkill initially. He believes that the allegations were made out of thin air and were based on mere suspicion, which is not enough.

The CBI, Enforcement Directorate and income tax department have submitted reports on the status of their probes into the 2G scam at the Supreme Court.

Yesterday was a heavy day for the market, with the Infosys results announcement, the IIP numbers, the cabinet reshuffle and the fear of European debt contagion. According to PN Vijay, all the events were somewhat negative. But, the Indian equities held on to the psychological level of 5500.

CNN IBN's Editor-in-chief, Rajdeep Sardesai, tells CNBC-TV18 that though a date cannot be fixed for the cabinet reshuffle, it is likely to be ‘expansive’ in nature.

Sashi Kumar, the chairman of Asian College of Journalism talks to CNBC-TV about what the developments in the Maran case means for the minister and the DMK party.

Cho Ramaswamy, political analyst and editor of Tughlak magazine tells CNBC-TV18 that he finds nothing new in CBI's revelation that Maran is guilty of vested interest in the Aircel case. "It was quite expected that this would be the end of the game for Dayanidhi Maran," he says.

One of the questions that many in the corporate and legal world have repeatedly asked themselves is 'will Ratan Tata and Anil Ambani be chargesheeted and arrested as progress over the 2G scam proceeds?'

The National Federation of Telecom Employees today staged a protest against Dayanidhi Maran. They demanded that Maran should step down for misusing 323 BSNL lines.

In a statement to the Central Bureau of Investigation (CBI) Aircel's former owner S Sivasankaran had said that Textile Minister Dayanidhi Maran had forced him to sell his stake, reports CNBC-TV18 quoting sources.

Nikhil Vora, MD, IDFC Securities tells CNBC-TV18 that market appears to be in a punitive mood on the latest political developments emerging from these scams.

Shares in broadcaster Sun TV fell more than 28% on Thursday. CNBC-TV18’s managing editor Udayan Mukherjee said fundamentally, the stock looks attractive.

Speaking to CNBC-TV18 Cho Ramaswamy, editor of Tamil magazine Thuglak said, there is nothing new about Dayanidhi Maran allegations. However, he said, things have changed now.

Shares of broadcaster Sun TV fell by 30% on the bourses in the early trade on Thursday. The company lost one fifth of its market-cap amidst cries from a litigation led by Prashant Bhushan for Dayanidhi Maran to be included in the 2G scam probe.

Union Textile Minister Dayanidhi Maran on Wednesday denied the charges of wrongdoing brought against him in the 2G spectrum allocation as the telecom minister in 2006, but sources said that the Central Bureau of Investigation (CBI) may file a chargesheet against him for his alleged involvement in the scam.

A Tehelka report alleges Maran favoured promoters of Aircel during his tenure as the telecom minister. The news report alleges his involvement in a Rs 600 crore scam. While the opposition is seeking answers, the congress seems to have washed its hand of the DMK minister, CNBC-TV18’s Ashok Bagariya reports.

The results of the 13th assembly elections in Tamil Nadu are out and it is a decisive victory for J Jayalalithaa. So, does the rise of Jaya mean sun-set for the Maran brothers’ Sun Network? CNBC-TV18’s Swathi Narayanan reports.

The PAC committee questioned Ratan Tata on a handwritten letter he directly chose to write to the Tamilnadu chief minister M Karunanidhi bypassing the Prime Minister. In fact, the panel members also pointed out that Tata should have written to the prime minister instead of writing it to Karunanidhi.