Sunil Mittal

Mittal and Ruia, whose names were not mentioned in CBI's charge sheet as accused, were, however, summoned on March 19, last year by the special CBI court saying there was "enough material" to proceed against them in the case.

More than 700 leaders from business, government, civil society and academia from 45 countries will take part in the three-day India Economic Summit, organised by WEF in partnership with industry body CII.

This development is likely to have serious repercussions for Airtel‘s Sunil Mittal and Essar‘s Ravi Ruia who have been named in the additional spectrum case.

The statement from the Supreme Court could have repercussions for Bharti Cellular CMD Sunil Mittal and Essar's Ruia family in the 2G case. Mittal and the Ruias could potentially be tried in the 2G case.

If 2012 was the year of 2G scam, then 2013 would be recorded in the history of the apex court for coalgate case and CBI's clamour to attain autonomy and free itself from its political masters to investigate top bureaucrats.

The two prominent billionaire industrialists endured frequent periods of bad blood stretching back to the earliest days of India's telecoms revolution in the early 2000s, when their respective mobile companies became ensnared in numerous bad-tempered legal and regulatory disputes.

After last year's dip, Sunil Mittal's Bharti Airtel has gained in strength and numbers, thanks mainly to an improved industry environment

The Forbes India rich list shows modest gains for India's richest due to a stumbling economy. Steel magnate Lakshmi Mittal also retains his No.2 position on the rich list with a wealth of USD 16 billion.

The think tank, which is over a century old, has 26 prominent people from the world of business and academia on its board. They include former UN secretary general Kofi Annan, Citigroup global banking head Raymond McGuire and the presidents of Princeton University and the Massuchusetts Institute of Technology.

A new bench comprising Justices HL Dattu and KS Radhakrishnan will hear the cases which was earlier being heard by a bench of justices Singhvi and Radhakrishnan.

Bharti group Chairman Sunil Mittal said the telecom firm will look at opportunities to acquire another firm in India, provided that there is a clear merger and acquisition policy in place.

India's Bharti Enterprises will take a decision this month on the shape of its partnership with global retail giant Walmart, including joining hands for operations in the country's multi-brand segment.

Vodafone will have to sell its entire stake in Airtel following new norms issued by government that bars a telecom operator from holding any kind of stake in competition under Unified Licences.

Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and other accused in the 2G case today told the Supreme Court that its orders barring the High Court from hearing cases arising out of the scam and directing trial on day-to-day basis has turned into an "instrument of torture" and seriously impaired their rights.

The company had been posting decline in net income for the last 14 consecutive quarters. In the first quarter of the current financial year, however, it has been able to arrest sharp decline in net income.

A Delhi court asked Sunil Mittal and Ravi Ruia to seek clarification from the Supreme Court (SC) regarding its interim order on the issue of holding trial proceedings in the additional spectrum allocation case.

Apart from Mittal and Ruia, the others who were summoned as accused are Canada-based NRI Asim Ghosh, who was the then Managing Director of accused firm Hutchison Max Telecom Pvt Ltd, and former Telecom Secretary Shyamal Ghosh.

After recusal of two judges, a new Supreme Court bench today commenced hearing on the pleas of Bharti Cellular Ltd CMD Sunil Bharti Mittal and Essar Group promoter Ravi Ruia in a case of alleged irregularities related to allocation of additional 2G spectrum in 2002.

A Delhi court today fixed April 29 for hearing the matter in additional 2G spectrum allocation case in which Bharti Cellular CMD Sunil Mittal, Essar Group promoter Ravi Ruia and others have been summoned as accused.

Bharti Cellular CMD Sunil Mittal and Essar Group promoter Ravi Ruiaon Tuesday appeared in a Delhi court in connection with the additional 2G spectrum allocation case and furnished personal bonds in pursuance of the Supreme Court's direction.