Sunil Mittal

A day after Sunil Bharti Mittal, CMD of Bharti Cellular Ltd, got a temporary relief in a graft case related to allocation of additional 2G spectrum in 2002, Essar Group promoter Ravi Ruia also moved the Supreme Court challenging the Special CBI Court's order summoning him as an accused in the case.

The Supreme Court today agreed to hear a plea of Sunil Bharti Mittal, CMD of Bharti Cellular Limited, against his summoning as an accused in a corruption case related to allocation of additional 2G spectrum in 2002.

With a local court summoning billionaires Sunil Mittal and Ravi Ruia in 2G spectrum allocation case, Bharti Airtel today charged CBI with attempting to tarnish its reputation while Essar Group said it will take appropriate legal proceedings to challenge the order.

In a further blow to the beleaguered telecommunication industry, the 2G telecom trial court today issued summons to Sunil Mittal, Chairman & MD Bharti Cellular in the ongoing additional spectrum allocation case.

Sunil Mittal, the chairman of India's biggest telecommunication carrier Bharti Airtel Ltd, was ordered on Tuesday to appear before an Indian court on April 11 in a case over alleged corruption in allocating mobile phone bandwidth a decade ago

The Sensex fell 262.58 points and the Nifty slipped 84.35 points at 5750.90.

Shares of Bharti Airtel, the largest telecom operator in India, crashed nearly 8 percent on Tuesday after 2G trial court has summoned company's chairman Sunil Mittal.

Tanzania's government is set to start talks to buy back a stake in a state-run telecoms company from the local subsidiary of India's Bharti Airtel, gaining full ownership of the telecoms provider, the president's office said on Friday.

With networth of USD 21.5 billion, Mukesh Ambani has retained his title as India's richest person for sixth year in a row, while Mexican business tycoon Carlos Slim has emerged as wealthiest in the world for the fourth consecutive year.

Bharti Airtel Ltd , India's top mobile network operator, hopes to issue dollar bonds of up to USD 1 billion in the current fiscal year that ends in March, Sarvjit Dhillon, Group CFO at Bharti Enterprises, said on Friday.

In a major top-level management restructuring, Bharti Airtel is set to appoint Manoj Kohli as its managing director to revive its mobile business.

Bharti Airtel has bid for telecom licence in Myanmar as India's biggest private telecom company looks to expand its overseas operations.

Indian telecom czar Sunil Bharti Mittal today said that Bharti group wants to expand presence in Africa, which has high growth potential and needs huge investments in infrastructure development.

Indian leaders are all set to showcase the country as an attractive investment destination, especially for retail and IT, at this year's WEF meet that began today at the snow-laden Swiss town amid uncertain global economic environment.

Buoyed by good response for its Rs 4,500 crore Bharti Infratel IPO, Bharti Group chief Sunil Mittal has said it is a strong endorsement from qualified investors.

The then CBI Director A P Singh and agency's prosecution chief were of the view that there was no case against Chairman and Managing Director of Bharti Airtel Sunil Mittal in the 2G spectrum case involving former Secretary Shyamal Ghosh and late minister Pramod Mahajan.

Sunil Mittal single-handedly built Indian telecom. Now he must save it, starting with Bharti Airtel.

Telecom spectrum auction opened Monday to a lukewarm response with key circles such as Delhi and Mumbai finding no takers in the initial rounds.

The reserve price of Rs 14,000 crore set for airwaves is "too high" and the auction of 2G spectrum will be over on the first day itself, Bharti group Chairman Sunil Bharti Mittal said today.

Shares of Bharti Airtel traded marginally in the green early morning after India's top telecommunications carrier reported its 11th consecutive quarter of profit decline as costs increased and a slowdown in customer additions limited revenue growth.