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Lawyersclubindia News


Reliance and S.Africa's MTN extend tie-up talks

   10 July 2008 at 15:42

Indian mobile phone giant Reliance Communications said Wednesday the deadline for talks that could lead to a blockbuster merger with Africa's largest cellular firm MTN had been extended.The deadline had been pushed back to July 21, Reliance Communica ..

Posted in Corporate Law |   318 Views


Air India bomber Reyat freed in Canada

   10 July 2008 at 15:42

After spending 20 years in jail, Air India bomber Inderjit Singh Reyat, the only person jailed for the 1985 Kanishka plane bombing, was granted bail on Wednesday by the British Columbia court of appeal.Since his supporters and family could not arrang ..

Posted in Criminal Law |   277 Views


Dial awards Rs 240-cr contract to Siemens

   10 July 2008 at 15:42

The Delhi International Airport Ltd today said it has awarded a 36 million euros (approx Rs 240 crore) contract to supply the baggage handling system for the upcoming Terminal 3 at the Capital's airport to Siemens Mobility. The system will have a th ..

Posted in Corporate Law |   295 Views


Mittal, Total, HPCL JV to decide on $6 bn refinery

   10 July 2008 at 15:42

Steel magnate LN Mittal, France's Total, Hindustan Petroleum Corporation (HPCL), Oil India and GAIL will decide by December this year on the feasibility of spending $6 billion to set up a 14 million tonne per annum refinery and petrochemical plant at ..

Posted in Corporate Law |   401 Views


CBDT relaxes scrutiny norms in a few cases

   10 July 2008 at 15:42

The Central Board of Direct Taxes has decided to relax norms on scrutiny of tax payers whose premises have been surveyed by the officials, a step aimed at encouraging evaders to pay up. "The decision is likely to provide relief to thousands of taxpay ..

Posted in Taxation |   342 Views


SC sends Tata-Birla row over Idea for arbitration

   10 July 2008 at 15:42

The two year-old dispute between the Tata Industries and the A.V. Birla Group over Idea Cellular took a fresh turn on Wednesday with the Supreme Court deciding to set up an arbitrator to resolve the issue. The apex court’s decision is in favour of th ..

Posted in Corporate Law |   393 Views


Law ministry not to vet Bill in present form

   10 July 2008 at 15:39

The central universities draft Bill has run into trouble, with the Union Law Ministry refusing to vet it in the present form.After the Law Ministry recently returned the Bill to the Human Resource Development (HRD) Ministry with certain objections an ..

Posted in Civil Law |   378 Views


Government approves 28 FDI proposals worth Rs.13.27 billion

   10 July 2008 at 15:39

The government has approved 28 foreign direct investment (FDI) proposals totalling Rs.13.27 billion including global retail major Marks and Spencer’s proposal for 51 percent foreign direct investment in single brand retail business. “Based on the rec ..

Posted in Corporate Law |   305 Views


RBI makes exchange of damaged currency notes hassle-free

   10 July 2008 at 15:39

Exchanging soiled and damaged currency notes with fresh ones has been made easier with the Reserve Bank asking banks to set up facilities in this regard at their branches. Even the mutilated currency notes, with essential features in tact, can be ex ..

Posted in Corporate Law |   2557 Views


Ambani bros indulge in legal shadow-boxing

   10 July 2008 at 15:39

The spat between the warring Ambani brothers over the South African telecom giant MTN turned into a game of legal shadow-boxing on Monday with offers and counter offers for discussions being spurned on both sides.Wary of falling into a legal 'trap', ..

Posted in Corporate Law |   309 Views