Page 17 - Devas Multimedia News Today

ETtech Morning Dispatch, 19 Jan. 2021: Top Tech News to Start Your Day SECTIONS Last Updated: Jan 19, 2021, 08:03 AM IST Share Good morning, ETtech reader. Startup funding deals are gaining significant traction in the new year, in sectors as varied as gourmet meat (Licious). India moves to fix glitches in the tech backbone of its Covid-19 vaccination drive. Zerodha CEO bats for more fintech startups in India’s complex mutual-fund space. Here’s a look at the top tech news to start your day....

Govt asks Antrix to file petition to wind up Devas Multimedia SECTIONS Last Updated: Jan 18, 2021, 08:16 PM IST Share Synopsis The Ministry of Corporate Affairs has cited a rule in the Companies Act, 1956 that allows a petitioner to file for the winding up of a company if it has, in the petitioner’s opinion, been formed for “fraudulent and unlawful purposes”. Getty Images BENGALURU: The government has directed Antrix Corporation, the commercial arm of Indias space agency, to file a petiti...

Antrix-Devas case: India to question US court jurisdiction January 17, 2021 Antrix should adopt a different tactic than merely fighting over jurisdiction: Experts India is expected to question the jurisdiction of the United States District Court for the District of Columbia to hear a petition filed by Devas Multimedia seeking to enforce the damages awarded against ISRO’s commercial arm Antrix Corp by the Permanent Court of Arbitration Tribunal at The Hague. The petition, filed by three invest...

Antrix case: Devas moves US court to enforce The Hague arbitration award January 15, 2021 × Devas Multimedia has filed a petition at a US district court seeking to enforce the damages awarded against ISRO’s commercial arm Antrix Corp by the Permanent Court of Arbitration Tribunal at The Hague. The petition, filed by three investment firms related to Devas, argues that the award can be enforced in the US because India is a signatory to the New York Convention. “By entering into the New York...

ADVERTISEMENT Satellite Co. Investors Seek OK Of $111M Award Against India Law360 (January 13, 2021, 6:45 PM EST) -- A trio of Mauritius-based investors in an Indian satellite company has brought a $111 million arbitral award it won against India following a dispute over a nixed deal to deliver communications services throughout the country to Washington, D.C., for enforcement. Investors CC/Devas (Mauritius) Ltd., Devas Employees Mauritius Private Ltd. and Telcom Devas Mauritius Ltd. urged th...

To print this article, all you need is to be registered or login on Mondaq.com. India has taken steps in quick succession to liberalise its private space industry. In June 2020, the government approved the setting up of the Indian National Space Promotion and Authorisation Centre (IN-SPACe) to facilitate private activity. These steps signal definite changes in policy but there are reasons to be cautious.   India has taken steps in quick succession to liberalise its pr...

Eminent scientist Roddam Narasimha no more Eminent scientist Roddam Narasimha no more Bangalore Mirror Bureau / Updated: Dec 15, 2020, 06:00 IST Roddam Narasimha passed away on Monday. He is survived by his wife and daughter. Narasimha, 87, breathed his last at MS Ramaiah hospital where he was admitted on December 6. The hospital authorities said that his death was not related to covid-19. He has been unwell for a while. Born in 1933, Narasimha was awarded the Padma Vibhushan in 2013 for his ...

High Court upholds ED’s actions against firms, individuals in money laundering probes Updated: Updated: Share Article AAA The High Court of Karnataka has upheld the actions initiated by the Enforcement Directorate (ED) under the Prevention of Money Laundering (PML) Act in different cases against various companies, financial institutions and individuals, and dismissed the petitions filed by them challenging the legality of ED’s proceedings. The High Court held that the provisions of the PML...