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January 18, 2022
Finance Minister Nirmala Sitharaman on Tuesday accused Congress-led UPA of entering into a "fraud" and "scandalous" deal with Devas Multimedia by allocating S-band spectrum used by the defence for "pittance".
January 18, 2022
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January 18, 2022
A report by human rights group Safeguard Defenders has said that China is using intimidation tactics on expatriates. These, says the report, even include “state-sponsored kidnapping” to bring the expats back to the mainland. In other news, at least 14 have died in an airstrike in Yemen carried out by Saudi Arabia-led military coalition. Read this and more in Top 10 World News.
January 18, 2022
Opinion | Antrix-Devas deal: An ‘experiment in corruption’ that failed
January 18, 2022
Finance Minister Nirmala Sitharaman will address a press conference on an important economic issue at 4:30 pm
January 18, 2022
The Supreme Court on Monday upheld the National Company Law Appellate Tribunal order, passed in September last year, directing for winding up of Devas Multimedia, which made it a first case of winding up a company on ground of fraud.
January 18, 2022
Finance Minister Nirmala Sitharaman on Tuesday said the satellite deal between ISROs commercial arm Antrix and Devas Multimedia signed in 2005 under the Congress-party led government was a fraud and has caused huge damage to the exchequer.
January 18, 2022
In a setback to Devas Multimedia, the Supreme Court on Monday upheld the National Company Law Appellate Tribunal (NCLAT), which in September last year dismissed a petition filed by Devas Multimedia against the order of the NCLT to wind up the company.
January 18, 2022
A private company in 2005 came up with an offer to start a bouquet of multimedia and telecom services and got into an agreement with Antrix Corporation, the commercial wing of state space agency, Indian Space Research Organisation (ISRO), and made a deal of leasing out two of ISRO's satellites, GSLV-6 & GSLA-6A, for private services at a throw-away price.
January 18, 2022
Finance Minister Nirmala Sitharaman on Tuesday said the Government of India will use the Supreme Courts verdict to fight against Devas in Antrix deal fraud internationally.