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A nonprofit organization petitioned the United States government to enact serious sanctions against 11 Indian officials for alleged human rights abuses committed against the co-founder of a satellite company who is engaged in a legal battle with an Indian state-owned business.
India’s forex reserves have been falling since October 2021. This is not a global phenomenon but is linked directly to the manner in which India has planned its forex inflows – especially foreign direct investments
Shareholders of satellite company Devas Multimedia have urged the Ninth Circuit to deny Indian state-owned space company Antrix's bid to pause their efforts to depose its representatives, calling it the rival's "latest gambit" to stay the proceedings as they try to enforce a $1.3 billion award.
A lawyer for shareholders of the satellite communications company Devas Multimedia Pvt. Ltd. said Thursday his clients "will be relentless" in enforcing arbitral awards against India, having already secured $55 million in government-controlled aviation assets.
"The amounts garnished by IATA for the period prior to date of disinvestment are yet to be released by the Court," the govt further informed the Rajya Sabha.