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DUBAI LOOP
From rockets to brain implants, here's a look at Elon Musk's vast empireElon Musk, the world's richest man, leads a sprawling business empire. His ventures include electric vehicles, brain implants, underground ...- World’s largest container carrier plans route avoiding HormuzThe world’s largest container shipping company, MSC Mediterranean Shipping Company, is launching a new Europe–Middle East service that avoi...
- Gold: The correction was the repositioning, not the end of the trendGold remains a vital liquidity source even with price drops. Central banks and individuals are selling gold to ease financial strains. In I...
- 'Like a wormhole': Musk promises 'Dubai Loop' tunnel networkElon Musk announced a partnership with Dubai authorities to create an underground Loop road network in the city. Similar to Vegas Loop, thi...
- Essar Group promoter Ravi Ruia denied permission to go abroadEssar Group promoter Ravi Ruia, facing trial in a case arising out of the 2G scam probe, has been denied permission to travel abroad by a s...
- Vodafone poaches Loop Telecom’s Mumbai customers, irks Bharti AirtelLoop Telecom is one of the oldest operators in Mumbai and had a subscriber base of about 3 million with a good number having a post-paid co...
- DoT official raises objection to structure of Bharti Airtel-Loop Mobile dealThe development comes even as the legal opinion sought by the Department of Telecommunications didn’t throw up any negatives.
- Department of Telecommunications accelerating approvals for Bharti Airtel-Loop Mobile dealThe telecom department is fast-tracking approvals for Bharti Airtel’s deal to buy Loop Mobile’s assets despite objections
- Department of Telecom rejects Trai objection to Bharti-Loop dealTrai said the deal implies that subscribers will be ported out involuntarily, which was against the spirit of the MNP rules offering volunt...
- Bharti Airtel signs definitive deal to buy Loop assetsBharti’s customer base in Mumbai would go up to seven million after adding some three million subscribers of Loop to its network.
- ZTE Corp fears its chances of payback from Loop Mobile are lowThe fear of outstanding dues worth over $33 million, and the anger that it wasn’t informed by Loop while signing the deal with Airtel drove...
- ZTE Corporation initiates legal proceedings against Loop MobileZTE Corporation has initiated legal proceedings against Loop Mobile, which is being acquired by Bharti Airtel, for recovery of unpaid dues.
- Loop's investor files international arbitration against Indian govtLoop Telecom's investor KHML has filed international arbitration against Indian government seeking damages of over $1 billion for 2G licenc...
- 2G case: Court issues fresh summons against Ruias & Khaitans for February 22Special CBI Judge O P Saini once again issued summonses to them for Feb 22 as they did not appear before him in compliance with the Decembe...
- 2G case: CBI pastes summons at Loop Telecom's I P Khaitan's residenceThe CBI had pasted them as part of "normal process" of service of summons and it should not be construed as the addressees being absconding...
- CBI favours departmental action against former Legal advisor of DoTCBI has favoured departmental action against a former legal advisor to the then Telecom Minister A Raja, who is now in jail.
- 2G scam: Dubai-based industrialist IP Khaitan questioned by CBI for alleged interests in Loop TelecomIP Khaitan, was grilled by the sleuths for about eight hours in connection with ownership patterns in Loop Telecom.
- Loop Telecom to get showcause notice for violating normsIt also lists the different companies as well as the financial transactions between Essar Group and Loop Telecom to substantiate its findin...
- ED charges 4 telcos with Fema violations of Rs 4,300 crEnforcement Directorate has filed charges against 4 mobile phone companies for Fema violations totalling nearly Rs 4,300 cr in the 2G scam.
- Essar Group cuts Loop Telecom stake to 1.5%The Dubai-based Khaitan family owns the remaining 98.5% stake, the affidavit adds. Kiran Khaitan is the sister of the Ruia brothers.
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