The licence to Industrial and Commercial Bank of China (ICBC) comes ahead of
proposed discussions between India and China on "strategic economic dialogue".
The new policy has been on the drawing board for two years. If it rolls
out the share of manufacturing in India's gross domestic product (GDP)
will rise from 17 per cent to 25 per cent over the ne...
A maze of firms constantly transferring equity and preference shares
from one to another, a slew of directors coming on board and then
ceasing to be directors is the hallmark of this operation.
The Comptroller and Auditor General had
indicted Swan Telecom, among others, for having sold significant stakes
in their companies at high premium soon after acquiring the licence.