Devas Multimedia
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Supreme Court Upholds Winding Up Of Devas Multimedia
The Supreme Court on Monday upheld the winding up of Devas Multimedia saying," it is a case of fraud of a huge magnitude which cannot be brushed under the carpet, as a private lis".
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Probe Agency Imposes Rs 1,585 Crore Penalty On Devas For Forex Violation
The Enforcement Directorate imposed a Rs 1,585 crore penalty on satellite services provider Devas Multimedia Ltd, its directors and foreign investors for illegal foreign investment of Rs 579 crore against the Foreign Exchange Management Act 1999
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Antrix-Devas Case: Court Summons Former Director Of Devas Multimedia
A Delhi court has issued summons to a former director of Devas Multimedia Pvt. Ltd. in the Antrix-Devas deal case that had allegedly caused a loss of Rs 578 crore to the exchequer.
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Antrix Deal: Devas Assets Worth Over Rs 79 Crore Attached
Assets worth over Rs 79 crore, belonging to Devas Multimedia Private Limited, has been attached by the Enforcement Directorate in connection with its money laundering probe in the Antrix-Devas deal.
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Devas Falsely Claimed To Have IPR Of Hybrid Technology: CBI
Devas Multimedia had pocketed the deal with Antrix within a month of its inception on the basis of an allegedly false claim that it has IPR of a new technology for delivering multimedia content which saw its share price skyrocket 12,5000 times, according to CBI.
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ISRO to Launch Satellite For Strategic Applications
India will launch an advanced communications satellite (GSAT-6) in July or August for strategic applications, its space agency chief said today.
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Antrix-Devas Deal: CBI Registers Case Against Senior Officials for Causing Loss of 578 Crores
The Central Bureau of Investigation (CBI) today carried out searches after registering a case to probe an alleged Rs 578-crore "wrongful" gain to a private multi-media company Devas by Antrix, the commercial arm of Indian Space Research Organisation or ISRO.
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Ex-ISRO chief Nair free to appeal against 'ban': Govt
The government has refused to budge from its decision to blacklist one of India's most eminent scientists, G Madhavan Nair, from government jobs. When Mr Nair was Chairman of the Indian Space Research Organisation or ISRO, a deal was signed with a company named Devas that would have cost the government huge losses.
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Am I worse than terrorist, asks 'banned' ex-ISRO chief Nair
One of India's best-known scientists, G Madhavan Nair, who also headed the Indian Space Research Organization or ISRO, has been blacklisted for government jobs. The government's decision is based on Mr Nair's alleged role in allotting valuable and scarce S-band spectrum to a private company named Devas.
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ISRO-Devas S-Band spectrum deal cancelled
The controversial S-Band deal between Indian Space Research Organisation's commercial wing Antrix and Devas Multimedia has been cancelled. The decision to terminate the contract was taken at a meeting of the Cabinet Committee on Security (CCS). The meeting was attended by the Prime Minister Manmohan Singh, Home Minister P Chidambaram, Defence Minis...
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Devas threatens legal action if deal with Antrix is annulled
Objecting to a government move to annul its contract with Antrix following the S-band spectrum controversy, Devas Multimedia has said it would take "strong" legal steps to protect its rights and interests.Contending that it had a legally binding agreement with ISRO's commercial arm Antrix, Devas said it expected the government to fulfill all its ob...
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PM should break silence on S-band spectrum scam: Jayalalithaa
AIADMK chief Jayalalithaa today asked Prime Minister Manmohan Singh to break his silence on the alleged S-Band spectrum scam and come out clean on the issue."How the Prime Minister, an economist of repute, can be a silent accomplice to such gross misdemeanors is beyond me. Singh has to break his silence and come clean," she said in a statement here...
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Supreme Court Upholds Winding Up Of Devas Multimedia
The Supreme Court on Monday upheld the winding up of Devas Multimedia saying," it is a case of fraud of a huge magnitude which cannot be brushed under the carpet, as a private lis".
-
Probe Agency Imposes Rs 1,585 Crore Penalty On Devas For Forex Violation
The Enforcement Directorate imposed a Rs 1,585 crore penalty on satellite services provider Devas Multimedia Ltd, its directors and foreign investors for illegal foreign investment of Rs 579 crore against the Foreign Exchange Management Act 1999
-
Antrix-Devas Case: Court Summons Former Director Of Devas Multimedia
A Delhi court has issued summons to a former director of Devas Multimedia Pvt. Ltd. in the Antrix-Devas deal case that had allegedly caused a loss of Rs 578 crore to the exchequer.
-
Antrix Deal: Devas Assets Worth Over Rs 79 Crore Attached
Assets worth over Rs 79 crore, belonging to Devas Multimedia Private Limited, has been attached by the Enforcement Directorate in connection with its money laundering probe in the Antrix-Devas deal.
-
Devas Falsely Claimed To Have IPR Of Hybrid Technology: CBI
Devas Multimedia had pocketed the deal with Antrix within a month of its inception on the basis of an allegedly false claim that it has IPR of a new technology for delivering multimedia content which saw its share price skyrocket 12,5000 times, according to CBI.
-
ISRO to Launch Satellite For Strategic Applications
India will launch an advanced communications satellite (GSAT-6) in July or August for strategic applications, its space agency chief said today.
-
Antrix-Devas Deal: CBI Registers Case Against Senior Officials for Causing Loss of 578 Crores
The Central Bureau of Investigation (CBI) today carried out searches after registering a case to probe an alleged Rs 578-crore "wrongful" gain to a private multi-media company Devas by Antrix, the commercial arm of Indian Space Research Organisation or ISRO.
-
Ex-ISRO chief Nair free to appeal against 'ban': Govt
The government has refused to budge from its decision to blacklist one of India's most eminent scientists, G Madhavan Nair, from government jobs. When Mr Nair was Chairman of the Indian Space Research Organisation or ISRO, a deal was signed with a company named Devas that would have cost the government huge losses.
-
Am I worse than terrorist, asks 'banned' ex-ISRO chief Nair
One of India's best-known scientists, G Madhavan Nair, who also headed the Indian Space Research Organization or ISRO, has been blacklisted for government jobs. The government's decision is based on Mr Nair's alleged role in allotting valuable and scarce S-band spectrum to a private company named Devas.
-
ISRO-Devas S-Band spectrum deal cancelled
The controversial S-Band deal between Indian Space Research Organisation's commercial wing Antrix and Devas Multimedia has been cancelled. The decision to terminate the contract was taken at a meeting of the Cabinet Committee on Security (CCS). The meeting was attended by the Prime Minister Manmohan Singh, Home Minister P Chidambaram, Defence Minis...
-
Devas threatens legal action if deal with Antrix is annulled
Objecting to a government move to annul its contract with Antrix following the S-band spectrum controversy, Devas Multimedia has said it would take "strong" legal steps to protect its rights and interests.Contending that it had a legally binding agreement with ISRO's commercial arm Antrix, Devas said it expected the government to fulfill all its ob...
-
PM should break silence on S-band spectrum scam: Jayalalithaa
AIADMK chief Jayalalithaa today asked Prime Minister Manmohan Singh to break his silence on the alleged S-Band spectrum scam and come out clean on the issue."How the Prime Minister, an economist of repute, can be a silent accomplice to such gross misdemeanors is beyond me. Singh has to break his silence and come clean," she said in a statement here...
