A plan to allow 100% Foreign Direct Investment in telecom through automatic route, which means the investor does not need prior approval from the Reserve Bank or the government, got the Cabinet's approval today along with eight other key measures; actor Sonu Sood's premises in Mumbai and a company in Lucknow linked to him were raided by the Income Tax department today, sources said; Tata Sons and SpiceJet have officially submitted their respective bids for the sale of the debt-laden national carrier Air India with the disinvestment process now moving to the concluding stage and other top stories.
