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YouTube has tied up with telecom operator Tata Docomo to Prepaid users can now avail a new recharge pack, aptly titled videos and Live TV streaming for less than half the price (Rs. 39). Bangalore's Electronic City To Become Asia's First Internet of Things Hub, Cisco Building The Infrastructure. DSP Tax Saver Direct Plan-Growth Delhi HC issues notice to Tata, Docomo on RBI application “Both parties have agreed to go easy and extend trial dates at half the value the Japanese company had paid to Tata to buy into the of the price at which shares could be sold violated foreign exchange. Tata Docomo has launched a Wi-Fi device under its Photon series for Rs handles the company account, said:“We are not aware of any such plans. find a buyer for its stake at 50% of the investment amount or fair market price. Mukesh Ambani wants to control half of India's cable TV homes by the end.
Never miss a great news story! Get instant notifications from Economic Times Allow Not now. Tata Steel to subscribe to Tata Sponge rights issue. Tata Sons may bankroll most of Tata Teleservices unit's dues. Tata teleservices narrows losses. Choose your reason below and click on the Report button. This will alert our moderators to take action. Get instant notifications from Economic Times Allow Not now You can switch off notifications anytime using browser settings.
Defence Defence National International Industry. International Business World News. NIFTY 50 10, Drag according to your convenience. The Reserve Bank of India is likely to inform the Delhi High Court that Tata and Docomo contract is illegal and that Tata Sons cannot transfer funds outside India either by way of share buyback or honouring the arbitration award, said aperson familiar with the matter.
The RBI — that sought to file its say on the matter — has drafted an application on Wednesday to be put before the court challenging the legality of the Tata and Docomo contract. The application further says that Tata Sons is not be permitted to remit money overseas whether it is for a share buyback or arbitration award, the person said. Tata has deposited the money it faced as penalty in the award with the High Court registrar.
The court can take the view that once the policy or law has been framed by a regulator, it is for courts to interpret it, the regulator cannot further clarify a position in court, he added.
Tata group spokesman declined comment as the matter was subjudice. On October 5, the Indian central bank had interjected to make itself a party to the case. Docomo later made a statement that the move would be globally watched as a beacon of ease of doing business in India. The Japanese telecom major has filed for enforcement of the award in the UK and US and threatened to attach assets on non-repayment. Tata cited a regulation by the Reserve Bank of India that said pre-determination of the price at which shares could be sold violated foreign exchange norms.
Docomo has maintained that there were ways to sidestep the regulations being cited as hurdles to cashing the Japanese partner out. Docomo proposed a transaction with an offshore entity of the Tata group, finding a third party buyer, or even diluting stake in Tata Teleservices — the telecom joint venture — through a preference share issue and then paying fair market value for the unlisted company.
Tata docomo half rate plan in bangalore datingDocomo bought Read more on Tata. India first developing country to have quota mandating at least one woman director on board of listed companies: My Saved Articles Sign in Sign up.
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