India’s Tata Group files appeal on ex-CEO

New Delhi (Bloomberg): Tata Sons Ltd. asked India’s top court to put on hold a company tribunal’s order last month that asked the $111 billion group to rehire the chairman it had fired in 2016. The firm filed a petition in the Supreme Court, its lawyer Abhishek M Singhvi said. The petition seeks an urgent […]

India calls in $30b in overdue phone bills

Mumbai (Bloomberg): Indian Prime Minister Narendra Modi’s government is seeking at least $30 billion in overdue telecom fees from mobile-phone service providers to energy companies and fertilizer makers as it struggles to meet its budget deficit target with economic growth foundering. Gujarat Narmada Valley Fertilizers & Chemicals Ltd. said the telecom ministry has ordered it […]