For the first time after privatisation of power distribution, consumers in Mumbai have a chance to choose their electricity supplier. Many consumers desperately want to shift to Tata Power from Reliance Infrastructure as the ADA group company has been hiking power tariffs for the past three years. But, in an unprecedented move, the Maharashtra Electricity Regulatory Commission (MERC) has...

SEBI’s interpretation of the takeover code in the Bharti-MTN deal is highly controversial. Vijay Trimbak Gokhale explains

MTN and Bharti Airtel are set to join hands to create the world’s third-largest mobile operator. Bharti had sought an informal interpretative guidance from the Securities and Exchange Board of India (SEBI) on the applicability of the takeover code to the deal. SEBI broke...

On 17 July 2009, a Mumbai tabloid, MiD DAY, reported that the police had arrested one R Venkatraman, a promoter and executive director of India Infoline, a leading brokerage firm, after Aarti Gunjikar, an investor, complained about having been duped of Rs13 lakh. His was the third arrest in the case on charges of cheating and conspiracy. Immediately after the arrest, the case was settled with...