India’s Supreme Court will give its verdict on Thursday whether telecoms licences granted to several companies in 2008 should be revoked, in the latest judgement in one of the country’s biggest-ever corruption scandals.
The judgement will be closely watched as a test case of how stable business contracts and government regulation is in India, with any cancellation of licences likely to damage the country’s reputation with foreign investors.
To read this Reuters report in full, see: www.reuters.com/article/2012/02/01/india-telecoms-scandal-idUSL4E8D15NY20120201
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Supreme Court to rule on telecoms licences today Supreme Court will give its verdict today whether telecoms licences granted to several companies in 2008 should be revoked, in the latest judgement in one of the country’s biggest-ever corruption scandals.
The judgement will be closely watched as a test case of how stable business contracts and government regulation is in India, with any cancellation of licences likely to damage the country’s reputation with foreign investors. economictimes.indiatimes.com/news/news-by-industry/telecom/supreme-court-to-rule-on-telecoms-licences-on-thursday/articleshow/11715780.cms