Sanjay Chandra News
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Unitech Ltd., charged with corruption over the allocation of Indian phone licenses in 2008, plunged the most in more than two years amid reports its chief executive discussed strategy with the prosecutor in the case.
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Indian companies are predicting borrowing costs will fall from a two-year low as the central bank cuts interest rates, supporting a rebound in earnings.
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Telenor ASA asked the head of its Indian mobile-phone venture with Unitech Ltd . to step down after a court ordered his arrest in a probe into a sale of mobile- phone licenses.
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The highest borrowing costs among Asia’s biggest economies are forcing Indian filmmakers to shoot fewer movies or rely on tax breaks from the U.S. or Europe.
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India’s federal investigators questioned Anil Ambani, the billionaire chairman of Reliance Communications Ltd. , for about two hours yesterday amid a widening probe into the award of mobile-phone licenses in 2008.
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An Indian court will give its order on a later date on bail applications by Unitech Ltd. Managing Director Sanjay Chandra, DB Realty Ltd. Managing Director Vinod Goenka, Reliance ADA Group Managing Director Gautam Doshi and Senior Vice Presidents Hari Nair and Surendra Pipara, a two- judge panel headed by G.S. Singhvi said in New Delhi today.
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Sanjay Chandra, managing director at Unitech Ltd., India’s second-biggest developer, comments on India’s budget.
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Deutsche Boerse AG will likely face an in-depth review by European Union antitrust regulators of its $9.53 billion bid for NYSE Euronext , a deal that would create the largest owner of equities and derivatives markets, lawyers said.
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Unitech Ltd. , India’s second- biggest property developer by assets, will repay all the money it owes to mutual funds for the first time since 2001 after boosting revenue from homes sales.
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Five Indian company executives charged with offenses linked to a 2008 sale of licenses to run mobile-phone services will be freed from jail after the Supreme Court granted them bail. Shares of their companies jumped.
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