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.
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.
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.
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.
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.