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Singtel to raise holding in Bharti Telecom beyond 50%

Thursday, August 8, 2019, 8:50 PM

Singtel is likely to raise its stake in Bharti Telecom, the single-largest-shareholder in Bharti Airtel, to beyond 50%. The move will convert the holding company into foreign-owned entity and, consequently, take overseas ownership in the mobile-operator to over 85%. At present, Bharti Telecom's 41% equity stake in Bharti Airtel is classified as 'domestic' shareholding as it is majority-owned by the Sunil Mittal family(52% stake).
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India signs UNISA; experts call for local laws supporting treaty

Wednesday, August 7, 2019, 9:18 PM

India on Wednesday signed a key UN convention on international settlement agreements, even as experts called for local laws to support the treaty's implementation in business contracts. The United Nations Convention on International Settlement Agreements (UNISA) was signed by India's High Commissioner to Singapore Jawed Ashraf, representing the Government of India. Forty-six countries signed the treaty named Singapore Convention on Mediation.
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Commerce Secretary Anup Wadhawan pushes for market access-related issues with China

Sunday, August 4, 2019, 12:35 PM

Commerce Secretary Anup Wadhawan pushed for some of the market access-related issues of various products such as milk and milk products during his meeting with the Vice Minister of China's Commerce Ministry, Wang Shouwen, on the sidelines of the Eighth RCEP Intersessional Ministerial Meeting on August 3. Wadhawan led the Indian delegation to the meeting held in Beijing from August 2 to August 3.

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