New Delhi, July 22: In a veiled threat, Russia has hinted that Indian investment in its oil and gasfields will get impacted in the wake of the problems faced by its telecom major Sistema here because of the cancellation of 2G licences. “There can be no investment from the Indian side (in Russia) if such things happen to our investment here. It takes two to tango, you know,” Russian ambassador to India, Alexander M. Kadakin, said. He referred to investments by Indian firms, particularly ONGC Videsh Ltd’s over $2-billion investment in the Far East oil and gasfield of Sakhalin-1, as “shining examples” of Russia welcoming Indian investments.
New Delhi, July 22: The empowered group of ministers (EGoM) on telecom, headed by home minister P. Chidambaram, is scheduled to meet on Tuesday. The EGoM is expected to discuss the issue of one-time spectrum fee and give final recommendations on the minimum price for air waves that are to be auctioned.
New Delhi, July 22: The home ministry has declined security clearance to three Iranian banks intending to open branches in India which would have made easier for Indian companies to trade with that country.
Washington, July 22: Reliance Industries has kept its lobbying activities among US lawmakers on hold for third quarter in a row, after having spent over $1 million on its lobbyist BGR (Barbour Griffith & Rogers LLC) here in the past few years.
