Skip to main content

Bharti Airtel suspected of forex rule violation - min


The Directorate of Enforcement is investigating the country's top mobile phone carrierBharti Airtel for suspected violations of foreign exchange rules, a junior finance minister said on Tuesday.
Namo Narain Meena also told lawmakers in a statement the country's capital markets regulator had received complaints alleging that a shareholding increase by the founders of the mobile carrier had violated rules.
The minister also said the country's tax office had received allegations of "improper accounting treatment" of licence and spectrum fee by the company.


Bharti said in a statement it adhered to the "highest standards of corporate governance" and always complied with rules.
"We will provide all relevant details to the concerned authorities as and when required and will offer full assistance to clarify any concern," it said.
Shares in Bharti closed at 395.85 rupees, up 1.7 percent up, in a weak Mumbai market. They rose as much as 3.5 percent during trade.

By- Reuters -India
Labels:

Comments

Post a Comment

Popular posts from this blog

STUDENTS SURROUND ADMINISTRATIVE BUILDING AT J’PURA

A tense situation has broken out at the Jayawardenapura University after a group of students surrounded an administrative building. The students have reportedly surrounded Vice Chancellor N.L.A. Karunaratna ’ s office building following an announcement that he will not be issuing Mahapola scholarships.
Post a Comment
Read more

Last year's iPhones are destroying Samsung's new Galaxy S9 flagship smartphone - Bench Mark Results

Samsung announced the Galaxy S9 and Galaxy S9+, the latest entries in its flagship line of smartphones, at Barcelona's Mobile World Congress — but benchmark results are awkwardly showing the devices scoring significantly lower than many of their competitors. Benchmarks are synthetic tests that give numeric, quantifiable results. They are generally applications programmed to make the devices' systems-on-a-chip (SoC) run a series of tasks and determine how long it takes them to complete. AnandTech is a site that specialises in running rigorous tests like these, and its early findings on Samsung's latest devices are curious to say the least— particularly compared to the latest iPhones, Qualcomm's Snapdragon 845 — which will power most of the Android flagships this year — and even Samsung's own Galaxy S8 from last year. In a number of tests — such as web browsing, writing, data manipulation, and photo editing — the Galaxy S9's Exynos 9810 consistently deliv...
Post a Comment
Read more

Ukrainians injured as police dismantle Kiev 'tent city'

At least 10 demonstrators have been injured in clashes with Ukrainian police and another 100 detained in the capital Kiev after authorities began dismantling a makeshift "tent city" protesting against corruption. The tent city was set up in October by supporters of Mikheil Saakashvili, a former president of Georgia who has become an opposition politician in Ukraine. Saakashvili, a critic of corruption in Ukraine, was deported to Poland in February. He said he was "kidnapped" by Ukrainian authorities and removed from the country against his will. Andriy Kryshchneko, police chief of police, said at the camp on Saturday that "two court decisions" allowed authorities to search and dismantle the camp. Police said that explosives and other weapons were found at the scene
Post a Comment
Read more