To provide credence to their power to fine, the Telecommunications Department had a legal opinion drafted on the matter.
Legal & Regulatory
US Fed says it will stick with bond buying policy
The US central bank said it was going to continue its purchases of bonds worth USD 85 billion a month to keep interest rates low.
Infosys settles with U.S. government over visa case for US$ 34 million
Infosys settled with US Department of Justice for US$34 million over visa fraud case. Infosys Ltd. , has announced that it has entered into a settlement with the U.
Modern Land offer attractive to investment hungry China
The term sheet indicated a USD150 million note with a maturity of five years for Modern Land offered to the bond market.
Deutsche Bank China receives new license
Deutsche Bank China was granted an interbank bond settlement license. An interbank bond settlement agent license was obtained by Deutsche Bank China from the People's Bank of China.
Latest News
A meeting of local and state financial authorities relate the possible misuse of Urban Cooperative Banks by unscrupulous money launderers.
Paracetamol is an active ingredient in many drug formulations which now is subject to a USD787 per tonne anti-dumping duty.
Leighton Holdings got sued by own shareholders after the latter claimed they were misled with financial projections.
Saudi Arabian Prince Alwaleed bin Talal's Kingdom Holdings is preparing to purchase more shares in Twitter when its IPO comes around.
Sources told Bloomberg that hedge funds were asking the consumer bureau to investigate World Acceptance Corp.
Ally Financial wrote down a USD170 million charge for its third quarter earnings after reaching a settlement with two US housing regulators.
Former Co-operative Group chief executive Barry Tootell said he and other company executives had doubts over the capability of the mutual fund to acquire 632 Lloyds Banking Group branches for USD750 million.
Intellectual Ventures (IV) wanted to collect a combined USD310 million in patent licensing fees from security firms Symantec and Trend Micro.
An anonymous People's Bank of China (PBOC) official had met with local money dealers in the bank's efforts to stave off investor worry about rising short-term rates.
