This week’s $23 billion tie-up between Idea Cellular, controlled by the Aditya Birla Group, and the Indian business of Vodafone Group, is the latest example of a trend that is squeezing major international investment banks.
Was the Supreme Court’s judgement on January 11 in the Sahara-Birla papers case truly free from bias?
The 2015 petition from Common Cause questioning the appointment of the current CVC is still being heard, but the appeal to look into the Sahara-Birla groups’ alleged bribes has been dismissed.
It is in both the Congress and the BJP’s interests that these records are not looked into; the Supreme Court should step in and insist on a proper investigation.
Why have the CBI, the income tax department and the Central Vigilance Commission refused to probe potentially incriminating documents seized from the two business houses, a petition before the Supreme Court asks.
India’s MNCs must learn to take it slowly in small bites and avoid being swept along by a desire for size rather than precise business logic.