Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

Indian Siva to pay Batelco USD211.1m in lawsuit  Join our daily free Newsletter

MENAFN - 17/06/2014
No. of Ratings : 0
Add to Mixx!


(MENAFN) Former partner of the Bahraini telecom operator Batelco, Bahrain Telecommunications Company, will have to pay Batelco as much as USD211.1 million for failing to fulfill an agreement between them, as the British court judged, according to Arabian Business.

Batelco, via wholly-owned subsidiary BMIC, had sued Siva and its chairman Chinnakannan Sivasankaran for USD174.5 million it aid Chennai-based Siva for a 43 percent stake in Indian operator S Tel in 2009, plus USD10.3 million and a further USD30,000 a day.


Batelco said in a statement that: "The judgment totalling USD211.1 million ... finds BMIC has been successful in its claim that the defendants failed to adhere to a settlement agreement relating to a commercial venture into which both parties had entered."

 


MENAFN




  MENA News Headlines
 Feb 20 2017 - Cold snap continues with frost formation overnightJordan News Agency
(MENAFN - Jordan News Agency) Amman, Feb.19 (Petra) -- A slight rise in temperatures is expected on Sunday, but they remain 2-3 degrees below their seasonal average; therefore it will continue to be ...

 Feb 20 2017 - Israeli forces arrest 14 Palestinians in West BankJordan News Agency
(MENAFN - Jordan News Agency) Ramallah, Feb. 19 (Petra)--Israeli occupation forces on Sunday, arrested 14 Palestinians from various West Bank cities. The Palestinian Prisoner Society said in a ...

 Feb 20 2017 - Jordan's ambassador to Kenya presents credentialsJordan News Agency
(MENAFN - Jordan News Agency) Nairobi, Feb.19 (Petra) -- President of the Republic of Kenya, Uhuru Kenyatta, on Saturday received the credentials of Jordan's first resident Ambassador to the African ...

 Feb 20 2017 - Border Guards foil infiltration attemptJordan News Agency
(MENAFN - Jordan News Agency) Amman, Feb. 19 (Petra)--Border Guards aborted an attempt by a number of Arab and foreign nationals to infiltrate the borders, according to an official source at the ...

 Feb 20 2017 - ASE opens on lower noteJordan News Agency
(MENAFN - Jordan News Agency) Amman, Feb.19 (Petra) -- The Amman Stock Exchange (ASE) on Sunday opened trading with a drop to 2209 points compared to 2213 points of yesterday's session closure. ...

 Feb 20 2017 - 449 Palestinians arrive in Gaza Strip through Rafah border crossingJordan News Agency
(MENAFN - Jordan News Agency) Gaza, Feb. 19 (Petra)--A total of 449 Palestinians arrived in the Gaza Strip through the Rafah border crossing after the Egyptian authorities opened the crossing ...

 Feb 20 2017 - Extremist settlers storm Al-Aqsa mosque complexJordan News Agency
(MENAFN - Jordan News Agency) Ramallah, Feb.19 (Petra) -- Groups of extremist Jewish settlers, early Sunday, stormed Jerusalem's flashpoint Al-Aqsa Mosque compound, according to a Palestinian ...

 Feb 20 2017 - 81 people injured in 103 accidentsJordan News Agency
(MENAFN - Jordan News Agency) Amman, Feb. 19 (Petra) -- Eighty-one people were injured in 103 road and other accidents in the last 24 hours, according to the Civil Defence Department. It said ...

 Feb 20 2017 - Labour Minister, ALO chief discuss cooperationJordan News Agency
(MENAFN - Jordan News Agency) Amman, Feb. 19 (Petra) -- Minister of Labour, Ali Ghazawi, and the Director-General of the Arab Labour Organization (ALO) , Fayez Al Mutairi, Sunday discussed ...

 Feb 20 2017 - Palestinian student critically wounded by Israeli troopsJordan News Agency
(MENAFN - Jordan News Agency) Ramallah, Feb 19 (Petra) –– Israeli occupation forces on Sunday shot and critically wounded a Palestinian student when they fired rubber bullets outside a school near ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Search News
Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help