Telecom services firm Bharti Airtel Ltd. has acquired a 49% stake in Qualcomm Asia Pacific’s (Qualcomm AP) Indian Broadband Wireless Access (BWA) entities for $165 million. The Qualcomm entities hold BWA licenses in Delhi, Mumbai, Haryana and Kerala. Bharti will acquire the stake partly by way of acquisition of a 26% interest equally held by Global Holding Corporation and Tulip Telecom Ltd., and the balance by way of subscription of fresh equity in those entities.
Recently, in a landmark judgment by the Supreme Court in the case of Bank of Baroda v. Kotak Mahindra Bank, the Apex Court has determined over the limitation period applicable for executing a forei More
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