Armed with new legal counter, Centre ready to challenge Vodafone arbitral award

Tushar Mehta said India should explore a competent forum in Singapore and advised against approaching the Delhi HC or the SC. “From the award, it appears that the seat of arbitration is Singapore and prime facie the challenge may lie in the said arbitration before the municipal courts of Singapore,” the SG suggested. Go to Source

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Recovery momentum continues in October but at a slower pace: Nomura

The weekly tracker of indicators of resumption in activity saw a gain over the 81.9% recorded a week earlier, which was downgraded from 82.2%, Nomura said in a note on Monday. The latest figures brought the average NIBRI reading to 82% for October, carrying forward the momentum of the sharp rise to 80.3% seen the previous month, albeit at a slower pace, it said. Go to Source

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Wholesale onion traders from Nashik keep auctions suspended on Monday to protest against stock limit

“Traders from Nashik district will not be able to purchase onions from farmers until they are able to sell onions being held by them. If we continue to buy from farmers, then we would be violating the stock limit restrictions. Traders from other states are also refusing to buy fearing violation of stock limit,” said Sohanlal Bhandari, chairman, Nashik District Onion Traders Association. Go to Source

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