Sunday 25 October 2015

Panel that fined Antrix $672 m said ISRO chief was in conflict of interest

SOURCE: EXPRESS NEWS SERVICE HE INTERNATIONAL tribunal that slapped a fine of $672 million (nearly Rs 4400 crore) on the Indian Space Research Organisation’s marketing arm for scrapping a contract with Devas Multimedia cited “a clear and irreconcilable conflict of interest” while rejecting a key argument of the government-owned Antrix Corporation. The tribunal noted that […]

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