C SIVASANKARAN
Ratan Tata was unfazed even in the face of death; AIRCEL founder C Sivasankaran reveals how he & Tata had a near death experience
In a podcast titled 'Figuring Out With Raj Shamani', C Sivasankaran, the founder of Aircel, shared a harrowing experience when he and the former chairman of Tata & Sons faced a life-threatening situation. During a flight from Singapore to Seychelles, they received alarming news: one of the plane's engines had failed. A secretary from Tata disclosed that if the second engine also failed, the plane could crash within 30 minutes.
SIVA Group boss C Sivasankaran on how Indians can prevent heartattack, says most suffer from brain fog due to Covid
Chinnakannan Sivasankaran, chairman and founder of SIVA Group, emphasizes preventing heart attacks by managing APOB levels to avoid heart disease risks.
Aircel founder C Sivasankaran praises Modi govt, says today's India is not like what it was a decade ago, criticises UPA for pressuring businesses
Aircel founder Chinnakannan Sivasankaran has praised India's current business environment, noting, "Today no one can pressurize you." He contrasted this with the coercive pressures of a decade ago under the UPA regime, when Aircel faced severe financial struggles, intense competition, and regulatory challenges, ultimately leading to its market exit and liquidation in 2018.
HC asks Chidambaram to respond to CBI's plea challenging order to supply un-relied upon documents
Investigating agencies, for the purpose of prosecution, may not rely on all the documents they have gathered during the probe resulting in the documents getting bifurcated into "relied" and "un-relied" categories. While the former may benefit the prosecution, the latter could help the defence, which would normally want to inspect all the documents, including those the probe agency has not relied upon.
Public money being stolen through 80-90 per cent haircuts in NCLT resolution cases, says Harsh Goenka
His comments come in the backdrop of some insolvency cases being approved recently by the NCLT where creditors took heavy haircuts on their loans such as in the case of Videocon Industries where creditors will be taking nearly 96 per cent haircut on their loans and the bidder is "paying almost nothing".
IDBI Bank settles loan with Aircel founder C Sivasankaran
According to banking sources, IDBI Bank has already written to the CBI, which has confirmed that commercial dealings will not affect the criminal investigation process.
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IL&FS: NCLT allows govt to prosecute auditors Deloitte, BSR; C Sivasankaran and 2 independent directors
The corporate affairs ministry can now go ahead with prosecution based on the probe conducted by the SFIO.
One tycoon was (wrongly) ensnared in Vancouver dirty money probe
Sivasankaran allegedly conspired with former IDBI executives to obtain an $83 million credit facility.
What ex-IL&FS top brass got for loans? Foreign trips, private jets and chopper rides
The SFIO probe reveals several cases where the bosses got benefits from borrowers in return for faster loans.
IL&FS case: SFIO files first chargesheet
SFIO accused BSR & Co and Deloitte Haskins & Sells and others of concealing info and falsifying accounts.
Former IL&FS vice chairman Hari Sankaran pushed for Rs 175-crore loan to Siva firm: SFIO
The SFIO said Sankaran pushed for the loan, fully aware that the transaction would harm the company’s interests.
IDBI loan fraud case: ED attaches Rs 224 crore worth of assets of firms linked to C Sivasankaran
The ED, in a statement, said the assets include land parcels and office premises located at MRC Nagar and T Nagar in Chennai, mutual funds and deposits available in bank accounts.
C Sivasankaran is back with smart homes business plan
Sivasankaran opened model showcases of the single-room-balcony homes at an unveiling in Chennai today.
Aircel promoter C Sivasankaran to meet CBI to counter IDBI Bank fraud charges
A CBI spokesperson said that initial investigations had just commenced and no summons had been issued to any individual in the case.
Top bank executives booked for corruption in sanctioning of loans to C Sivasankaran
Last week, the CBI booked several people, including top-level bank executives, on corruption charges over defaulted loans totalling Rs 600 crore from two offshore companies owned by Sivasankaran.
Would have kept Aircel afloat, claims C Sivasankaran
Sivasankaran started the telecom firm in 1999, launching services initially in Tamil Nadu. In 2005, he sold it to Malaysia-based Maxis Communications, founded by Ananda Krishnan.
Former Aircel promoter C Sivasankaran warns of ‘action’ against Cyrus Mistry
According to sources, the former promoter of Aircel is readying his legal team to defend his name in the Tata-Mistry battle.
2G verdict fallout: C Sivasankaran to move Supreme Court seeking Rs 3,400 cr in STel damages
Following the cancellation, Sivasankaran was reported to have written to then Prime Minister Manmohan Singh, demanding a refund of the company’s investments.
Tata Teleservices-Docomo case: Tatas make provision of Rs 684 crore to cover Sivasankaran dues
The case relates to additional money that was to be infused by shareholders as part of a settlement with Japanese telecom giant Docomo.
Changing fares & sops make the ride bumpy for TN cabbies
The latest to shift its system was Chennai-based UTOO, which announced last week that it was migrating from monthly salaries to a finance-led model.
CBI to challenge order on Aircel-Maxis in Delhi High Court
The Enforcement Directorate, the finance ministry wing that probes money laundering, has already filed a petition in the Delhi HC against the discharge of the Maran brothers.
Former promoter C Sivasankaran urges SC to cancel Aircel’s spectrum
ET has seen a copy of the petition. Sivasankaran confirmed that the plea had been filed but declined to comment further.
I'm a victim, not a beneficiary from Tata Sons: C Sivasankaran
Cyrus Mistry had pointed to loans to Sivasankaran as one of the many unpleasant inheritances of his chairmanship, in his explosive letter to Tata Sons Board.
Cyrus Mistry proposed legal action against C Sivasankaran's Siva Group
Serial entrepreneur Sivasankaran had bought nearly 9% stake in the unlisted TTSL in 2005-06 and had a legal obligation to contribute Rs 694 crore towards the Japanese telecom major's claim.
Cyrus Mistry responsible for mounting losses at Tata Teleservices: Sivasankaran
“I do not understand why my name has been needlessly roped in,” Sivasankaran said in a reaction to a letter to the Tata Son’s directors by the ousted chief.
Ex-Telco Minister D Maran pressured a promoter to sell his Aircel stakes in '06, CBI claims
Prosecutor also claimed that Maran had forced Sivasankaran to sell his three companies to Malaysia's Maxis Communication Berhad, also an accused in the case.
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