Russian minister of economic development

Supreme Court of India

Emerging markets lead in cloud application

Russian government on Tuesday discussed the issue of 2G (mobile) licence cancellation of Sistema Shyam Tele services Ltd by the Supreme Court with the Indian counterparts, sources said. The issue came up for discussion during the meeting of commerce and industry minister Mr.AnandSharma and Russian minister of economic development and Trade Elvira Nabiullina on Tuesday, they said. Sistema Shyam Tele services Ltd has a joint venture with India's Shyam Group, Shyam Tele services Ltd, in which the Russian government also has a stake of 17.14 per cent. Operating in India under the MTS brand name, Shyam Tele services Ltd has a user base of over 15 million. Seeking protection of its $3.1 billion investment in India, Sistema has already filed an appeal in March in the Supreme Court of India.

Source: Business Standard