RBI opposes $1.18 billion settlement between Tata and DoCoMo
The RBI has opposed Tata Sons agreement to pay $1.18 billion to Japanese telecom operator NTT DoCoMo in an over two-year-old dispute. Not satisfied with its reasons, the Delhi high court has asked RBI to clarify its stand. "Is any special permission of RBI needed for payment of damages?... If yes, then produce the rule,” the court said.