Opinion: India’s 2G resolution hinders more than helps

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Opinion: India’s 2G resolution hinders more than helps

February 06, 2012

From Alexander Lobov

The Supreme Court’s decision to revoke 122 mobile licenses is a bold move but not the right one. It will further erode confidence in India’s ability to manage corruption.

Arguably the biggest corruption scandal in the history of corporate India required a deep investigation and a nuanced response. Instead, the Supreme Court delivered quite the opposite. The court’s decision to revoke all 122 second generation (2G) mobile licenses awarded...

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OFFSHORE RMB DCM

Rank

Bookrunner

Value ($m)

No.

%Share

2011 YTD Rank

HSBC

1,439

33.0

Bank of China Ltd

1,079

24.8

Standard Chartered Bank

513

11.8

Citi

208

4.8

Barclays

198

4.5

Deutsche Bank

159

3.6

Goldman Sachs

152

3.5

RBS

136

3.1

BNP Paribas

2.2

JPMorgan

1.8

Subtotal

4,059

93.2

Total

4,356

100.0

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