Indian equities markets on Thursday were trading higher in the afternoon backed by gains in established telecom scrips, which were expected to gain after the Supreme Court cancelled 122 licences issue

The Congress-led United Progressive Alliance government reacted cautiously to the Supreme Court verdict on Thursday canceling 122 telecom licences issued during jailed former communications minister A

In the aftermath of Supreme Court cancelling the grant of 122 2G licences to telecom operators, Union Telecom Minister Kapil Sibal says the government will abide by the apex court ruling.

At a crowde

Following is the chronology of events in the 2G scam case in which the Supreme Court on Thursday cancelled 122 licenses granted during the tenure of A. Raja as telecom minister:

*May 2007: Raja take

The Supreme Court's order on Thursday cancelling 122 telecom licences issued by the UPA government will result in consolidation by existing players and freeing of pricing power to the incumbent player

Seeking to put a brave face, Communications Minister Kapil Sibal on Thursday said the Supreme Court order on telecom licences did not indict Prime Minister Manmohan Singh but was a criticism of the po

In a major ruling on the 2G spectrum allocation case, the Supreme Court leaves to trial court to decide on probe against home minister P. Chidambaram, besides cancelling the grant of 122 licences.

The Supreme Court on Thursday left it to the trial court to decide on the demand for investigation of the alleged role of Home Minister P. Chidambaram into the 2G spectrum allocation scam but refused

With the Supreme Court leaving it to the trial court to decide on probe against Home Minister P. Chidambaram in 2G case, BJP on Thursday demanded his resignation till the matter is settled.

"He (Chi

Janta Party leader Subramanian Swamy on Thursday welcomed the Supreme Court order cancelling 122 licences granted to telecom companies during the tenure of former communications minister A. Raja.

The