HC approves $1.18bn Tata-DoCoMo settlement, rejects RBI plea

The Delhi High Court has rejected RBI's intervention plea while accepting the terms of consent of settlement between NTT DoCoMo and Tata Sons over payment of $1.18 billion in damages to the former. RBI had contested the payment to DoCoMo, saying it amounted to transfer of shares and was illegal. The case relates to a two-year-old dispute between the firms.