Ashok Kumar Jha will step into a role that BVR Subbu, a powerful and seasoned corporate campaigner, had demitted over a year ago.
A US resident has advertised to sell land in that country to Indians here. In the process, the seller may have started a trend of US owners turning to overseas buyers as local demand for housing dries up following the serial bankruptcies from the sub-prime mortgage, or high-risk home loan, crisis.
Real estate firm Parsvnath Developers' quest for a mobile licence seems to have hit a roadblock at the Department of Telecom (DoT). Parsvnath, which is one of the seven realty firms in the fray for mobile licences, hasn't mentioned the business of "telecommunications" in its memorandum of association (MoA).
The Sixth Pay Commission is likely to significantly raise basic salaries for an estimated 4.5 million central government employees. The recommendations are expected to be submitted in January, a few months ahead of schedule, and the award is likely to come into effect from January 2006.
Going by application dates, companies like Spice, Birla-promoted Idea Cellular, Reliance Communications (through Swan and Cheetah) and Hindustan Futuristic are in the lead for licences in different circles. The only new player in the list is the little-known ByCell.Several incumbents like Idea Cellular, Maxis-Aircell, owned by a Malaysian promoter, and Vodafone-Essar lead the list of applicants for initial spectrum allocation since they already hold licences.
Cement shipments from Pakistan will hit the Indian markets by the end of the month at prices that are up to a third lower than domestic prices.
The rush to enter the world's fastest-growing mobile services market has attracted a wide range of applicants for telecom licences with the Department of Telecommunications.
It was discovered that state-owned Bharat Sanchar Nigam Limited was given additional spectrum of up to 10 MHz for GSM technology services in over 16 circles even as private competitors have been waiting to be allotted spectrum by the DoT.
Tensions between private telecom players and the government ratcheted up a notch after it was discovered that state-owned Bharat Sanchar Nigam Ltd was given additional spectrum of up to 10 MHz for GSM technology services in over 16 circles even as private competitors have been waiting to be allotted spectrum by the Department of Telecommunications since December 2006.
Organised retail in India's rural hinterland is a very different ball game from what it is in urban centres.
The MEP has been raised from $225 a tonne in May to $495 a tonne in October. Despite this, domestic onion prices have risen sharply. They are currently available at Rs 24 -28 per kg at the retail level, compared with Rs 8-10 a kg in May.
Govt puts populist schemes on fast track.
It is not the urban centres alone that are powering India's phenomenal growth in mobile telephony. Data on rural telephony, compiled by the telecom regulator, shows people in villages are subscribing to mobile services in large numbers
The telecom regulator explains how he's hobbled by government policy and clarifies some parts of his latest recommendations.
The Indian Sugar Mills' Association, the industry lobby group, will take the proposal to Food & Agriculture Minister Sharad Pawar soon, sources close to the development said.
Move to impact joint ventures in telecom, insurance, broadcasting.
The UPA government is likely to close this financial year with around a billion dollars (around Rs 4,100 crore) as receipts from divestment of minority shareholdings in four public sector undertakings.
Sterlite had acquired a 51 per cent stake in unlisted Balco as part of the government's strategic sale of its shareholding in March 2001 for Rs 551.50 crore (Rs 5.51 billion).
Petroleum ministry rejects conclusions of two reports ahead of EGoM.
Groaning under the burden of huge arrears to sugarcane farmers and rising losses, leading sugar producers of Uttar Pradesh have begun filing cases against a December 2006 directive of the state government on sugarcane prices.
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