Top DoT sources said the department was unlikely to go for cancellation of licences, as many of the new operators already had made large investments and had a reasonable presence across the country.
The government may earn about Rs 50,000 crore (Rs 500 billion) from the new telecom spectrum policy, which seeks to delink licences from spectrum, if it decides to fix the price based on the figure discovered through last year's 3G auction.
Industry sources say, on an average around 200,000 porting requests were received from across the country.
L&T operates in 152 businesses, including nuclear reactors, power generation equipment, airports, oil & gas pipelines, roads, computer software and financial services.
Essar wants reverse merger of Essar Telecom Holdings Ltd into its listed group firm, India Securities Ltd.
A team from CBI's bank securities & fraud cell in Delhi visited SBI's offices in Mumbai and Delhi and held discussions with senior officials of the bank. The CBI office, however, said no 'search' operations have been conducted so far.
Singapore Telecommunications (SingTel) has increased its stake in Bharti Airtel, India's largest mobile service provider, to 32.15 per cent from 32.04 per cent.
As settlement in dollars has become difficult due to sanctions imposed against Iran, India and Iran will explore other currencies like the euro, yen and dirham to resolve the stalemate over payment for oil imports at their meeting later this week in Tehran.
A deal with Gamesa seen valuing firm at $3 billion.
The Tata Steel nominee on the board of Riversdale, Narendra Kumar Misra, abstained from voting on a resolution to announce and recommend the offer to shareholders.
Public relations companies are telling their top executives not to go beyond the limited mandate they have received from their clients, even as many agencies with a large public affairs business agree that access to government officials has become difficult in the wake of the Niira Radia tape scandal.
A battle between incumbent GSM and CDMA operators has broken out, with Marten Pieters, the managing director of Vodafone Essar, the country's second-largest telecom operator, lashing out at comments made by a competing operator, saying it was ridiculous to imply that incumbent GSM players like them were hoarding scarce spectrum.
The country's largest mobile service provider Bharti Airtel is all set to overhaul its look and come forth in a new avatar. The re-designed logo would be launched for Indian as well as overseas operations to bring synergy among the company's business ventures.
Tata DoCoMo, which became the first private operator to introduce 3G services, today announced an aggressive tariff plan that targets a substantial conversion of its 2G customers.
The Securities and Exchange Board of India (Sebi) has increased the application limit for retail investors to Rs 2 lakh, from Rs 1 lakh at present. The decision was taken at the regulator's board meeting today.
Infosys Technologies, India's second-largest IT services company, has revised upwards its hiring estimate for the current financial year to 40,000 up 11 per cent from the 36,000 projected earlier as the company ramps up capacity to capitalise on emerging opportunities.
Bharat Airways Private Limited (BAPL), a Bangalore-based aviation company, has started the first heli-taxi service in Kerala, connecting Kochi international airport with Sabarimala, a famous pilgrim centre.
The Reserve Bank of India on Tuesday allowed for-profit companies with large and widespread retail outlets to act as business correspondents. The move will both deepen and broaden financial inclusion. Non-banking finance companies, however, have been excluded from the list.
A Congress bastion over the years, the tribal dominated Nandurbar district in Maharashtra has been chosen for the launch of Aadhaar, the unique identity (UID) numbers.
Some of the country's leading FMCG companies they include Nestle, Coca-Cola and Tata Coffee - are investing over Rs 1,800 crore (Rs 18 billion) in the next few months to expand capacity or for inorganic growth.
© 2025 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances