The vacation of additional 2G and 3G spectrum may generate additional revenue of about Rs 80,000 crore (Rs 800 billion) on the basis of prices according to spectrum auctioned last year, DoT said in a note for the empowered group of ministers.
The anti-depressant drug market in the US is primarily ruled by Effexor XR (Venlafaxine) of Wyeth (now owned by Pfizer).
Firms to pay Rs 24,700 cr if spectrum formula is accepted.
A decision on the merger will take some time as there are procedural problems with MTNL being a listed entity and BSNL non-listed.
If the deal materialises, Angel will have to pay at least Rs 800-1,000 crore (Rs 8-10 billion) for a 51 per cent stake, valuing the brokerage at Rs 1,500-2,000 crore (Rs 15-20 billion). The talks are at an early stage.
Started in 1857, Alstom is one of the grand old companies of Europe.
The rise in material prices and excise duty is set to raise the prices of liquor brands across the country. According to officials of various companies, the brands will be costlier by 15-20 per cent from April.
This has happened despite an increase in peak demand of power.
BSNL has been among the top three net losers in terms of subscribers. MTNL, which operates in only the Delhi and Mumbai circles, has lost, too.
The Chhabria-promoted Rs 1,200 crore (Rs 12 billion) Allied Blenders & Distillers will launch two brandy brands in South India next month.
Consolidation seems to the key word among private equity (PE) backed companies. In the first few months of 2011, about 20 merger & acquisition (M&A) deals worth $150 million took place.
Luckily for him, the bumps on the way got forgotten, thanks to his expertise in earning high returns for investors through patient exits.
The two PSUs have been losing revenues as well as market share.
Gati Coast to Coast was set up in 1986 as a service provider for all sea-bound cargo in the Bay of Bengal, Andaman Islands and Malacca Straits.
A memorandum of understanding between the defence and telecom ministries for vacation of spectrum was signed two years ago.
The wait for mobile subscribers to get relief from telemarketing calls has got longer. The Telecom Regulatory Authority of India (Trai) has extended the deadline for the third time for implementation of guidelines to curb telemarketing calls, to April 1.
The proposal gains significance because the merger plan was given a quiet burial under former telecom minister A Raja.
Macquarie-SBI Infrastructure Fund (MSIF), one of the largest in this category in India, run by Macquarie SBI Infrastructure Management Pvt Ltd (MSIT), is in an advanced stage of talks with a shipping port company to make an investment of about Rs 1,000 crore ($200-220 million).
Gitanjali Gems plans to hive off various businesses.
The automobile services segment, from radio taxi services to used cars, is seeing increased interest from venture capital (VC) investors.
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