The power ministry has submitted a draft Cabinet note proposing to modify the 1995 mega power policy to allow a more flexible system of private participation in distribution through a franchisee model.
The Department of Telecom has asked the Group of Ministers on telecom spectrum to direct the Ministry of Defence to immediately release 20 Mhz spectrum in the 1,800 Mhz band for mobile phone operators.
Speculation high because of low number of end-users, says study.
Reliance Communications has sought government approval for sponsoring a secondary Global Depository Receipts offering of up to $1.2 billion, representing 6.53 per cent of the total paid-up equity shares of the company.
The Telecom Commission is considering imposing fines of Rs 400 crore (Rs 4 billion) on seven telecom service providers for delay in commissioning of services. A note for this purpose was put up for consideration last month.
The government is mulling a policy for developing hydro-power capacity, under which projects, possibly of 2,000-3,000 Mw each, would be drawn up and offered to private and public sector developers.
The Ruias are contemplating approaching the Ministry of Company Affairs for its views on the Right of First Refusal (RoFR) clause in their shareholders' agreement with Hutchison Telecom International Ltd (HTIL).
An investment of Rs 61,000 crore will be needed to overcome hotel room shortage in the country.
At present, the service tax rate stands at 12 per cent. Added to this is a 2 per cent education cess, bringing the incidence to 12.24 per cent.
The 10 ITC Hotels branded as Sheraton at present were expected to be re-branded as Luxury Collection soon, sources in the know said.
An interview with ESPN Software (India) Pvt Ltd's Managing Ddirector R C Venkateish.
Congress president Sonia Gandhi and Prime Minister Manmohan Singh will not be able to attend the annual World Economic Forum meeting to be held at Davos from January 24-28 next year.
The world's leading funds and financial institutions have invested in Unitech Corporate Parks Plc, the company that the Unitech Group floated last week at the London Alternative Investment Market.
This is the same level as the peak rate of the Association of South East Asian Nations.
In a move to promote more efficient use of land, the Union government is planning to persuade states to enact legislation for ownership of apartments.
Ahead of the 2010 Commonwealth Games and the shortage of hotel rooms in the national capital region, Noida is clearly beating Delhi in wooing the country's leading hotel chains by offering land at rock bottom industrial rates.
Having made public its tie-up for a retail venture, the Bharti-Wal-Mart combine is roping in leading realty majors like DLF, Emaar MGF, and Ansals for handling the massive real estate requirements of the project.
Tesco has admitted that its plan to be the first multinational supermarket retailer in India has unravelled.
a scarce resource. By some estimates, spectrum worth Rs 7,690 crore (Rs 76.90 billion) has been given away for ''free'' for mobile licences.
The Planning Commission's projections for the 11th Five Year Plan,
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