Also being considered is Rs 50 lakh-1 cr taxable income bracket.
Decades of military rule kept the country closed to foreign investors.
The department of telecommunications, in the draft universal licence guidelines to be signed with telcos which recently won spectrum in the 1800 MHz auction of November, has included a new clause for foreign companies.
Three Indian companies registered with the Registrar of Companies use the same brand name.
Agenda for FIPB meeting on Jan 18 doesn't mention its application.
DEA official writes to DIPP suggesting that govt needs to understand what has been left out, and why, in the revised application of the retailer.
Divestment in top PSUs could make the ETF as big as Rs 30,000 crore.
Masood Imad, media secretary to the Maldivian President, says: "We have asked MACL to hire a firm like KPMG to conduct a forensic audit of the firm's accounts.
Did GMR Infra get a sweet deal from former Maldivian president that turned sour as a new government came to power?
Action is hotting up in the telecom space, with Russian giant Sistema in preliminary discussions with Aircel to pick up an equity stake.
Though reserve for CDMA, there were no bidders for the spectrum in the recent auction. GSM operators could buy it to launch 4G and 3G services.
A large migrant population, better law and order situation made the state attractive.
Multiple disputes to ensue; auction begins today, but will do little to quell uncertainty.
After refarming, over 142.5 MHz of spectrum is expected to be available for auctioning next year.
Govt to bear Rs 12k-cr cost of spectrum retention but without any cash outgo put up for Cabinet nod.
A senior executive of GMR group confirmed that both the companies were keen to get out of the venture. Fraport has already closed its development office in India.
Bharat Sanchar Nigam Ltd (BSNL) and Mahanagar Telephone Nigam Ltd (MTNL) have sent separate letters to the department of telecommunications (DoT), asking the government to bear the entire burden of nearly Rs 11,000 crore they need to fork out as one-time payment for additional spectrum.
Govt to review decision after demand assessment.
Subscriber churn costs operators heavily, retailers make Rs 7.7k cr a year.
Idea tops list of companies with high percentage of active subscribers.
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