The move is being considered after growing clamour from competing 4G operators for a level playing field in relation to Qualcomm.
TV Today stock rises 15.23% on sale buzz
Anil Ambani-promoted multiplex chain may sell stake to the Mexico-headquartered global giant
The airline operates flights to eight international destinations: London, Dubai, Colombo, Singapore, Bangkok, Hong Kong, Kathm-andu and Dhaka.
Malaysia's leading telecom operator, Axiata, has backed out of its negotiations to pick up a substantial stake in broadband wireless access operator Tikona Digital.
The beauty and wellness formats will be started in Reliance Hypermarkets in May.
Airlines to nearly double bilateral utilisation to 40% from April
All shares owned by Max group promoters shifted to two trusts
Cash-strapped Lilliput, the country's largest kidswear brand, may soon get a luxury makeover.
This reduction is likely to increase the average load factor, currently around 75 per cent, and the yields thereby.
In a move that could pave the way for open auction of the 2G spectrum released from 122 cancelled operators, a draft Cabinet note prepared by the Department of Telecommunications (DoT) has recommended the spectrum price be discovered through an auction involving "existing players and new parties".
Sistema Shyam TeleServices Ltd is a venture involving equity participation by Sistema of Russia, the Russian Federation and the Shyam Group of India.
This will be the second high-profile exit from the company in recent months after Arun Kapur, the former chief executive, quit late last year.
The Directorate General of Civil Aviation (DGCA) has recommended giving financial autonomy to Air India Charters Ltd (AICL), the company which runs Air India Express, the low-cost brand of Air India operating in the international sector.
We are not a fly-by-night operator, says Sandip Das.
But says the airline will have to meet targets to get fund.
In what could mean a big investment opportunity for the construction industry in the years to come, the road transport ministry plans to more than double private participation in highway construction during the 12th Five Year Plan starting April 2012.
Four proposals by foreign firms deferred; half a dozen others waiting in the wings.
Regulator puts price at average of 1.65 times 3G cost; Sibal's approval needed for rollout.
The Foreign Investment Promotion Board (FIPB) has rejected a proposal by Mauritius-based Axiata Investments 2 India Ltd, part of Asian telecom giant Axiata Group, to increase its stake in Idea Cellular by acquiring shares from the stock exchange.
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