Migration option scrapped for incumbent telecom operators; EGoM meets under Pawar today.
International telcos such as Russia's Sistema and Norway's Telenor and foreign investment funds such as KAIF Investments Mauritius and Capital Global Ltd (investors in Loop Telecom) have sent legal notices to the Indian government under the respective Bilateral Investment Promotion & Protection Agreement or Comprehensive Economic Cooperation Agreement.
In a move that could hold a flicker of hope for telecom operators, who have been opposing the high base price for the auction of 2G spectrum, the empowered group of ministers (EGoM) has quietly modified the key objective of the auction. The text of the objective has been tweaked from "revenue maximisation" to "maximising revenue but within set parameters" determined by the government.
Corporate affairs ministry note for ministerial group says can't keep banking, telecom out of CCI purview as RBI, Trai enable but not regulate competition
Pawan Munjal, MD & CEO, tells Business Standard that Hero Motor is firming up distributors abroad and considering assembly bases in some countries to sell a million units outside India by 2017.
Toyota is working on developing six subcompact cars as part of its global strategy to increase volumes in emerging markets over the next four years.
In a new twist to the battle between German footwear major Adidas and its key former employees, a trial court in Gurgaon denied anticipatory bail to Subhinder Singh Prem, former managing director, and Vishnu Bhagat, former chief operating officer, of the company in India.
Says action taken following Supreme Court order, not because of government decision
Emirates Telecommunications Corporation (Etisalat) has made a representation through the UAE government to request the Enforcement Directorate to withdraw a showcause notice over alleged violations of the Foreign Exchange Management Act (FEMA), insofar as it relates to the company and its directors on the board of its Indian joint venture Etisalat-DB Ltd. The UAE (United Arab Emirates) government owns 60 per cent of the Etisalat group.
Japanese auto major Nissan recently appointed Takayuki Ishida as managing director of its Indian subsidiary Nissan Motor India Private Limited (NMIPL).
The commission has disagreed with another key proposal -- that of allowing operators a deferred payment scheme after the auction.
MSOs are major cable operators who give feed to local cable operators.
RTL is part of Europe's largest media firm, Bertelsmann AG, and has a market cap of $15.5 billion (Rs 69,900 crore).
Japanese auto major Honda Siel Cars India (HSCI), which recently forayed into the intensely competitive small car segment with the Brio, has brought an old hand on deck to grow operations aggressively in the Indian market.
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
After a year of industrial unrest, the big boys of the automobile industry in the Gurgaon-Manesar belt are set to initiate negotiations to settle wage agreements.
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.
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