Eleven telcos, whose licences will expire between 2014 and 2021, will have to pay this 13-figure sum if the government accepts the telecom regulator's proposal of pricing second generation radio airwaves on the basis of prices determined at the just-concluded auction of third generation spectrum.
A sweeping set of reforms proposed for the country's mining sector have led to a faceoff between the Union law and mines ministries.
The Board for Reconstruction of Public Sector Enterprises will take up the case of ITI in its next meeting, on May 31.
West Bengal Chief Minister Buddhadeb Bhattacharjee, once the poster boy of development for the Communist Party of India-Marxist, has come under fire in the party's latest 'rectification' campaign.
The money constitutes nearly 26 per cent of the total domestic borrowing of the Indian corporate sector in 2008-09.
Following the week-long standoff between the Nagas and the Manipur government over Thuingaleng Muivah's visit to his native village, the Congress core committee decided not to allow the separatist leader to enter the state. After prolonged deliberations, the party top-brass on Wednesday felt that the visit of the country's top rebel leader from the National Socialist Council of Nagaland-IM might worsen the law and order situation in Manipur.
The Telecom Regulatory Authority of India (Trai) chairman J S Sarma said his recommendation to tweak the existing norms for mergers and acquisitions aims to prevent the union of two big companies or a big and a medium-sized operator, but it provides enough scope for mergers between others.
Indian telecom operators came out in open support of Chinese equipment makers, saying the government cannot deprive Indian consumers of the cutting-edge technology which these companies offer by denying security clearance to them.
The United Progressive Alliance government has initiated a move to revive a 20-year-old controversial bill which seeks to give representation to workers on company boards. As a first step, Union Labour Secretary Prabhat Chaturvedi met human resource directors and other senior officials of 12 'Navratna' PSUs in Delhi.
Operators Bharat Sanchar Nigam Ltd, Bharti Airtel, Vodafone-Essar, Aircel, Mahanagar Telephone Nigam Ltd and Idea Cellular might have to fork out over Rs 11,200 crore for having spectrum beyond 6.2 MHz, if the government accepts the Telecom Regulatory Authority of India (Trai) recommendations.
Operators with more than 6.2 MHz of spectrum in GSM will have to cough up more if the Telecom Regulatory Authority of India has its way. Trai is recommending sweeping changes in the country's telecom landscape by replacing the current subscriber-based allocation of 2G spectrum.
Maruti Suzuki has asked its 200-odd vendors to cut their component costs by three per cent across the board in this financial year.
FIPB may be asked to vet downstream projects.
Bajaj Auto Managing Director Rajiv Bajaj said the company has, in partnership with Renault-Nissan, developed India's most fuel efficient and least-polluting car engine.
The Centre extended the deadline for implementing cleaner emission norms for two-wheelers across the country, a move that has come as a big relief for auto manufacturers, especially the country's largest two-wheeler maker, Hero Honda.
Coca-Cola's sports-loving CEO on the strategy that has helped him steer the soft drinks giant out of various crises.
The world's third largest tobacco company by sales volume, Japan Tobacco Inc, has invested $65 million (Rs 293 crore) in its Indian unit without increasing its shareholding, just days ahead of a government decision to ban foreign direct investment in cigarette manufacturing.
The ministry has said a more effective monitoring mechanism could be set up jointly with the ministries of commerce and urban development to ensure FDI does not 'render policy objectives in a sensitive sector of the economy with limited practical significance'
Caught in the vortex of a political cyclone that the affairs of the Indian Premier League (IPL) have turned into, the Congress is clear: It wants heads to roll, but they must be of CEOs and not any more ministers.
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