'Else they will form a growing 'hospital sector' -- and the taxpayer will be asked to pick up a mounting bill,' warns T N Ninan.
Bank stocks rose sharply by up to 12 per cent after the government's move to withdraw 500 and 1,000 rupee notes from circulation as part of black money crack down
The regulator has suggested that all spectrum will be auctioned as opposed to the current policy of bundling it with a 2G licence. A beginning has been made with the auctioning of spectrum for 3G services, which is due later this year. Trai has also suggested that licences for any telecom service should be auctioned as opposed to the current policy, where it is given on a first-come-first-served basis. The new policy is expected to be ready by the end of December this year.
Eight telecom companies, including Bharti Airtel, Vodafone and Idea Cellular, the biggest three in the country, bid a combined Rs 61,162 crore (Rs 611.62 billion) in the spectrum auction held earlier this month.
Auto, tourism exceptions but major sectors otherwise saw decline in FY13 inflows.
Nifty PSU Bank index gained 1% led by Allahabad Bank, Andhra Bank, Syndicate Bank and IDBI Bank
The 50-issue NSE Nifty in range-bound movements settled higher by 59.15 points, or 0.58 per cent, at 10,252.10.
The cable industry has asked the government to quickly address the policy issues related to the Internet Protocol TV. Otherwise, over 3,000 unauthorised television channels, which include pornography, will enter Indian homes.
Palaniswami and Paneerselvam joined to oust Dinakaran and EC cancelled R K Nagar by-election.
A good monsoon could rein in food inflation. Largely good corporate results mean better days are ahead. Nifty may reach record levels, points out Devangshu Datta.
Describing north-east as the "gateway" to south-east asia, Prime Minister Narendra Modi on Friday said his government has been pro-actively pursuing the 'Act-East Policy'
The company has enhanced validity and talk-time of its already launched GSM tariff plans. Under the new offer, subscribers would be able to make local calls at 50 paise per minute (Re 1 earlier) and STD calls at 75 paise per minute (Rs 1.50 earlier). It had also extended validity for lifetime (licence period of the company).
FDI inflows into services sector grew by about 47 per cent to $2.64 billion in April-January last fiscal.
Accusing the United Progressive Alliance government of "heaping hardships on people," Tamil Nadu Chief Minister J Jayalalithaa flayed its "knee-jerk" reaction of increasing Foreign Direct Investment cap in different sectors and warned that its "insensitivity" towards people will take its toll soon.
'Fiscal purists would quarrel with the idea of selling assets to pay for current expenditure -- such as the payout to farmers and the health insurance programme -- for the obvious reason that the process cannot go on forever.' 'At some point, the list of assets available for sale will run out,' notes T N Ninan.consultations -- something already aired in connection with the lease of airports to the Adani group, says T N Ninan.
The government is looking at reworking on the current spectrum policy to ensure efficient management of the radio wave.
Combining affordable IT with native Indian ingenuity and entrepreneurship F C Kohli believed would enable Indian small businesses match anyone and thrive.
Before leaving on a 10-day foreign visit starting Monday, Sharma said he would address concerns of foreign retail sector investors and ensure help in setting up stores.
'It's looking odds-on there won't be a data protection law before this edition of the Lok Sabha is dissolved.' 'This limbo has enabled all sorts of businesses that would be illegal in countries that do have data protection laws,' notes Devangshu Datta.
A DoT panel has backed net neutrality and made some recommendations to push the cause
Prime Minister Narendra Modi will retain DoPT, Atomic Energy as well as all important policy issues and portfolios not allocated.
Overall foreign inflows in the country rose by 27%.
The department of telecommunication had earlier said a CDMA operator had written a letter to the government seeking auction of additional spectrum against the current subscriber-led allocation.
DoT opposes the auction of 2G spectrum as anti-consumer and warns PMO that such a move can result in monopolising of mobile services in India.
Despite a slowing economy, the Budget does not envisage any major stimulus through the budgeted fiscal deficit figures, said Goldman Sachs.
New winds are blowing in the Ministry of Communications and Information Technology offices at Sanchar Bhavan.
Hemant Kanoria tells Niraj Bhatt why understanding the dynamics of the borrower's business is critical for the lender.
In a bid to augment its revenue, the postal department would soon commence life insurance business, Union Minister for IT and Telecom A Raja has said.
Bharti Airtel Chairman Sunil Mittal's bid for telecom major MTN Group has to contend with some tough negotiations with Lebanon's former prime minister Najib Mikati, one of the wealthiest men in his country, as well as stiff black economic empowerment policies in South Africa that provide for a major share in the management of companies located in the country to blacks.
Nifty crosses 9,750-mark; Bharti Airtel, TCS, Wipro, Lupin and Coal India gained the most on BSE Sensex
'This coming general election is not going to be about manifestoes.'
After building a subscriber base of nearly 50 million in about eight chequered years, it finally gave up as it saw itself up against a 600-pound gorilla that breezed through double that many subscribers in a fraction of that time, says N Sundaresha Subramanian.
Foreign direct investment (FDI) in India almost doubled to $2.16 billion in December 2014, compared to $1.10 billion in the same month of 2013.
The former PM also hit out at the Modi government saying it was "harping" on corruption to divert people's attention.
Prime Minister Manmohan Singh on Wednesday said he has asked the Group of Ministers, tasked with the vacationing of spectrum, to expeditiously conclude its deliberation and suggest a roadmap regarding availability and timing of spectrum to telecom service providers.
VoIP services include communications applications such as Skype, Line and Viber
Appraising Rediff.com about the meeting, a source close to Dr Singh said Modi sought Dr Singh's advice on the economy and foreign policy. Dr Singh told Modi that he concurs with the Reserve Bank of India's concerns about the Indian economy.
The S&P BSE Sensex plunged 301 points to close at 25,490 and the Nifty50 fell 86 points to end at 7,815.
They are asking TRAI to reject the plan in the interest of protecting the citizens' right to use Internet
In June 2012, the country had received FDI worth $1.24 billion.
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