These individuals largely include businessmen associated with companies, including the dummy ones, in sectors ranging from real estate, financial services, technology and telecom to paints, home decoration, textiles, engineering goods, gems and jewellery. Several of these persons and their companies are said to be based in Kolkata, Gujarat, Bengaluru, Delhi and Mumbai.
Telecom major Videsh Sanchar Nigam Ltd on Monday said all issues with Reliance Infocomm over Flag Telecom
Vodafone can mitigate risks of money-laundering through M-Pesa by making sure the funds are being traced.
A high-level review meeting chaired by Prime Minister Manmohan Singh on Wednesday conceded a suggestion for immediate sale of 10 percent government equity in state-owned telecom giant BSNL.
DoT had raised the demand on December 22 and asked RCom to pay within a month.
Subject to Union government approval, the board of state-owned telecom company Bharat Sanchar Nigam Ltd on Thursday cleared a proposal for the divestment of 30 per cent government equity in it, as suggested by a committee set up under Sam Pitroda, the prime minister's telecom and infrastructure advisor.
The Sam Pitroda Committee, set up by Prime Minister Manmohan Singh to devise methods to revive BSNL, has recommended rationalisation of 300,000 staff of BSNL to stem human resource costs.
'Else they will form a growing 'hospital sector' -- and the taxpayer will be asked to pick up a mounting bill,' warns T N Ninan.
Offering lucrative incentives, Telecom Minister Ravi Shankar Prasad on Sunday invited US technology companies to start manufacturing in India, for meeting domestic needs and exports, under the 'Make In India' initiative.
With hopes of raising funds through an initial public offer (IPO) or selling a stake to a strategic investor fading due to stiff opposition from the unions, the government is working on a proposal for a private placement of shares for Bharat Sanchar Nigam Ltd (BSNL), India's fifth-largest telecom company,
The telecom industry is moving towards a five-plus one model.
State-run BSNL on Saturday approached telecom tribunal TDSAT against sector regulator TRAI's decision to cut a levy paid by private operators to the public sector company for its rural operations.
DoT committee rejects most Trai suggestions for freeing airwaves for sale.
The continuing stress faced by corporate India has weakened their debt-servicing capability and this is reflected in the banks' books, as yet-burgeoning bad loans.
India needs $70bn of private investment in infrastructure and will not get it without a level playing field.
A new dimension will be added to the India's growth story by Bharti Airtel's acquisition of Kuwait's Zain Telecom, besides enhancing the country's brand equity
Telecom tribunal TDSAT has decided to hear all three petitions against TRAI filed by BSNL and COAI collectively on May 26.
The CBI has completed its probe against former telecom minister Dayanidhi Maran and others in 2G scam and will approach the Centre for taking sanction for prosecution, the agency told the Supreme Court.
'The economy has to become the government's No. 1 priority, which it is not at the moment,' says T N Ninan.
Top losers in the Sensex pack included ICICI Bank, Tata Steel, Vedanta, HDFC IndusInd Bank, Tata Motors, RIL and ONGC -- falling up to 4.45 per cent.
With the green cover gone, the bald roads to Puri are now reigned by lorries laden with electric poles, ambulances, fire service vehicles and cranes, signalling the rebuilding effort is in the works.
State-run BSNL Friday said it may directly talk to Zain Telecom to acquire a controlling stake after the exclusive talks period between the consortium Vavasi and the Kuwaiti firm ends.
BSNL will now offer free roaming from this month onwards.
The SBI report, however, said the economic growth rate will pick up pace in 2020-21 to 6.2 per cent.
Norwegian telecom firm Telenor, which won licences to operate in six big states in November, is hoping for a further reduction in the start price for the second round of spectrum auction in March.
Recalibrating data of past years using 2011-12 as the base year instead of 2004-05, the Central Statistics Office estimated that India's GDP grew by 8.5% in the financial year 2010-11 and not at 10.3% as previously estimated.
'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 last month had approved a plum Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and offering VRS to employees so that the combined entity turns profitable in two years.
Zee and Star, the two largest media companies in India, are undergoing some radical ownership changes. What could it mean? Vanita Kohli Khandekar attempts an answer.
Officially confirming the change in tack for the first time after months of speculation, Kuldeep Goyal, BSNL's chairman and managing director, told Business Standard, "Foreign partners definitely bring in some expertise that will help the company improve its performance."
Tata Teleservices on Wednesday joined state-owned BSNL for sharing infrastructure across the nation, in a first such partnership that would help the private firm expand its GSM network expeditiously.
Top gainers in the Sensex pack included Bharti Airtel, Tata Motors, IndusInd Bank, Kotak Bank, Hero MotoCorp, Asian Paints and PowerGrid, which rose up to 2.53 per cent.
Others taxed at 5, 12, 18, 28%
'The snakes and ladders game will continue till the consolidation process is complete simply because we don't know how bad the scene is, with some of the banks being merged,' says Tamal Bandyopadhyay.
They said protests took place at around a dozen places in which several protesters were injured.
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