Tata Motors on Friday said it will cut passenger vehicle prices ranging between Rs 65,000 and Rs 1.45 lakh effective September 22 to pass on the full benefit of GST reduction to customers. The Mumbai-based auto major said that its small car Tiago will see a price drop of Rs 75,000, Tigor Rs 80,000, and Altroz Rs 1.10 lakh.
Stock markets will be driven by quarterly earnings by index majors, global trends and the RBI's interest rate decision this week after digesting news on budget proposals and US Federal policy outcome, say analysts. The trading activity of foreign investors and the movement of global oil benchmark Brent crude would also dictate trends in equities. "On the domestic front, the MPC (Monetary Policy Committee) meeting is scheduled from February 6-8.
The government said on Thursday that talks between basic and cellular operators to resolve the contentious WLL issue have failed.
Cellular operators on Monday asked the Telecom Regulatory Authority of India to consider a compensation to offset loss of 80 per cent of their businesses within a local area, which had been adversely affected with the introduction of WLL services.
The wireless in local loop services will cost more as a result of the latest order by the Telecom Regulatory Authority of India to enhance the rates of basic telephones from April one.
Noted banker Deepak Parekh has favoured a lower revenue share by cellular operators in order to allow full mobility to the wireless in local loop operators.
Cellular operators on Monday moved Telecom Dispute Settlement and Appellate Tribunal against limited mobility operators accusing them of violating licence conditions and judicial orders of the tribunal.
The Telecom Dispute Settlement and Appellate Tribunal has refused to give an interim order against Reliance's proposed roaming facility on WLL phones as the telecom regulator Trai said it was examining Reliance's reply.
Cellular operators on Thursday sought the help of the Telecom Regulator against the WLL players whom they allege are misleading the public into believing that WLL(M) was identical and even more advanced than mobile services.\n\n\n\n
Tata Group Chairman Ratan Tata on Monday said the government's decision to restrict WLL mobile services within a local call area, known as short distance charging area, will not have any adverse impact on Tata's WLL operations.
The government on Thursday sought to allay customer fears over wireless in local loop, saying there was no restraint on basic telephone operators providing the service.
The Supreme Court on Friday deferred till Monday (November 10) the hearing on the appeals filed by Cellular Operators' Association of India against a telecom tribunal verdict allowing WLL.
Taking cognizance of cellular operators' complaint, Telecom Regulatory of India has asked Reliance Infocomm to explain about roaming services being promised by them on their WLL phones.
The wireless-in-local-loop subscriber base of private basic operators increased to 52.45 lakh (5.25 million) in October against 46.18 lakh
Amid the ongoing controversy on Wireless in Local Loop services, the limited mobility base of BSNL, MTNL and private operators has risen to 1.49 million, as on March 31, 2003 against 660,000 subscribers in the previous month.
The Cellular Operators Association of India on Tuesday filed an appeal in the Supreme Court against the Telecom Dispute Settlement and Appellate Tribunal's majority judgement which had allowed limited mobility (WLL) services to basic operators.
The Telecom Dispute Settlement and Appellate Tribunal on Friday, by a majority judgement of 2:1, dismissed the petition filed by cellular operators challenging government's decision.
In a bid to resolve the row between cellular and basic players, Communication and IT Minister Arun Shourie constituted on Friday a 7-member committee including Reliance's Mukesh Ambani and Bharti's Sunil Mittal
They are expected to announce special incentives on tariffs and value additions for cellular customers to prevent them from moving away to WLL.
Government on Monday indicated the one-by-six scheme for assessing income tax will be looked into to include wireless in local loop-based mobile phones.
The cellular phone companies using the WLL-CDMA technology will increase their subscriber base by 86.6 per cent in 2004-05 as against the expected growth of 40 per cent in GSM customers, according to a study.
In a move to capture a slice of the rapidly growing domestic mobile phone market, public sector telecom equipment major ITI Ltd on Tuesday said it was contemplating manufacturing GSM cellular phones, besides WLL-CDMA instruments in the country.
The Supreme Court on Friday stayed a telecom dispute tribunal's order directing the government to give to cellular phone service providers copies of files pertaining to its decision allowing WLL operations.
Its legal opinion on the judgment makes it clear that the mobility of WLL operators has to be restricted to the local calling area or the short distance charging area.
Cellular operators on Monday gave a commitment to IT and Communications Minister Pramod Mahajan that they will immediately start routing all calls including limited mobility services.
Continuing the tariff war in mobile telephony, Tata Teleservices on Friday announced the lowest entry cost of just Rs 999 for its WLL mobile phones, while offering lower call charges.\n\n\n\n
Yediyurappa is made of sterner stuff and is not going to yield so easily.
India's cellular and WLL additions exceeded 67 lakh (6.7 million) during April-July, against 14 lakh (1.4 million) additions a year-ago, owing to the adoption of growth oriented and forbearing tariff policies, TRAI said on Tuesday.
Former India player Mohammad Kaif believes that Sanju Samson should be picked for the ODI World Cup at home in October-November.
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