While it was technically not possible to block the deal, the tax department could resort to arm-twisting.
Investors engaged in profit booking in the recent gainers at attractive and higher valuations.
Ramkumar Ramanathan's good run at the Chennai Open continued as he combined with compatriot N Sriram Balaji to knock out fourth seeded Kiwi pair of Artem Sitak and Marcus Daniel on Wednesday and storm into the doubles quarter-finals.
World's second largest mobile operator Vodafone Plc of UK on Tuesday sought FIPB approval to invest Rs 10,141 crore (Rs 101.41 billion) in raising its stake in the Indian arm to 100 per cent.
Ageing leadership, reckless family-oriented politics, absence of inner-party democracy, lack of debate on core issues within the party are all taking a very heavy toll on the original Dravidian party, says R Ramasubramanian.
Uninor added 8.53 lakh subscribers to take its base to 4.01 crore during the reported period.
ICICI Bank has 317 branches in hitherto unbanked villages.
The amount generated so far is about 86 per cent of what the 3G auction fetched in 2010.
Mukesh's television unit has been aggressively wrapping up deals with hundreds of small players in a street-by-street effort to conquer that final hurdle in its cable TV drive
Some investment bankers expect the Indian currency to touch 60-65 by the end of the year
The company needs Rs 2,000 crore more in 2 years to repay debt.
Ambani's $15 bn bet will upend Indian telecom
The third round of spectrum auction continued to witness aggressive bidding even after completion of seventeen rounds on Wednesday with demands for both bands of airwaves on offer continuing to pour in.
Since August 2013, FIPB has approved two FDI proposals in the telecom sector.
A liberalised spectrum allows operators to use any technology to deliver services like 3G and 4G.
Adjusted gross revenue of the industry has grown just 5.3 per cent during the financial year ended March 31
The big beneficiaries of this move will be the big three -- Bharti, Vodafone and Idea.
He allegedly advanced the cut-off date to favour accused firms in allocation of 2G licences.
Spectrum was sold at about 68 per cent premium.
The Telecom Regulatory Authority of India (Trai) has given its recommendations on the much-awaited issue of spectrum sharing.
Ambani said, in the telecom space, the focus will be on debt reduction, and the virtual merger did away with the need for major capex and will help towards this
A glance back at some of the important ups and down Indian Inc faced in 2018.
The lack of bandwidth and content means it will be a long time before online streaming services take off in India.
The former finance minister's only child was arrested at Chennai airport.
Bharti Airtel, Vodafone, Reliance Jio Infocomm and five other telecom firms will battle it out at the spectrum auction tomorrow, from which the government expects to garner at least Rs 11,300 crore (Rs 113 billion).
Yuki Bhambri became only the third Indian to reach the singles quarter-finals of an ATP World Tour event at home after winning his second round against an unfit world number 16 Fabio Fognini even as Ramkumar Ramanathan's fairytale run came to an end in Chennai on Thursday.
With an aggressive Opposition and unyielding government, important legislation could be the biggest casualty, as details of the helicopter contract surface.
Top 5 losers include Infosys, TCS, ITC, M&M and HUL.
Spectrum auction took off on Wednesday from Rs 58,980.29 crore (Rs 589.80 billion) mark with demand for the premium 900 Mhz band seemingly tapering off at the end of 56 rounds.
The company will wait for sizeable user base for better valuation.
The country's wireless subscriber base fell to 87.05 crore at the end of September, registering the first drop in five months, after Reliance Communications deactivated services of over 1 crore "unprofitable" users.
Spectrum is critical for Tata Tele because in some circles, Rajasthan for example, it has spectrum only in 60 per cent of the geography, while allocation for the rest has yet to come from the government.
Cleaning up India's grubby business climate is top of the agenda for both regulators and the government.
Top seed Stanislas Wawrinka scored a clinical 6-3, 6-1 win over Benjamin Becker to progress to the quarter-finals of the ATP Chennai Open even as second seed Michael Youzhny conceded his singles match in yet another the player pull out in Chennai.
Telecom Commission approves high base price of Rs 11,485 cr per Mhz for 700-Mhz frequency; no decision taken on proposed standard spectrum usage charges of 4.5%
Over 1,42,000 people have been rescued from the flood-ravaged parts of Jammu and Kashmir so far, as the relief operations launched by the Armed forces entered the 12th day on Saturday.
Corporate legal cases kept India Inc on its toes in 2014 as high stake matters on coal, telecom and mining came up in the Supreme Court, which also sent Sahara Group chief Subrata Roy to jail.
Though SpiceJet is likely to resume flights, experts have a doubt on the airline's financial capabilities.
As debt piles up, Anil Ambani's ability to see the asset sale plan through will be crucial
They are sure not to like this particular one, observes N Sathiya Moorthy
© 2026 Rediff.com - Investor Information - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances