The cellular operators criticised the majority judgement of the TDSAT, which had permitted the WLL services, saying there was no reason given by the two judges to justify their views which were contrary to those of the TDSAT chairman.
TRAI said it will submit recommendations on the TDSAT's directive to work out a level playing field between the cellular and basic operators offering wireless in local loop services, to the government in 2-3 months.
A bench headed by Chief Justice T S Thakur also sought a response on the question as to whether the recovery tribunals are equipped to decide the loan recovery cases within a fixed time frame, stipulated under the law.
Telecom Dispute Settlement and Appellate Tribunal on Wednesday sought the views of cellular operators regarding the alleged loss to their revenues on account of limited mobility services.
State-run MTNL will approach the telecom tribunal TDSAT against the TRAI order that brings new access deficit charge regime from February 1, within two days .
Foreign investment firms, especially private equity, are jittery about the Indian market as uncertainty continues to shroud the energy sector.
Telecom Dispute Settlement Appellate Tribunal Monday permitted Bharat Sanchar Nigan Ltd and Videsh Sanchar Nigam Ltd to go for downward revision of tariff of their cellular services without referring the proposals to Trai.
After Chanda and Deepak Kochchar, the Kudvas are the second power couple in the financial world to come under the regulatory glare.
The Supreme Court on Tuesday set aside a telecom tribunal order upholding the governments decision to allow basic telephone operators to provide limited mobility on wireless in local loop.
Setting aside Sebi's direction, the Securities Appellate Tribunal (SAT) on Monday allowed PNB Housing Finance to go ahead with the shareholders' meeting on Tuesday to consider the proposed Rs 4,000 crore-investment by private equity firm Carlyle and others in the mortgage firm. However, results of the shareholders' voting will not be disclosed till further directions from the tribunal. The ruling comes hours after PNB Housing Finance informed stock exchanges that it has appealed against Sebi's direction on June 18 wherein it was asked to defer consideration of the proposed capital infusion proposal till a valuation of the company's shares is done by a registered independent valuer.
Under the Vivad se Vishwas scheme, the MNCs will have to bring in disputed amount to India, else, the entire money will be considered as loan from subsidiaries on which interest will have to be paid.
The Securities and Exchange Board of India (Sebi) has directed Franklin Templeton MF to pay Rs 5 crore as penalty, return over Rs 450 crore collected as 22-month investment management and advisory fees, and imposed a two-year ban on launching new debt schemes for alleged irregularities in running six of its debt schemes that were shuttered last year.
The closure of BPSL would add about three million tonnes capacity to JSW Steel's existing 18 million tonnes.
The ED is of the opinion that the authority stepped into the shoes of the trial court and commented on the preliminary investigation done by the CBI in the impugned order.
Following the Securities Appellate Tribunal directive, Kishore R Chhabria, Madanlal D Chhabria and associates have made an open offer to shareholders of Herbertsons Ltd to acquire additional 20 per cent stake at Rs 90.50 per share plus interest.\n\n\n\n
Granted 6-month relief, subject to interim payments and guarantee, on Rs 3,700-cr demand for alleged transfer pricing in FY09.
The revenue department has not seen a single deposit, owing to the outbreak of the COVID-19 pandemic.
Anil Ambani had given a personal guarantee to the loans given by SBI to Reliance Communications and Reliance Infratel in August 2016.
The Telecom Disputes Settlement and Appellate Tribunal has given the go-ahead to MTNL for recovering Rs 8.7 crore from Data Access.
The Supreme Court on Wednesday rejected the Board Of Control For Cricket In India's plea against a tribunal order asking it to pay around Rs 18 crore as service tax for video graphing matches and selling the feed to private sport channels.
The direct tax arrears and disputes have cost the exchequer dear locking up over Rs 1,13,000 crore (Rs 1,130 billion) in revenue till now, which if recovered would almost wipe off the fiscal deficit of the Centre.
In a setback to telecom service providers, the Supreme Court on Thursday allowed the Centre's plea to recover adjusted gross revenue (AGR) of about Rs 92,000 crore from them.
Wimco was bound to surge on Wednesday after SAT upheld a Sebi decision ordering parent Swedish Match to make a 20% offer to the shareholders of the company.
The Rajasthan government has suspended Indian Administrative Service officer B B Mohanty in the alleged rape and exploitation case of a 23-year-old girl.
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