There are no major announcements in the Union Budget 2014-15.
DoT and the company have not done anything that breached the guidelines mentioned in the notice inviting applications for the auction of the BWA spectrum in 2010, it stated in a reply to CAG's draft audit report.
The government on Thursday issued 22 more licenses to new players, including Idea Cellular and realty major Unitech, a move that would bring in competition and lower mobile tariffs.
Senior party leader Arun Jaitley said the party may be 'little away from the magical figure' of 113 in the 224- member assembly.
The strike entered the 15th day on Wednesday.
Xiaomi has unveiled its flagship Mi5 handset, priced at Rs 24,999.
Riding high on a sharp growth in subscriber base, Anil Ambani group's telecom arm RCOM on Thursday reported a 23.9 per cent jump in its first quarter net profit at Rs 1,512 crore (Rs 15.12 billion) and announced plans to invest over Rs 25,000 crore (Rs 250 billion) in the current fiscal.
It means a CDMA players like Reliance can also operate GSM services and get the required spectrum from the government within the same licence. Earlier, they were allowed spectrum either for CDMA or for GSM within the licence. However, now they have to pay an amount equal to the entry fee of a UASL licence (over Rs 1,680 crore for a pan-India licence) to get the spectrum as recommended by the Telecom Regulatory Authority of India.
'Hopefully, I will become more evolved as a performer in the future.'
License agreements are expected to be signed with all the nine LoI holders in the next two days and spectrum would be allotted subsequently, to begin with, in those circles where it is available readily, telecom ministry officials said. Four firms have got LoIs for pan-India operations while others have got for additional circles. The nine companies are Unitech, Datacom, Shyam Telelink, Loop Telecom, S Tel, Swan Telecom, Spice Telecom, Idea and Tata Teleservices.
During the proceedings, Spice Telecom's counsel Mukul Rohatgi contended that DoT decided not to allow the licence as the operator had a turnover of only Rs 1,100 crore (Rs 11 billion). The decision was discriminatory, he said. However, Telecom Dispute Settlement and Appellate Tribunal declined to pass any interim relief to the firm.
The two, whose names have been withheld, were being questioned by a joint team of intelligence agencies.
Experts believe MNCs, which look for a strong foothold in the Indian kitchen appliances space, target the leading organised players in the industry.
The focus shifts almost immediately from celebrations to the challenges faced by the man who powered his party to 303 seats in the Lok Sabha.
Bangalore-based US Pizza Restaurants, which sells the fast food under the brand name US Pizza, will invest more than Rs 500 crore (Rs 5 billion) to open over 1,000 outlets by 2011 for a pan-India expansion.US Pizza is also planning to open more than 40-45 outlets in European countries such as Norway, Sweden, Germany and France and in domestic front, it is planning to enter a new city every month as they are looking to tap new markets by entering tier-II and tier-III cities.
The government is understood to have decided to issue letters of intent to all applicants seeking permission to start telecom services and is expecting that at least six companies will convert them into pan-India licences after submitting over Rs 10,000 crore (Rs 100 billion) as initial licence fee.
Sena said while no importance is given to veteran BJP leaders, their ashes are treated with importance.
Excise duties on mobile phones to be 1% without CENVAT credit or 6% with CENVAT credit. This provision will have marginal impact on telcos.
New Creta, petrol Vitarra Brezza.. A quick look at what went down at Auto Expo Day 2.
Ranbaxy Group company Fortis Healthcare is targeting a pan-India presence with plans to set up 40 super-speciality hospitals by 2010.
German retail giant Metro Cash & Carry and India's emerging retail venture Reliance Retail have roped in the property services group of ICICI Bank for identifying retail properties for its proposed pan India expansion.
Future Media, the media company of Kishore Biyani's Future group, announced the acquisition of on-screen media rights of all Inox Leisure multiplexes in the country for the next two and half years.
IBM India on Wednesday announced its operations in Vizag, as part of its expansion plans to enter 14 new cities in the country, in line with its strategy to make India a truly global hub.
'There is little doubt that his exertions are among the reasons why Narendra Damodardas Modi routinely lambastes the dynasty at nearly all his rallies, suggesting that he regards the Congress's First Family as a bigger threat than any other political formation,' argues Amulya Ganguli.
MUrgency is slated to launch services in Amritsar and Jalandhar in the last week of May and cover the entire state by June end.
Under pressure from rival CDMA operators and government on the spectrum front, Bharti Airtel on Monday offered Rs 2,650 crore (Rs 26.50 billion) for all-India frequency as an initial bid that can be increased further.
The consumption of unhealthy snacks like pakoras, noodles and chips is at its peak in the pre-dinner period and women and children are the largest consumers of such food, a new study has shown.
Reflective of the conglomerate's ambition to turn into a consumer-driven business, most of the 33 acquisitions in the last financial year were for its digital, retail, or related verticals.
Paramount Airways, the Madurai-based full service airline, is planning to acquire 40 more made-in-Brazil Embraer jets at a list price of $2 billion in a bid to have a pan-India presence.
'There is a design of fundamentalists that the north east must become an Islamic country.'
AT&T has also applied for a universal access service licence (UASL), which allows operators to offer services in both GSM and CDMA technology, with the Mahindra & Mahindra group, for 22 circles. The US company, however, has stipulated that it wants a majority equity stake in the mobile venture.
Paramount Airways aims at acquiring stakes in other airlines as part of its plans for a pan-India presence by 2011, according to its top official.
There's plenty of room for everybody. With the demand for low-cost accommodation on the rise, a whole host of hospitality firms, both foreign and local, is planning to set up budgets hotels.
As the Rs 25,000-crore (Rs 250-billion) consumer durables industry has done away with price cuts this year, companies are providing consumers with a new hook -- value-added offers.
Analysts feel Fortis Healthcare share holders are at a disadvantage and deal valuations had been short of expectations
Bharti Airtel on Tuesday said it has signed a $400 million contract with Nokia to expand its network in eight circles and deploy a pan India WAP solution.
Cellular service provider Aircel will embark on an over $400-million pan-India network expansion to double its subscriber base of 5 million over 18 to 24 months.
The company would fund the expansion through a mix of debt, equity and internal accruals.
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
By April, operational guidelines for the scheme will be finalised and shared with states
