IEX, promoted by Financial Technologies, will be a pan India neutral and transparent electronic demutualized exchange for efficient price discovery in the electricity market. PTC India Ltd has consented to take 26 per cent stake in IEX.
Mumbai continued to be the most expensive service area as its bid stood at Rs 2,939.59 crore.
'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.
"We have almost entirely solved the case. We have arrested 10 people who were involved in the July 26 blasts including the mastermind, Mufti Abu Bashir," Gujarat Director General of Police P C Pande said. He said most of the arrested persons were part of the banned Students Islamic Movement of India and Bashir, picked up in a joint operation by the Uttar Pradesh and Gujarat Police, had planned out the entire blasts.
The bookings for Rs 1 lakh Nano car by the Tata Motors are pouring in from all parts of the country as the sole booking agent SBI said it has distributed lakhs of applications for the world's cheapest car.
Sena said while no importance is given to veteran BJP leaders, their ashes are treated with importance.
There are no major announcements in the Union Budget 2014-15.
Goa Chief Minister Manohar Parrikar on Friday asserted he will remain in state politics saying he is not eyeing the national political stage either "through Lok Sabha polls or any other way".
The strike entered the 15th day on Wednesday.
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.
Xiaomi has unveiled its flagship Mi5 handset, priced at Rs 24,999.
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.
"We had received leads into the case on the basis of five mobile phones used by the conspirators of the blasts," Joint Commissioner (Crime Branch) Ashish Bhatia told media persons as police claimed to have solved the July 26 serial blasts by arresting 10 alleged SIMI activists, including mastermind Mufti Abu Bashir.
The telecom ministry has referred the matter of number of 3G spectrum slots in each circle to the Finance Ministry.
New telecom operators who have been given licences to operate pan-India GSM mobile services are all set to fight a bitter battle with the established GSM players like Bharti Airtel, Vodafone and Idea Cellular.
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.
'There is a design of fundamentalists that the north east must become an Islamic country.'
The two, whose names have been withheld, were being questioned by a joint team of intelligence agencies.
Senior party leader Arun Jaitley said the party may be 'little away from the magical figure' of 113 in the 224- member assembly.
How unbranded hotels are hitching a ride on branded ones for growth. Overall, India's hospitality market has seen close to 7,133 hotel rooms being converted into organised, branded space over the last 36 months, said Jain.
Analysts feel Fortis Healthcare share holders are at a disadvantage and deal valuations had been short of expectations
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.
MUrgency is slated to launch services in Amritsar and Jalandhar in the last week of May and cover the entire state by June end.
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.
By April, operational guidelines for the scheme will be finalised and shared with states
Experts believe MNCs, which look for a strong foothold in the Indian kitchen appliances space, target the leading organised players in the industry.
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.
Excise duties on mobile phones to be 1% without CENVAT credit or 6% with CENVAT credit. This provision will have marginal impact on telcos.
In the quarter ended September 30, the Pirojsha Godrej-led firm recorded Rs 492 crore net sales, up 49% year-on-year
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.
2017 saw the highest-ever mobilisation by way of IPOs of close to Rs 700 billion. The momentum is expected to continue this year as well.
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.
The prime minister has been unstoppable as he transported the BJP to colossal success on a wave of muscular nationalism, majoritarian pride and charisma.
Tamil Nadu, the best-performing state, managed to do this in 63 days. Land allotment took 156 days nationally and 28 days in Himachal Pradesh. Environmental approval took 91 days nationally and 25 days in Chhattisgarh.
Sports Minister Rajyavardhan Singh Rathore hopes the stupendous success of FIFA Under-17 World Cup would motivate the country's budding footballers to improve their game and eye a World Cup qualification in near future.
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.
If Advani's ideological leadership galvanised the party's cadres and core support, Vajpayee soaring oratory, common touch and easy charm won over the masses.
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