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Saturday, November 20, 2010
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2G: New operators may be told to pay more or quit
DoT move to compensate Exchequer for loss; cancelling licence may not be viable. The Department of Telecom may ask new mobile operators to either pay an additional fee or surrender their 2G licences, in a bid to counter allegations of causing ...

Bank, oil stocks drag Sensex down 345 points
The Sensex and the Nifty fell substantially in late trading on Friday; the fall was triggered by choppy and volatile action in banking, oil and gas, realty and ...

The WTO Director-General,...
India hype eclipsing value of globalised cos: Parikh
Quality stocks overseas await Indian buyers with more remittance facility. “Invest in global companies listed outside India”, that's the message from Mr Parag Parikh, Chairman, Parag Parikh Financial Advisory Services and one of the ...

Gold ETFs glitter; October collections double to 13.99 tonnes
Holdings under gold Exchange Traded Funds (ETFs) saw a surge in October as collections almost doubled to 13.99 tonnes on a year-on-year basis, according to commodity analysts. Gold collections under gold ETFs in October 2009 amounted to ...

Bajaj to ride on Pulsar, Discover brand identities
Company to increase retail presence in smaller towns. Bajaj Auto will incorporate its twin brand strategy of the Pulsar and Discover across all its dealerships with the help of a UK-based ...

High court upholds Karnataka ban on iron ore transport, export
The Karnataka High Court on Friday upheld the ban on transport and export of ...

Attorney-General to represent PM in 2G spectrum case
The Law Minister, Mr M. Veerappa Moily, said on Friday, that the Attorney-General, Mr G.E. Vahanvati, will represent the Prime Minister, Dr Manmohan Singh, in the Supreme Court, in a case related to the Rs 1.76-lakh crore 2G ...

Decision on Posco Orissa plant in a couple of weeks: Jairam
The Environment Ministry is likely to decide the fate of the South Korean giant Posco's proposed $12-billion integrated steel plant in Orissa in the next ...

Korean giant to invest $600 m in Maharashtra
South Korean steelmaker Posco will invest $600 million in Maharashtra ...

Govt admits to lapses in rice exports to Africa
PSU officials did not exercise due diligence: Anand Sharma. The Government today conceded in the Lok Sabha that in the export of non-basmati rice to some countries during the period December 2007 to March 2009 on diplomatic grounds despite the ...

Vedanta secures $6-b funding for Cairn India deal
A consortium of European and American banks have agreed a $6-billion financing deal for Vedanta Resources' $9.6-billion takeover of ...

TRAI suggests penalty on 7 telcos for missing roll-out
Tata Tele and Vodafone also under scanner. Apart from suggesting cancellation of licences of new operators, the Telecom Regulatory Authority of India has also recommended penalty on nearly 40 licences owned by seven companies, including Tata ...

Widespread rain over TN, Kerala
Widespread rainfall has occurred over Tamil Nadu and Kerala during the 24 hours ending Friday morning ahead of an easterly wave action expected to be triggered along the Tamil Nadu coast ...

How the six telecom companies went out of range

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Markets (Nov 19)
Nifty (at close)5,890.30(-108.50)
US Dollar(Buy/Sell)45.29/30
Brent crude (a bbl) Rs3,866
Gold (a gram) Rs1,873
Silver (a kg) Rs41,765

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