As e-auction of telecom spectrum concluded on Wednesday, analysts said the winners faced a piquant situation now as their steep bids will burden their financial state further with limited elbow room to pass it on to customers in the form of tariff hikes....
Seven entities, including Axis Bank and SIDBI, have applied for licences to set up and operate Trade Receivables Discounting System (TReDS) - an institutional arrangement to meet financing needs of micro, small and medium enterprises (MSME) through discounting their trade receivables, said the Reserve Bank of India on Wednesday....
The e-auction of radio frequency spectrum, or airwaves, for telecom operators concluded Wednesday after 19 days and 115 rounds of rigorous bidding with officials placing the initial estimate of total commitments at over Rs.109,000 crore....
Former foreign secretary Nirupama Rao has been named non-executive independent director of media house Network 18, now a part of industrialist Mukesh Ambani's group....
Luxury automobile manufacturer Mercedes-Benz launched on Wednesday two of its specialty cars -- the new CLS-Class Coupé and the E-Class Cabriolet. ...
The government is shortly coming out with an “open software policy†to further the process of transparency and credibility in administration, Communications and IT Minister Ravi Shankar Prasad said here on Wednesday....
After 19 days of rigorous bidding, the auction of airwaves for telecom operators concluded Wednesday, with officials initially placing the figure of cumulative bids at over Rs.100,000 crore....
A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), closed Wednesday's trade down 50 points or 0.18 percent....
Trust an ex-telecom minister who is also a legal eagle -- an attribute he shares with current incumbent Ravi Shankar Prasad -- to point out a "crucial flaw" in the on-going spectrum auctions....
A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index (Sensex), was trading flat at 11.49 points or 0.04 percent up as healthcare stocks rose....
