LIVE MARKET TRACKER :   BSE SENSEX   27346.33      |    NSE NIFTY 8169.20    
GLOBAL MARKETS :  NASDAQ 4574.185   +0.55%    |    FSI London 6463.55   +0.15%    |    NIKKEI Japan 15658.2   +0.67%
  USD GBP EUR CAD AUD INR
USD - 0.6249 0.7928 1.1186 1.1322 61.40
GBP 1.6006 - 1.2689 1.7904 1.8121 98.2744
EUR 1.2615 0.7883 - 1.4111 1.4282 77.4573
CAD 0.894 0.5587 0.7088 - 1.0122 54.8945
AUD 0.8835 0.552 0.7004 0.9882 - 54.2438
INR 0.0163 0.0102 0.0129 0.0182 0.0185 -
Indian-Commodity  :  Economy  :  EGoM on Dec 7 to decide reserve price for unsold telecom spectrum

EGoM on Dec 7 to decide reserve price for unsold telecom spectrum (07-Dec-2012)

To discuss a roadmap for spectrum that remained unsold in the recent auction, the Empowered Group of Ministers (EGoM) on telecom chaired by Finance Minister P Chidambaram is expected to hold a meeting on December 7, 2012. The meeting, which has been deferred twice since last month, is expected to discuss a roadmap for auction of unsold GSM spectrum in Delhi, Mumbai, Rajasthan and Karnataka.

The EGoM will take decision on the reserve price that should be fixed for auction. It also has to decide on CDMA spectrum, which saw no participants due to the high reserve price. The spectrum was left unsold after government was able to auction only a part of the lot. Auction bid for GSM spectrum attracted bids worth only Rs 9,407 crore which is too low as against the minimum expected amount of Rs 28,000 crore.

However, the high-powered EGoM panel, headed by Finance Minister will also take a final call on Department of Telecommunications' (DoT) plan to conduct auction of 900 MHz bands in Delhi, Mumbai and Kolkata region along with 1,800 MHz bands. The proposal to auction 900 Mhz band was suggested after recognizing that the band requires less number of telecom towers as compared to that in 1800 Mhz band.


Top News Today
IL&FS Engineering, Kridhan Infra and GMDC to see some action today
(30-Oct-2014)

IL&FS Engineering, Kridhan Infra and GMDC to see some action todayIL&FS Engineering and Construction Company has won contracts from WBSEDCL (West Bengal State Electricity Distribution Company) for construction of Rural Electrification Infrastructure, Erection......click on news to read complete article.

Moody's retain negative outlook on Indian banks on high corporate leverage
(30-Oct-2014)

MoodyIn yet another worrying development for banking sector, international rating agency, Moody's while retaining its negative outlook for the Indian banking sector, has underscored that high leverage in the......click on news to read complete article.

RIL, Lupin and NMDC to see some action today
(22-Oct-2014)

RIL, Lupin and NMDC to see some action todayReliance Industries' (RIL) telecom arm - Reliance Jio Infocomm is merging its two subsidiaries, Infotel Telecom and Rancore Technologies, with itself. The move is aimed at bringing all its telecom related......click on news to read complete article.

International Stock News
US markets closed lower after Fed ends QE
(30-Oct-2014)

US markets closed lower after Fed ends QEThe US markets closed lower on Wednesday, with Dow Jones Industrial Average snapping a four-day winning streak, after the Federal Reserve made official its plans to end the last round of its recession-era......click on news to read complete article.

US markets climb higher ahead of FOMC meet
(29-Oct-2014)

US markets climb higher ahead of FOMC meetThe US markets rallied on Wednesday, ahead of the Federal Reserve's two-day policy meeting. Federal Reserve officials are widely expected to announce the end to the 2008-era bond-buying stimulus program,......click on news to read complete article.

US markets closed mostly flat; S&P ends in red
(28-Oct-2014)

US markets closed mostly flat; S&P ends in redThe US markets closed mostly flat on Monday, with index rallying the most last week since January 2013. Stocks have historically started to climb before GDP, anticipating economic expansions by an average......click on news to read complete article.

 

     
  
Recent Economy News
 
EquityInvestmentCompany ReportsIPO
Disclaimer
By clicking on this page you accept all the terms and conditions framed by us. News made available here are for informational purpose only. While utmost care has been taken in providing the same. We claim no responsibility for its accuracy. Readers of this blog who make their decision based on the information posted here are solely responsible for their actions.