Spectrum war: DoT hits back at GSM players (The Economic Times 31st Dec 2007)The Department of Telecom (DoT) has challenged existing GSM operators who have been opposing the grant of Letters of Intent (LoIs) to new entrants. The DoT, in an internal note, has pointed out that some vested interests were creating misconception that LoIs should be issued to new players only if spectrum was available, even as all telecom policies since 2003 categorically stated that any number of LoIs could be issued to new players who want to enter the telecom sector. More
The Royal Bank of Scotland (RBS) has picked up 0.60% stake in logistic services provider -- Gateway Distriparks. The bank has bought 6.40 lakh shares in the company for a total consideration of Rs 8.32 crore. Gateway Distriparks, incorporated in 1994, is engaged in the business of warehousing, container freight stations, providing handling and clearance of sea borne export-import trade in containerized form.
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