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
Sensex today closed 691.55 point up at 19854.12 , Nifty was up 218 points at 5985.10. It is the 6th bigeest gain in oneday. Today's main contributors are IT stocks. Wipro was up at 535.30 (+8.86%), Infosys up at 1810.90(+6.63%) and Satyam closed at 454.55 up by 6.28%. The buying activity was wide-base and lifted almost all the sectoral indices. Sector wise performance was as follows - BSE IT 4581.61 (+260.98) BSE Healthcare 4294.83(+52.30) BSE FMCG2218.74(+20.29) BANKEX 11101.74 (+363.15) BSE Auto5586.83(+45.57) BSE TECk3961.96 (+185.00) BSE PSU 9830.01 (+317.11) Today BSE Midcap closed at 9211.71 up by 186.17 and BSE Smallcap index closed at 11980.57 up by 167.25 points.
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