Skip to main content

News - Telecom

Govt may ask GSM players to return spectrum (Business Standard 1st Jan 2008)In what could be another blow to existing GSM mobile operators, the government may soon demand return of excess spectrum held by them beyond the eligible limit.The move comes after the government last week decided to allot additional spectrum based on Trai's subscriber-linked criteria and GSM lobby Cellular Operators Association of India (COAI) accepted the decision.Going by Trai norms, which suggested up to six times more subscribers to become eligible for additional spectrum, the operators may end up holding excess airwaves. These surplus airwaves can accommodate 4-5 new players, sources said. More
Zing Thing: Spice adds masala to spectrum drama (The Economic Times 1st Jan 2008)The battle for radio frequencies shows no sign of ebbing. After Idea Cellular, Spice Communications has now warned the Department of Telecom (DoT) against manipulating the priority list of allocation of radio frequencies. Spice has pointed out that under the current policy, licences and spectrum are awarded on a first-come-first-served basis, and since it (Spice) had applied in 2006, it was ahead of all new applicants in the queue. More

Comments

Popular posts from this blog

Jyoti Structures bags Rs 253 cr worth orders

Jyoti Structures on Tuesday said it has bagged two orders worth Rs 253 crore from Uganda Electricity Transmission Company Ltd and Eskom Enterprises (Pty) Ltd for construction of transmission lines. The company has bagged Rs 160-crore order from Uganda Electricity Transmission Company Ltd for construction of transmission lines and sub-stations. Besides, the company's joint venture company Jyoti Structures Africa (Pty) Ltd has bagged a contract for Eskom Enterprises (Pty) Ltd, the electricity utility of South Africa for construction of transmission line. The scope of the order from Uganda Electricity Transmission Company includes supply and erection of Bujagali Interconnection Project, the manufacturer of transmission line towers informed the Bombay Stock Exchange. The contract valued at around $39.64 million (Rs 160 crore) is to be executed in 24 months, the company said, adding the company would construct 220 kV and 132 kV transmission lines and substations.

Day End Report

The Sensex opened with a positive gap of 317 points at 9,362, on the back of on-going pull-back in the market. Intra-day profit taking saw the index pare gains during the day, the Sensex however ended on a firm note at 9,788 - up 744 points With today's gain, the main index of the Bombay Stock Exchange, the Sensex, gained over 27% (2,091 points) from it's Monday low of 7,697. However, the index was down almost 24% (3,072 points) for the month, and down nearly 52% (10,499 points) so far this year. The BSE Metal index surged over 10% to 5,368, and Oil & Gas index soared over 9% to 6,196.   The market breath was fairly positve - out of 2,575 stocks traded, 1,577 advanced, 915 declined and the rest were unchanged today. Mahindra & Mahindra zoomed 23% to Rs 372. HDFC soared 17.5% to Rs 1,765, and Jaiprakash Associates surged 16.5% to Rs 72. ICICI Bank rallied 15.5% to Rs 399. Sterlite gained 14.5% at Rs 282. Reliance and Reliance Communications moved up 13.8% each to Rs 1,37...

Market ends quiet on the first day

Market Closing Report - Source Moneycontrol.com Sensex closed up 13.72 points or 0.07% at 20300.71, and the Nifty up 5.75 points or 0.09% at 6144.35. About 2418 shares have advanced, 651 shares declined, and 36 shares are unchanged. The BSE Bankex was up 1% at 11,510.31. IOB, Allahabad Bank, Centurion Bank, Andhra Bank, Karnataka Bank closed in green. The BSE Capital Goods Index closed flat at 19,747.80. Greaves Cotton, Kirloskar Oil, Astra Microwave, Reliance Infra closed higher. The BSE Auto Index closed at 5,716.49 up 1%. Hind Motors, Apollo Tyres, Exide Industrie, Bharat Forge, Tata Motors closed higher. The BSE Metal Index closed at 20,061.49 up 0.2%. Mah Seamless, JindalStainless, Jindal Saw, SAIL, Jindal Steel closed higher The BSE FMCG Index closed up 2.4% at 2,375.07. ITC, Marico, Tata Tea, Dabur India, HUL, Godrej Consumer ended higher BSE Oil and Gas Index closed at 13,280.88 down 0.2%. Essar Oil, Petronet LNG, Reliance Petro, ONGC ended higher. The BSE IT Index was at 4,471...