3G will boost advertising budgets of telecom operators
May 26, 2010 by admin
Filed under Economy News
The completion of the third generation (3G) radio spectrum auction last week has not only opened new opportunities for the winning telecom bidders but also the media and entertainment companies. Given the prevailing super competitive conditions in the telecom market, operators will push up their advertisement spending to secure the largest pie in small but lucrative 3G market.
Power projects may soon get gas from KG basin
May 26, 2010 by admin
Filed under Economy News
The government is likely to soon allow new power projects to get gas from the Reliance Industries’ (RIL) KG basin as the empowered group of ministers (EGoM) on gas policy gets ready to pick next set of customers for the RIL gas. Unlike last time, when gas was decided to be allocated only to projects that were already operational but were facing shortage of gas, this time the EGoM is likely to focus on greenfield projects.
DIPP mulls 100% FDI in multi-brand retail
May 25, 2010 by admin
Filed under Economy News
In a bid to enhance competition in the country’s retail segment, the Commerce and Industry Ministry is likely to propose 100% Foreign Direct Investment (FDI) in multi-brand retail. However, it is likely to suggest stiff local sourcing requirements and mandatory investments in backward linkages. The proposal, if implemented, will open the door to the likes of Wal-Mart and Tesco to start their operation in India.
Government Mulls to Develop Strong Corporate Debt Market
May 25, 2010 by admin
Filed under Economy News
The Indian government finally seems to have woken up to the need of a strong corporate debt market in the country and has entrusted the task to the oldest regulator in the financial sector. The Reserve Bank of India (RBI) had in fact earlier too pointed out the need for a stronger debt market in the country in its publications and will now move rapidly to achieve this end.
Government Hints at Hike in Fuel Prices
May 25, 2010 by admin
Filed under Economy News
Union Petroleum Minister Murli Deora hinted on Monday that prices of auto and cooking fuels might be hiked following an inter-ministerial meeting on June 7 amidst surging under recoveries of the three public sector oil marketing companies – Indian Oil, HPCL and BPCL.
Telcos approach TDSAT against TRAI recommendations
May 25, 2010 by admin
Filed under Economy News
A number of large telecom operators including Bharti Airtel, Vodafone Essar and Idea Cellular have approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to seek intervention in the 2G spectrum recommendations of the Telecom Regulatory Authority of India (TRAI). The issue will come up for hearing on Tuesday.
Telcos approach TDSAT against TRAI recommendations
May 25, 2010 by admin
Filed under Economy News
A number of large telecom operators including Bharti Airtel, Vodafone Essar and Idea Cellular have approached the Telecom Disputes Settlement and Appellate Tribunal (TDSAT) to seek intervention in the 2G spectrum recommendations of the Telecom Regulatory Authority of India (TRAI). The issue will come up for hearing on Tuesday.
India, ASEAN to resume talks on services FTA in June
May 25, 2010 by admin
Filed under Economy News
Keeping in view of the strong contribution of the services sector to the country’s GDP, India is keen to open up trade in services with its trading partners. Officials from India and the ten member of the ASEAN (Association of South East Asian Nations) will meet in June this year to speed up the ongoing talks for opening trade in services.
Crisil Expects 100 Million 3G Subscribers in Five Years
May 25, 2010 by admin
Filed under Economy News
Research firm Crisil said on Monday that the customers for the third generation (3G) mobile services were likely to touch 100 million in five years. It also expects huge investment to be made by telecom operators to implement various 3G operations.
All ASEAN members to start trade with India by August
May 24, 2010 by admin
Filed under Economy News
In a move that will provide further thrust to the country’s stature international trade, all the remaining ASEAN (Association of South-east Asian Nations) members will commence trade with India by August this year. The India-ASEAN trade pact could only be operationalised with three countries like Singapore, Thailand and Malaysia since January.