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Spectrum Auction: 3rd Day receives offer of Rs.77,000 Cr
Day three of the e-auction of radio frequency spectrum, or airwaves, with the eight companies in the fray made an offer for Rs.77,000 crore at the end of the 17th round, the government said on Friday. "Seventeenth round was completed with…
Day Two: Spectrum e-auction sees bids of Rs.65,000 Cr
Day Two of the e-auction of radio frequency spectrum, or airwaves, for telecom services saw bids placed for all the four frequencies on the block, with the eight companies in the fray making an offer for Rs.65,000 crore at the end of the…
BSE Sensex closes 68 Points up, Healthcare Stocks zoom
A benchmark index of Indian equities markets, the 30-scrip BSE Sensex, closed Thursday's trade up 68 points or 0.23 percent. The wider 50-scrip Nifty of the National Stock Exchange (NSE) closed the day's trade flat, up 15.10 points or 0.17…
HCL, Tele2 enter into Partnership for Internet of Things
IT services company and European telecom operator Tele2 have entered into a partnership to address the substantial market opportunities for machine-to-machine (M2M) and Internet of Things (IoT) solutions in Europe, a statement issued by…
Spectrum Auction: Enters Day 2, receives Bids in all 4 Bands
The telecom radio frequency spectrum - or airwaves - auctions that started March 4 entered the second day on Thursday and received bidding in all four bands. The auction is taking place on 800 MHz, 900 MHz, 1800 MHz and 2100 MHz bands.
A…
Obama names Indian American Investor as IMF Director
President Barack Obama has nominated Sunil Sabharwal, an independent Indian American investor in the payments sector, as US Alternate Executive Director at International Monetary Fund for a term of two years. The White House sent…
BSE Sensex trades Flat; Capital Goods Stocks down
A benchmark index of Indian equities markets, the 30-scrip BSE Sensitive Index, BSE Sensex, was trading flat in the afternoon session on Thursday. The wider 50-scrip Nifty of the National Stock Exchange (NSE) was also trading flat, down 16…
Loans could become Cheaper as RBI cuts Key Rates
Housing, auto and commercial loans could become cheaper with the Reserve Bank of India cutting key lending rates by 25 basis points in an unexpected move on Wednesday as it expected inflation to soften further, sending stock indices soaring…
Second Round of Coal Auctions begin
Leading wire roap maker Usha Martin submitted the closing bid of Rs.1,804 per tonne for the Brinda and Sasai block in Jharkhand as the second round of auctions began Wednesday of the coal blocks whose allotments were cancelled by the…
BSE Sensex crosses 30,000-mark; Nifty touches Record High
A benchmark index of Indian equities markets, the 30-scrip BSE Sensex, Wednesday touched a new record high of 30,024.74 points as India's central bank, the Reserve Bank of India, cut its key lending rates by 25 basis points, expecting…