DoT asks CDMA operators to pay Rs 3,033 crore one-time spectrum fee

The Department of Telecom, DoT, has asked CDMA telecom operators to pay one-time spectrum fee.This charge has been levied on the operators for the spectrum they hold beyond the initial frequencies that were allotted to them.The DoT in its order has said the charges for holding spectrum above 2.5 Mhz...

Govt asks CDMA operators to pay Rs 3,033 crore one-time fee

The Department of Telecom, DoT, has asked CDMA telecom operators to pay one-time spectrum fee.This charge has been levied on the operators for the spectrum they hold beyond the initial frequencies that were allotted to them.The DoT in its order has said the charges for holding spectrum above 2.5 Mhz...

Govt asks CDMA operators to pay Rs 3,033 crore one-time fee

The Department of Telecom, DoT, has asked CDMA telecom operators to pay one-time spectrum fee worth over Rs. 3,000 crore.This charge has been levied on the operators for the spectrum they hold beyond the initial frequencies that were allotted to them.The DoT in its order has said the charges for hol...

Airline industry in India witnessing a revival, says Ajit Singh

FM to meet heads of PSU banks tomorrow

Finance Minister P Chidambaram will meet heads of public sector banks tomorrow. The agenda includes direct benefit transfer, deteriorating asset quality and credit growth.The high-profile meeting will be held a day before mid-quarter review of monetary policy by RBI. It is widely expected that RBI m...

Petrol prices cut by 2 rupees a liter; no change in diesel prices

Petrol price has been cut by 2 rupees per litre with effect from past mid-night, following a decline in international crude oil prices. The Indian Oil Corporation while announcing the price revision has said that there is no change in diesel price. Price cut has also been implemented by all oil reta...

Sensex down 143 pts to close at 19,428

The Sensex at the Bombay Stock Exchange declined 143 points, or 0.7 percent, to close at 19,428, amid weak European markets, today. The Nifty at the National Stock Exchange fell 36 points, or 0.6 percent, to 5,873.Stock markets in Japan, China, Hong Kong, Singapore and South Korea ended mixed.

Rupee gains 24 paise to quote at 54.11 against dollar

The rupee today gained 24 paise to 54 rupees 11 paise against the dollar in early trade at the Interbank Foreign Exchange market on increased selling of the US currency by exporters and banks.Forex dealers said, a higher opening in the domestic equity market and strengthening of euro and yen against...

Sensex loses over 150 points in afternoon trade

Giving up all its initial gains, the Sensex at the Bombay Stock Exchange stood 157 points, or 0.8 percent in negative territory, at 19,413 in afternoon trade, a short while ago.Earlier in the morning, however, the Sensex had opened with a good gain of 99 points, or 0.5 per cent, at 19,670, amid hope...

Sensex trading 117 points down in afternoon trade

The Sensex at the Bombay Stock Exchange is trading 19,452 points down by 117 in afternoon trade. Earlier Sensex rose by nearly 99 points in morning deals on sustained buying by funds amid a firm trend on other Asian bourses.The wide-based National Stock Exchange index Nifty moved down by 26 points t...