FDI in mobile TV

New Delhi, Jan. 3: Telecom regulator Trai has proposed a 74 per cent foreign direct investment in mobile television services, and said telecom firms need not seek a fresh licence for such operations in their own network. Mobile tv services can be provided through two routes — using the telecom network with spectrum already allotted, or using broadcasting method.

Oil prices

London, Jan. 3: Oil prices eased slightly today, a day after striking $100 for the first time, on growing concern about supplies and weakness of the dollar. New York’s main contract, light sweet crude for delivery in February, dipped one cent to $99.61 per barrel after spiking to $99.98.

ICI takeover

Mumbai, Jan. 3: ICI India has said the Netherlands-based Akzo Nobel has acquired its parent company ICI plc, which holds a 53.88 per cent equity in the domestic paints and chemicals manufacturer.

Aviation policy

New Delhi, Jan. 3: The new civil aviation policy will take some more time to be finalised as the group of ministers today could not reach a conclusion on relaxing the norms for allowing Indian carriers to fly abroad.

Gold zooms

New Delhi, Jan. 3: Gold prices crossed the milestone of Rs 11,000 per 10 gram amid surging global rates because of soaring crude oil prices and softening of dollar.

Audi unit

New Delhi, Jan. 3: Car maker Audi has started production of its mid-sized sedan A6 at its Aurangabad facility in Maharashtra following which the model will become cheaper by Rs 1.4-2.1 lakh. The company is investing 30 million euros in Aurangabad to have a capacity of 2,000 A6 units by 2015.

Sugar mills

Patna, Jan. 3: Reliance Industries and HPCL were among those who submitted bids to revive six of the 13 state-owned sugar mills in Bihar. The winners are expected to be given the mills on a 60-year lease and are likely to use them for extracting ethanol.