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Business Briefs

BSNL tower business

New Delhi, Aug. 19: Telecom PSU BSNL is considering hiving off its telecom tower infrastructure into a separate company and will float a tender this week to appoint a consultant to suggest the business road map. “We are exploring opportunities to bring our tower business under a separate company for optimum utilisation. In this regard, BSNL will issue an expression of interest this week to appoint a consultant that will suggest us the road map,” BSNL chairman and managing director R.K. Upadhyay said.

Sebi move

New Delhi, Aug. 19: Market regulator Sebi will next month consider providing capital protection to a part of investments made by very small investors in initial public offers, although the move is being opposed by investment bankers and certain other sections of the industry.

R-Com plea

New Delhi, Aug. 19: Telecom tribunal TDSAT has rejected Reliance Communications’ plea against the guidelines issued by the government for the proposed auction of spectrum.

NSE feat

Mumbai, Aug. 19: The National Stock Exchange has emerged as the world’s second-largest bourse in terms of turnover in trading of index as well as stock futures, according to latest data from the World Federation of Exchanges.


 
 
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