CDMA spectrum demand
New Delhi, Nov. 25: Bharti Airtel, Vodafone and Idea Cellular have demanded allocation of part of the CDMA spectrum in the 800MHz band for GSM services. “We recommend that the 800MHz spectrum band is harmonised with the international band plan to become part of an “extended” 900MHz band; this will increase the availability of spectrum in the 900MHz band by up to 10MHz (or over 40 per cent),” said a letter written by the three companies to the department of telecom.
New Delhi, Nov. 25: A majority of units in the manufacturing sector are expected to register low to negative growth in the October-December quarter mainly because of high interest rates and increasing prices, a CII survey has said.
New Delhi, Nov. 25: Promoters of media publishing major Amar Ujala group are in the process of buying out the stake of foreign private equity player DE Shaw and would consider selling the same to a new investor.
Mumbai, Nov. 25: Market watchdog Sebi has said it will review the regulations regarding fraudulent and unfair trade practices as the present rules need to clearly define “front- running”.
Mumbai, Nov. 25: Foreign entities have pumped in over $19 billion so far —the second highest mark in a year. Foreign institutional investors were gross buyers of shares worth Rs 5,80,183 crore and sellers of equities worth Rs 4,80,778 crore.