TRAI’s recommendation may lead to an spike in call charges across India. This was revealed by Uninor’s Managing Director Sigve Brekke at Patna “It will definitely impact the telecom sector in a negative way, if the government accepts the TRAI recommendation on the spectrum auction… mobile users will end up paying more as call charges,” [...]
Bihar CM Nitish Kumar has asked Reliance aided Raymond to setup its manufacturing unit in Bihar.He also promised to provide the required land for the same. Speaking after inaugurating a tailoring training centre at the ITI premise in Digha set up by Raymond Ltd, Kumar urged its managing director Gautam Singhania, who was present, to [...]
Country’s inflation has rose much faster-than-expected to 7.23 percent in April as compared to 6.89 percent in the previous month, mainly driven by a sharp increase in the prices of food items and manufactured products, government data showed. The monthly inflation based on wholesale price index (WPI) was 9.74 percent during the corresponding month of [...]
Commerce Secretary Rahul Khullar will today take charge as the chairman of the Telecom Regulatory Authority of India (TRAI). His appointment has been approved by the government. Khullar will replace J.S. Sarma for a three-year term, sources privy to the development told IANS. The appointment comes at a critical time when TRAI’s recommendations on the [...]
The Telecom Regulatory Authority of India (TRAI) has retained its recommendations on high reserve price for spectrum auction despite staunch criticism by the industry. “The reserve price for spectrum has been estimated on the basis of the perceived value of spectrum to the user,” TRAI said in a late night statement. “The last price of [...]
Increasing internal demand and motivating expatriates to send home more remittances may solve the Indian economy’s problems due to a depreciating rupee, an industry lobby said Sunday. “At present, NRI deposits are between $52 and $55 billion, which needs to be pushed up to an ambitious level of $75-80 billion,” said Assocham (Associated Chambers of [...]
Norway has warned India of Political consequences if its promoted company Telenor Fails in India. Telenor holds 67 percent stake in Uninor, a cellphone operating Company “Telenor is not just any company. 54% of the shares are owned by Norwegian people through state and thus, it has even further political implications that such a company [...]
The agitating pilots of Air India Saturday said they are willing to hold unconditional talks with the government to end the impasse caused by their five-day strike, but claimed the management is not keen to listen to their demands. “We have written to them (management) several times in the past, letting them know of our [...]
Government today said over one lakh vacancies in Railways will be filled up during this fiscal, including the safety related posts, and the e-booking site will be upgraded to enable one million ticket sale per day. Railway Minister Mukul Roy said while 75,000 candidates have been recruited following the streamlining of the examination process, “1.44 [...]
) India’s exports grew by a sluggish 3.2 percent to $24.50 billion in the first month of the current financial year, after recording nearly 21 percent growth in 2011-12, Commerce Secretary Rahul Khullar said Thursday. Imports increased by 3.8 percent to $37.9 billion in April year-on-year, leaving the monthly trade deficit of $13.4 billion. This [...]
