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SC refuses to stay WLL services — Asks tribunal to review its decision
THE Supreme Court has directed the Telecom Dispute Settlement Appellate Tribunal (TDSAT) to take a fresh look at its decision to allow limited mobility services based on wireless in local loop (WLL), especially in terms of providing the cellular ...
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Both parties claim victory
IRONIC as it may sound, both the telecom siblings - cellular operators and basic service operators - who have been at each other's throats over the issue of limited mobility services have claimed "victory" over the Supreme Court decision to ...
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Panic buys as gold begins to glitter
GOLD prices continued to skyrocket, touching near a six-year high of Rs 5,520 per 10 gm in Mumbai on Tuesday in the domestic market amidst reports of panic purchases by dealers. Selling, on the other hand, has come to a halt with sellers hoping ...
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Tatas line up premium Safari launch
THE Indigo may be the flavour of the season for Tata Engineering, but the company is suddenly on a roll and is all set to launch a string of models which, as its Executive Director, Dr V. Sumantran, says, will make it a world-class designer, ...
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India takes up Polaris arrests with Indonesia
INDIA today took up with Indonesia the arrest of the Polaris Software Labs CEO, Mr Arun Jain, and another company official in Jakarta over a commercial dispute and hoped that the issue would be resolved soon. The Foreign Office called the ...
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SBI, BoI going in for US GAAP
STATE Bank of India (SBI) and Bank of India (BoI) are going in for US GAAP. This is viewed as a prelude to listing by the banks in a US exchange. SBI has already appointed global consultancy firm PricewaterhouseCoopers (PwC) to advise the bank ...
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US stock market recovery in anti-bubble phase, say physicists
Two physicists of the University of California in Los Angeles have come out with a statistical physics model that predicts that the US capital market, which is currently trying to find its feet, will tumble again. According to a report by ...
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