Komal Meswani

Enough 3G spectrum for 3 Operators – DoT

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With enough spectrum available with the Department of Telecom (DoT), the release of frequencies by the Defence Ministry for auctioning 3G radio waves is not needed at present. DoT has currently an adequate amount to give the initial 5Mhz of spectrum to at least three players in a circle, according to government sources.

Barring Rajasthan on absence of 3G radio waves, the DoT has 3G spectrum available in different amounts in various circles and hence, spectrum availability does not stand as a deterrent to the auction process. To top it up, any release by defence ministry would be treated as an additional gain, which will help in giving spectrum to more players.

Read moreEnough 3G spectrum for 3 Operators – DoT

FIIs net sell of Rs 126 cr (prov) in the cash segment on Friday

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Foreign institutional investors (FIIs) were net sellers of Rs 126.10 crore (provisional) in the cash segment on Friday, as per information posted on the BSE website. While FIIs made gross purchases of Rs 1,535.22 crore, their gross sales amounted to Rs 1,661.32 crore. Domestic institutional investors (DIIs) were net buyers of Rs 443.74 crore (provisional) … Read more FIIs net sell of Rs 126 cr (prov) in the cash segment on Friday

Falling consumer sentiment Pulls down American Markets & Indian GDRS

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The US markets finally gave up on Friday after the Reuters/University of Michigan index of consumer sentiment fell significantly short of expectations for the first part of August. The weak consumer sentiment data fueled concerns about the strength of an economic recovery and the major indices declined by about 1%. Stocks fell across the board, with the biggest losses among financial, energy and material companies – industries that posted some of the biggest gains in recent days. Investors also sold off oil and other commodities and moved their money into the relative safety of the dollar and government bonds.

Read moreFalling consumer sentiment Pulls down American Markets & Indian GDRS

Food inflation may get worse as monsoon likely to remain well below LTA

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India may face serious food inflation as the south-west monsoon is showing fresh signs of a poor delivery. While the government is trying to ready some backup plans, the overall impact on agriculture if monsoon trips may be disastrous. The heightened worries regarding monsoon came after Australia’s weather bureau warned that the development of an … Read more Food inflation may get worse as monsoon likely to remain well below LTA

Infosys Sales + Profits under Pressure – EPS to be Lower by 9.6%

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Infosys Technologies, India’s leading Software Professionals arbitrage and Manpower trading company is under tremendous pressure for the recently ended quarter. Sales down 2.9% QoQ andNet Profit down 5.3% QoQ. Had the Indian Rupee strengthend against USD, Infosys results could have been wors. The management has guided EPS for FY 10 to be in the range … Read more Infosys Sales + Profits under Pressure – EPS to be Lower by 9.6%