Editor's Desk

The defence ministry has charged the Department of Telecommunications (DoT) over its failure to inform prospective bidders that the former had vacated two blocks of 3G spectrum for the upcoming auctions.

Telecom minister A Raja is likely to face wrath from different stakeholders with the recent defence ministry’s announcement. On October 26 this year, A Raja wrote to the finance ministry to ask the defence ministry to vacate 3G airwaves ahead of the auctions scheduled for early January 2010.

Engineering and construction major Larson & Toubro (L&T) has bagged a contract worth Rs 6,897 crore from Maharashtra State Power Generation Co. (Mahagenco) for 300 × 660 Megawatt (MW) super-critical boiler turbine generator units.

This is one of the single largest Engineer-Procure-Construct (EPC) orders in India’s power sector, the company said in its filing with the BSE.

Read moreL&T bags a contract worth Rs 6,897 crore from Mahagenco

The Reserve Bank of India (RBI) has made it clear in the latest monetary policy review that even though it would continue to support the cause of faster economic growth, there would be no relaxation in the objective of price stability and avoiding bubble economies. In this wake, the apex bank may take some more steps going forward to suppress formation of an asset bubble.

Read moreRBI may take more measures to check asset bubble

IT major Wipro and Delhi international Airport Private Limited (DAIL) have inked a ten-year total outstanding agreement to provide world class IT infrastructure and services for the Indira Gandhi International Airport (IGIA), New Delhi.

The partnership assumes significance as IGI airport’s new integrated terminal (T3) will be the gateway for the Commonwealth Games, scheduled to be held in New Delhi. Terminal 3 at IGIA will be one of the largest airport terminals in the world.

Read moreWipro inks long term partnership with DIAL