FreePress India - Breaking News and Editorial in Indian Business

Aircel pocket internet plan rates

August 18, 2009 by Komal Meswani

We have received the rates of Aircel Pocket Internet and they are as follows, All prices in Rs. SMS sent for activation will be charged at INR3 per Browsing charges 10ps/10KB Astro 5 Wall Papers 15 Polyphonic ring tone 15 True tones 20 Mp3 tones 20 Animation 15 Videos 30 Themes 50 Movie themes 30 … Read more Aircel pocket internet plan rates

Massive Corruption by Petroleum Ministry under Congress Led Government

August 17, 2009 by Editor's Desk

The Petroleum Ministry headed by Sri Murli Deora [Acting as an Agent of Reliance Industries] will betray to all Indians a sum of Rs 30,000 crore and help make on company RIL a super-normal profit of Rs 50,000 crore and th Government getting only Rs 500 cr of the KG Basin Gas. All the elected … Read more Massive Corruption by Petroleum Ministry under Congress Led Government

RBI reference rate for the dollar at Rs 48.68 on Monday

August 17, 2009 by Editor's Desk

The Reserve Bank of India on Monday fixed the reference rate for the dollar at Rs 48.68 against the previous rate of Rs 48.27 on Friday. The corresponding exchange rate for the euro was Rs 68.77 (Rs 68.89) and that for the UK pound was 79.8133 (Rs 79.9930). The reference rate for the Japanese currency … Read more RBI reference rate for the dollar at Rs 48.68 on Monday

Enough 3G spectrum for 3 Operators – DoT

August 17, 2009 by Komal Meswani

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.

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

August 17, 2009 by Komal Meswani

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

August 15, 2009 by Komal Meswani

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.