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Telcos clash yet again over spectrum fee
After a brief lull, mobile operators have begun clashing over the fee paid for spectrum (air-waves), with Vodafone claiming Tata Teleservices and RCom were underpaying the government — a charge denied by the two companies.

IDBI Bank yet to begin Rs 13,000 cr syndication for RPower
IDBI Bank, which has been mandated to raise Rs 13,000 crore syndicated loan for Reliance Power"s Krishnapatanam Ultra Mega Power Project (UMPP) has put the process on hold.

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'It's for defence ministry to release more spectrum'
The Department of Telecommunications (DoT) is hopeful that the defence ministry would release more spectrum for the 3G auction scheduled for next month.
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Farmax Retail plans to raise Rs 500 cr

Farmax Retail (India) today said its board has approved to raise funds up to Rs 500 crore through various routes including issue of foreign currency convertible bonds (FCCBs) and global depository receipts (GDRs). - Power, FMCG drag Sensex - Maruti, Tata Motors lead auto rally - Fedders Lloyd bags Rs 120 cr power project order - Bharati Ship extends gains after ABG exit - Flawless Diamond bags Rs 18 cr order - Asahi Infra bags Rs 8 cr housing order The fund raising plan also includes follow-on public offers (FPOs) and qualified institutional placements (QIPs). The board has also approved sub-division of shares in the ratio of 1:2 in the meeting held today, Farmax Retail said in a filing to the Bombay Stock Exchange. The company would hold an extraordinary general meeting of the shareholders on January 1, 2010 to get approval for the above matters, the filing added.


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