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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).

Rs 9.9 lakh highest offer at NID
In a first at the National Institute of Design (NID), academic profiles were offered to the graduating batch of young designers during placements this year. The annual industry interface at NID campuses in Ahmedabad and Gandhinagar saw around 70 firms visiting the campus. Apart from academics, profiles in auto design, apparel design, retail, and product design were offered by some of the biggies like Honda R&D, Bajaj Auto, LG, Madura Garments, TAFE, Luxor, Godrej Industries Limited, and Godrej & Boyce Manufacturing.

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'Accord appears to be complete betrayal of poor, weaker nations'
Business Standard / December 27, 2009, 0:21 IST
Management

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. - Letters: Dialling trouble">Letters: Dialling trouble - Tata Tele leads mobile user addition with 3.3 mn in Dec - Trai contemplating regulations for telecom tower biz - Reliance Infratel IPO gets Sebi"s nod - GTL-Aircel tower deal confirmed for Rs 8,400 cr - Newsmaker: Sanjay Kapoor">Newsmaker: Sanjay Kapoor “The allegation of the incumbent (Vodafone) is illogical, baseless, misleading and a blatant attempt to divert the focus from the real issue, which is that the incumbent and other players are hoarding spectrum beyond the contracted amount of 6.2 MHz and not allowing other players to start services in Delhi,” a Tata Teleservices spokesperson said. Vodafone, one of the largest GSM operators, had said that service providers like itself and “Bharti pay the highest spectrum charges per MHz to Department of Telecommunications (DoT) compared to others... For example, the rate per MHz per quarter for Bharti and Vodafone for 7 circles is Rs 1.71 crore and Rs 1.37 crore, respectively.” “As compared to this the rate paid by Tata and Reliance is only Rs 0.27 crore and Rs 0.22 crore,” Vodafone’s Resident Director T V Ramachandran has said in a letter to DoT, asking it to remove such distortions.


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