28 December 2010

INDIA BUSINESS UPDATE 28th December 2010

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PESKY CALLS MAY CONTINUE TILL END-JAN
Mobile subscribers may have to wait for some more time to get relief from unsolicited calls and SMSes, as telecom regulator Trai is likely to postpone the January deadline to bring an end to such calls to February 1. On December 1, 2010, the Trai had come out with guidelines on unsolicited telemarketing calls and SMSes, to be implemented from January 1, 2011. According to Trai sources, the telecom operators will delay the implementation by a month time because of certain security concerns.

LEAD STORIES

KALMADI SHIPPED OUT CRUCIAL CWG DOCUMENTS TO USA
Commonwealth Games Chairman Suresh Kalmadi has reportedly shipped out incriminating documents related to the Games to the USA.

SENSEX LOSES EARLY GAINS; SLIPS 44 PTS TO 20,028
Market lost its early gains as there was selling in metal, telecom, ADAG and power. Nifty fell 13.50 points to end at 5,998.10.

TOP STORIES
•CAG briefs PAC on 2G spectrum allocation report
•PM writes to PAC, says ready to appear before panel
•Hunt for Raja-Radia-licencee links
•Maharashtra, Delhi attracted 50% of FDI in H1 FY11
•India has 706 mn mobile connections: TRAI
•Tata International buys 76% in Bachi Group
•ONGC to raise stake to 49% from 21% in Pawan Hans
•iGate, Apax close to buying 63% of Patni Computer
•Promoters raise stake in Unitech by 1.18% to 48.57%
•Not interested in taking over Wockhardt: Sun Pharma
•Union Bank raises lending rate by 50 bps to 9%
•LIC may shelve plans of launching infra bonds
•Air India seeks Rs 2,000 cr from govt for FY12
•Ravi Kumar Distilleries zooms 25% on debut trade
•Decision on 'captive' coal blocks with 82 firms in Jan
•Inflation may continue to trouble in 2011: Assocham
•135 more Telangana protest cases to be withdrawn
•Gujjar agitation in Rajasthan enters eighth day
•Foggy Delhi affects air, rail traffic
•Dravid becomes first fielder to take 200 Test catches

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