Friday, December 7, 2012
' Doctor Who, ' ' The snowmen ': 5 things to know about the Christmas Special
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Elizabeth Johnson, mother of missing Baby Gabriel Johnson, sentenced to 5 years
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6 rituals Goriest on Earth
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Most viral Tech ads from 2012: Samsung's iPhone Fanboy Ad takes the Crown; Apple has surprisingly weak showing
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U.s. consumer debt Hits record level: Loans rises to 2.7 trillion
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China's ' mountain-moving Project ' near Lanzhou would flattening territory for development (VIDEO)
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Edie Windsor responds to Supreme Court to agree with her case DOMA
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Rita Crundwell Home auction: U.s. Marshalls sell Eclipse of Ex-Comptroller tasteless, lush and Bizarre possessions
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LAX Restaurants: Tom Bradley International Terminal Will Boast LA best brands (photos)
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Psy apology: ' Gangnam style ' singer apologizes for anti-American lyrics
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Tippi Hedren, ' The Birds ' Star: Alfred Hitchcock ruined my career (VIDEO)
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Long married couple, Melvin and Doris Cornelson, die within hours of each other
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Hillary Clinton Benghazi testimony: Minister of Foreign Affairs to testify before the Commission to the European Parliament about the deadly attack
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' Masters Of Sex ' and ' Ray Donovan ': Showtime of new dramas get a Risque Preview trailer (VIDEO)
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US foreign direct investment-in-retail vote sees as incentive for investment in India
"There was a political process that is unfolding. All sides had the chance to express their views, whether for or against it, and it was approved, "said the American official.
Also welcomed the U.S.-India Business Council (USIBC), the leading business advocacy group, on Friday, the Indian Parliament vote, that the entry of FDI in multi-brand retail will facilitate.
"This will usher in the much-needed investment and expertise in the supply chain development that can link directly to farmers markets more efficiently, so as little as possible loss due to insufficient storage and transport facilities," said USIBC President Ron Somers in a statement (here).
' FDI in multi-brand retail will support the Government objective of achieving remunerative prices for farmers, and also quality and choice for India's increasingly sophisticated consumer base will increase, "said Somers.
Recognize that it is up to the individual States, this proposal would be the USIBC is keen to work with progressive Governments, including Uttar Pradesh, Gujarat, Maharashtra, Karnataka, Tamil Nadu, Andhra Pradesh, Punjab and Bihar, and in 2013 will lead many of its 350 member companies for a visit to these countries, it said.
PTI
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Europe Standard Workover rig mud system exported By GN Solids Control
GN Solids Control
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You are the most important person In your world: 8 ways to practice self-care during the holidays
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Marijuana initiatives set In 2 States federal officials scrambling
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Bridal Guide: how to decide where to spend the holiday
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' Leverage ' could end after season 5, creator Dean Devlin Announces potential Series Finale
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Japan earthquake: strong part seems northeast coast; Tsunami warning (VIDEO)
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Treat Williams for a visit to ' Chicago Fire ' and more Casting News
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Typhoon Bopha: Rescuers search for survivors as death toll In Philippines climbs past 500 (VIDEO)
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Spectrum re-auction: EGoM today a call
Minister Kapil Sibal has said these auctions would be completed in March 2013, but unless a new price formula is worked out for the four circles in question, how will the conduct of the auction forward?
Since Trai all that not in favour of a spectrum prices lower than the reserve price Rs 14,000 crore has indicated the recommended for the first round of the auction, there is really very little Sibal can do is other than to send a new reference to TRAI.
If this happens, the process of consultation and final recommendations may take months-perhaps violating the deadline March 2013.
Another 1800 MHz auction now takes even more meaningful because the Government has received only Rs 1 crore against Rs 40,000 crore, 706.92, had hoped to garner from the first round of the auction and as one-off compensation of spectrum incumbents.
According to a story in the Business Standard on 2 December, the five operators who had bid for spectrum had to fork out Rs 9, 407.64 crore.
They got the whole amount in advance or pay options, however, in a deferred system in which they had to pay only 33 percent upfront and get a moratorium of two years to pay the balance in 10 equal instalments (with 9.75 percent annual interest).
So the Government, received only Rs 1 crore 706.92.
Then, in addition to the debate on this difficult issue of pricing of the spectrum band 1800 MHz (2 G), EGoM are meeting today is also expected that the way forward for the band CDMA (800 MHz).
Since the Government priced CDMA spectrum of 1,3 times the 1800 MHz band price, there were no takers for it and no auction was held.
Sibal has already indicated that the spectrum of 800 MHz band could be priced lower for another auction to be held and this problem can also get submitted back to the TRAI.
But there is a catch: the big GSM telcos Bharti, Vodafone and idea have meanwhile petitioned the Government to GSM operations are performed in the "extended" 880 MHz band, which is a further growth of the CDMA industry could hamper. This problem may also come for discussions in the EGoM are meeting today.
A third issue relating to spectrum pricing be discussed today is a way to telecom companies (such as Etisalat) who lost licenses after a Supreme Court order but did not participate in the 2 G just closed auctions to pay back. They have tried a refund of the license fee.
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Strong arm: Rs 250 cr is stopping aid to Maldives India
India's movement is likely to be focused on the Maldivian Government to fall into the line arm-twisting. The Maldivian Government headed by Mohamed Waheed Hassan Manik Preident seems to determine, however, on monitoring of the management of the airport.
Earlier, another report on the TV channel said that the Government would actively involved in determining the contours of the compensation that must be paid to GMR infrastructure for its airport development contract cancel.
The Maldivian Government has also expressed confidence that the management of the airport will be taken over by Maldives Airport Company Ltd, CNBC TV18 reported.
To add to the uncertainty about the compensation of GMR, has also rubbished the Maldives figures floating around in the media as speculative.
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Infosys will miss its revenue prospects for fiscal year?
Customer suspensions, slope-downs in a few large projects, delays in big deal closures and longer-than-expected client shutdown due to Hurricane Sandy, especially in the manufacturing industry, can lead to a threat to outlook, said a UBS note.
Even reports by brokerages Nomura and Barclays said that there is a risk for the organic growth of the company guidance based on recent conversations with Infosys CEO SD Shibulal and CFO Rajiv Bansal. Shutdown of influence in the industry, challenges in BFSI vertically and delays in decision-making are reasons cited by these brokerages for a possible miss on earnings guidance also.
UBS said it is surprised by potential cut, but fears his own revenue outlook prediction for company at 3.8 percent can be hurt as the effects of hurricane had Sandy not processed.
"Our conversation with Infosys reinforces our concerns on short term press guidance. This is likely to impact stock price about the near future, but we see limited downside from current levels, given the low expectations and cheaper valuations, "said the UBS the note.
Nomura said the possibility of an organic revenue growth forecasts cut in the third quarter of the current fiscal year remains high. It prefers companies with current business momentum as HCL Technologies, Cognizant Technology Solutions and Tata Consultancy Services.
UBS, both preserved "neutral" rating on Nomura stock of Infosys. Shares of Infosys fell 0.6 percent.
Indexing of the NSE has fallen 2.73 percent in the last two days after a Cognizant Technology Solutions Corp. filing with the SEC concerns about its revenue outlook to 2013.
With inputs from Reuters
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Tata, Ratan Tata has specified bye-bye: even on this govt
In a public message (here) blamed the opposition, the media, Tata some (unspecified) private citizens
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SC directs demolition of Goa iron ore mining leases: Attorney
For a ban on mining in September was Goa India's second-largest iron ore producer and top exporter. The more than 50 million tonnes per year produced and exported almost everything.
Reuters
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EGoM cuts 2 G spectrum auction reserve price, soon
"The reclassification of the three circles of Mumbai, Kolkata and Delhi for the 900 MHz also will take place," telecommunications Minister Kapil Sibal told reporters after the EGoM meeting in New Delhi.
The EGoM has agreed with the recommendation of the 900 MHz with two price TRAI times that of the 1800 MHz band.
"Decision on the pricing is taken by the EGoM. We will finalize the Cabinet. We will complete all auctions within this financial year, "said Sibal.
No decision has been taken today on the way forward for the CDMA or 800 MHz spectrum. There were no takers for this spectrum in auctions held in November.
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