India Monday concluded 148 rounds of an auction to award spectrum for third generation (3G) telecom services in the country, with the government's provisional revenue from the sale of airwaves nearing the Rs.55,000 crore ($12.2 billion) mark and the nationwide licence price reaching Rs.13,473.55 crore ($3 billion).
The government hopes to net around Rs.45,000 crore from the ongoing auctions to award radio frequency spectrum for third generation (3G) telecom services and for rolling out broadband wireless internet services, Communications Minister A. Raja said Tuesday.
Nation has completed 28 rounds of auction to award radio frequency spectrum for third generation telecom services in the country, with a provisional winning price of Rs.4,831.09 crore for a pan-India licence.
A 1932 painting by Pablo Picasso sold Tuesday night in New York for $106.5 million, a new world record auction price for a work of art, the Christie's auction house announced.
Around 20 mines across the country would be put to auction soon, Union Secretary for Mines Balvinder Kumar said here today.
Of the total 17 mines auctioned so far after amendment of the MMDA Act, the highest 7 blocks belonged to Karnataka.
An auction of German 10-year Treasury Bonds failed to sell nearly 40 percent of available notes, prompting fears that Germany's typically stable status could be in jeopardy.
An auction of German 10-year Treasury Bonds failed to sell nearly 40 percent of available notes, prompting fears that Germany's typically stable status could be in jeopardy.
Bidders from 13 countries competed against one another for diamonds and decorative jewellery at leading auction house Christie's sale in Dubai which fetched over $8.5 million (31 million dirhams).
The Indian government expects a revenue of Rs.15,000 crore ($3.2 billion) from the auction of airwaves for broadband wireless access (BWA) services which kicked off Monday, Communications minister A. Raja said.
India has completed 52 rounds of an auction to award radio frequency spectrum for third generation telecom services in the country, with the government expected to get Rs.25,769.82 crore as minimum revenue from the bidding.
India Tuesday completed 22 rounds of auctions to award radio frequency spectrum for third generation telecom services in the country, with a provisional winning price of Rs.4,589.52 crore for a pan-India licence.
India on Monday concluded 16 rounds of auctions to award radio frequency spectrum for third generation telecom services in the country, with a provisional winning price of Rs.4,324.19 crore for a single nation-wide licence.
In the first-ever auction of the radio frequency spectrum for third generation (3G) telephony in India, Delhi attracted the highest bid even on the second day Saturday.
Odisha government today issued notification for auction of four mines -- three limestone and one having manganese deposits. The notification inviting tender was issued by the Steel and Mines Department for e-auction
The Indian government's provisional revenue from the sale of third-generation (3G) airwaves Monday crossed the Rs.65,000 crore ($14.2 billion) mark and nationwide licence price reached over Rs.16,000 crore ($3.5 billion) at the end of 176 rounds of an auction to award the spectrum for telecom services.
The auction for government broadband wireless access (BWA) services ended Friday, swelling the government exchequer to Rs.38,543.31 crore (over $8.56 billion).
Revenue generated from the auction of third generation (3G) spectrum license would help the government in reducing the fiscal deficit, Union Finance Minister Pranab Mukherjee said in Bangalore late Saturday.
The Indian government Friday approved the results of the auction of spectrum for third generation (3G) telecom services and asked the winning firms to make payments by May 31.