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Online sports retailer to dilute 25% equity
Playground Sports Pvt Ltd is looking at diluting upto 25 per cent equity in the Internet sports start-up to a strategic investor to fund its expansion plans and launch operations in new areas.

More cos should go for listing: Corp Affairs Secy
The government today said that more companies should go for listing as it would help a large number of investors to become partners in the development of the corporate sector.

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Deora requests PM to issue Rs 21k-cr oil bonds
With Finance Ministry"s defiance pushing fuel retailers into red, Oil Minister Murli Deora today requested Prime Minister Manmohan Singh to immediately issue over Rs 20,870 crore worth of bonds to state-run firms to make up for losses they incurred on fuel sales.
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Clear air on 2G policies before inviting 3G apps: COAI

GSM operators have asked the government to take a final decision on 2G policies and review conditions for licence before inviting applications for 3G. - GSM numbers rose by 8.6 mn in September - RCom under-reported revenues, says Trai audit - "There will be 1 billion mobiles by 2013, if not earlier" - 3G bids: Industry fears "winner"s curse" - India adds over 93 lakh GSM users in August - SC admits appeal of Cellular Operators Association In a letter to Telecom Secretary P J Thomas, COAI, the GSM operators" association said "issues raised by Trai in its consultation Paper on Overall Spectrum Management and Review of Licence Terms would have an enormous bearing on the auction process and the revenues that would be raised by the government." The Department of Telecom (DoT) will invite applications for 3G auctions on December 8. COAI said it would be unfair of the government to expect bidders to go into the auction process blindly knowing that fundamental changes in the spectrum allocation and pricing policy and other policy and regulatory issues are on the anvil. Trai is midway through its consultation process and it is expected to soon submit its recommendations to the DoT.


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