| Web exclusive: Paradigm shift in realty | 19-NOV-09 |
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| People in India swear by the success of the real estate sector, understandably so, for it is the country’s second largest employer and contributes to approximately 5 per cent to its GDP. The sector received foreign direct investment (FDI) of about Rs 21,370 crore between April 2007 and March 2009, second only to the services sector. |
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| Telenor cuts India capex by Rs 3,500cr | 18-NOV-09 |
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| Norwegian mobile operator Telenor today said it has slashed the earmarked capital expenditure by Rs 3,500 crore from Rs 15,500 crore spread over the next five years on lower equipment costs. |
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| A practical strategy | 08-NOV-09 |
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| Invest moderately in equities, and be ready to average down if market falls. |
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| Unitech: Back in business | 06-NOV-09 |
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| Unitech’s results for the September 2009 quarter were disappointing, with both revenues and profits falling below expectations. Revenues dropped by 48 per cent year-on-year while earnings fell 50 per cent year-on-year. |
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| Unitech net profit halves | 01-NOV-09 |
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| The country’s second-largest real estate developer, Unitech Ltd, registered a 50.7 per cent decline in the net profit during the quarter ended September 30 due to sluggish demand in the housing sector. The net profit was reported at Rs 177.86 crore for the quarter, compared with Rs 358.92 crore in the corresponding quarter in the previous financial year. |
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| Speed up 3G | 27-OCT-09 |
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| While the government debates the issue of whether or not there was a scandal in the manner in which scarce radio spectrum was granted to firms like Swan and Unitech — with the prime minister appearing to let the telecom minister off the hook even as the CBI raids his ministry — it is becoming increasingly clear that a quick solution needs to be found to allotting spectrum to telecom companies. |
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| Will it last? | 26-OCT-09 |
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| While there are visible signs of a recovery in the real estate market, price hikes by developers and any increase in interest rates could halt this momentum. |
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| DoT comes under CBI scanner | 23-OCT-09 |
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| ‘Criminal conspiracy’ alleged on award of telecom licences in 2008
Communications Minister A Raja found himself at the centre of yet another storm with the Central Bureau of Investigation (CBI) searching the offices of the Department of Telecommunications (DoT), which he heads, in response to complaints of irregularities in the way 2G (second-generation) licences were awarded to nine new operators in 2008.
In a press release, CBI said it had registered a case on October 21 against |
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| 'Is India's telecom sector in trouble?' | 21-OCT-09 |
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| The current outlook is poor and how the future will look is critically dependent upon government policy on spectrum and on allowing mergers and acquisitions. |
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| Unitech rises 2% on govt nod to Telenor's for stake hike in JV | 20-OCT-09 |
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| Shares of Unitech, the country's second largest realty firm, rose by 2.35 per cent on the Bombay Stock Exchange in late morning trade today, a day after the government approved Norwegian firm Telenor's proposal for hiking stake in joint venture Unitech Wireless to 74 per cent. |
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| Telenor gets nod to up stake in Unitech | 20-OCT-09 |
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| The government today approved Norwegian telecom company Telenor’s proposal to raise stake in its Indian joint venture Unitech Wireless to 74 per cent, the maximum permitted in the sector. |
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| Telenor gets nod to up Unitech stake to 74% | 19-OCT-09 |
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| The government today approved Norwegian telecom company Telenor's proposal to raise stake in its Indian joint venture Unitech Wireless to 74 per cent, the maximum permitted in the sector. |
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