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ONGC, OIL buy 10% govt stake in IOC

State-owned ONGC and Oil India Ltd (OIL) on Friday bought 10 percent government stake in Indian Oil Corp (IOC) for Rs 5,340 crore.

Ministers panel sets 5% usage charge for new spectrum

A ministerial panel on Monday fixed the spectrum usage charge (SUC) for new airwaves at 5 percent of the revenue of telecom operators in a bid to boost sales in the auction starting February 3.

Telecom Commission recommends 3 spectrum fee options to EGoM

The matter is crucial for the spectrum auction scheduled to start on February 3, from which the government expects to raise at least Rs 11,300 crore to curb the fiscal deficit.

Telecom Commission may take call on spectrum charge tomorrow

Inter-Ministerial panel Telecom Commission may take a call Saturday on long-pending issues, including the spectrum usage charge, that may decide the fate of the upcoming spectrum auction.

Telecom Commission to meet on Jan 25, EGoM on Jan 27

Eight telecom service providers, including 7 GSM operators have applied to participate in spectrum auction scheduled to start from February 3.

EGoM on IOC share sale to meet on Jan 9 to decide timing

"The EGoM was to happen on eighth but now I think it is happening on ninth. The schedule will be decided by EGoM," Moily said.

Telecom Commission likely to meet on January 7

The inter-ministerial body Telecom Commission (TC) is likely to meet on January 7 mainly to discuss proposal of levying uniform annual fee on spectrum usage across all players in the sector.

EGoM approves M&A guidelines for telecom sector

An Empowered Group of Ministers (EGoM) Tuesday approved the much-awaited Mergers and Acquisitions (M&A) guidelines for the telecom sector.

Spectrum auction: EGoM accepts Telecom Commission recommendations

The inter-ministerial panel Telecom Commission has recommended to EGoM that reserve price for pan-India 1800 MHz spectrum be fixed 15 percent higher than Trai suggested rates.

NHPC to buy back govt shares, exchequer may get Rs 2,000 cr

In a first of its kind of disinvestment, state-run hydro power producer NHPC would buy back government shares which would yield the exchequer about Rs 2,000 crore.

Lower spectrum reserve price to reduce one-time payouts: ICRA

Besides, it estimates that the industry may gain Rs 800- 900 crore annually on account of Spectrum Usage Charges.

EGoM on gas to meet on August 14 on power plant allocation

The Empowered Group of Ministers (EGoM) may consider giving as much as 2 million standard cubic meters per day of gas to power plants this fiscal to generate about 480 MW of electricity, official sources said.

EGoM may give no significant gas to power sector this fiscal

The EGoM headed by Defence Minister A K Antony is to meet shortly to squeeze out some gas from current year output of 105 million standard cubic meters a day for the power plants.

EGoM on gas to meet on July 25

A high-powered ministerial panel will meet on Thursday to consider making available natural gas to fuel starved power plants from sources other than Reliance Industries' KG-D6 fields.

EGoM to decide on changing gas priority tomorrow

A high-powered ministerial panel will on Wednesday consider abolishing the priority ranking in natural gas allocation so that the fuel currently consumed by urea plants can also be diverted to fuel-starved power plants.

EGoM on gas to meet on July 17

A high-powered ministerial panel is likely to meet on July 17 to consider abolishing the priority ranking in natural gas allocation so that fuel currently consumed by urea plants can also be diverted to fuel-starved power plants.

EGoM to decide on Hindustan Copper stake sale on Tuesday

"The meeting of the EGoM on disinvestment is scheduled to meet on July 2," an official said, adding that the stake sale would happen the day after.

EGoM to recommend spectrum price, revisit old norms today

The EGoM may also take a call on revision of conditions that were finalised by it for previous auctions.

EGoM likely to recommend spectrum price, revisit old norms

The Empowered Group of Ministers on telecom headed by Finance Minister P Chidambaram in its meeting on Wednesday may decide on spectrum price for the proposed third round of auction of airwaves.

'3rd round of spectrum auction within 70 days of EGoM nod'

"It will take around 70 days to start auction of airwaves from the date EGoM decides on it," a senior Department of Telecom official said.

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