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States can now borrow Rs 21k cr States can now borrow Rs 21k cr BS Reporter / New Delhi August 21, 2009, 0:51 IST
Markets extend losses in noon trades

IAF opens new airstrip in Ladakh
For the first time, the Indian Air Force (IAF) today landed an AN-32 transport aircraft at the Nyoma Advanced Landing Ground (ALG) in eastern Ladakh, just 23 km from the Line of Actual Control (LAC) with China.

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Evidence of Krishna
- T N Ninan: Failing capitalism">T N Ninan: Failing capitalism - BJP, JD(S) win two seats each in bypolls - IT/ITeS firms operating income grows 15% - Non-basmati export ban hits organic farmers in Kerala - IDBI Bank yet to begin Rs 13,000 cr syndication for RPower - BHEL Trichy eyes Rs 10,000 cr turnover
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DoT may ask TataComm, Airtel to end ILD pacts with SingTel

The Department of Telecommunications (DoT) may ask two leading private operators, Bharti Airtel and Tata Communications, to terminate their contracts with Singapore Telecommunications (SingTel), which was allegedly offering international long distance (ILD) services here without a licence. - DoT seeks MHA"s views on security clearance by telecom firms - RCom wants action against its special auditor - Tata Comm to invest up to Rs 500 cr in Pune data centre - Ball to start rolling for 3G auction tomorrow - DoT may prohibit M&As among 3G players - Tata acquires Mosaic from BT SingTel, which has over 32 per cent stake in Bharti Airtel, may also attract a penalty for violating laws and offering services in India without a proper licence. DoT also plans to penalise other foreign telcos such as AT&T, British Telecom, Equant (France Telecom) and Verizon for illegally offering services before obtaining licences to operate in India. The Indian operators, Bharti Airtel and VSNL, have entered into “illegal agreement” with SingTel by appointing them their agent to deal with Indian customers directly, including billing for the services provided, DoT said in an internal note. SingTel is the parent company of SingTel Global (India) Pvt Ltd, which has an ILD licence in India. In their response to DoT, SingTel however, has said: “SingTel does not provide any telecom services in India nor has acted in India as an independent telecom service provider at any point of time. SingTel does not provide any ILD services to any customers in India.” SingTel has tied up with Bharti and Tata Communications (previously VSNL), two licensed ILD operators, to offer services.


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