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'3G technology is as cost-effective as 2G'
With the state-owned BSNL’s 93-million-line tender once again the subject of a controversy, it’s but natural to elicit the views of Ericsson’s global president and CEO CARL-HENRIC SVANBERG on this. Svanberg, however, refuses to bite, except to say that the tendering procedures for BSNL have to be so transparent, it is not surprising they take so long. He is more concerned about how telecom can save the world from global warming and how India can transform itself with 3G technologies. Excerpts from an interview with SUNIL JAIN:

Firms may seek compensation if spectrum delayed: DoT
With no clarity on availability of third-generation (3G) mobile spectrum, the government is considering, among others, restricting the number of private players to just two to avoid a situation where it would need to pay damages to operators.

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Govt orders safety audit of all oil and gas installations
The government today ordered a safety audit of all oil and gas installations across the country after the massive fire at the Indian Oil Corp"s fuel depot in Jaipur which is raging even five days after breaking out.
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Nifty ends at 2009-closing high

Sensex has finally ended (provisionally) at 17,336 - up 104 points. The Nifty ended (provisional) at 5,172 - up 27 points. Loan prepayment does not violate competition laws:Banks SRK stands by his IPL remarks, says India a welcoming place Obama proposes substantial jump in aid to Pak Oil rises on bullish US manufacturing data The Sensex has rebounded into the positive terrain and is now firm at 17,295, up 65 points. The BSE realty and the metal indices are up around 1.5% each. Reliance Infrastructure and Tata Motors have added 2.5% each a Rs 1,096 and Rs 764, respectively. Mahindra & Mahindra, ONGC, TCS, Sterlite and Tata Steel are firm, up 1% each. Jaiprakash Associates is the most prominent loser still on the Sensex, down 2% at Rs 143. NTPC, Bharti Airtel and ITC, down 1% each. The market breadth is fairly positive, out of 2,865 shares traded, 1,602 have advanced and 1,169 have declined so far on the BSE.


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