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GE Capital provides Rs 1300 cr loan to JLR
The move will shorten the 30-40 days it has to wait for between producing cars and delivering them.

Mutual fund transactions just a click away
Online platforms for mutual funds (MFs) could soon become a reality. With the Securities and Exchange Board of India (Sebi) nudging the exchanges – the Bombay Stock Exchange and the National Stock Exchange – to launch such platforms, investors could soon find that buying or selling of mutual funds could be much easier.

News of the day

Headley charged with conspiracy in 26/11 attacks in US court
US national of Pakistan-origin David Coleman Headley was today charged in a court here with criminal conspiracy in the Mumbai terror attacks and having links with a retired Pakistani army Major who liaised between him and terror groups, including LeT and HuJI.
Small Business

EGoM on 3G fails to resolve major issues

Differences over number of private players to be allowed to offer 3G mobile services continue within the government as an empowered ministers" panel today failed to reach at any consensus. - Firms may seek compensation if spectrum delayed: DoT - PowerMin wants gas at $2.34 for NTPC - DoT again seeks Pranab"s help on 3G spectrum issue - DoT may sell three blocks of 3G; bidders to pay 100% by March - DoT may sell 3 blocks of 3G - Raja apprises PM on BSNL tender, 3G spectrum auction The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee, met here to finalise the notice inviting applications (NIA) from the potential operators to participate in the forthcoming auctioning for 3G spectrum. The EGoM had decided in its last meeting that four blocks of 3G spectrum would be auctioned whereas the draft NIA document projected only three blocks. The Defence, according to sources, has already vacated 10 MHz of spectrum and five more MHz would be released by August this year, so this make airwaves sufficient only for three private operators besides BSNL/MTNL, which have already started services on commercial basis. "Some of the issues were discussed at the EGoM. Still some of the issues between the Defence and DoT are yet to be resolved. The Chairman (Mukherjee) took all the views. He will decide. If neccessary another consultation will take place. otherwise he will decide," Telecom Minister A Raja told reporters after the meeting. Asked whether the time line for auction of 3G spectrum would be pushed further, the Minister said, "As of now it has not been pushed... There are a number of areas of differences... It will be resolved."


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