New Delhi: Just a day after the Central Bureau of Investigation (CBI) registered a case in the coal block allocations case of 2006-09, the Prime Minister's Office has turned the tables, accusing BJP President Nitin Gadkari's son of benefiting in the deal. "Chhattisgarh Chief Minister Raman Singh's government allocated coal blocks to those close to BJP President Nitin Gadkari. The issue was not allowed to be raised in the Assembly,"...
07:42 AM, Jun 02, 2012
Geneva: Marie de Medici wore it at her coronation as Queen Consort of Henry IV in France in 1610, and now the Beau Sancy diamond is a lavish accessory owned by an anonymous bidder who paid $9.7 million for it at Sotheby's auction. The spring auction season for jewelry and watches is upon Geneva, where elegant lakefront hotels fill with well-heeled buyers and bidders in a scene far removed from...
08:31 AM, May 16, 2012
New Delhi: India's telecoms regulator on Sunday reaffirmed most of its proposed rules for an auction of mobile airwaves, including a steep base price for bids, despite howls of protests by carriers in the world's second-biggest mobile phone market. The Telecom Regulatory Authority of India (TRAI) had last month suggested an auction starting price that is nearly 10 times of what carriers had paid in a 2008 state grant process...
06:05 PM, May 14, 2012
Washington: Adolf Hitler was apparently a coke head who farted uncontrollably, ingested some 28 drugs at a time and received injections of bull testicle extracts to bolster his libido. It's a whole other side to the Nazi dictator, whose poor health condition was revealed in medical documents that are now up for auction online at Alexander Historical Auctions of Stamford. Bidding for the documents - which include ten X-rays of...
09:34 AM, May 08, 2012
New York: Edvard Munch's masterpiece 'The Scream', one of the world's most recognisable works of art, sold for $120 million at Sotheby's on Wednesday, setting a new record as the most expensive piece of art ever sold at auction. Sotheby's Impressionist and Modern art auction featured top works by Picasso, Dali and Miro, but Munch's vibrant work from 1895 was the star attraction in a salesroom packed with art collectors,...
09:45 AM, May 03, 2012
New Delhi: Rankled by TRAI's recommendations for 2G spectrum auctions, telecom companies on Wednesday made a joint pitch to top government functionaries, including Home Minister P Chidambaram and Finance Minister Pranab Mukherjee, for not accepting the "catastrophic" recipe of the industry watchdog. Bharti Airtel Chairman Sunil Mittal, Vodafone Chief Executive Vittorio Colao, Idea Cellular Chairman Kumar Mangalam Birla and Telenor CEO Jon Fredrik Baksaas first made their case with Chidambram...
07:52 PM, May 02, 2012
New Delhi: Chiefs of top telecom firms, including Bharti Airtel and Vodafone, will meet Union Telecom Minister Kapil Sibal on Wednesday evening to discuss their concerns following the TRAI's recommendations on spectrum auction. According to a Telecom Department official, the meeting will take place at Sibal's residence. It will have Sunil Bharti Mittal, chairman and managing director, Bharti Airtel, Vittorio Colao, chief executive, Vodafone Group, Jon Fredrik Baksaas, chief executive...
04:57 PM, May 02, 2012
Oslo: Norwegian telecom company Telenor said it will write down USD 682 million (Norwegian Krone 3.9 billion) to remove accounting exposure to India due to uncertain business environment in the sector. The company said its decision follows spectrum auction recommendations by sectoral regulator TRAI after the Supreme Court had cancelled 122 telecom licences, including 22 of the Norwegian firm, in the 2G spectrum case. "As a precautionary measure, Telenor ASA...
02:53 PM, Apr 30, 2012
New Delhi: Congress is unhappy with the Centre's inability to prevent the auction of Mahatma Gandhi's memorabilia in London last week with a party leader writing to the Prime Minister to vent his resentment over it. Reflecting the unease in the party over the development, a senior general secretary of the party has written a letter to Prime Minister Manmohan Singh expressing resentment over the incident and seeking to know...
09:50 PM, Apr 25, 2012
If the government implements TRAI suggestion, mobile tariffs could increase. ...
10:09 AM, Apr 24, 2012
Telecom regulator TRAI on Monday proposed a steep minimum price for auction of 2G telecom spectrum, setting off fears of a hike in mobile phone tariffs which are at present among the cheapest in the world. The regulator, whose recommendations are not binding on the government, valued 2G spectrum at about Rs 7 lakh crore, nearly seven times more than Rs 1.04 lakh crore that the government had received through...
09:15 AM, Apr 24, 2012
New Delhi: Terming regulator TRAI's recommendations on spectrum auction as "arbitrary, regressive and inconsistent", telecom operators on Monday said the proposals will hurt further investment in the sector and expansion of services in rural areas. "We believe that several of these recommendations are retrograde and if accepted, will do irreparable harm to the industry," Vodafone India said in a statement. "It will hamper the ability to connect the unconnected and...
03:31 AM, Apr 24, 2012
New Delhi: The Telecom Regulatory Authority of India (TRAI) has proposed a base price for auction of 2G spectrum that is higher than the 3G auction price set in 2010, reports CNBC-TV18 quoting sources. For the 900 mega hertz band, the telecom regulator has proposed a base price at Rs 7000 crore, which is twice the base price set for a 3G spectrum. For 700 megahertz band, it has been...
05:44 PM, Apr 23, 2012
Schaumburg, Illinois: When is a penny worth $1.15 million? When it is a rare experimental penny minted in 1792. The unusual coin was auctioned off on Thursday at the Renaissance Schaumburg Convention Center in suburban Chicago. Officials with Heritage Auctions say Kevin Lipton of Beverly Hills, California, bought the penny on behalf of a group of unnamed investors. The winning bid was $1 million, but the investors also must pay...
04:02 AM, Apr 21, 2012
An auction of Mahatma Gandhi's memorabilia in London has been drawing criticism from social circles in India. The items went on sale on Tuesday and ...
12:45 PM, Apr 19, 2012
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