New York: A Japanese man fended off strong competition from an Indian to secure a date with a 20-year-old Brazilian student, who sold her virginity for a USD 780,000 after putting it up for on-line auction for "charity". Catarina Migliorini, sold her virginity to Natsu, from Japan, who won the competition against a big-spender from India, Rudra Chatterjee and American bidders Jack Miller and Jack Right. The physical education student...
04:37 PM, Oct 25, 2012
Kolkata: Purple flowers on a bed of green leaves in acrylic and oil on canvas by West Bengal Chief Minister Mamata Banerjee has been auctioned in New York for $3000 dollars, her first painting to be sold abroad. With a reserved price of $2500, five bids were made before the painting titled 'Flower Power' was sold at $3000 to Sundaram Tagore Gallery, a spokesperson of the US-based NGO Children's Hope...
03:54 PM, Oct 25, 2012
Mumbai: Norway's Telenor has applied to take part in the 2G spectrum auction, opting to stay in the country despite being stripped of its permits after a scandal-tainted previous sale. Telenor joins India's top three operators by revenue in eyeing the 2G radio waves, though Russian conglomerate Sistema's Indian affiliate Sistema Shyam TeleServices Ltd, which also lost its permits obtained in 2008, said it would not be participating. The auction...
12:46 PM, Oct 20, 2012
Former Cabinet Secretary KM Chandrasekhar has created a controversy by revealing that he advised Prime Minister Manmohan Singh to increase the entry fee for 2G spectrum from Rs 1,651 crore to Rs 36,000 crore but that the PM didn't follow his advice. ...
09:28 PM, Oct 19, 2012
New Delhi: Long-established mobile phone operators that were not affected by the scandal-hit sale of airwaves that hurt their newer counterparts should pay a retrospective fee for part of their airwave holdings, a ministerial panel recommended. This is in addition to another surcharge totalling at least $5 billion recommended by the same panel earlier this month, and will put extra burden on carriers including Bharti Airtel (BRTI.NS) and Vodafone's (VOD.L)...
10:30 PM, Oct 18, 2012
New Delhi: The Empowered Group of Ministers led by Finance Minister P Chidambaram will be meeting on Monday on the Spectrum issue. It will be to taking a decision on charging telecom service providers for excess spectrum beyond contractual obligations. The EGOM in its last meeting on October 3 could not decide on the issue of one-time spectrum for existing telecom operators as the legal opinion from the Attorney General...
06:31 AM, Oct 08, 2012
New Delhi: Telecom companies whose licences have been cancelled by the Supreme Court will have to pay one time, non-refundable entry fee Rs 1 crore for unified licences for each service area, said the guidelines issued by the DoT for the spectrum auction beginning November 12. "Entry fee (non-refundable) Rs 1 crore for each Service Area Level UL (Access Services) except for Jammu and Kashmir and North East Service Areas...
11:37 PM, Sep 28, 2012
In a major relief for the government, the Supreme Court on Thursday clarified that the auction order in the 2G scam was only restricted to telecom spectrum and not for all natural resources. The Supreme Court held the 2G Presidential Reference as maintainable. A five-judge Constitution Bench headed by Chief Justice SH Kapadia also clarified that its opinion will have no bearing on the 2G order. Apart from Chief Justice ...
02:47 PM, Sep 28, 2012
Telecom Minister Kapil sibal claims the order is a vindication of the Centre's stand, BJP says it can't be seen as a victory or vindication. ...
09:30 PM, Sep 27, 2012
The Supreme Court said that the auction route is not mandatory for allocation of every natural resource. ...
09:11 PM, Sep 27, 2012
New Delhi: In a huge relief to the Central government, the Supreme Court on Thursday held the Presidential reference on 2G as maintainable and said that the auction route is not mandatory for allocation of every natural resource. The apex court also clarified that its order on 2G spectrum auction was only restricted to the telecom sector and not for any other resource. While the government welcomed the judgement of...
06:53 PM, Sep 27, 2012
New Delhi: Welcoming the Supreme Court (SC) opinion on the 2G Presidential Reference, Union Minister Kapil Sibal said that it had confirmed the government's stand. "The Supreme Court has confirmed what the government had been saying, that policy making should be left exclusively to the government. The order has brought Constitutional clarity," said Sibal at a press meet. "We welcome the judgement of the Supreme Court. It has made it...
04:17 PM, Sep 27, 2012
New Delhi: In a major relief for the government, the Supreme Court on Thursday clarified that the auction order in the 2G scam was only restricted to telecom spectrum and not for all natural resources. The Supreme Court has held the 2G Presidential Reference as maintainable. A five-judge Constitution Bench headed by Chief Justice SH Kapadia has also clarified that its opinion has no bearing on the 2G order. Apart...
02:46 PM, Sep 27, 2012
New Delhi: The Supreme Court will on Thursday give its opinion on the Presidential Reference moved by the Centre on whether auctioning of natural resources across all sectors is mandatory in line with its 2G spectrum judgement. The verdict will have long-term implications for how natural resources are disposed off by the government. The Centre is seeking clarity on which resources need to be auctioned and which ones can be...
08:09 AM, Sep 27, 2012
New Delhi: A Law Ministry note in 2006 had sought changes in the Mines Act to provide for competitive bidding for coal blocks, a report has revealed. The Opposition has once again trained its guns on Prime Minister Manmohan Singh asking why did he ignore the note and not act on it. The Law Ministry note further suggested that amendments be made as soon as possible in the Mines and...
10:51 AM, Sep 08, 2012
The Deccan Chargers Holdings under the aegis of BCCI has issued tender for the sale of the IPL franchise. ...
08:30 PM, Sep 06, 2012
New York: An Andy Warhol silkscreen of actor Marlon Brando, clad in leather astride a motorcycle from the movie The Wild One, is expected to sell for $20 million when it hits the auction block in November, said Christie's. Marlon, a 1966 silkscreen that is one of the late pop artist's most famous Hollywood portraits, will be part of the auction house's sale of post-war and contemporary art. It is...
11:58 AM, Sep 06, 2012
Ahead of the launch of the sixth season of Kaun Banega Crorepati, Bollywood actor Amitabh Bachchan attended a charity auction in Mumbai. ...
10:30 AM, Sep 02, 2012
New Delhi: The government is expecting "significant participation" from existing and new telecom operators in the spectrum auction scheduled to start from November 12, 2012. "We are expecting significant participation from the new operators and some of the existing operators which require additional spectrum may also participate in the auction," Telecom Secretary R Chandrashekhar said. Uninor and Sistema Shyam Teleservices are yet to confirm their participation in the upcoming auction...
06:57 PM, Aug 28, 2012
New Delhi: The Department of Telecom on Tuesday issued an 'information memorandum' containing details of spectrum auction which will start from November 12. Earlier, the Supreme Court on Tuesday extended the time for completing the auction of spectrum by January 11, 2013, from earlier deadline of August 31. According to the information memorandum issued by the DoT, notices to invite application will be issued on September 28 for two different...
02:19 PM, Aug 28, 2012
