Thursday, Nov 21 2019 | Time 06:04 Hrs(IST)
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Business Economy

Spectrum auction to be held in this financial year: Ravi Shankar

Spectrum auction to be held in this financial year: Ravi Shankar

New Delhi, Oct 14 (UNI) Assuring improvement in spectrum price, Communications, Electronics and Information Technology Minister Ravi Shankar Prasad on Monday said the spectrum auction will be held in the current financial year itself.

Inaugurating the three-day India Mobile Congress (IMC) 2019 based on technology, Mr Prasad said the policies necessary for the telecom sector, have been improved. With regards to spectrum price, he said it would also be improved.

Earlier, Bharti Airtel's Sunil Bharti Mittal, while addressing the IMC, said the price of spectrum in the country is up to seven times higher than the major countries of the world.

Reliance Jio Board Director Mahendra Nahata said there is need to pay attention to the prices of 5G spectrum. The government should prepare a clear roadmap for timely availability of 5G spectrum.

He said the telecom sector needs to be considered in a holistic manner. The 4G network has invested 50 billion dollars and Reliance Jio is the largest network. There is a need to formulate a policy for spectrum, equipment manufacturing, developers and service, to start a 5G network in the country, he added.

The country's major telecom companies have advised the government not to auction 5G spectrum at the moment. The companies said that before the 5G spectrum auction, the emphasis should be laid on building infrastructure in the country.


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Austria-based Constantia Flexibles opens 9th plant in India

20 Nov 2019 | 6:08 PM

Ahmedabad, Nov 20 (UNI) Austria-based Constantia Flexibles, the third largest global producer of flexible packaging material, on Wednesday opened its ninth Indian plant in India near this city of Gujarat, which is the first facility in the world to produce a new kind of lightweight packaging material, which can be recycled nine times.

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Innovation in Food and Agriculture Fund commits investments of 4 mn dollars in Telluris Biotech India

20 Nov 2019 | 5:50 PM

Hyderabad, Nov 20 (UNI) Innovation in Food and Agriculture Fund managed by Sathguru Catalyzer Advisors committed investments up to 4 million Dollars for minority holding in Telluris Biotech India Private Limited, an early stage life sciences company focused on bringing to market path breaking environment sensitive biological control products for the dreaded Plant root knot and cyst nematode related disease complexes.

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Kottayam-Kochi Rubber market rates

20 Nov 2019 | 4:32 PM

Kottayam, Nov 20 (UNI) Following were the rubber rates announced
by the Rubber Board here today per quintal.

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Bullion Market Closing Rates

Bullion Market Closing Rates

20 Nov 2019 | 4:11 PM

Chennai, Nov 20 (UNI) Following is the bullion markets closing
rate here today.

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TCS launches Innovation Hub

20 Nov 2019 | 2:45 PM

Hyderabad, Nov 20 (UNI) Tata Consultancy Services (TCS), a leading global IT services, consulting and business solutions organization, announced the launch of a first-of-its-kind Innovation Hub in Hyderabad.

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