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10 takeouts on SC opinion: Sibal wins on points
Jagannathan •The Supreme Court says the government can decide on auctions or no auctions, but it will judge if the decisions are bonafide and for public good.
Sistema scales back Indian mobile ops ahead of auction
Fp Staff •NEW DELHI/MOSCOW (Reuters) - Russian conglomerate Sistema ( SSAq.L ) said on Thursday that its Indian mobile phone unit would cease operations in almost half its regions as it prepares to bid in a spectrum auctions re-run. The company's London-listed shares fell after the statement and were down 5.2 percent by 1606 GMT, which an analyst said reflected investor discontent with potential extra costs Sistema would incur to regain licences. All but one of 22 zonal permits held by Sistema Shyam TeleServices (SSTL) were ordered to be revoked by the Supreme Court last year.
Why the Congress attack on CAG will simply backfire
Jagannathan •The Congress attack on the CAG is plain wrong. CAG's reports are more in alignment with what the SC said than the government's past actions
SC opinion on auctions clarifies — but also warns
Kartikeya •The Supreme Court has rightly given the executive its due, but it has also raised warnings on abuse of arbitrary policy meant to benefit a few.
3G Auctions to Close in 2 Days
Fptechno •Says Telecoms Minister Andimuthu Raja.