Group of ministers on 3G meets later Friday

January 28th, 2009 NEW DELHI - In a move that will delay the launch of third generation (3G) mobile telephony in India, the Cabinet Committee of Economic Affairs (CCEA) has referred the issues relating to spectrum auction to a Group of Ministers, the government said Thursday. 'We are looking for an early decision from the Group of Ministers,' Jyotiraditya Scindia, Minister of State for Communications and Information Technology, told reporters here.

July 13th, 2009 NEW DELHI - The government has constituted an 'Empowered Group of Ministers' (EGoM) to supervise the spectrum for 3G telephony that will revolutionise the technology through which data is received and transferred from mobile phones. According to reports, there would be nine ministers in the EGoM, which would be lead by Union Finance Minister Pranab Mukherjee.

January 29th, 2009 NEW DELHI - The Group of Ministers (GoM) to decide the fate of third generation (3G) mobile spectrum auctions will most likely be headed by External Affairs Minister Pranab Mukherjee, an official source said Friday. 'The ministers who will be part of the GoM will be decided by Monday.

March 5th, 2009 NEW DELHI - The government Thursday announced that a 10-member group of ministers (GoM), led by External Affairs Minister Pranab Mukherjee, will look into the auctions of the third generation (3G) spectrum. The GoM will also take a decision on the number of players to be allowed to offer the 3G services in each telecom circle.

July 13th, 2009 NEW DELHI - The government Monday constituted an Empowered Group of Ministers (EGoM) to look into matters concerning third generation (3G) spectrum auctions scheduled to happen this year. The nine-member EGoM will be headed by Finance Minister Pranab Mukherjee, a Department of Telecommunication (DoT) official told IANS.

March 20th, 2009 HYDERABAD - The Satyam board met on Friday to assess the proposals of the bidders for acquiring up to 51% stake in the embattled IT company, and discuss several other issues. The Government-appointed company board has received several expressions of interest, including those from engineering major Larsen and Toubro, B K Modi-led Spice Group, software firm Tech Mahindra and iGate, a company official said after the meeting.

July 28th, 2009 LONDON - Ministers at the Whitehall, the administrative centre of the UK government, have been provided with a document spanning 20 pages on how to use popular microblogging website Twitter. Department for Business, Innovation and Skills created hitehall's first ever Twitter strategy as a tutorial to overnment departments to post tweets more regularly, reports The Independent.

July 18th, 2009 CIT Group falls off S&P 500 indexNEW YORK — Standard & Poor's is replacing the struggling CIT Group Inc. with software maker Red Hat Inc.

August 27th, 2009 NEW DELHI - An 'Empowered Group of Ministers' (EGoM), constituted by the Government to supervise the spectrum for 3G telephony, on Thursday fixed the reserve price for pan-India 3G spectrum at Rs 3,500 crore. It also decided to allow only five operators to offer the high-speed mobile services in the first phase, where one existing operator - BSNL or MTNL - in their respective circles will be given the spectrum along with four new operators.

July 27th, 2009 NEW DELHI - The wait for third generation (3G) telecom services in the country has got longer as the first meeting of a key ministry panel, set up to take decision on the pricing of 3G auctions, has been postponed. The Empowered Group of Ministers (EGoM), headed by Finance Minister Pranab Mukherjee was scheduled to meet July 31.

June 19th, 2009 NEW DELHI - The finance ministry has proposed a reserve base price of Rs.4,040 crore for third generation (3G) spectrum auctions and the final announcement could be made in a week, IT and Commmunications Minister A. Raja said Friday.

June 1st, 2009 NEW DELHI - Communications Minister A. Raja, who assumed office here Monday, said the auction of third generation (3G) radio bandwidth will be completed by the end of 2009.

July 10th, 2009 CIT Group, Chevron, AIG are big moversNEW YORK — Stocks that moved substantially or traded heavily Friday on the New York Stock Exchange and Nasdaq Stock Market: NYSE: CIT Group Inc., down 33 cents at $1.53 Analysts said the commercial lender is facing a liquidity crisis if the government chooses not to give federal backing for its bonds. Chevron Corp., down $1.68 at $61.40 The oil company said its second quarter results will likely be much lower than last year as refining margins tumbled in the U.S.

January 9th, 2009 NEW DELHI - India's capital market regulator C.B. Bhave met Corporate Affairs Minister P.C.

June 16th, 2009 NEW DELHI - No consensus has been reached between the Department of Telecommunications (DoT) and the finance ministry on the reserve price for third generation (3G) radio waves auction, Communications Minister A. Raja said here Tuesday.