Business
India's 'biggest' spectrum auction begins on Saturday morning

New Delhi, Oct 1: India's biggest auction of telecom spectrum kicked off on Saturday morning with seven operators in fray for a total of 2,354.55 MHz across seven bands, towards which a reserve price of Rs 5.66 lakh crore ($85 billion) has been fixed by the government.
The companies that are participating in the auction are Bharti Airtel, Vodafone India, Reliance Jio Infocomm, Reliance Communications, Idea Cellular, Aircel and Tata Tele -- who have together furnished a total earnest money of Rs 14,653 crore.
The auction is central to the government realising the revenue target of Rs 98,994.93 crore that has been provided for in the budget against 'other communications services' -- the bulk of which is scheduled from the fee paid for spectrum.
The auction timings are from 9 a.m. to 7.30 p.m., Monday to Saturday.
The 2,300-plus MHz of airwaves on the block for telecom operators are in seven bands -- 700 MHz, 800 MHz, 900 MHz, 1,800 MHz, 2,100 MHz, 2,300 MHz and 2,500 MHz. In the previous auction 470.75 MHz was on offer, which is set to fetch the exchequer $17 billion during the tenure of licence.

31 minutes ago
Baahubali producer Shobu Yarlagadda recalls tension he experienced prior to film's release!

31 minutes ago
Malayalam actors Shine Tom Chacko, Vincy Aloshious reconcile after misbehaviour row

32 minutes ago
Hindi-Marathi conflict: Udit Narayan says one has to respect all languages

32 minutes ago
Actor Unni Mukundan's Instagram account hacked!

33 minutes ago
Karan Johar: ‘Kyunki Saas Bhi Kabhi Bahu Thi’ changed the face of Indian television

33 minutes ago
Shilpa Shetty Kundra reveals the novelty behind new season of ‘Super Dancer’

41 minutes ago
Saiyami Kher: I’ve never thrived on external validation

43 minutes ago
Jackie Shroff celebrates 36 years of action thriller ‘Tridev’

43 minutes ago
It would be a dream come true to work with Suriya someday, says Love Marriage actress Meenakshi Dinesh

44 minutes ago
Kajol talks about the evolution of ‘Bollywood Maa’: They were always strong for us

48 minutes ago
India continues to outperform most of other economies: HSBC Mutual Fund’s Kailash Kulkarni

49 minutes ago
BMW Group India appoints Hardeep Singh Brar as President, CEO

49 minutes ago
Samsung estimates 56 pc drop in Q2 operating profit on chip slump, US trade policies