New Delhi: State-run telecom firm BSNL has sought Rs6,652 crore as equity infusion from the government to fund its spectrum purchase worth about Rs13,885 crore, telecom minister Manoj Sinha informed Parliament on Friday.

BSNL has submitted a detailed project report (DPR) to the Department of Telecom (DoT) for allotting 5MHz spectrum in 2100 MHz band, used for 3G and 4G services, in all telecom circles where it operates, except for Rajasthan.

Private sector lender Yes Bank today said it will raise $600 million (approx Rs 3,830 crore) through issuance of fixed term notes under its $1 billion Medium Term Note (MTN) programme. “The Capital Raising Committee of the board..apporved the issuance and allotment of fixed term notes for an aggregate principal amount of $600 million under the $1 billion Medium Term Note Programme of the bank,” Yes Bank said in a BSE filing.

Reliance Jio topped the chart of 4G broadband service providers for the 11th straight month by recording a peak download speed of 25.6 mbps for November 2017, data published by telecom regulator Trai showed today.

Vodafone, the closest competitor to Jio, registered a top download speed of 10 megabit per second (mbps) followed by Bharti Airtel 9.8 mbps and Idea Cellular 7 mbps in November 2017, as per Trai data.

The government is expecting to have the winning bidder for national carrier Air India by the end of June and the "legal closing" of the transaction by year-end, Union Minister Jayant Sinha said on Friday.

To revive the fortune of the debt-laden carrier, the government has decided on a strategic disinvestment and a group of ministers is working on the modalities.

Bajaj Auto hit a new high of Rs 3,473, up 2% on BSE in early morning trade, after the company reported healthy sales growth for January, with total sales jumping 46% at 353,147 units over the previous year. It had sold total 241,917 units in the same month last year.

The company’s overall motorcycles sales jump 36% year on year (YoY) at 288,936 units.

The first month of 2018 seems to have brought big cheers to the automobile makers in the country as they logged good growth in volumes.

"2018 has started on a positive and promises progressive growth for the industry, with company's volume growth of 8.3 per cent on improved buying potential, led by stable micro economic factors," said Rakesh Srivastava, Director, Sales and Marketing, at Hyundai Motor India Ltd (HMIL) on Thursday.

NEW DELHI: On Friday, the markets in early trading, gave a cold shoulder to Budget 2018 as the benchmark indices tanked below key psychological markets.

Sensex lost 580 points to slip to intra-day low of 35,314.97. Nifty's intra-day low came at 10,826.50, almost 300 points below previous closing mark.

New Delhi:The Union budget has allocated a record Rs1.48 trillion for Indian Railways to raise its carrying capacity and improve the train travel experience.

Of this, Rs1.46 trillion is capital expenditure, while Rs2,028 crore is to reimburse operating losses on strategic lines and reimburse IRCTC (Indian Railway Catering and Tourism Corporation) for the operational cost of e-ticketing.

Mumbai: Large companies may have to compulsorily borrow a fourth of their financing requirements from the bond market and long-term investors may be encouraged to buy A-rated bonds, as part of continuing efforts by the government and regulators to limit the exposure of banks to companies and develop the corporate bond market.

India captain Virat Kohli today said that the six-wicket victory in the first one-dayer against South Africa will give his side the momentum in the remainder of the six-match series.

"First match of the series is important. We wanted to take the momentum of the (third) Test win into this and when we restricted South Africa to 270 on this sort of a pitch, we were happy," Kohli, who hit 112 of 119 balls for his first ODI hundred in South Africa, said after the match.

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.