Bizbits

116 Internet licences issued for ISPs

NEW DELHI: The Department of Telecom DoT has issued a total of 116 licences for internet service providers ISP ever since the internet policy was announced in November last year.

The maximum number of licences have been issued for category quot;Cquot; small and medium cities service providers at 59, followed by category quot;Cquot; metros and states at 39. All India Licences category quot;Aquot; have been issued to 18 service providers, anofficial release said.

Sebi eases equity denomination norms

MUMBAI: The Securities and Exchange Board of India SEBI today issued a notification imparting flexibility to companies to fix any denomination of its equity shares, which are presently limited to Rs 10 or Rs 100. The notification, which comes into force with immediate effect, said companies shall have freedom to issue shares in any denomination to be determined by them in accordance with the Section 134 of the Companies Act after making amends to memorandum. However, companies should ensure that shares are not issued in denomination of less than a rupee or decimal of a rupee, SEBI said.