Only 3 pvt players for 3G services; spectrum auction on Feb 12 New Delhi: The government is learnt to have decided to allow only three private players to offer 3G mobile services for which the spectrum would be auctioned next month and the successful bidders would be asked to pay 100 per cent of the bidding amount in March this year. In the case of 3G auction,the government has decided to assign by auction up to 3 blocks of 5x2 Mhz of paired in the 2.1 Ghz band in each of the 22 circles, said the draft Notice Inviting Application. No impact on RIL rating post-deal: Moodys New Delhi: Global rating agency Moodys has said the sale of treasury shares by the Mukesh Ambani-run Reliance Industries will have no immediate impact on the countrys largest private companys ratings. The company has been assigned Baa2 ratings with stable outlook. Baa2 rating is a medium grade rating,reflecting moderate credit risk. Stable outlook indicates the rating is unlikely to be downgraded. Hondas small car to have 80 pc local parts New Delhi: Japanese auto major Honda on Monday said its small car,scheduled for launch in 2011,will have around 80 per cent components made in the country. The company also said it expects the small car to sell as many as its best selling model City. Our new small car,to be launched in 2011,will have a rate of around 80 per cent in localisation of components, Honda Siel Cars India Director (Marketing) Tatsuya Natsume said. Sun threatens to sue Taro directors New Delhi: Sun Pharma has threatened to take legal against the directors of the Israeli drug firm Taro,which is fighting a takeover battle with the domestic firm,for acting against the interest of its shareholders. "We will take all necessary legal action to reverse the cynical attempt by the Levitt family to reward you. again with the funds of Taro,for the actions you have taken at their behest," Sun Pharma chairman and managing director Dilip Shanghvi said in a letter to the Taro directors. NMDC likely to file for FPO by January 25 New Delhi: The countrys largest iron ore producer NMDC is planning to file draft prospectus with the market regulator Sebi within a fortnight for its estimated Rs 14,000-crore disinvestment programme. NMDC is targeting to file the draft red herring prospectus for the follow-on public offer by January 25. It is in line with the target to complete the divestment process by March 31, a source said. US IPO volume in 09 2nd lowest on record New York: The volume of initial public offering in the US in 2009 amounted to $16.6 billion,the second lowest on record. IPO volume was the second lowest annual total on record with a mere $16.6 billion raised via 49 deals in 2009,representing a drop of 47 per cent from the $31.1 billion seen in 2008, global deal tracking firm Dealogic said.
