Briefly Business: Spectrum auction to begin on Jan 23https://indianexpress.com/article/news-archive/web/briefly-business-spectrum-auction-to-begin-on-jan-23/

Briefly Business: Spectrum auction to begin on Jan 23

The last date for firms to seek clarifications on rules is December 28.

New Delhi: The next round of 2G spectrum auction will start on January 23,according to the schedule in the ‘Notice Inviting Application’ released by the Department of Telecom on Thursday. January 4 is the last date for submission of applications by interested companies. The last date for firms to seek clarifications on rules is December 28. PTI

GMR highest bidder for Philippines airport

New Delhi: GMR Infrastructure on Thursday said it has emerged as the highest bidder for developing the $400 million Mactan-Cebu International Airport in the Philippines along with partner Megawide Construction. PTI

ArcelorMittal rejigs top management

New Delhi: Steel maker ArcelorMittal has reorganised its top management structure,vesting more responsibilities with group CFO Aditya Mittal who has also been designated as CEO of Europe operations. The restructuring,however,leaves India operations untouched. PTI

India,UAE ink bilateral pact

New Delhi: India has inked Bilateral Investment Promotion and Protection Agreement with the UAE,which controls the second largest sovereign wealth fund of over $600 billion in the world. The pact was signed following a meeting between the foreign minister of UAE Sheikh Zayed Al Nahyan and external affairs minister Salman Khurshid. ENS

Case lodged against Tata Steel MD

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New Delhi: A case was lodged against Tata Steel managing director TV Narendran under provisions of Environment (Protection) Act 1986 in a local court here on Thursday for an explosion in the LD gas holder at the company’s plant on November 14. PTI

SBI fixes issue price for pref allotment

New Delhi: State Bank of India has fixed an issue price of Rs 1,782.74 a share for a preferential stock allotment to the government to raise Rs 2,000 crore as part of the Rs 11,575 crore capital infusion plan. ENS