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Glenmark recovers partial losses
The stock recovered some of its losses to finally end at Rs 258, down over 2% from the previous close. Around 691,753 shares were traded on the BSE as compared to the two-week daily average traded volumes of 698,158 shares on the BSE.
Corporate

Govt to announce uniform telecom licence fee

The government today said it will soon come out with a uniform and single licence fee for telecom service provider, which is currently between 6 and 10 per cent of the revenue of these companies. - Parsvnath to develop township project in Rohtak - Bihar seeks relief in interest on crop loans - "Govt to electronically connect 70 ports by 2010-end" - UPA II completes 100 days in office - Govt to invite bids for three mega road projects - CIL among top contenders for Maharatna status "The uniform licence fee will be shortly announced," Telecom Secretary Siddharth Behura said at ISPAI function. Although he declined to quote the figure, industry sources said it could be around 9 per cent. He added that the government has in-principal agreed to the de-linking the spectrum from the licence as suggested by a internal telecom operator report. He said Subodh Kumar committee report of DoT has suggested de-linking spectrum from the licence and the same has been sent to Trai for its view in a different context. The telecom secretary said there is a possibility of giving "conditional" licence to successful Wimax bidders as immediate availability of spectrum is not there. The DoT said the department of space has raised the issue of interference of the spectrum band, which it has been asked to release for Wimax auction, with its own satellite broadcast operations an it may take some to resolve the matter.


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