Base Price

The Cabinet has decided on a reserve price of Rs 3705 crore per Mhz for the 2100 Mhz band for the upcoming spectrum auctions, telecom minister Ravi Shankar Prasad said here today.

Telecom Comm pegs 900 Mhz spectrum base price 23% higher

The commission has finalised a base price of Rs 3,646 crore per Mhz for CDMA band, nearly 17 percent higher than the price suggested by TRAI.

NFL stock tanks 5%; issue subscribed 24% in early trade

Shares of National Fertilisers Ltd (NFL) fell over five percent in the morning trade. This happened after the government began its divestment on the bourses. Within an hour of the issue being launched, it was subscribed 24 percent of the total 3.74 crore shares on offer.

Oil India share auction base price set at 5.6% discount

The base price for state-run Oil India Ltd's share sale, to take place on Friday, has been set at a 5.6 percent discount to its share price, the company said, in a deal that will raise about USD 575 million.

COAI seeks 50% reduction in 1800 MHz base price

GSM industry body COAI today sought 50 per cent reduction in the reserve price of 1800 MHz spectrum band in Delhi, Mumbai, Rajasthan and Karnataka circles for the upcoming auction.

Base price at Rs 280 would've saved the day: ONGC ex-chief

RS Sharma, former chairman of ONGC tells CNBC-TV18 that sentiment seems to have got adversely affected since the ONGC auction did not get fully subscribed. He reitrates that Rs 280 would have a perfect base price.

ONGC & RIL bailed out market that closed tepid below 5400

The market started strong today, but closed on a tepid note below 5400. It was ONGC and Reliance, the two big oil stocks that bailed the index out today, says Udayan Mukherjee, managing editor, CNBC-TV18.