NIFTY  9,595.10  0.90%
  SENSEX  31,028.20  0.90%
 CURRENCY  Rs  64.45/$ 72.07/€, 82.52/£
  GOLD  28,884.00  0.78%
  SILVER  40,130.00  0.82%
  DAX  12,602.20  -0.15%
  FTSE  7,547.63  0.40%
  CAC  5,336.64  -0.01%
  HANG SENG  25,639.30  0.03%
  NIKKEI  19,686.80  -0.64%
  Shanghai Composite  3,110.06  0.04%
  DOW JONES  21,080.30  -0.01%
  NASDAQ  6,210.19  0.08%
  S&P 500  2,415.82  0.03%
FROM REUTERS : Pepsico In Bid To Acquire Vita Coco Owner: Sources I.T. MINISTER : To Meet I.T. Cos CEOs In First Week Of June: Reports : To Discuss Job Losses Issue With I.T. Cos CEOs NEWSFLASH : Bill Seeking H1B Limits Exemption For Foreigners With U.S. PhD Introduced ARCELORMITTAL : Wins Bid To Buy Italy's Ilva Steel Plant For Approx $2.24 bn: Reuters ARCELORMITTAL : Wins Bid Along With Steel Processor Marcegaglia: Reuters

Reduction In Spectrum Price Welcome: Prashant Singhal

Video:

Play this video

September 10: TRAI’s recommendations have promised refarming but a big cut in spectrum prices has raised hopes in the telecom sector. Ernst & Young Global’s Prashant Singhal says the reduction in reserve price is welcome as it makes the price more realistic. We should see good auctions at these prices with adequate participation, he says, adding that tariffs are bound to go up in the sector.