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RUPEE AT CLOSE - Rupee Ends At 67.01/$ Vs 67.07/$ On Thursday HDFC BANK MD - Note Ban Will Lead To Transparency, Efficiency, Cost Reduction

M&A Rules May Take Longer Than Oct 15: MF Farooqui

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October 4: M.F. Farooqui, Telecom Commission Chairman and Secretary at DoT, says we need to view M&A, trading, sharing and higher FDI together and growth will return once all policy actions are complete. Sustained growth, not consolidation, is the government’s objective, he says, adding that the most efficient players will grab M&A opportunities. He is confident of conducting the next auction in January, 2014, but refuses to comment on the final outcome on refarming.