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Bungalow in Lutyen's Delhi may flare up Congress-TMC face off
Real estate in Lutyen’s Delhi zone has the latest reason for rattle between the Congress and its biggest ally of the second UPA—the Trinamool Congress. According to top Trinamool sources, mercurial Mamata Banerjee is again angry with the Congress—even before the previous contentious issues could subside—over non-allocation of a preferred bunglow for her party office in the capital. Banerjee had zeroed in on bungalow number 14 on Bishamber Dass Marg as the ideal place to house her party office in Delhi.

ADAG becomes 3rd largest biz house in recent market rally
The Reliance ADA Group, owned by Anil Ambani, has become India’s third largest business house with market capitalisation of $35.3 billion. The recent stock market surge has enabled this group with six listed companies ranging from power to telecom to movies to add as much as $10.5 billion, a surge of 43 per cent in week during May 15-22, 2009.

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No need for fresh equity, says Andhra Bank CMD
State-owned Andhra Bank has enough capital and there was no need for government funds or follow-on public offer to meet its 20-25 per cent growth target for 2009-10 (April-March), Chairman and Managing Director RS Reddy said today.
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Govt to take considerate view of per-sec billing model: Pilot

The government will take a considerate view of the telecom regulator Trai"s proposal to bill customers based on per second usage instead of the prevailing pulse system, Minister of State for Communications and IT Sachin Pilot today said. - NDTV ties up with Tata Comm for technology - Vihaan Networks starts first solar-powered GSM network - Okay with per-second billing proposal - Telecom shares fall on tariff war - Trai move, price war pull down telecom stocks - Per-second tariff to be compulsory: Trai Talking on the sidelines of an event, Pilot said "we will take a considerate view on that" when asked about the per-second billing model — where customers are charged for the actual usage instead of the prevalent practice of billing them for a minute even if they use less than that. "It"s up to Trai to take a call on how we proceed. Broadly speaking, we are of the opinion that India is such a large market that there is sufficient competition and we must do everything to ensure that the customer gets the best possible service at the best possible price." Talking during an event in Geneva this week, Trai Chairman J S Sarma said "We may ask all the operators to consider per-second pulse as a mandatory tariff option along with their other tariff plans." Sarma further said Trai may soon come out with a consultation paper on the subject and invite suggestions on the new model. Though some of the operators are voluntarily offering per second billing option, the move to propel telecom operators towards a tariff system that charges consumers per second of usage is likely to hit the revenues of the telcos.


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