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NYSE trading surges to record on expiration, S&P 500 changes
Trading in The New York Stock Exchange (NYSE) surged to a record 3.15 billion shares as derivatives expiration and changes in the Standard & Poor’s 500 Index lifted volume to more than double this year’s average.

How many mouths to feed?
Business Standard / New Delhi December 17, 2009, 0:56 IST

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F&O OUTLOOK: Nifty may breach 4,941 support
Though the Nifty closed slightly below 5,000 today, the trading volume in the put and call options suggests that bulls will find it difficult to hold on to this level.
Management

DoT wing seeks clarity on 3G licence fees

Wireless Planning and Coordination (WPC) wing, the highest policymaking wing of the Department of Telecommunications (DoT), has sought clarifications from the department on the licence fees that need to be paid by successful bidders of third generation (3G) auction for acquiring a unified access service licence (UASL). - DoT gives Bharti a week to comply with audit queries - 3G auctions run into fresh storm - 3G auction may be delayed over uncertainty of spectrum slots - DoT wants telcos to share info with auditors on time - Govt probing report of under-declaration of RCom"s revenues - Govt earns Rs 8,308 cr from mobile companies In an internal note, WPC has sought clarity from DoT on the price to be paid by the 3G bid winners for acquiring UASL vis-à-vis Rs 1,658 crore paid by 2G applicants for the same purpose in 2008. It has also sought clarity on the priority date for allotment of 2G spectrum that comes bundled with UAS license for 3G bid winners with respect to existing pending 2G applications. “This information would facilitate the WPC wing about admitting applications for 2G spectrum from the prospective 3G bid winners,” the note said, adding the information was not mentioned in the revised information memorandum issued by DoT. The 3G auction was slated to happen on January 14 next year, which might get delayed by a few weeks as DoT has not yet released notice inviting applications due on December 8. The successful 3G bid winners need to acquire a UAS licence after the auction process to start their mobile services. At present, there are 343 pending applications for UASL, including that of real estate firm DLF, global telecom player AT&T, Moser Baer and Ispat.


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