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DoT may seek EGoM nod for three slots of 3G
The Department of Telecom (DoT) is likely to seek approval for auctioning three blocks of 5 MHz each of 3G spectrum pan-India except Rajasthan and North East, from the Empowered Group of Ministers (EGoM) scheduled to meet tomorrow.

Ashok Leyland: A slow recovery
The Ashok Leyland stock continues to trade at a fairly high multiple of 25 times estimated 2009-10 earnings and 15.5 times 2010-11 earnings. The Street is pencilling in a recovery in the commercial vehicles (CV) cycle but almost all of that appears to be in the price.

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Markets unmoved
The Sensex is now at 17,710, up 24 points. The NSE Nifty is at 5,285, up eight points
Small Business

Last date for Metro Rail RFQ applications sale extended

The last date for sale and submission of request for qualification (RFQ) applications for the Rs 12, 132-crore Hyderabad Metro Rail project is extended till December 14, 2009, from the earlier November 27. - Orissa hopes to generate 9820 Mw by 2014 - Tatas, L&T in race for high-speed rail - TN port to build mega terminal for Rs 3,686 cr investment - Govt formally issues EGoM decision taken last month on KG-D6 allocation - Bids for Rajpura plant to be opened next week - Andhra to come out with solar policy soon Eight firms – L &T, Lanco, India Bulls, DB Group, VNR, GVK, Reliance (Anil Dhirubai Ambani group) and Essar – had purchased the forms after the government called for fresh bids for the elevated rail project under the public-private partnership mode. Maytas has bagged the project in 2008 and was supposed to achieve financial closure in March 2009. It cited global credit crunch in raising the funds for its inability to achieve financial closure.


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