Bharat Petroleum and IOC launch LNG buy tenders - trade sources
MILAN India's Bharat Petroleum has launched a tender seeking three liquefied natural gas (LNG) cargoes in total for delivery in October, November and December, trade sources said.
The government expects to raise 454.71 billion rupees ($7.59 billion) from the telecoms sector in fees, including proceeds from airwave auctions, during the current fiscal year, the government said in its budget presentation on Thursday.
The previous government had said in its interim budget in February that it aims to raise 389.54 billion rupees from the sector.
Receipts under 'other communication services' mainly relate to one-time spectrum charges levied as per the recommendations of the Telecom Regulatory Authority of India, auction of 1800 MHz and 900 MHz spectrum, and receipts from 800 MHz spectrum, the government said.
The Department of Telecom collects recurring licence fees from various telecom operators licensed by it, apart from one-time entry fees from new operators.
($1 = 59.9350 rupees)
(Reporting by Nivedita Bhattacharjee in Mumbai; Editing by Subhranshu Sahu)
Wall Street rallied on Friday, lifted by a surge in Deutsche Bank shares and financial stocks after concerns eased about the health of the German bank.
DUBLIN The limits of central bank largesse are set to be a hot topic in the coming week as global policymakers head to Washington for the annual International Monetary Find meetings and key data may harden the case for a tightening of U.S. monetary policy.