Trai may issue views on spectrum auction this week, says RS Sharma
Trai chairman RS Sharma on Tuesday said the telecom regulator plans to issue this week its recommendations on spectrum auction and pricing for multiple bands.
“It will happen immediately...expected to come out this week,” Sharma told PTI.
He however did not divulge the regulator’s views on pricing of radiowaves, particularly those in premium bands such as 700 MHz where high prices had kept away bidders during the 2016 auctions.
Another official privy to the development said the muchawaited recommendations pertaining to the spectrum pricing (including for 4G and 5G bands) could be issued as early as tomorrow.
The government is planning to hold the largest-ever spectrum auction of 3,000 MHz radiowaves in the next round of sale, and the regulator’s ensuing views will wrap up almost yearlong consultation over the issue.
In August 2017, following a reference from telecom department, Trai had issued a consultation paper on spectrum auction for bands like 700 MHz, 800 MHz, 900 MHz, 1800 MHz, 2100 MHz, 2300 MHz, 2500 MHz, and also other bands like 3300-3400 MHz and 3400-3600 MHz.
NEW DELHI:
Motors Group on Tuesday reported a consolidated net loss of ₹1,862.57 crore for the quarter ended June 30, 2018.
The company had reported a net profit of ₹3,199.93 crore in the April-June quarter of 2017-18.
Total revenue from operations however rose to ₹67,081.29 crore as compared with ₹59,818.22 crore in the year-ago period, Tata Motors said in a regulatory filing.
On standalone basis, the company reported a net profit of ₹1,187.65 crore. It had reported a net loss of ₹463.14 crore in the first quarter of 2017-18.
Total revenue from operations grew to ₹16,803.11 crore during the quarter from ₹10,366.19 crore in the same period of 2017-18.
Standalone volume rose 59% to 1,76,868 units driven by robust sales of commercial and passenger vehicles.
JLR revenue however declined 6.7% to £5.2 billion.
Commenting on the domestic business, Tata Group chairman Natarajan Chandrasekaran said the company continues to gain market share while strongly improving profitability in both commercial vehicles and passenger vehicles.
“With regards to JLR, we faced multiple challenges including temporary issues like China duty impact as well as the market issues like diesel concerns in the UK and Europe,” he added. Despite these challenges, the company remains committed to delivering the planned margins it outlined earlier this year, Chandrasekaran said.
Tata Motors shares on Tuesday settled 1.18% down at ₹264.15 per scrip on BSE.
NEWDELHI:Tata