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Cost audit should be included in Clause 49: MCA committee
A government-appointed committee has suggested expanding the ambit of Clause 49 on listing of companies specified by market regulator SEBI to include cost audit report.

Power situation improves in state
With power situation improving following good rains, Karnataka minister for energy K S Eshwarappa today said urban areas would get 22 hours of supply a day from August one, while load-shedding in rural ones would be to the extent of 14 hours. In Bangalore, the Bangalore Electricity Supply company (Bescom) has said it would make all efforts to provide 24-hour power supply, he told reporters here. Rural areas would get power supply for five hours in case of single-phase and five hours for irrigation purpose (IP sets) which means they would face load-shedding for 14 hours.

News of the day

Delay in power line likely to affect IOCL Paradeep refinery
The construction work for the 220 KV line from Paradeep Grid sub-station of the Orissa Power Transmission Corporation Limited (OPTCL) to the proposed petroleum refinery premises of the Indian Oil Corporation Ltd. (IOCL) is yet to start.
Management

Mobile cos add a record 19.10 mn in Dec

The mobile operators together added a whopping 19.10 million new subscribers in December, taking the mobile user base to 525.15 million, according to the data released by the sectoral watchdog Trai. - BSNL seeks early security nod for MNP equipment import - MTNL revives bid to enter overseas markets - BSNL seeks early security nod for MNP equipment import - Videocon to roll out 15 more handsets, eyes 3G phone - BSNL achieves over 20 lakh mobile subscribers - TDSAT says it alone can decide on Star-BSNL dispute In November, total wireless (GSM, CDMA and WLL) subscriber base was 506.04 million. With the 19.10-million new mobile users in December, total telephone subscriber base (wireless and wireline) touched 562.21 million, Trai added. With this record addition, the overall tele-density stood at 47.89 (telephones per 100 people) at the end of December. Tata Teleservices was the biggest grosser in the wireless space in December by adding a hefty 3.33 million new subscribers, while the market leader Bharti Airtel came second with 2.85 million new user additions, Reliance Communications added 2.81 million, and Vodafone added 2.8 million users in the reporting month. Idea Cellular added 1.71 million users, while Aircel added 1.67 million users in the month, and the state-run telcos BSNL and MTNL added 2.08 million and 0.06 million users, respectively in the month. However, the wireline segment continued to fall, with the subscriber base shrinking to 37.06 million in December from 37.16 million in the previous month. BSNL and MTNL, which hold 85.22 per cent of the wireline market, lost 0.12 million subscribers in December, the regulator said. Meanwhile, the broadband subscriber base touched 7.83 million in December from 7.57 million in the previous month.


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