Bharti Airtel, Vodafone Essar and Idea Cellular may have to pay Rs 4,000 crore each for having overdrawn cellular services beyond 6.2Mhz.
The license dose not permit them to use more than 6.2 MHz in each circle and a one time fee is being imposed on the operators, for overusing the services. Mr A Raja, the Communication and IT Minister said on Tuesday "the issue was being discussed with the Finance Ministry and a decision on the exact quantum of the fee and the method of calculation will be announced by October".
Samsung Telecommunications India, the number two mobile handsets maker in the country, has launched a high-end phone christened OMNIA SGH-i900 in the Indian market, to compete with Apple's iPhone and Nokia N96. 
While the Global Financial market seems to be gloomy with its recent financial crisis, the telecom sector seems to be not in a loss as far as availability of the credit is concerned. The private sector funding arm of the World Bank, the International Finance Corporation (IFC) will provide a $100 million (Rs 460 crore) loan to Idea Cellular in order to provide services in Bihar and would help to strengthen its national long distance telephony network. 
Festive season is around the corner and where Indian market resorts to offer something for everyone, Mahindra & Mahindra (M&M) offers one such great news for all the SUV lovers when a new version of the Scorpio was launched in Pune and Bangalore earlier this week.
India-focused miner group dropped its restructuring plans on the last minute facing opposition from the shareholders coupled with the frail picture of the market.
The Pyramid Saimira Theatre Ltd (PSTL) has pulled out of all businesses in Northern and Western India by shutting down 33 screens. Owing to inflation and economic slowdown, the company has decided to focus on its core strength i.e. South India Media and Entertainment. PSTL, which had distributed just 4 Hindi films so far namely -Jimmy,Mukhbir,Sirf,Halla Bol , has discontinued its plan to start production in bollywood.
