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DoT to impose Rs 132-cr penalty on telcos
The Department of Telecom (DoT) is understood to have decided to slap a total penalty of Rs 132 crore on some major telecom operators for not rolling out services on time after the award of licence and spectrum. The penalty, which will be in the form of liquidated damages (LDs), are for delays since 2005, for which show-cause notices had been issued earlier.

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Land acquisition, rehab details to be computerised
The Orissa government will start a pilot project for computerisation of the details of land acquisition for different projects and rehabilitation and re-settlement (R&R) of affected persons. To be launched under the banner of ‘punarbas project’, the pilot scheme will initially cover three projects.
Small Business

FIIs net sellers Rs 749 cr in F&O on Wednesday

The Foreign Institutional Investors (FIIs) were net sellers of Rs 749.25 crore in futures and options segments on Wednesday. - Fund-raising plans a drag on markets - Be on guard in a falling market - Cadila Healthcare in good health - Investors give thumbs-down to Power Grid"s overseas plans - Rate sensitives" dismiss markets - Sensex tumbles over 500pts According to the data released by the NSE, FIIs were sellers of index futures to the tune of Rs 1,014.73 crore while bought index options worth Rs 55.91 crore. They were net buyers of stock futures to the tune of Rs 170.56 crore and bought stock options worth Rs 39.01 crore.


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