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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.

PwC tax head, others quit to join KPMG
PricewaterhouseCoopers’ (PwC’s) head of tax practice Dinesh Kanbar, and close to a dozen other senior tax executives, are leaving the firm to join rival KPMG.

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Court hands over verified documents to Satyam accused
A local court here after verification has handed over the supplementary chargesheet documents filed by the Central Bureau of Investigation (CBI) to the nine accused in the Satyam scam.
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Tata Sons wins cybersquatting case against MakeMyTrip

Tata Sons, the holding company of the Tata Group firms, has won a case at the World Intellectual Property Organisation against the travel portal, MakeMyTrip, which has been using the term "tata" in one of its website, "oktatabyebye.Com". Sensex ends up 35pts In May, Tata Sons had moved the Geneva-based WIPO Arbitration and Mediation Center demanding transfer of disputed domain name. The company had argued that the site infringed the right of its registered trademark/service mark "Tata". The WIPO has now ordered the transfer of domain name to Tata Sons. "The impugned website incorporates the Tata"s orporate name and registered trademark in full and it proves that it is identical in part and confusingly similar to its well-known brand in which the company has a statutory right," Tata Sons had said in its complaint. Replying to the charges, MakeMyTrip had said the usage of the word "tata" as a gesture finds its mention in the origin of a place called Ta Ta Creek as far back as in the year 1860 and denied that the domain in question is confusingly similar to the trade mark "Tata" of the complainant.


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