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Indian Supreme Court rejects stay of spectrum auction
2014-02-02 21:41:00| Telecompaper Headlines
(Telecompaper) India's Supreme Court has rejected a last-minute appeal from the country's largest mobile operators to stay the spectrum auction set to start on 03 February. Operators Bharti Airtel and Vodafone India had been lobbying for an extension of their existing licences in the 900MHz band in major cities, which are set to expire in November. Instead, they will have to participate in the auction to hold on to the frequencies. The court said the operators do not have a monopoly on the spectrum and cannot expect to hold on to it when their licences expire after 20 years, the Financial Express reported. The court heard their appeal of an earlier ruling by the telecom tribunal TDSAT, which had refused the operators reqest for a licence extension at a "fair market price". The government argued that such a deal would scare off other potential bidders in the auction. A total eight existing operators are expected to participate in the auction for frequencies in the 1,800 and 900 MHz bands.
Tags: stay
court
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UK: ASA rejects complaints over Diageo's Baileys Christmas ad - video
2014-01-29 11:22:00| Daily beverage news and comment - from just-drinks.com
Diageo has escaped sanction from the UK's advertising authorities after complaints that a Christmas TV ad for its Baileys liqueur brand featured "violent and aggressive" behaviour.
Tags: video
christmas
complaints
asa
J&J escapes $482 million verdict as court rejects patent appeal
2014-01-27 16:03:49| Food - Topix.net
The U.S. Supreme Court refused to revive a $482 million jury verdict against Johnson & Johnson over disputed heart devices, rejecting an appeal by a doctor who said the company infringed his patent.
Tags: million
court
patent
appeal
Ebay rejects Icahn proposal for PayPal spin-off
2014-01-23 09:24:00| Telecompaper Headlines
(Telecompaper) Activist investor Carl Icahn has taken a 0.82 percent stake in eBay and proposed the company spin off its PayPal business. Icahn also proposed two of his employees to Ebay's board of directors. Ebay said it would consider the board nominations, but rejected the proposal to spin off PayPal. The company said its board had already explored a spin-off or separation of PayPal in detail, but concluded a break-up of the group was not the best strategy. As part of the group, PayPal is able to leverage the company's technology capabilities, commerce platforms and relationships with retailers, brands and large merchants worldwide, eBay said. "Payment is part of commerce, and as part of eBay, PayPal drives commerce innovation in payments at global scale," the company added.
Tags: ebay
paypal
proposal
rejects
EU rejects UK short-sell challenge
2014-01-22 14:30:44| BBC News | Business | UK Edition
The UK government's attempt to limit the extent of European Union power to ban certain financial practices fails in the courts.
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