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  News Details
Good News
Bhagwati Auto Reports Good Results
No. of Trading Holidays comes down to 11
Gems and Jewellery Exports Rise 55%
Citibank Repays USD 20 bn to US Govt
November Core Sectors Growth Impressive
Bad News
Nifty May at Discount
3G Bids will Hurt Telcos
Political Instability is a worry
Inflation may Cross double digits by March
FII Investment in December may not cross October figure
  3G Bids will Hurt Telcos
The recent 3G Telecom bids have been good for the Government, but the high bids will ensure that the major telecom companies will end up on the loser side. The traffic and revenues that may be added through 3 G services in India may not be as high as the companies expect, as Value Addes Services ( VAS ) have never been popular in India. This can spell bad news for major telcos like Rcom, Bharti, and Idea.