2G auction: First day, no show

After a bruising year for the Indian economy, in which the question of how to price scarce natural resources gathered a new visibility, the auction of the 2G airwaves on Monday holds significant lessons. Since there were no bids for the four costliest circles, including Delhi and Mumbai, and there were excess bids for only low cost circles like UP West and East, the auctions are practically over on the first day itself.

Read Full Story>>