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M&A Guidelines to be finalised by EGoM later this month
NEW DELHI: The much-awaited Merger and Acquisition (M&A) Guidelines has got further delayed and now the Empowered Group of Ministers (EGoM) on Telecom is expected to discuss it on 22 November.
The GoM will also study the roadmap for the third round of spectrum auction. “Besides auction related matters, the department of telecom will place before them the M&A guidelines as recommended by the Telecom Commission,” a Telecom Ministry official said.
Inter-ministerial panel Telecom Commission has suggested about 25 per cent higher base price compared to the amount recommended by sectoral regulator Telecom Regulatory Authority of India (TRAI) for radio waves used for mobile phone services for the proposed auction.
The Telecom Commission had only forwarded its view on two sets of airwaves used by GSM players like Airtel, Vodafone and Idea Cellular.
The official said DoT has written today to TRAI to suggest a base price for CDMA spectrum used by players like Sistema Shyam Teleservices, Tata Teleservices and Reliance Communications in 15 days.
TRAI had recommended against auction of CDMA spectrum at present and suggested studying whether a part of these airwaves can be used for extended GSM services.
The official said DoT is working on other details for auction of all three sets of spectrum in third round which is expected to start in January.
Telecom Commission has recommended to allow companies to acquire another operator in a manner that market share of the resultant entity does not exceed 50 per cent.
EGoM will have to decide on spectrum related issues that entity formed as result of consolidation of companies should be allowed to keep.
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Rising Bharat Summit 2026 spotlights India’s global ascent
PM Modi keynotes two-day event with ministers, diplomats and icons in New Delhi.
MUMBAI: India didn’t just host a summit, it threw a coming-out party for a nation ready to own the global stage. The News18 Rising Bharat Summit 2026, held on 27–28 February in New Delhi, emerged as a high-octane platform for ideas, vision and strategic dialogue, uniting national leadership, global policymakers, industry titans, defence strategists and cultural icons under the theme “Strength Within”.
Prime minister Narendra Modi set the tone with a keynote that framed India’s resurgence as a reclaiming of lost potential built over generations. “In previous industrial revolutions, India and the Global South were merely followers,” he said. “But in the era of Artificial Intelligence, India is a partner in decisions and shaping them.” He highlighted the country’s thriving AI startup ecosystem and the recent AI Impact Summit attended by over 100 nations.
Union minister Piyush Goyal (Commerce & Industry) stressed India’s readiness to scale exports and deepen manufacturing, while Ashwini Vaishnaw (Railways, I&B, Electronics & IT) positioned technology and infrastructure as twin engines of growth, especially in AI and digital trust. Jyotiraditya Scindia (Communications & North East Development) revealed India’s ambition to lead in 6G through the Bharat 6G Alliance and partnerships with over 30 countries.
Global voices added depth: former Singapore Foreign Minister George Yeo called India’s development “self-sustaining” and strategically vital; ex-UK Chief of Defence Staff General Sir Nick Carter asserted India deserves a seat at the great powers’ table; and former US Commerce Secretary Carlos M. Gutierrez joined ambassadors from Norway, Germany and Sweden in discussions on geopolitical realignment, sustainability and defence preparedness.
Other speakers included veteran investor Ramesh Damani, World Gold Council CEO David Tait, Vianai Systems founder Dr Vishal Sikka, DeepTech Bharat Foundation co-founder Shashi Shekhar Vempati, defence experts Rajesh Kumar Singh, Sunil Ambekar, Patrick McGee, Tom Cooper and Adrian Fontanellaz, plus cultural and sporting icons Kangana Ranaut, Saina Nehwal, PR Sreejesh, Mohammed Shami, Yuzvendra Chahal, Mithali Raj, Anil Kapoor and Yami Gautam.
The summit was supported by Jio Financial Services (Presenting Partner), Phonepe and DS Group (Co-Presenting Partners), Pernod Ricard India and Kia Seltos (Powered By & Driven By), state governments of Uttar Pradesh, Chhattisgarh and Uttarakhand (State Partners), and associate partners including NSE, M3M Foundation and Reliance Industries.
Broadcast live across News18 Network, CNBC-TV18 and CNBC Awaaz, the event reinforced India’s image as a confident democracy and emerging global power proving that when strength comes from within, the world can’t help but watch.
