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The Telecom Regulatory Authority of India seeks the legal opinion of two former SC judges on a request by the DoT that it reconsider its recommendation to cancel 74 licences awarded to telecom companies.

Public sector lender United Bank of India hikes its lending rate by 25 basis points, a move set to make auto, home and corporate loans more expensive.
Google earned $2.5 billion, or $7.68 per share, in the April-June period. That's a 36 per cent increase from $1.84 billion, or $5.71 per share, a year ago.
Cancellation of 74 telecom licences, as recommended by regulator Trai, will free 210 Mhz of 2G spectrum which can fetch the government about Rs 15,000 crore.
The deal was completed for a share purchase consideration of Rs 117.61 crore and a "non-compete fee net of withholding tax in the sum of Rs 17.22 crore.
State-owned oil firms on Friday hiked jet fuel or ATF price by a marginal Rs 78 per kilolitre with effect from Friday midnight.
A summit of the 17-nation euro group was proposed by European Council president Herman van Rompuy to prevent other euro zone nations from being sucked into the crisis.
A three-member SC bench also directed the Securities Appellate Tribunal to decide Sahara India Real Estate Corp's appeal against Sebi within a period of eight weeks.