– The Central Bureau of Investigation has arrested Shahid Balwa the MD of DB reality, who is also the Vice Chairman of Etisalat DB, the company’s telecom JV with Abu Dhabi’s Etisalat in connection with the 2G Spectrum scam. More at Reuters

– The Telecom Regulatory Authority of India (TRAI) has recommended fixing the price for 6.2 Mhz of pan-India start-up 2G Spectrum at Rs 10,972.45 crore, more than six times the present Rs 1,658 crore. It has also recommended that every Mhz of additional spectrum beyond the contracted 6.2 Mhz be charged at Rs 4,571.87 crore. More at The Economic Times

– A Jaipur based audit firm has accused Reliance Communications of harassment and has approached the Telecom Ministry, second time in six months complaining against the company. More at The Economic Times

Stocks of Anil Ambani owned companies crashed after these developments. A company spokesperson issued a statement to the media saying that a series of completely baseless and motivated rumors have been spread by unscrupulous corporate rivals. This has been accompanied by vicious and illegal bear hammering of their listed stocks, to create panic and destabilise the markets.They have made a formal complaint to SEBI and the stock exchanges to investigate the illegal trades, and take appropriate action to safeguard the interests of investors.

– Aircel has announced that it will launch 3G services in all 13 circles where it secured spectrum before the start of the Cricket World Cup (Februaru 19). More at The Economic Times

– Aircel and ICICI Bank have signed an MoU to offer various financial products including savings accounts, pre-paid instruments and credit products. More at Business Standard

– The Planning Commission has introduced its Facebook page and is looking for comments and recommendations from users for issues specific to the 12th Five Year Plan. More at The Times Of India

– Tata DoCoMo has introduced ‘ Name Tunes’ in partnership with VAS provider mCarbon. The service allows subscribers to greet callers with their name and a personalized message of their choice. Press Release

– The National Payments Corporation of India, a group comprising of 10 banks,is working with Unique Identification Authority of India(UIDAI) to help customers make basic financial transactions using their mobile phones. Read more at OneIndia

– Facebook has opened an office in Hong Kong to boost presence in Asia, despite being banned in China. Read more at The Economic Times

– Reliance Industries controlled Infotel Broadband is working on a plan to launch long term evolution (LTE), which offers high data speeds, in 700 cities in the first phase of its launch. More at Business Standard

– Dabur has launched an online shopping portal for its beauty products range. Press Release

– Mobinise has launched an App development contest for Indian Android developers. Winning apps will feature in the company’s upcoming Indian App Bazaar. Read the Contest Details

– Akai has launched a new smartphone that runs the Symbian operating system. The Wifi enabled QWERTY handset is priced at Rs 5,795. Press Release

– Microsoft has launched web-apps for its popular office suite MS Office which includes Word, Excel, PowerPoint and OneNote.More at Business Standard

– Last.fm has made its internet radio service paid for international markets and for users of its mobile app. Read the Announcement

– The last IPV4 address has been allotted by the Internet Assigned Numbers Authority (IANA). It is now working towards implementing IPv6. More at The Hindu