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MTNL FINANCIAL CRISIS
MTNL defaults on Rs 8,346 crore in bank loans; total indebtedness reaches Rs 33,568 croreMTNL has defaulted on loan repayments exceeding Rs 8,300 crore to a consortium of banks, including Union Bank of India and State Bank of In...- MTNL defaults on Rs 5,726 cr loans; total debt at Rs 32,097 crMTNL, the state-owned telecom company, has defaulted on a payment of Rs 5,726.29 crore owed to various banks. The company's total debt has ...
- Modi govt trying to take country from UPA's 'Andh Kal' to 'Amrit Kal': FM Nirmala Sitharaman in LS"Those MSMEs who still wants to benefit out of it are welcome to use it... the amount of loan sanctioned under the ECLGS is Rs 3.1 lakh cro...
- Tower companies urge DoT to intervene in clearing dues from BSNLThe group of eight infrastructure firm under the aegis of industry body Tower & Infrastructure Providers Association (TAIPA) has written to...
- Financial coronavirus destroying economy of country: TMC MPParticipating in the discussion on the Finance Bill 2020 -21 in Rajya Sabha, Manas Ranjan Bhunia (TMC) said the budget has dashed the hopes...
- Govt within its rights to hold spectrum auction, but older telcos unlikely to bid: COAICOAI Director General Rajan Mathews said given the latest AGR judgement from the apex court and the sector's deep crisis, the older operato...
- BSNL facing challenge in crediting month's salary on Aug 30: SourceCash-strapped Bharat Sanchar Nigam Ltd (BSNL) is facing a challenge in crediting staff salaries for this month on August 30, a senior offic...
- BSNL to reduce outsourcing work, power bill to save cost; faces Rs 800 crore revenue-expense gapBSNL has been in the grip of severe liquidity crunch and recently delayed payment of employees wages for the second time this year.
- Released salary payment for July: BSNL ChiefA BSNL employee union had last week claimed that the salaries of employees for July had not been paid on the due date and they had not been...
- BSNL, MTNL fail to pay July salary to 1.98 lakh employeesBSNL has 1.76 lakh employees across India while MTNL has around 22,000 employees.
- India has a policy of privatisation by 'malign neglect': Ruchir SharmaIndia should have sold state-owned cos when they were valuable instead of simply watching private firms drive them into irrelevance, accord...
- Rail Budget 2016 needs to restore health of Indian RailwaysAs Suresh Prabhu rises to present his second Rail Budget, he would be acutely aware of the harsh ground reality that Railways has not deliv...
- BSNL invests Rs 11,000 crore to improve services: Ravi Shankar PrasadOn MTNL, Prasad said MTNL is also adding 1,080 3G mobile sites each in Delhi and Mumbai along with 800 2G sites in Delhi and 566 2G sites i...
- Sunil Mittal urges Narendra Modi government to make more spectrums available for telecom industryTrai also proposed that the government defer the upcoming auctions – tentatively scheduled for February 2015 – if it could not manage to in...
- Poke Me: Why BSNL & MTNL should be revivedGovernment-owned enterprises such as MTNL and BSNL have played a crucial role in the development of telecom infrastructure, prior to the em...
- Six stocks in focus in Friday morning tradeWe have compiled six stocks that are likely to react in Friday morning trade: HDFC Bank, TCS, JSPL, MTNL, Kamat Hotels and Tata Motors.
- BSNL borrowed Rs 1,320 cr for capex in 2011-12BSNL borrowed Rs 1,320.47 crore from the market to meet capital expenditure during 2011-12, Minister of State for Communications and IT sai...
- $1 billion club hits all-time high, sees new entrantsAdani Power, Pipavav Shipyard, SKS Microfinance are a few new entrants in the club of companies with a market valuation of over $1 bn.
- Telcos feel BWA prices 'irrational'The reserve price for the recently concluded 3G auction was double that for broadband wireless access (BWA).
- Stocks to watch: Zydus Cadilla, JP Associates, JSW Steel, MTNL, RIL, Tata Steel, MMTC, Take SolutionsPfizer has approached several Indian drugmakers for possible alliances as part of moves to try and bolster revenues threatened by the expir...
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