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MTNL FINANCIAL TROUBLES
MTNL bank loan default reaches Rs 8,659 crore in JulyMahanagar Telephone Nigam Limited faces financial strain. The telecom company defaulted on loan repayments. The amount is 86.59 billion rup...- MTNL shares rally over 13% after clarification on bond paymentMTNL shares jumped nearly 14% after the company confirmed the government would honor bond payments following a default. Due to insufficient...
- Punjab and Sind Bank classifies MTNL accounts as non-performing assetsPunjab and Sind Bank (PSB) has notified that Mahanagar Telephone Nigam Limited (MTNL) accounts are now classified as Non-Performing Assets ...
- Telcos monthly average revenue per user climbs 8 pc to Rs 157.45 in Jun quarter: TraiAccording to a Trai report, the average revenue per user for mobile services rose over 8 per cent year-on-year to Rs 157.45 in June 2024. T...
- Stocks in the news: ZEEL, IndusInd Bank, NTPC, IOB and Max HealthInvesco Developing Markets Fund has moved to the NCLT against media major Zee Entertainment for not calling an EGM of the company.
- Cash-strapped BSNL chasing dues of Rs 3,000 crore from biz clientsBSNL is all set to aggressively chase the bulk of outstanding dues in the next two-three months.
- No service disruption due to financial woes; BSNL has inner strength: CMDAsked about the status of contractor payments, Purwar conceded that there were cases where the payments are getting delayed but did not spe...
- No proposal to merge BSNL and MTNL: Manoj SinhaThe publicly-listed MTNL serves the national capital and financial capital alone, while the unlisted BSNL serves the rest of the country an...
- Telecom exposure not a systemic threat for banks yet, says FitchThe agency added that not all telecoms face financial difficulties.
- Tax sops may top agenda at telecom meetThe panel will start by meeting the more stressed companies such as Reliance Communications, MTS, Aircel and Tata Teleservices.
- Sensex pare gains, Nifty holds 8200 levels; top twelve stocks in focusAt 10:00 a.m.; Sensex was at 27,427.46, up 55 points or 0.20 per cent. It touched a high of 27,509.59 and a low of 27,391.40 in trade today.
- Twelve stocks in focus in Monday morning tradeIndian markets are expected to trade in a range. Here is a list of twelve stocks which are likely to be in focus today.
- Gilt investment cap for FIIs would be raised in due course: RBIReserve Bank of India Governor Raghuram Rajan today said there is a roadmap for expansion but appetite of foreign investors will not be a d...
- BRPSE moots merger of BSNL, MTNL and ITIA government body has recommended that state-run BSNL should merge its counterpart MTNL and telecom equipment manufacturer ITI with itself.
- Government panel recommends merger of BSNL, MTNL and ITIA govt panel has recommend that state-owned telcoms company BSNL merge with MTNL as well as communications gearmaker ITI
- Govt panel recommends BSNL’s merger with MTNL, ITIA govt panel has recommended that BSNL merge with MTNL and ITI to turnaround its loss making operations and breathe new life into its busin...
- PMO sets up panel to find CMDs of BSNL, MTNLThe PMO on Wednesday showed its concern over the health of its public sector units BSNL and MTNL by setting up a special search selection c...
- BSNL executives unions question leadershipBSNL's executive unions are questioning the qualifications, delivery and motivation of the company's senior leadership, blaming it for the ...
- 3G bids may be pushed back to SeptThe law ministry has warned that the government will be exposing itself to the danger of heavy financial penalties if it auctions 3G airwav...
- EGoM split over auction of number of 3G slotsCurrently, all services offered by Indian telcos, except select offerings by BSNL and MTNL, are done using second-generation (2G) networks,...
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