Telecom stocks like Idea Cellular, Bharti Airtel, MTNL and Tata Communications will get astrological support, says Satish Gupta of astrostocktips.
Reduction in the retirement age will automatically bring down the number of people eligible for VRS and hence save the government some cash
The debt-laden company which offers landline and mobile telephony services in Delhi and Mumbai areas - said it will be able to make the repayment due to "one of the public sector banks", a few days before the June-30 deadline.
State-run telecom firm MTNL today posted a net loss of Rs 634.8 crore for the quarter ended on March 31, 2017.
Telecom operators Aircel, Reliance Communications and Airtel did not meet regulator TRAI's various quality norms for 2G services in multiple licence areas for the quarter ended December 2016.
According to media reports, the state-owned telecom firm was looking to sell surplus land to reduce debt. The company says it has up to Rs 5,000 crore worth of real estate that can be monetised readily.
Joining the tariff war, state-run MTNL will offer 2GB of 3G data per day and unlimited calling within its network for Rs 319 from April 1.
The loss-making telecom corporation said it has lined up the financing for the project from banks.
Reports say that the government is once again contemplating merging the two public sector giants MTNL and BSNL. It’s now a ritual with every government since 2002 to announce the possibility of a merger between the two companies.
SBI | Bajaj Auto | Tata Power | GVK Power | Amtek Auto | Motherson Sumi | Bharat Forge | Jayshree Chemical | MTNL | Reliance Capital | Sintex | Hindustan Zinc | Music Broadcast | Healthcare Global | Sagar Cements | NBCC and Pfizer are stocks, which are in the news today.
Amid renewed push for BSNL-MTNL merger, BSNL CMD Anupam Shrivastava has said the combination will be "advantageous" for both the state-owned telecom firms but issues pertaining to debt and salary structure will need to be sorted out first.
A Parliamentary panel has suggested merger of state-run telecom firms BSNL and MTNL for their long-term survival.
After a hiatus of few years, the proposal to merge BSNL and MTNL is back on the discussion table with top officials at the telecom department once again 'brainstorming' on various options before the two loss-making, state-owned entities.
Post offices have exchanged currency worth Rs 3,680.99 crore till December 7, after the government scrapped old Rs 500 and Rs 1,000 notes last month, Parliament was informed today.
In February 2015, during the previous review of IUC, the regulator removed charges that a landline service provider has to pay to other players for transmitting a phone call of its customers.
The court observed that this issue can be controlled by giving dedicated bandwidth to the police which can be worked out with MTNL and other telecom service providers (TSPs).
According to public enterprises survey of 2014-15, India has 77 loss-making central public sector enterprises (CPSEs), which include Air India, BSNL, MTNL and MRPL, Minister of State for Finance Arjun Ram Meghwal said in a written reply in Lok Sabha.
Total telephone subscriber base in the country rose marginally in April to 105.92 crore on account of increase in the number of wireless users
State-run firm MTNL on June 9 said its Chairman and Managing Director Narendra Kumar Yadav has resigned
The Cellular Operators Association of India represents telecom majors, including Bharti Airtel, Vodafone, Idea Cellular, Aircel etc.
"I would like MTNL's revenue to increase, not only in terms of improving connectivity and consumer base, but also in optimum utilisation of their resources and infrastructure," Ravi Shankar Prasad said.
In an interview to CNBC-TV18, SP Tulsian of sptulsian.com spoke about his outlook on the market and specific stocks.
When contacted, BSNL Chairman and Managing Director Anupam Shrivastava said BSNL is ready to invest and work with MTNL and discussions in this context are going on.
The fixed line connections continued to decline despite efforts of BSNL and MTNL to offer free unlimited calls across any number in country during night.