BSNL is India’s largest loss-making state-run entity, with losses estimated at Rs 13,804 crore as of FY19-end
The company also hopes to garner around Rs 20,000 crore through monetisation of close to 50 assets and get refunds worth of around Rs 4,100 crore on account of interest cost borne for broadband spectrum in 2010 for 4G services.
MTNL expects Rs 3,500-4,500 crore from the sale of properties in both cities.
After a hiatus of few years, the proposal to merge state-run telecom firms BSNL and MTNL is back on the discussion table with top officials at the telecom department once again 'brainstorming' on various options concerning the two loss-making entities.
The company as part of launching the mobile service would invest about Rs 300 crore besides generating employments to 1,000 people, Adpay Mobile Payment India Pvt Ltd., Founder-CEO, Sivakumar Kuppusamy said.
Tata Motors | Sun Pharma | DLF | Cadila Health | Jindal Steel | SpiceJet | Adani Enterprises | MOIL | Cox & Kings | HDIL | Liberty Shoes | Voltas | National Fertilisers | Ashiana Housing | Power Mech | Intellect Design Arena are stocks, which are in the news today.
The revenue of MTNL declined by 8.6 per cent from Rs 756.22 crore posted in the corresponding quarter of previous fiscal.
Loss-making telecom PSU MTNL has been hit hard by debt and it is borrowing money to meet its day-to-day requirements, Union Minister Manoj Sinha said today.
According to Satish Gupta of astrostocktips, telecom stocks like Tata Communications, Bharti Airtel, Reliance Communications, Idea Cellular and MTNL will get astro support.
Most analysts feel the Budget 2017 is likely to have a pro-poor focus. The market will watch for govt's FY18 fiscal deficit target, divestment plans, announcement on the taxation front among others. The market expects govt to relax its FY18 fiscal deficit target of 3 percent.
NDMC had partnered with Tata Teleservices in 2014 to provide the service in inner and outer circles of Connaught Place, one of the significant business and leisure centres in the city.
Udayan Mukherjee said that the momentum is with developed markets right now which is reflected in the US market rally.
Ashwani Gujral of ashwanigujral.com recommends selling Idea Cellular on rallies.
Gaurav Ratnaparkhi of Sharekhan is of the view that one may buy Sun TV Network with a target of Rs 513.
Rakesh Bansal of RK Global is of the view that one may buy IOC with a target of Rs 328.
Net revenue from operations declined to Rs 729.2 crore during the said quarter from Rs 774.18 crore in the corresponding period of 2015-16.
Mahanagar Telephone Nigam Ltd (MTNL) is facing "serious" debt problem and is borrowing money to meet its day-to-day requirements, government said today.
In an interview to CNBC-TV18 Aashish Tater of fortunewizard.com shared his reading and outlook on fundamental side of the market, specific stocks and sectors.
A total of 100 tourist places, including world heritage sites, will be identified where the service will be provided within the next six months, Tourism Secretary Vinod Zutshi said today.
Mobile operators, including Bharti Airtel, Vodafone and Reliance Jio, have submitted call traffic data to Trai, a move that will enable the regulator to look at the pattern, including asymmetric traffic on networks, as part of its consultation on inter-connection usage charges.
Total income of MTNL during the reported quarter declined by 4.5 percent to Rs 744.72 crore from Rs 780.12 crore in the corresponding quarter of 2015-16.
Infosys more likely to grow at 12-13 percent instead of 25-30 percent is the word coming in from Raamdeo Agrawal, Joint MD, Motilal Oswal Financial Services after attending the Infosys analyst call.