Last Updated : Jan 10 2014 | 11:05 AM IST
Reuters Market Eye - State-run Mahanagar Telephone Nigam gains 2.6 percent after federal cabinet allowed the company to return its 4G radio spectrum and get refunds totalling 45.34 billion rupees, in a move to help the money-losing company.
The government will refund MTNL in a staggered manner, Information and Broadcasting Minister Manish Tewari told reporters on Thursday after a meeting of the cabinet.
(Reporting by Dipika Lalwani)
First Published: Jan 10 2014 | 10:59 AM IST