Last month, the government approved a Rs 69,000 crore revival package for BSNL and MTNL
MTNL has reported losses in nine of the past 10 years
MTNL saw a continuous 'gap-up' close in last 16 sessions, while Bharti Airtel has been rising with 'Higher High, Higher Low' formation.
The government last month had approved a Rs 69,000-crore revival package for BSNL and MTNL
The demand notices will be issued in next two weeks after an assessment in light of the court order is done
Sources said there was a one-month lag in salary payments of BSNL employees and two months for MTNL staff
The pending payments are against the supply of telecom gear and other goods to BSNL and MTNL
The two firms will monetise assets worth Rs 37,500 crore in the next three years
The minister who met the boards of BSNL, MTNL categorically told the cos that they have been given a strong incentive package by the govt and must roll up their sleeves now to become more competitive
The four-point turnaround plan for the public sector telcos is a set of necessary steps but is far from sufficient
The government, on Wednesday, announced a relief package for the two beleaguered companies
The entire exercise for installing a model commercial entity, with many differing components of finance, HR, marketing would need a lead minister and a capable team to shape a progressive company
Briefing the media after the decision, Telecom Minister Ravi Shankar Prasad categorically said the government was neither closing down, nor divesting its stake in, BSNL and MTNL.
The relief package includes a sovereign bond issue worth Rs 15,000 crore
Proposed measure might create some competition for private players and contain state-owned telcos' operational costs
BSNL and MTNL should be privatised
The revival package includes raising of Rs 15,000 crore sovereign bonds and monetising Rs 38,000 crore of assets in next four years
Leading exchange BSE on Wednesday asked Infosys to explain why it did not make a disclosure about a whistleblower complaint
Dept has apparently sought funds for VRS schemes of the two firms and allotment of 4G spectrum, proposes to raise finances via asset monetisation
From government planning to privatise BPCL to IRCTC making stock market debut, here are the top 10 business headlines on Monday