For BSNL to be eligible for guarantee of Rs 8,500 crore, and MTNL to be eligible for guarantee of Rs 6,500 crore, the state-run telcos will have to pay a 1 per cent fee each.
Feasibility report likely by July end
MSTC, MMTC, Hindustan Copper, Bharat Electronics, Ircon International, NLC India, Engineers India, BEML, STC India, NBCC, Mishra Dhatu Nigam and Container Corporation were up 4% to 8% on the BSE
The bench asked the telecom companies to file their financial statements before it and fixed the matter for hearing in third week of July
Besides the state-owned telcos, government may ask private players to stay away from such Chinese firms.
A bench of Chief Justice D N Patel and Justice Prateek Jalan issued notice to the Ministry of Communication, Telecom Regulatory Authority of India and major mobile service providers
TEMA Chairman Emeritus NK Goyal said that it is beyond doubt that the Covid-19 crisis has shown that the telecom sector has been at forefront of providing connectivity to all citizens in India
An official said, "All dues and pending salaries of BSNL and MTNL staff have been paid and the first tranche of the VRS package worth Rs 5,000 crore has been released."
'This will enable poor people make calls for help even if they don't have any balance left,' Communications Minister Ravi Shankar Prasad said in a tweet
The new scheme will be provided to customers in Delhi and Mumbai where the company operates.
There has been a steady rise in market concentration in several sectors across manufacturing
VRS was introduced as a part of the revival efforts of the two telecom firms.
Fake information and WhatsApp forwards are adding to coronavirus myths as countries scramble to control panic and knee jerk reaction
The two have batted for fixing of floor prices by Telecom Regulatory Authority of India (Trai) but with a rider
If your landline connection is going dead, or you are unable to browse the internet at a high speed, despite paying for 4G, you are not the only one!
Landlines down for four to six weeks is commonplace in Mumbai now, and so is the grievance about erratic broadband connection in the city
In October 2019, the central government approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL
Employees cost of MTNL during the reported period stood at Rs 755.48 crore
In October, the Union government approved a Rs 69,000 crore revival package for BSNL and MTNL
ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19