Bsnl

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BSNL partners can now settle payments on real-time basis; ties up with SBI, launches Bharat InstaPay
Business

BSNL partners can now settle payments on real-time basis; ties up with SBI, launches Bharat InstaPay

According to BSNL officials, the new payment facility developed by the company will enable its partners, especially prepaid sellers, to buy service immediately for sale.

AGR dues: Telecom companies owe around Rs 22,589 cr as licence fees; rest Rs 70k cr is interest, penalty
Business

AGR dues: Telecom companies owe around Rs 22,589 cr as licence fees; rest Rs 70k cr is interest, penalty

The licence fee is the major component of the total Rs 1.47 lakh crore AGR (Adjusted Gross Revenue) dues owed by both operational and non-operational telecom companies to the government till July 2019

AGR dues: Govt should offer one-time settlement to telcos for principal due amount, waive penalties, says SC Garg
Business

AGR dues: Govt should offer one-time settlement to telcos for principal due amount, waive penalties, says SC Garg

Some telecom firms have said they were already struggling with mounting losses and debt and the additional liability has raised concerns of them defaulting on existing loans.

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report
Business

Airtel, Voda Idea, Tata Tele likely to pay AGR dues today; DoT unlikely to give more extension to telcos: Report

As per the last available estimates, Airtel owes nearly Rs 35,586 crore, including licence fee and spectrum usage charges, to the government.

AGR-hit Vodafone Idea postpones Q3 analyst call scheduled for today; no reasons given for cancellation
Business

AGR-hit Vodafone Idea postpones Q3 analyst call scheduled for today; no reasons given for cancellation

Vodafone Idea in its earnings statement on Thursday had also sounded out warnings on "material uncertainty" casting "significant doubt" on its ability to continue as a going concern.

Vodafone Idea's losses widen to Rs 6,439 cr in December quarter; AGR-hit telco flags 'material uncertainty'
Business

Vodafone Idea's losses widen to Rs 6,439 cr in December quarter; AGR-hit telco flags 'material uncertainty'

Vodafone Idea (VIL) ability to continue as a going concern is essentially dependent on a positive outcome of its modification application in the Supreme Court on the AGR matter and any relief from the Telecom Department on payments

BSNL, Air India, MTNL highest loss-making PSUs in FY19; ONGC most profitable: CPSE survey
Business

BSNL, Air India, MTNL highest loss-making PSUs in FY19; ONGC most profitable: CPSE survey

ONGC, Indian Oil Corporation and NTPC were the top three profitable PSUs in 2018-19, whereas BSNL, Air India and MTNL incurred highest losses for a third consecutive year, according to a survey tabled in Parliament on Monday

Vodafone Idea, Bharti Airtel exploring options; mull filing curative petition after SC dismisses review plea on AGR issue
Business

Vodafone Idea, Bharti Airtel exploring options; mull filing curative petition after SC dismisses review plea on AGR issue

Vodafone Idea, reeling under massive debt of around Rs 1.17 lakh crore, had earlier cited acute financial stress on the company behind the decision to raise mobile call and data charges

MTNL shareholders approve Rs 6,500-cr NCD issue, monetisation of land and buildings
Business

MTNL shareholders approve Rs 6,500-cr NCD issue, monetisation of land and buildings

State-owned MTNL on Thursday said that it has received shareholders' approval for raising up to Rs 6,500 crore through issuance of non-convertible debentures as well as for monetisation of land and buildings

'Thought I'd wish my friends a happy new year': Kashmiris disappointed as postpaid SMS services resume only for BSNL contrary to govt claims
India

'Thought I'd wish my friends a happy new year': Kashmiris disappointed as postpaid SMS services resume only for BSNL contrary to govt claims

Many Kashmiris who were waiting for midnight to wish their friends a happy new year were disappointed as SMS services were restored only for BSNL users, contrary to government claims.

BSNL clears Rs 1,700 cr in dues to vendors, contractors; pays November salaries to employees: CMD PK Purwar
Business

BSNL clears Rs 1,700 cr in dues to vendors, contractors; pays November salaries to employees: CMD PK Purwar

In October this year, the government approved a Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and giving VRS to employees.

BSNL's VRS bears fruit: State-run telco likely to save up to Rs 600 cr per month on wage bills; may monetise land assets
Business

BSNL's VRS bears fruit: State-run telco likely to save up to Rs 600 cr per month on wage bills; may monetise land assets

In a major relief to the BSNL employees, the company is set to pay November salary before 31 December and the amount will be raised from internal accruals and bank loans.

World's cheapest, biggest telecom market faces life-threatening crisis; industry favours TRAI intervention to fix floor price
Business

World's cheapest, biggest telecom market faces life-threatening crisis; industry favours TRAI intervention to fix floor price

With 1 gigabyte (GB) of mobile data costing just $0.26 compared to $12.37 in the US and $ 6.66 in the UK, India in 2019 emerged as the nation with the cheapest telecom tariff in the world.

BSNL eyes Rs 1,300 cr savings this fiscal after VRS becomes effective: CMD PK Purwar
Business

BSNL eyes Rs 1,300 cr savings this fiscal after VRS becomes effective: CMD PK Purwar

State-owned Bharat Sanchar Nigam Ltd (BSNL) said on Tuesday that as many as 78,569 employees have opted for VRS, and added that it expects to save Rs 1,300 crore in wage bills this fiscal after the scheme becomes effective in January

Telecom Minister Ravi Shankar Prasad hits out at Vodafone for 'dictating' terms to India
Business

Telecom Minister Ravi Shankar Prasad hits out at Vodafone for 'dictating' terms to India

Telecom Minister Ravi Shankar Prasad on Monday hit out at British telco Vodafone for "dictating" terms to India when it threatened of withdrawing from the Indian market following a SC ruling

India well-poised to attract investments that move out of China; tax reforms to ensure foreign fund inflows: Piyush Goyal
Business

India well-poised to attract investments that move out of China; tax reforms to ensure foreign fund inflows: Piyush Goyal

Speaking at the India Economic Conclave 2019, he said the tax reforms introduced by the government recently will ensure investments come back to India.

BSNL seeks many more senior technical officers to ensure uninterrupted service amid VRS to reduce staff strength, expenses
Business

BSNL seeks many more senior technical officers to ensure uninterrupted service amid VRS to reduce staff strength, expenses

The government in October approved a Rs 68,751-crore revival package for loss-making BSNL and MTNL, including 4G spectrum allocation and voluntary retirement scheme, as well as their merger.

Telecom sector records Rs 41,000 cr dip in gross revenue over 3 years: Ravi Shankar Prasad
Business

Telecom sector records Rs 41,000 cr dip in gross revenue over 3 years: Ravi Shankar Prasad

The telecom sector's gross revenue fell about Rs 41,000 crore in three years on account of a dip in mobile services rates, said Telecom Minister Ravi Shankar Prasad on Wednesday

Over 92,000 employees of BSNL, MTNL opt for voluntary retirement scheme
Business

Over 92,000 employees of BSNL, MTNL opt for voluntary retirement scheme

Over 92,000 employees of state-run BSNL and MTNL have so far opted for the recently announced VRS scheme, according to a government source

BSNL bailout: Employee unions of state-run telco call for hunger strike today; say VRS not beneficial for lower-level staff
Business

BSNL bailout: Employee unions of state-run telco call for hunger strike today; say VRS not beneficial for lower-level staff

According to BSNL chairman and managing director P K Purwar, over 77,000 out of around 1.6 lakh employees of the loss-making telecom firm have opted for VRS.