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Pegasus spyware infected 45 countries between 2016 and 2018, targeted eight Indian telcos, shows Citizen Lab report
World

Pegasus spyware infected 45 countries between 2016 and 2018, targeted eight Indian telcos, shows Citizen Lab report

Citizen Lab had last year released findings about the reach and scope of Pegasus. This is the very same spyware that was used to carry out surveillance on at least 19 Indians earlier this year

Govt forms high-level panel to look at bailout package for telcos; spectrum charges likely to be lowered
Business

Govt forms high-level panel to look at bailout package for telcos; spectrum charges likely to be lowered

It has also been asked to consider lowering the obligation of TSPs for providing 5% of their annual revenues for the Universal Service Obligation Fund, they said.

MTNL announces new 1 Gbps broadband plan in Delhi starting at Rs 2,990
News & Analysis

MTNL announces new 1 Gbps broadband plan in Delhi starting at Rs 2,990

The Rs 2,990 broadband plan will give customers up to 4 TB of monthly FUP data for the first six months.

SC order on telecom revenue definition deals disastrous blow to industry in acute distress, says COAI
Business

SC order on telecom revenue definition deals disastrous blow to industry in acute distress, says COAI

The decision will have a big impact on the telecom sector as it is already in the state of huge financial distress, experts opined

PSU telco Rs 69,000 cr bailout package: BSNL, MTNL merger will throw more public money down the drain
Business

PSU telco Rs 69,000 cr bailout package: BSNL, MTNL merger will throw more public money down the drain

Globally, any merger works only because employees get fired and the merged company is able to bring down their cost of operations

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro
Business

PSU telco bailout package makes little sense, L&T stock prospects; all this and more on Moneycontrol Pro

Moneycontrol Pro offers curated markets data, independent equity analysis, insights into investment styles and exclusive trading recommendations

MTNL shares surge 5%; hit upper circuit on Rs 69,000-cr revival plan announcement
Business

MTNL shares surge 5%; hit upper circuit on Rs 69,000-cr revival plan announcement

MTNL's scrip jumped 4.92% to Rs 6.19—its upper circuit limit on the BSE

Govt announces $8 billion plan to help BSNL, MTNL catch up with private competitors
News & Analysis

Govt announces $8 billion plan to help BSNL, MTNL catch up with private competitors

The two telcos have debts of Rs 400 billion with the government planning to raise Rs 380 billion by selling their assets.

MTNL expects to be operationally profitable within two years; CMD Sunil Kumar hopes 15,000 eligible employees opt for VRS
Business

MTNL expects to be operationally profitable within two years; CMD Sunil Kumar hopes 15,000 eligible employees opt for VRS

MTNL Chairman and MD Sunil Kumar said the voluntary retirement scheme approved by the government is very lucrative for the employees

Government approves BSNL, MTNL merger; employees given voluntary retirement option
News & Analysis

Government approves BSNL, MTNL merger; employees given voluntary retirement option

MTNL, largely present in major Indian cities, will act as a unit of BSNL until the merger is completed.

Union Cabinet hikes MSPs for rabi crops, approves BSNL-MTNL merger, regularises unauthorised Delhi colonies: 5 key decisions taken today
Business

Union Cabinet hikes MSPs for rabi crops, approves BSNL-MTNL merger, regularises unauthorised Delhi colonies: 5 key decisions taken today

The Union Cabinet headed by Prime Minister Narendra Modi on Wednesday took major decisions aimed at reviving the economy

BSNL, MTNL to be merged; govt will put in nearly Rs 69,000 cr for revival of two state-owned telecom firms
Business

BSNL, MTNL to be merged; govt will put in nearly Rs 69,000 cr for revival of two state-owned telecom firms

The government on Wednesday decided to merge loss-making telecom firms MTNL and BSNL as part of a revival package that includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees

MTNL, BSNL employees threaten to go on nationwide strike; dues not paid for two months
Business

MTNL, BSNL employees threaten to go on nationwide strike; dues not paid for two months

Employees have been protesting outside the office of MTNL as their salaries haven't been paid for two months—August and September

MTNL CMD Sunil Kumar says staff salaries due for 2 months, trying sincerely to release wages at earliest
Business

MTNL CMD Sunil Kumar says staff salaries due for 2 months, trying sincerely to release wages at earliest

Cash-strapped MTNL has not been able to pay staff wages for July and August and is making a sincere effort to release at least a portion of the dues at the earliest, a top company official said

Cash-strapped BSNL reviews outsourced functions to save cost; faces Rs 800 cr revenue-expense gap: CMD PK Purwar
Business

Cash-strapped BSNL reviews outsourced functions to save cost; faces Rs 800 cr revenue-expense gap: CMD PK Purwar

Cash-strapped BSNL has started an exercise to 'streamline' outsourced functions for saving up to Rs 200 crore annually, and also hopes to rationalise power bills to derive 15 percent cost savings, a top official said on Tuesday

Loss-making telecom PSUs BSNL, MTNL fail to pay July salary to 1.98 lakh employees, says union leader
Business

Loss-making telecom PSUs BSNL, MTNL fail to pay July salary to 1.98 lakh employees, says union leader

Loss-making telecom PSUs Bharat Sanchar Nigam Ltd and MTNL have failed to clear salaries of their 1.98 lakh employees for July, a union leader said on Thursday

Telecom department working on proposal for MTNL, BSNL merger; Cabinet to take final call
Business

Telecom department working on proposal for MTNL, BSNL merger; Cabinet to take final call

The Department of Telecommunications (DoT) is "working on" a proposal for merger of cash-strapped BSNL and MTNL as part of efforts to revive the ailing state-owned telecom firms

Mumbai fire: Cooling operations still underway at MTNL building in Bandra to ward off smoke, say officials
India

Mumbai fire: Cooling operations still underway at MTNL building in Bandra to ward off smoke, say officials

Cooling operations are still underway at the MTNL building in suburban Bandra, in Mumbai, where a massive fire broke out on Monday, an official said

Mumbai fire: Blaze breaks out at MTNL building in Bandra; all stranded people rescued, fireman injured
India

Mumbai fire: Blaze breaks out at MTNL building in Bandra; all stranded people rescued, fireman injured

There have been over 49,000 fire incidents in Mumbai in the last one decade, killing more than 600 people, the Maharashtra government had told the assembly in November 2018.