The group companies now lead the market capitalisation league table in sectors such as ports, power generation, gas distribution and transmission, and power transmission and distribution, ahead of incumbents in both public and private sector. This has Gautam Adani family the second wealthiest in business in India.
Govt to bear Rs 12k-cr cost of spectrum retention but without any cash outgo put up for Cabinet nod.
'Their action in asking for blocking of entire websites is a mis-representation of a judicial order to cause indiscriminate blocking of these web-services throughout the country.'
BSNL Chairman and Managing Director P K Purwar told PTI that the scheme will be open between November 4 and December 3, and that instructions have already been given to field units to inform employees about the VRS offering.
Until March 2009, MTNL had Rs 11,429.37 crore of reserves and zero debt in its books. In three years a lot changed. At the end of 2011-12, the debt stood at Rs 9,647.49 crore and the reserves had dwindled to Rs 1,906.70 crore, after it paid Rs 11,000 spectrum fee.
The 1986-founded company is in the process of appointing a consultant for formulating the future plan of action for its CDMA business.
Scores of Samajwadi Party workers were arrested in Allahabad on Monday while staging a demonstration as part of the party's statewide stir against the Bahujan Samaj Party government even as the Leader of Opposition in the state Legislative Council was kept in "preventive detention."
Wipro, Steel Authority of India, HDFC Bank, Mahanagar Telephone Nigam, Bharat Heavy Electricals and Reliance Commnications among companies reporting a decline in headcount in FY17.
Other members of the search panel are secretary (personnel) Shantanu Consul, telecom secretary P J Thomas, IIT Chennai professor Ashok Jhunjhunwala, IIM Ahmedabad professor Samir Baruha and IISC Bangalore professor N Balakrishnan.
The proposal gains significance because the merger plan was given a quiet burial under former telecom minister A Raja.
Bharat Sanchar Nigam Ltd has started talks on synergising operations with Mahanagar Telephone Nigam Ltd, which offers telecom services in Delhi and Mumbai.
A decision on the merger will take some time as there are procedural problems with MTNL being a listed entity and BSNL non-listed.
According to a senior company official, BSNL is in the process of appointing recovery agents on a commission basis to bring back the money.
BSNL has been among the top three net losers in terms of subscribers. MTNL, which operates in only the Delhi and Mumbai circles, has lost, too.
The telecom PSU plans to get back in black in two years; BSNL too has started discussions to lease out its towers.
The circumstances under which United Carbide Chief Warren Anderson suddenly fled the country after he arrived in the aftermath of Bhopal Gas Tragedy will continue to remain in mystery with the Mahanagar Telephone Nigam Limited, which could also have thrown some light, unable to provide phone call details.
Tata Projects (Hyderabad), Tractebel Engineers and Constructors Pvt Ltd (New Delhi), Germanischer Lloyd Industrial Services (Mumbai) and Bureau Veritas (India), Pvt Ltd (Mumbai) are among the 13 agencies which will perform technical audit of city gas projects.
A deputy general manager for Global System for Mobile Communications services and assistant general manager (sales) of MTNL, Mumbai, had allegedly entered into a criminal conspiracy with nine distributors of MTNL subscriber identity module (SIM) cards and helped them in extracting commission from the company on the basis of fake customer forms.
If candidates from the private sector are selected, this will be the first time that these telecom PSUs are headed by chiefs from the private sector.
The government last month had approved a plum Rs 69,000 crore revival package for BSNL and MTNL that includes merging the two loss-making firms, monetising their assets and offering VRS to employees so that the combined entity turns profitable in two years.
The department of telecommunications has agreed to set up a search committee to look for new chairmen and managing directors for both, as suggested by the Sam Pitroda-led committee on the organsiation's revamp.
The Vanchit Bahujan Aghadi has called for the statewide shutdown to protest against the Citizenship (Amendment) Act and the proposed National Register of Citizens. Barring stray incidents of stone pelting and attempt to disrupt road traffic in Mumbai, there was not much impact of the bandh in the metropolis.
Even in the protected world of India's sick public sector units, it takes a special kind of government company to lose Rs 8 crore (Rs 80 million) a day, while earning just Rs 10 crore (Rs 100 million) as revenue - and that in the booming field of telecommunications.
Mohammad Azharuddin's house at the Garib Nagar area of Bandra, was broken down early this morning.
The scheme will be offered to 15,000 employees, or one-third of the workforce, in the current financial year.
The PSU is planning to convert Rs 3,000 crore (Rs 30-billion) loan into long term debt.
Commuters in Mumbai are having a hard time on Tuesday as the supply of Compressed Natural Gas in the city was hit after a service pipeline was badly damaged.
Finance Minister Pranab Mukherjee has rejected a proposal by Communications Minister A Raja for refund of the Rs 29,598 crore paid by state-owned Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited for third generation (3G) and broadband wireless access (BWA) spectrum.
The top three fixed line players Bharat Sanchar Nigam Limited, Mahanagar Telephone Nigam Limited and Bharti Airtel reported a revenue decline.
The service has been launched in partnership with transmission solutions firm Sterlite Technologies.
Upon discovery of the price for 3G and Broadband Wireless Access spectrum, BSNL and MTNL recently paid Rs 18,500.38 crore (Rs 185 billion) and Rs 11,097.97 crore (Rs 110.97 billion), respectively, to the government.
The prime minister's directive comes in the wake of telecom minister A Raja seeking his intervention for early resolution of BSNL's tender controversy.
This move comes after the appointment of the company's new chairman and managing director Kuldip Singh.
One tenth mobile subscribers in India own multiple mobile phone connections, says a report.
BSNL has slashed rates of all such calls from its landline network to the level of local call rates of Rs 0.80-1.20, depending upon the rate plan, with a pulse of three minutes.
Two years after having allotted third-generation (3G) spectrum without any contest to its own telecom companies, on the promise that they'd match the prices later paid by private sector winners of the auction for it, the communications ministry now wants them to get it for free.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Operators Bharat Sanchar Nigam Ltd, Bharti Airtel, Vodafone-Essar, Aircel, Mahanagar Telephone Nigam Ltd and Idea Cellular might have to fork out over Rs 11,200 crore for having spectrum beyond 6.2 MHz, if the government accepts the Telecom Regulatory Authority of India (Trai) recommendations.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
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