The company has cleared around Rs 750 crore for salaries, paid interest of around Rs 800 crore on loans and rest of the funds have been approved for operational expenses like electricity bill payments, partial dues of vendors etc. Continue Reading
Once market leader, State-owned Bharat Sanchar Nigam Limited (BSNL) has fallen into deeper trenches in recent times. The firm that has been struggling to pay its employees their salaries, has now been asked to put all its tenders on hold. Continue Reading
State-owned crisis-hit telecom operators BSNL and MTNL in a bid to turn around their loss-making spree may be looking to leverage their assets to private players to generate income and offer VRS packages for employees to bring down salary bills.
Mobile telephony dominates Indian telecom market with 98 per cent market share. The number of telephone subscribers in the country increased to 119.2 crore in October from 119.14 crore in September… Continue Reading
According to financial data shared by Telecom Minister Manoj Sinha in the Lok Sabha yesterday, BSNL had posted a loss of Rs 4,793 crore in 2016-17. Continue Reading
Members of the All Unions and Associations of BSNL’s (AUAB) strike which was announced today has been postponed.
The strike was announced over non-issuance of the third pay revision and various other demands. The decision of the strike was taken during a meeting which was convened 14 November. Continue Reading