Podcasts about mtnl

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Best podcasts about mtnl

Latest podcast episodes about mtnl

The Imperfect show - Hello Vikatan
இந்தியாவுக்கு வரும் APPLE முதலீட்டை TRUMP தடுத்து நிறுத்தினாரா? | IPS Finance - 210 | Sensex | Nifty

The Imperfect show - Hello Vikatan

Play Episode Listen Later May 15, 2025 15:07


BSNL and MTNL are set to sell assets worth ₹1,000 crore — could this trigger a rise in their share prices? We take a closer look at what this move means for investors. Thinking of investing in an IPO? Make sure you're paying attention to key aspects of the Offer for Sale (OFS) — we break it down for you. Also in this video: a comparative analysis of the Indian and Pakistani stock markets ahead of the high-stakes India vs Pakistan match. And did former U.S. President Donald Trump really block Apple's potential investment in India? We decode the developments and what they mean for the Indian tech and investment landscape.

Finshots Daily
The MTNL story - Rescue, repeat, regret

Finshots Daily

Play Episode Listen Later Apr 24, 2025 8:52


In today's episode on 24th April 2025, we tell you why MTNL's rescue is stuck in a limbo and how it could end up hurting Indian banks, and you.Speak to Ditto's advisors now, by clicking the link here - https://ditto.sh/9zoz41 

Mint Business News
UPI Tax Rumors Busted | MTNL Defaults Big | REITs, InvITs Get a Boost

Mint Business News

Play Episode Listen Later Apr 21, 2025 9:58


To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms. https://open.spotify.com/show/7x8Nv1RlOKyMV5IftIJwP1?si=bf5ecbaedd8f4ddc This is Nelson John, and I'll bring you the top business and tech stories, let's get started.  1. No GST on UPI, Says Government The Finance Ministry has shut down rumors of a potential 18% GST on UPI payments over ₹2,000, calling the reports “false and misleading.” It clarified that GST applies only where fees like MDR are involved—which were eliminated in 2020 for UPI Person-to-Merchant transactions. Instead, the government is doubling down on UPI promotion, spending ₹3,631 crore in FY24 alone. With UPI transactions soaring to ₹260.56 lakh crore, India now handles 49% of global real-time digital payments. Bottom line: UPI stays tax-free. 2. MTNL Defaults on ₹8,346 Crore MTNL has defaulted on massive loans from seven public sector banks, including SBI and PNB, pushing its total debt to ₹33,568 crore. The defaults occurred between August 2024 and February 2025. Despite the financial mess, MTNL stock has delivered 500% returns in five years—though it's down 15% year-to-date. Investors remain optimistic, but the company's debt pile raises serious questions about its future. 3. China Extends Olive Branch to India Amid $99 Billion Trade Gap China's trade deficit with India hit a record $99.2 billion, prompting Beijing to seek economic cooperation. Ambassador Xu Feihong said China is ready to open its market to premium Indian exports but expects equal treatment for Chinese firms in return. Meanwhile, India has activated an Import Monitoring Committee to track any potential dumping of Chinese goods amid U.S. tariffs. The stakes: whether this becomes a turning point in bilateral trade—or another round of economic tug-of-war. 4. Auto Part Makers Burn Cash in EV Gamble Once solid in the engine parts business, companies like Greaves Cotton, Tube Investments, and Pinnacle Industries jumped into EV manufacturing to stay relevant. The result? A collective ₹1,600 crore in losses. Greaves' scooter sales halved in FY24, Pinnacle's EKA Mobility bled cash despite a solid order book, and Tube's EV arm remains unprofitable. Analysts say legacy players like Bajaj and TVS now dominate, with better brands, service networks, and distribution. The EV dream for these suppliers? A harsh reality check. 5. Sebi Pushes for More MF Exposure to REITs, InvITs Sebi wants mutual funds to increase exposure to REITs and InvITs, proposing to double the investment cap to 20% of NAV and 10% per issuer. The move aims to boost real estate and infra sectors, but experts warn of risks around taxation, classification, and compliance. Since these instruments blend features of equity and debt, overshooting limits could mess with a fund's identity and investor expectations. A bold push—but AMCs will need better risk disclosures and investor education to make it work.

MarketBuzz
1348: Marketbuzz Podcast with Kanishka Sarkar: Sensex, Nifty likely to make gap-up start, Titan, Adani Wilmar in focus

MarketBuzz

Play Episode Listen Later Oct 7, 2024 8:14


Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of October 7 -The Nifty 50 on Friday did huff and puff its way to somehow close above 25,000, it could not avoid registering its worst week of 2024, a week that saw ₹17 lakh crore erosion in the overall market capitalisation of BSE-listed companies. The trio of HDFC Bank, ICICI Bank and Reliance Industries contributed to over 40% of the sell-off seen on the Nifty during Friday's session, although FMCG stocks were the ones that triggered the move downwards during the final trading day of the week. -The upcoming week promises no respite either. The tensions between Iran and Israel continue to remain an overhang as there has been no positive development on that front. This will also have an impact on the Reserve Bank of India's policy decision on Wednesday. -While a majority of CNBC-TV18's Citizen's MPC believes that the RBI should not cut rates, they believe that there should be a change in the central bank's stance to "neutral." -Earnings season begins in the second half of the upcoming week with TCS kickstarting proceedings on Thursday, October 10, along with other broader market names like Tata Elxsi, IREDA and others. -The Nifty bulls may look for some respite on Monday considering the oversold setups and a positive handover from Wall Street post the non-farm payrolls data. -Stocks to watch: Titan, IndusInd Bank, Federal Bank, Macrotech Developers, Godrej Properties, Adani Wilmar, Metropolis Healthcare, RBL Bank, L&T Finance, GAIL, Gravita India, MTNL, Landmark Cars -Asian stocks rose this morning after stronger-than-expected US payroll data underscored the health of the world's largest economy and boosted optimism over a soft landing. Equity benchmarks in Australia, South Korea and Japan all gained after the S&P 500 and Treasury yields rose on Friday as traders trimmed bets on Federal Reserve interest-rate cuts. US 10-year yields climbed a further one basis point Monday, nearing the key 4% threshold. -Over in the U.S, stocks advanced on Friday after a stronger-than-expected jobs report gave investors confidence around the health of the economy. Data showed nonfarm payrolls grew by 254,000 jobs in September, far outpacing the forecasted gain of 150,000 from economists polled by Dow Jones.  The S&P 500 rose 0.9%, while the Nasdaq Composite jumped 1.22%. The Dow Jones Industrial Average added 0.81% to notch an all-time closing high of 42,352.75. -Oil drifted lower as traders weighed Israel's potential retaliation against Iran for a missile attack last week, with President Joe Biden discouraging a strike on Tehran's crude fields. -The GIFT Nifty was trading higher, at a premium of over 80 pts from Nifty Futures Friday close, indicating a gap-up start for the Indian market. Tune in to the Marketbuzz Podcast for more cues

ThePrint
ThePrintPod: Five debt defaults, two NPAs & 100% value erosion. MTNL barrels towards a major financial crisis

ThePrint

Play Episode Listen Later Sep 16, 2024 10:20


Since 2019, govt has pumped Rs 3.22 lakh crore into MTNL & BSNL. Both remain in losses. MTNL has begun to default on loans & bond payments, possibly the first large PSU to become NPA.  

Mint Business News
SIA, Tatas in talks over Vistara-Air India merger

Mint Business News

Play Episode Listen Later Oct 14, 2022 5:00


In this episode, find out about Reliance Industries' plan to acquire Metro AG, also find out MTNL's Rs 17,571 crore fundraising plan Business Term of the Day: RBI Retail Direct Scheme

Business Standard Podcast
Decks cleared for 5G auction but will you enjoy the benefits anytime soon?

Business Standard Podcast

Play Episode Listen Later May 11, 2022 7:56


Ready to enjoy blazing-fast speeds with 5G? Looking forward to enjoying entertainment options, such as immersive video and wireless holograms, which were hard to come by in the past? Well, there is good news for you, at least depending upon which city you live in. We are one step closer in our tryst with new high-speed services.   The decks have reportedly been cleared for the Department of Telecommunications, or DoT, to auction the 5G spectrum. In fact, India might see 5G services being showcased on 15th August. The Telecom Regulatory Authority of India, or TRAI, has left it to the DoT to take a decision on three crucial issues. The first is the validity period of spectrum assignment. The second is the deferment of auction in the 27.5 GHz-28.5 GHz band. And, the third is the quantum of spectrum that will be reserved for BSNL and MTNL. As a result, the whole process has become simple. Going ahead, the Digital Communications Commission, or DCC, will clear the 5G spectrum auction.  Subsequently, it will have to be cleared in the Union Cabinet. Finally, the DoT could begin the auction process in June. On their part, the telcos have said that if everything goes well, limited 5G services roll out might be seen by the end of this year.   Telcos had demanded a 90 per cent reduction in the 3.5 GHz spectrum base price, compared to the regulator's recommendation in 2019. But this demand has not been met. However, at 317 crore rupees for a pan-India 1 MHz of spectrum, the base price has been reduced by 36 per cent for a validity of 20 years. While it had earlier wanted a 30-year-period validity, the DoT took an about turn and suggested a 20-year period. According to a recent Business Standard report the base price for a 30-year period would be 1.5 times the base price for 20 years. As a result, the base price would have been 476 crore rupees, which would be pretty close to the 491 crore rupees recommended by TRAI in 2019. And, the telcos had made it clear that the price being pegged so high would discourage them from taking part in the auctions.   The 30-year period was one of the elements of the telecom package announced by the government. However, the Cabinet can still take a call on any further reductions. On the issue of private captive networks, TRAI had earlier recommended that enterprises should be allowed to get spectrum directly from DoT to run their own networks in remote locations. However, it has now changed tack and both the DoT and the regulator are on the same page on this contentious issue. Now, TRAI has reportedly said that a demand assessment would be necessary for enterprises to get spectrum directly.   Telcos, on their part, have highlighted that the bulk of the business in 5G would come from enterprises, which is a trend seen globally. While the current auction might not prove to be a similarly negative inflection point, it is worth asking that under the present terms and conditions, will an appreciable number of Indians be able to take advantage of 5G services?    

Business Standard Podcast
Why is the government stake in Voda Idea puzzling markets?

Business Standard Podcast

Play Episode Listen Later Jan 12, 2022 6:10


The government taking a 35.8% holding in Vodafone Idea has surprised many. At a time when it looked poised to dilute its stakes in many public sector companies, the move failed to excite the Street too, as the cash-strapped company's shares dipped 21% yesterday. Experts also pointed out that ailing government-owned telecom giants MTNL and BSNL are also crying for attention. They are yet to roll out 4G services. But the move may well give Vodafone Idea a lease of life. The third-largest telecom carrier's fundraising plans are significantly delayed and Vodafone Group has made it clear it will not make any fresh equity infusion into its Indian unit.  Against this backdrop, the government of India is set to become the single largest shareholder in struggling Vodafone Idea after the telco opted to convert interest worth Rs 16,000 crore on deferred spectrum liabilities and Adjusted Gross Revenue dues into equity. It had previously accepted a four year moratorium on spectrum and AGR dues offered by the government's Telecom Reforms Package announced last September.  While Airtel had chosen to pay the interest arising out of such deferment, Vodafone Idea is taking advantage of the relief package to convert them into equity. This will result in a massive dilution to existing shareholders.  The government will hold some 35.8% stake in India's third biggest carrier. The Vodafone Group will own around 28.5% and Aditya Birla Group about 17.8%.  While this may provide comfort to financial creditors, at the same time it places an undue expectation on the government for any future fund infusions as it has consciously chosen to be part of the company's turnaround.  As of September end, Vodafone Idea had a gross debt of Rs 1.94 trillion, 90% of which it owes to the government. The company's decision crucially prevents a duopoly in the telecom market, which was ostensibly the intent of the telecom reforms package.  While this move has helped the company extinguish some dues, the government holding has evidently unsettled investors. Prime Minister Narendra Modi had declared last February that “government has no business to be in business”.   Vodafone Idea should not be allowed to remain a quasi-public sector company for long. While the government may become the largest shareholder, it may not get involved in running the company. In an earlier interaction with Business Standard, Vodafone Idea's CEO Ravinder Takkar had said that it would be incorrect to state that the company will turn into a public sector undertaking. He said the government has no interest in acquiring and running telecom companies. The government will also have an option to convert the due amount pertaining to the deferred payment into equity at the end of the four-year moratorium period.  In the absence of any significant external fundraising by the company, such a scenario would mean the government becoming a controlling shareholder.  Nevertheless, it should soon come up with an exit strategy for its stake. Its support provides short-term relief and stability but over the long term it needs to be ensured that Vodafone Idea does not go the Air India way.   Watch video

Business Standard Podcast
Market Wrap, Jan 6: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Jan 6, 2022 4:26


Global markets, including India, turned lower on Thursday as persistent inflationary pressures and fears of a faster-than-expected rise in US interest rates weighed on riskier assets. The frontline S&P BSE Sensex shed 621 points, or 1.03 per cent, to close at 59,602 after it fell over 900 points during the day. The broader Nifty50, meanwhile, shut shop at 17,746, lower by 179 points. It had touched a low of 17,655 earlier in the day. The sharp losses came after minutes from the Federal Reserve's key December meeting showed that the central bank discussed reducing its balance sheet to aggressively dial back its pandemic-era easy monetary policy. Auto stocks such as Bajaj Auto, Eicher Motors, and Maruti Suzuki dominated the gainers' list. These were supported by gains in IndusInd Bank, Bharti Airtel, UPL, and Bajaj Finance. All these stocks were up between 1 and 2% On the downside, JSW Steel, Ultratech Cement, Tech Mahindra, RIL and Adani Ports were the top drags, down in the range of 2-3 per cent. Sectorally, IT shares felt the heat for a second day and were the major laggards. The Nifty IT index has fallen 4% in the last two days. Today, it recouped some losses and ended 1.6% lower. December quarter results of IT majors are keenly awaited. Wipro, TCS and Infosys will announce their Q3 results next week. Financial stocks were also the major dampeners that pulled the indices down. The Nifty Bank and Financial index fell 1.7% each in the day with heavyweights HDFC Bank, ICICI Bank falling up to 2% on the BSE. The two indices trimmed losses and closed 0.6% and 0.9% down, respectively. Other significant sectoral losers included Nifty Realty, which closed 1.5% lower. On the flip side, Sugar and Telecom shares were the outperformers in a subdued market. The shares of sugar companies continued their upward movement, with Balrampur Chini Mills, Dwarikesh Sugar Industries and Triveni Engineering & Industries hitting their new respective highs on strong sector outlook. Meanwhile, the BSE Telecom index rose up to 2.4% in the day amid gains in Bharti Airtel and Vodafone Idea. Tata Teleservices, MTNL and GTL Infra were the other gainers in the space and closed nearly 5% higher. Given the strength in the broader market, the overall market breadth favored buyers on the BSE. There were 1,983 advancing stocks on the exchange, as against 1,399 declining stocks. Further, a rally in small-sized companies saw one out of every six traded stocks locked at the upper circuit on the BSE. Nearly 600 stocks hit their respective upper circuits wherein as many as 63 per cent or 382 stocks were from the BSE X and XT group. Lastly, as per a report by Nomura Holdings, the Reserve Bank of India is expected to start raising borrowing costs from April as fresh curbs to tackle a resurgent Covid-19 outbreak could disrupt supply chains and drive consumer prices higher. It sees upside risks to its 5.6% full-year inflation forecast due to possible supply disruptions as states increase pandemic curbs. 

Business Standard Podcast
Market Wrap Podcast, December 28: All that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Dec 28, 2021 5:28


Headline indices extended gains on Tuesday on the back of all-round buying as investors sidelined Omicron related fears. The BSE Sensex, surged to an intra-day high of 57,952, and ended 477 points up at 57,897. The NSE Nifty touched a high of 17,250, and settled with a gain of 147 points at 17,233. Some analysts, Business Standard spoke to, remain hopeful that the equity markets will look past Omicron fears and move higher. Despite, multiple headwinds, including the policies of various global central banks amid the rising Covid cases with the emergence of the omicron variant, they believe that there would not be any major fall in the markets over the short-term but do not rule out bouts of volatility going ahead. The broader indices also closed with smart gains. The BSE Midcap index was up 1 per cent, and the SmallCap index gained 1.5 per cent. Asian Paints and Sun Pharma were the major gainers among the Sensex 30 stocks, up nearly 3 per cent each. Mahindra & Mahindra, Titan, NTPC and UltraTech Cement also rallied more than 2 per cent each.  Larsen & Toubro, HCL Technologies, Tech Mahindra, Reliance Industries, and Infosys, were the other prominent gainers.  Individually, debutant Supriya Lifescience stole the limelight as the active pharmaceutical ingredient manufacturer got listed on the BSE at Rs 425- a 55% premium over its issue price of Rs 274. The stock that had received strong response from investors, ended 42 % higher on the exchange. Further, the shares of BSE surged up 10.5% to a high of Rs 2,028 on the National Stock Exchange, after the company announced that its board will meet on February 8, 2022 to consider a bonus issue. In the past one month, the stock has outperformed the market by surging 30%, against a 1.1 % rise in the Nifty50 index. In the broader market, state-owned telecom services provider MTNL continued its upward movement for the fourth straight day. The stock was locked at the 10% upper circuit on the BSE, with only buyers seen on the counter. The stock traded at its highest level since June 2014. So far in December, its share price has appreciated by 117 %.  That apart, two other stocks-Urja Global and 63 Moons Technologies have also surged over 100% in the last one month. Urja Global was locked in the 5% upper circuit for the 15th day, while 63 Moons hit a 52-week high on the BSE being locked in the same upper circuit. Cinema theatre player PVR ended 4% lower on the BSE after Delhi ordered closure of cinemas, gyms, schools and colleges, with immediate effect, amid various other restrictions. The new restrictions have been enforced as the national capital is seeing a new spike in covid cases, possibly led by the Omicron variant.  Moreover, the telecom space overall put up a good performance on the back of the Department of Telecommunications announcing the initial roll out of commercial 5G services in 13 Indian cities in 2022. Other sectors that were leading gainers included Auto, IT, Realty, and Consumer Durables.  The Nifty Pharma index also logged gains and closed 0.9% higher after health minister Mansukh Mandaviya said that India has granted emergency approval to Merck's anti-Covid pill Molnupiravir and two new covid-19 vaccines. The minister said that the pill will be manufactured by 13 companies in India. It was granted  emergency approval by the US FDA last week. Lastly, Bitcoin slid below $50,000, a level some analysts see as a key pivot for assessing the largest cryptocurrency's outlook heading into 2022. The token fell as much as 4.5% in Asia and was trading at about $49,100 as of 1:10 p.m. in Singapore. Second-largest coin Ether and the Bloomberg Galaxy Crypto Index were also in the red. 

Marketing Made Simple - Tamil Business Podcast

Smytten app link : https://play.google.com/store/apps/details?id=com.app.smytten 3 farm bills withdrawn by Govt. and you know why! Investment lessons from Paytm IPO Listing Government takes a stand on Bitcoin Regulation Cloud Kitchen : The future of organised restaurant business BSNL & MTNL non core assets up for bidding Video Resume : The future of hiring process and other business news, marketing insights from Nov 15 to 21 presented to you by Cat and Robo --- Send in a voice message: https://anchor.fm/mba-meme-school/message

Cyrus Says
Ep. 715: Cock & Bull feat. Kajol Srinivasan, Amit and Antariksh

Cyrus Says

Play Episode Listen Later Jun 18, 2021 64:36


On this episode, Cyrus is joined by hilarious standup comedian Kajol Srinivasan, along with Amit and Silverie (Antariksh) to talk about Cristiano Ronaldo and Coca Cola, whether that was a good professional move on his part, the time Kyrie Irving of the NBA decided not to show up to play for about 10 days, the news of more than 1 lakh false COVID tests done during the Kumbh Mela in Haridwar, how Madhya Pradesh has three times more of a death toll than normal after the 2nd wave of COVID-19 hit, and how India seems to be under-reporting it's coronavirus death toll by 5 to 7 times. The panel also discusses the amazing story of a Chicago man who jumped into Lake Michigan everyday for a whole year. Plus, an animated discussion about aliens! Also, Cyrus used to work for MTNL, don't let anyone tell you otherwise.Follow Kajol on Twitter and Instagram: https://twitter.com/LOLrakshak and https://instagram.com/lolrakshakAlso, subscribe to Cyrus' YouTube channel: https://youtube.com/channel/UCHAb9jLYk0TwkWsCxom4q8AYou can follow Amit on Instagram & Twitter @DoshiAmit: https://twitter.com/doshiamit and https://instagram.com/doshiamitYou can follow Antariksh on Instagram @antariksht: https://instagram.com/antarikshtDo send in AMA questions for Cyrus by tweeting them to @cyrussaysin or e-mailing them at whatcyrussays@gmail.comDon't forget to follow Cyrus Broacha on Instagram @BoredBroacha (https://www.instagram.com/boredbroacha)In case you're late to the party and want to catch up on previous episodes of Cyrus Says you can do so at: www.ivmpodcasts.com/cyrussaysYou can listen to this show and other awesome shows on the new and improved IVM Podcasts App on Android: https://ivm.today/androidor iOS: https://ivm.today/ios

The G2 on 5G Podcast by Moor Insights & Strategy
The G2 on 5G Podcast - Episode 51 – May 7th, 2021

The G2 on 5G Podcast by Moor Insights & Strategy

Play Episode Listen Later May 7, 2021 22:15


In this episode of The G2 on 5G, Anshel, Diana and Will Cover:1. Cradlepoint and Celona partner to deliver 5G services - what is the potential value?2. Verizon C-Band mmWave carrier ag trial? Hit 4.3gbps using 100MHz channel of C-band and 600MHz of mmWave.3. Starlink Speeds Reported by Ookla - Could this be a 5G FWA competitor in rural areas? Has 500K Orders in place.4. T-Mobile crushes Q1 earnings - is there additional upside?5. U.S. Cellular extended range mmWave 5G news (w Ericsson, Inseego, Qualcomm) at 7KM and 1Gbps6. India's big 4 operators (Bharti Airtel, MTNL, Reliance Jio, and Vodafone) are conducting 5G trials but no equipment from Huawei or ZTE will be used even though they were granted permission by the government last year. They are using Ericsson, Nokia, Samsung, and C-DOT equipment instead.

Business Standard Podcast
Market Ahead Podcast, May 5: Top factors that could guide markets today

Business Standard Podcast

Play Episode Listen Later May 5, 2021 3:48


Steady corporate earnings discounted fears on the Covid front, hinting at a positive start for the Indian markets on Wednesday. At 7.40 am, SGX Nifty was ruling 55 points higher at 14,588. Meanwhile, investors will also watch out for an unscheduled address by RBI governor Shaktikanta Das that will broadcast at 10 am today. India in the last 24 hours reported nearly 3.82 lakh fresh Covid cases. Forecasters warn that in the coming days, the death toll could more than double from current levels. A team at the Indian Institute of Science in Bangalore used a mathematical model to predict about 404,000 deaths will occur by June 11 if current trends continue. On the global market front, volatility gripped US markets in the overnight session as a rout in some of the largest tech companies dragged down stocks. Treasury Secretary Janet Yellen rattled markets with a comment that economists regarded as self-evident -- that rates will likely rise as government spending ramps up and the economy responds with faster growth. The Nasdaq Composite dropped 1.88%, the S&P 500 lost 0.67% and the Dow Jones Industrial Average pared its earlier losses and closed slightly higher, up 0.06%. Despite, the tech selloff on Wall Street, Asian markets and US futures traded on a steady note in early trade today. Australia’s S&P/ASX 200 increased 0.7%, Hong Kong’s Hang Seng Index rose 0.2% and S&P 500 futures added 0.2%. Japanese, Chinese and South Korean markets are closed for trade today. Now, a look at the stock-specific triggers that are likely to guide the market today A total of 20 companies are slated to post their March quarter numbers today, including Tata Steel, Adani Green Energy, Blue Dart Express, Gillette India and Deepak Nitrite. Adani Port's net profit for the March quarter jumped fourfold to Rs 1,287 crore from Rs 334 crore a year ago but fell short of the Rs 1,465 crore consensus forecast of analysts tracked by Bloomberg. Shares of Bharti Airtel, RIL, Vodafone Idea and MTNL will be in focus after the Department of Telecommunications allowed these firms to conduct 5G trials for six months, including two months for procuring and setting up equipment. IndiGo is in talks to raise fresh funds as the second wave of the pandemic has led to a collapse in travel demand. The airline may look to raise Rs 3,500-4,000 crore, a BS report said. RBL Bank on Tuesday reported a 34% decline in its March quarter profit to Rs 75 crore compared to Rs 114 crore in the year-ago period due to provisioning for possible loan losses that it sees in the retail unsecured segments.

Business Standard Podcast
Market Wrap, March 17: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Mar 17, 2021 6:09


A sharp selloff engulfed domestic markets in the second half of the trading session amid fears that a second-wave of Covid-19 infections could derail India's already fragile economic recovery.  India today reported 28,903 fresh cases, the most in a day since December 13 last year and the highest in 2021. Amid this backdrop, PM Narendra Modi called for "quick and decisive" steps to check the "emerging second peak" PM Modi in a virtual meet with the state chief ministers stressed that if we do not stop it here, then a condition for a nationwide outbreak may emerge. Besides, investors also chose to stay on the sidelines ahead of the Federal Reserve policy outcome later tonight. According to Vinod Nair of Geojit Financial Services, a final decision of the FOMC meeting will decide the trend of the market in the short-term. On a consensus basis, an accommodative policy is expected by the Fed, which will help the global market to stabilize. After gyrating between gains and losses in early trade, benchmark indices witnessed heavy selling pressure later in the trade amid weakness in shares of index heavyweight Reliance Industries and banking and financial stocks. The BSE barometer Sensex ended closer to day's low as it slipped 1.12% or 562 points to 49,802 while its NSE counterpart Nifty shed 1.27% or 189 points to 14,721. In the 30-pack index, barring four stocks - namely ITC, Infosys, TCS and HDFC, all ended in the red with ONGC as the worst performer down 5%, followed by NTPC, Sun Pharma and State Bank of India that shed 3% each. Reliance Industries, with a 2% fall, was the biggest Sensex drag. It was trailed by HDFC Bank, Kotak Bank, SBI and ICICI Bank. The fall in the broader market was more pronounced as BSE Midcap and Smallcap lost 2.48% and 2.21% each. Adani Power, Vishwaraj Sugar, Bayer Cropscience and Kellton Tech Solutions were among the top performers from the mid and smallcap space, rising up to 14% while IDBI Bank, BHEL, Tata Power, Vaibhav Global and MTNL were among the top losers, down between 6-11 per cent. Sectorally, all indices on the NSE ended in the red with PSU Bank leading the losers with a fall of 3.77 per cent. Nifty FMCG and Nifty IT indices were the least hit, down 0.47% and 0.68%.   On the stock-specific front, shares of SBI Card declined 4.4% after to Rs 976.75 on the BSE after over 40 million equity shares changed hands via a block deal.  On the flip side, shares of Dalmia Bharat added 3.75% to end at Rs 242.35 per share on the BSE after the promoter increased its stake in the firm via the open market. The stock had hit a 52-week high in intraday trade, a level last seen in September 2018. Shares of GMM Pfaudler after rallying 8% in intraday session ended only 2% higher as they acquired assets of HDO Technologies worth Rs 58 crore. In other news, according to data released by the Telecom Regulatory Authority of India (Trai) on Wednesday, the top two telcos Reliance Jio and Bharti Airtel have added 2 million and 5.9 million wireless subscribers respectively in the month of January. With this, Airtel outpaced Jio for the sixth straight month on user additions. Surprisingly, Vodafone Idea (Vi) has added users for the first time since the merger back in 2018, gaining 1.7 million wireless subscribers. Now, an update on the primary market The much-awaited initial public offer by Rakesh Jhunjhunwala backed Nazara Technologies sailed through on Day 1 of the bidding process and was subscribed 3.5 times as of 4.30 pm. Suryoday SFB IPO which also opened today saw a lukewarm response and received only 32% subscription. Meanwhile, Kalyan Jewellers' IPO sailed through and was subscribed 1 time; the issue closes tomorrow. The IPOs of Laxmi Organics and Craftsman Automation, meanwhile, were subscribed 106.7 times and nearly 4 times respectively as of the same time. The issues close today. A look at the global markets Asian and European indices dropped as investors waited

Business Standard Podcast
Market Wrap, March 12: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Mar 12, 2021 7:11


An across-the-board sell-off dragged the benchmark indices around a per cent lower on Friday as sombre global mood hit markets during the second-half of the trading session. US 10-year Treasury yields rose again on Friday, back above 1.6 per cent, and were on track to rise for the seventh straight week. Add to it, the dollar index rose 0.4 per cent denting sentiment further. Against this backdrop, gains in Asian stock markets proved tough to match for most of European peers, after they hit a 1-year high in the prior session. Nasdaq Futures, which tumbled over 1.5 per cent, or 200 points, also suggested a lower start for Wall Street later in the day. Japan's Nikkei added 1.7 per cent - but this faded out as Europe opened for business. Britain’s FTSE 100 and the STOXX Europe 600 slipped around 0.5 per cent each, weighing on the MSCI World Index, which was down 0.1 per cent. Back home, the equity indices snapped their three-day winning streak and settled 0.9 per cent lower. The frontline S&P BSE Sensex dropped 487 points, or 0.95 per cent, to end the day at 50,792 levels. From the intra-day high of 51,822, the index plunged 1,284 points to hit an intra-day low of 50,538. On the NSE, the Nifty index held the 15,000-mark to close at 15,031 levels, down 144 points, or 0.95 per cent. In the intra-day trade, the index hit a low of 14,954. 26 of the 30 constituents on the Sensex and 42 of the 50 constituents on the Nifty ended the day in the red. Hindalco, Bajaj Auto, HDFC Life, SBI Life, Maruti Suzuki, Adani Ports, IndusInd Bank, ICICI Bank, Hero MotoCorp, SBI, and Reliance Industries, all down between 2 per cent and 3 per cent, were the top laggards on the indices. On the flipside, PowerGrid, Titan Company, Infosys, ONGC, Bajaj Finance, Indian Oil Corp, BPCL, and JSW Steel remained the top gainers on the benchmark indices. In the broader markets, the S&P BSE SmallCap index fended the fall and settled 0.14 per cent higher, supported by gains in Apollo Pipes, Jindal Poly Firms, MTNL, BGR Energy Systems, Delta Corp, and Meghmani Organics. The MidCap counterpart, however, fell 0.45 per cent. Individually, shares of IDBI Bank surged 17 per cent to Rs 44.80 on the BSE in intra-day trade after the Reserve Bank of India removed the lender from the prompt corrective action framework on improving finances and credit profile. This eases the rules for the lender to expand its business and also sets the stage for strategic divestment by the government which holds a 45.48 per cent stake in the firm. The stock ended 10 per cent higher at Rs 42 per share on the BSE. That apart, shares of Indian Energy Exchange advanced 13 per cent to hit a new high of Rs 349 on the BSE in intra-day trade after the company entered into a strategic partnership with the National Stock Exchange of India and Oil and Natural Gas Corporation (ONGC) to build gas markets. The stock, which surpassed its previous high of Rs 322.85, touched on February 11, 2021, ended 6.5 per cent higher at Rs 328 on the BSE. Lastly, shares of India Glycols slipped 9 per cent to Rs 529; down 13 per cent from day’s high, on the BSE in the intra-day trade after its board approved the transfer of the company's BioEO (speciality chemicals) business to IGL Green Chemicals Private Limited (IGCPL), a wholly owned subsidiary. BioEO accounted for 13 per cent of the total revenue and 26 per cent of the total net-worth of India Glycols, as on March 31, 2020. The stock ended around 8.7 per cent lower at Rs 528 per share. Sectorally, all the NSE indices were painted red with the Nifty Auto and PSU Bank indices down around 2 per cent each. The Nifty Bank, Financial Services, FMCG, Metal, and Private Bank indices, on the other hand, slipped nearly 1 per cent.   Here are the other top developments of the day: >> The Rs 760-crore IPO of Anupam Rasayan has been fully subscribed till 4:00 PM on the first day of the issue. >>  In another development, BNP Paribas Cardi

Business Standard Podcast
Market Wrap, March 10: Here's all that happened in the markets today

Business Standard Podcast

Play Episode Listen Later Mar 10, 2021 5:34


Bulls were in command of the equity markets for the third day in a row as exuberance returned to the Street amid marginal ease in bond yields and cheap valuations. The US Treasury yield was last quoted at 1.55 per cent while domestic 10-year government bond yield was at 6.2 per cent. Amid a fall in volatility, the benchmark S&P BSE Sensex advanced 254 points, or 0.5 per cent, to end at 51,279.5 levels. On the NSE, the Nifty50 index ended at 15,175 levels, up 76 points or 0.51 per cent. The Sensex and the Nifty hit their respective intra-day highs of 51,430 and 15,218. Despite three straight days of gains, the Nifty 50 Index has failed to cross the resistance level of 15250. Given this, Ashish Biswas of CapitalVia suggests investors to wait for a decisive breakout above 15,250. JSW Steel, Tata Steel, Hindalco, Bajaj Finance, Tata Motors, Sun Pharma, and Tech Mahindra, all up between 2 per cent and 3 per cent, were the top gainers on the Nifty, while Axis Bank, HCL Tech, Bajaj Auto, Infosys, and Dr Reddy's Labs were the additional top performing stocks on the Sensex. On the downside, SBI Life, ONGC, Indian Oil Corporation, HDFC Life, UPL, GAIL, Coal India, ITC, Reliance Industries, and HDFC Bank were the top laggards on the indices, down up to 2.5 per cent. Furthermore, the S&P BSE MidCap index ended 0.7 per cent higher today, while the S&P BSE SmallCap index settled 0.9 per cent higher. Hudco, L&T Infotech, IDBI Bank, MphasiS, Biocon, MTNL, ITDC, Meghmani Organics, and Morepen Labs, that surged in the range of 3 per cent to 20 per cent, were some of the outperforming stocks in the broadr markets. Among sectoral indices, the Nifty Metal index remained the star performer today, closing 1.87 per cent higher, followed closely by the Nifty IT index (up 1.67 per cent), and the Nifty Pharma index (up 1.48 per cent). On the downside, the Nifty PSU Bank index ended 0.15 per cent lower.   Global markets Asian stocks bounced back from a two-month low on Wednesday. Japan’s Nikkei was little changed while MSCI's ex-Japan Asia-Pacific shares index rose 0.2 per cent. The CSI300 index of mainland China's A-shares rose 0.4 per cent. In Europe, the pan-European STOXX 600 index edged 0.2 per cent higher. The Dow Jones Futures were last up around 100 points. Now, let's look at some of the most active stocks of the day: >> Shares of Quick Heal Technologies soared 18 per cent to hit an intra-day high of Rs 216 after the firm's Board approved to buyback equity shares worth Rs 155 crore at Rs 245 per share. The buyback is for around 10 per cent equity of the firm with the price per share quoting an over 30 per cent premium to the current levels. The stock settled 11.5 per cent higher at Rs 204 on the BSE. >> That apart, shares of KPIT Technologies, L&T Technology Services, and Mindtree hit their respective record highs on the BSE in intra-day trade today. Besides, Coforge surged nearly 7 per cent, while Larsen & Toubro Infotech gained 4 per cent. Zensar Technologies, LTTS, Wipro, Mindtree and Mphasis advanced in the range of 2 per cent to 3 per cent, while Infosys, HCL Technologies and Tech Mahindra were up between 1 per cent and 2 per cent in the intra-day deals. >> Shares of Graphite India and HEG, meanwhile, surged up to 10 per cent on the BSE today on expectation that a pick-up in steel production globally could drive demand for Graphite Electrodes. Shares of Graphite India hit a fresh 52-week high of Rs 517.40, rallying 10 per cent on the BSE while HEG's stock soared 9 per cent to Rs 1,635, trading close to its 52-week high of Rs 1,645.80, touched on March 3. >> Auto stocks too remained buoyant today, with the Nifty Auto index closing 0.9 per cent up after data provided by industry body SIAM said passenger vehicle sales in India increased 17.92 per cent to over 2.81 lakh units in February as compared with the same month last year. Two-wheeler dispatches to dealers also rose 10.2 per cent

Business Standard Podcast
Market Ahead, January 25: Top factors that could guide markets this week

Business Standard Podcast

Play Episode Listen Later Jan 25, 2021 4:49


Domestic markets took a breather last week and ended marginally lower amid volatility. The historic week for BSE Sensex wherein it scaled 50,000 did not end well as it shed 156 points in the five days ended Friday. Its NSE counterpart Nifty, meanwhile, lost 62 points. Going into the holiday-shortened week, markets may continue to remain volatile amid monthly derivatives expiry, quarterly earnings and the upcoming Union Budget. Dalal Street would remain closed for trading on Tuesday for the Republic Day holiday. When the markets will open today, they'd react to the December quarter results announced by index heavyweight Reliance Industries which saw its profit jump 12.5 per cent YoY to Rs 13,101 crore during the said quarter. Besides that, some 375 companies are set to announce their December quarter numbers this week, such as Kotak Mahindra Bank, Larsen & Toubro, Axis Bank, HUL, Maruti Suzuki, Dr Reddy's Labs, IndusInd Bank, IOC, Sun Pharma, Tata Motors, Tech Mahindra, Vedanta and ICICI Bank to name a few. Meanwhile, on the global front, the Fed monetary policy outcome is due this week. Investors are hoping Fed Chair Jerome Powell will provide reassurance after Wednesday’s policy meeting that $120 billion of monthly bond purchases won’t be tapered any time soon. On the macroeconomic front, investors would also eye the US jobless claims and GDP data, slated to be out on January 28. That apart, investors will closely track the spread of Covid infections and the deployment of the vaccine. China also started reporting new strain of Covid-19 cases and as a result, imposed partial lockdown in Beijing last week. Meanwhile, the US and several European countries continued to struggle with the Covid-19 crisis. However, in India, the situation is relatively stable with vaccine drive going smoothly and recovery rate at 96.81 per cent. Moreover, global cues and movement in crude oil prices, rupee and FII inflows would also influence market sentiment. Lastly, apart from mainboard indices, action in the primary market would also remain high. Home First Finance IPO that has been subscribed 2.2 times so far will remain open for one more day today. Besides, Stove Kraft's Rs 413-crore share sale will open for subscription today. The price band for the offer has been fixed at Rs 384-385 per share. And now, let's take a look at the trade setup for today Asian shares were on the defensive on Monday as rising Covid-19 cases and doubts over the ability of vaccine makers to supply the promised doses on time soured risk appetite. MSCI’s broadest index of Asia-Pacific shares outside Japan was unchanged, Japan’s Nikkei was down 0.1% and Australian shares were up 0.2%. However, Indian indices looked set for a gap-up start, contrary to the global mood. Nifty futures of Singapore Exchange were up 107 points at 7.40 am. On the stock-specific front, Larsen & Toubro, Kotak Mahindra Bank, Aarti Drugs, APL Apollo Tubes, Astec Lifesciences, Can Fin Homes, Chennai Petroleum Corporation and ICICI Securities are among 41 firms slated to announce their December quarter numbers today. Larsen and Toubro is expected to report a strong sequential rebound in performance on the back of a healthy order inflow across verticals.  Grasim Industries said it will enter paints business and invest Rs 5,000 crore over the next three years. The plan to revive the state-owned telecom companies BSNL and MTNL by merging the two entities is set to be shelved after almost two decades of deliberations on the matter, according to a Business Standard report. UltraTech Cement reported a consolidated profit of Rs 1,584 crore in Q3FY21, up 122 per cent year-on-year. Yes Bank reported a profit of Rs 150.7 crore in Q3FY21 against a loss of Rs 18,560 crore in Q3FY20. Net interest income jumped to Rs 2,560.4 crore from Rs 1,064.7 crore YoY.

Din Bhar
370 वापस लाने के लिए कश्मीरी पार्टियां क्या करने वाली हैं: दिन भर, 15 अक्टूबर

Din Bhar

Play Episode Listen Later Oct 15, 2020 30:12


भारतीय सेना प्रमुख के आगामी नेपाल दौरे का दोनों देशों के रिश्तों पर कैसा असर होगा? जम्मू-कश्मीर में अनुच्छेद 370 को बहाल करने के लिए सभी स्थानीय दलों की मीटिंग में क्या हुआ और क्या केंद्र पर इसका कोई असर होगा? सरकारी विभागों में सिर्फ बीएसएनएल और MTNL के फोन ही क्यों बजेंगे? और बात बिहार चुनाव के लिए राजनीतिक दलों के कैंपेन सॉन्ग्स की, सुनिए आज के 'दिन भर' में अमन गुप्ता से.

mtnl
Business Standard Podcast
Market Ahead, July 10: All you need to know before the opening bell

Business Standard Podcast

Play Episode Listen Later Jul 10, 2020 4:36


The June quarter results of TCS will be a major focus for the Indian markets today which is also likely to decide how the rest of the IT space trades throughout the session. The IT services major's Q1 performance largely disappointed the street as net profit declined 13.81 per cent year-on-year to Rs 7,008 crore for this period while sequentially it went down by 12.9 per cent. The decline in revenues was larger than estimates in constant currency terms. Besides that, investors can expect global cues, macro data, and some more stock-specific developments to be the other key triggers for the markets today. On Wall Street, the Dow Jones fell 1.4 per cent, and the S&P 500 dropped 0.56 per cent overnight as record-breaking new Covid-19 cases in several US tampered investor sentiment. Despite this, technology stocks rose, lifting the Nasdaq up 0.5 per cent for its fifth record closing high in six days. Asian shares also opened lower on Friday. Australian ASX 200 was last down 0.4 per cent and Japan's Nikkei edged down 0.5 per cent. Meanwhile Hong Kong's Hang Seng index was up 0.3 per cent. In line with these trends, the SGX Nifty also dipped 60-odd points and was trading around 10,770 levels at 7:20 AM. On the Covid-19 front, India's total number of Covid-19 cases has now jumped to 7.94 lakh after the addition of another 25,000 plus cases on Thursday. The death toll stands at 21,623. Meanwhile,companies will continue to roll out quarterly numbers. Today, a total of 44 companies, including IRCTC, Lakshmi Vilas Bank, SAIL are scheduled to announce their quarterly numbers. Investors will also await the IIP data, although it is scheduled to be announced post market hours today. And, now, a quick look at some other top developments. Vodafone Idea has defaulted on rental and energy payments for June to telecom tower companies, citing the payment of AGR to the government and the resultant cash flow problems for the default. BP and Reliance Industries on Thursday announced the commencement of their new fuel retailing and mobility joint venture, named Reliance BP Mobility. The JV will now begin rebranding RIL fuel retail outlets to Jio-BP. Almost 10 months after Rs 15,000-crore sovereign guarantee was announced as part of their revival package, BSNL and MTNL have got an approval for the same from the DEA in the finance ministry although with a set of stiff riders. Sources have told Business Standard that the Union government is considering a plan to raise as much as Rs 20,000 crore by selling stake in the coal India, and IDBI Bank to fund a stimulus programme aimed at boosting the virus-battered economy. Punjab National Bank yesterday said its board has approved a proposal to raise Rs 10,000 crore through a mix of both equity and debt. Besides, the board has cleared opening balance sheet of the amalgamated bank as on April 1, which is post amalgamation of Oriental Bank of Commerce and United Bank of India into PNB. Read by Kanishka Gupta

Business India
Telecom gear makers hoping for govt to clear dues pending with BSNL, MTNL

Business India

Play Episode Listen Later May 17, 2020 3:08


Telecom gear makers hoping for govt to clear dues pending with BSNL, MTNL

Business Standard Podcast
BSNL, MTNL user: Here's why your services might be suffering

Business Standard Podcast

Play Episode Listen Later Feb 24, 2020 4:58


Imagine how difficult it would be for a company to survive after a huge chunk of its staff decides to leave. Well, in the case of Bharat Sanchar Nigam Limited and Mahanagar Telephone Nigam Limited — the state-run telecom behemoths — the percentage is around 55 and 75 after the introduction of Voluntary Retirement Scheme (VRS).   So, 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!   Here's how things went wrong with BSNL and MTNL after the introduction of voluntary retirement scheme.   The voluntary retirement scheme was introduced to help companies get rid of the surplus staff. This came into action to help companies facing debt crisis or slowdown since the labour laws do not permit direct retrenchment of unionized employees. But, VRS applies to only those employees who have been working for 10 years or more and are above the age of 40 years, which may vary from company to company.   So, if VRS was introduced to lay down the burden of surplus employees from the companies, how is it affecting their service now?   “Officials say the recent voluntary retirement scheme (VRS) has reduced the workforce and that is hampering the service quality,” points out Vinod Desai, an Ahmedabad-based retired bank official, who’s planning to shift to a private service provider from BSNL for a landline connection.   Geo Verghese, a businessman from the same city, has found the internet speed of the BSNL broadband connection “unsatisfactory”.   Well, if BSNL is a pan-Indian story of increasingly indifferent service, Mahanagar Telephone Nigam (MTNL), the other state-owned telco that operates only in Delhi and Mumbai, is no better.   As mentioned before, around 75 per cent of the MTNL staff took the VRS offer and left recently. And, it doesn’t help when a customer lands up at the almost-deserted MTNL offices, whether in Mumbai or Delhi.   The situation is quite contrasting in BSNL headquarters at downtown Janpath in New Delhi.   PK Purwar, chairman & managing director, BSNL, said on Saturday that the existing employees have responded well to the challenges. The numbers are big: BSNL and MTNL have shed 92,869 at one go through the VRS. While BSNL let go of 78,569, MTNL’s offer was taken by 14,300.   Of the total number of BSNL employees who took VRS, a majority — 55,000 — made up for non-executive staff. In the case of MTNL too, the non-executive category formed the chunk in taking VRS.   In case you don’t know, together they have around 123 million subscribers (mobile and landline) in the country out of a total telecom user base of over 1.2 billion. In landline, these two hold over 60 per cent of the market share.   Admitting that BSNL was overstaffed, a senior BSNL executive said the overall impact of the VRS on the company’s operations was minimal. In fact, both MTNL and BSNL executives claimed it was business as usual.   However, the state-level executives sounded more realistic.   In BSNL’s Gujarat circle, for instance, tenders are being floated across the circle units for roping in outsource partners following guidelines from the corporate office recently. Of the roughly 10,000 workforce in the state, around 6,468 opted for VRS, leaving the circle with staff strength of just 3,532.   Similarly, at BSNL offices in Hyderabad, officers managing the post-VRS situation have redeployed staff from back-end administrative work at customer service centres.   In Chennai, where almost 33 exchanges out of the total of over 200 in the city and its suburbs barely had... To know more, listen to this podcast.

Business Standard Podcast
PSBs report Rs 95,700-crore frauds: Are banking frauds on the rise?

Business Standard Podcast

Play Episode Listen Later Nov 20, 2019 6:07


Public sector banks reported frauds of over Rs 95,700 crore in the first six months of the current financial year, Parliament was informed on Tuesday.  Finance Minister Nirmala Sitharaman said that according to the Reserve Bank of India, PSBs reported 5,743 incidents of fraud involving a total amount of Rs 95,760.49 crore from April 1 to September 30 (based on the date of reporting). Nirmala Sitharaman told the upper house of parliament that among these 5,743 cases, most of them had taken place over the last several years, although 1,000 cases worth Rs 2,500 crores had just taken place. State Bank of India reported fraud of ₹25,400 crore followed by Punjab National Bank of ₹10,800 crore and Bank of Baroda of ₹8,300 crore, she said. In a written reply to another question, Minister of State for Finance Anurag Thakur told the Rajya Sabha that government-owned banks reported 26.1 per cent of all frauds worth over Rs 1 lakh brought to notice during 2018-19, while their lending share was 63.81 per cent in the aggregate gross advances of scheduled commercial banks. For the record, Rs 71,500 crore worth of frauds involving 6,801 cases were detected in financial year 2019. This is little more than what the govt wants to spend on merger of BSNL and MTNL as well as the recapitalisation package for PSBs. Listen to the podcast to know more

Business Standard Podcast
Podcast: Cabinet's Diwali bonanza for PSU telcos, fuel retailers, others

Business Standard Podcast

Play Episode Listen Later Oct 24, 2019 4:56


The Cabinet announced a major Diwali bonanza after market hours on Wednesday by approving a revival plan of BSNL and MTNL, easing fuel retail norms, regularising unauthorised colonies in Delhi and raising the minimum support price for rabi crops. It cleared the air on the fate of the two financially-stressed state-owned telecom companies, Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), by approved a package of nearly Rs 70,000 crore, and drawing up a timeline for their merger. As part of the relief package, Rs 37,500 crore worth of the telco’s real estate assets will be monetised to retire debt, upgrade networks and offer a voluntary retirement scheme (VRS) aimed at reducing the companies’ employee strength by half. Some analysts believe the decision might not meaningfully revive both companies, but it will create some competition for private players and help contain operational costs. In another important decision for fuel-marketing companies, the Cabinet paved the way for new players in the sector. It scrapped the rule that mandated a company to commit at least Rs 2,000-crore investment in the petroleum sector. So, now, newer players like Total, Adani, and Saudi Aramco and even some super markets can open outlets for selling automobile fuel. To know more, listen to this podcast...

3 Things
582: Assam's two child limit, US Congress on Kashmir and BSNL-MTNL merger

3 Things

Play Episode Listen Later Oct 23, 2019 21:45


On Tuesday, the Assam Cabinet decided that those with more than two children will not be eligible for government jobs from January 2021. In the first segment, Abhishek Saha, Indian Express's North-East correspondent, talks about this decision, the restrictions that come with it and the population policy that preceded the move. Next, Shubhajit Roy, who reports on matters of foreign affairs, talks about the highlights of the US Congressional hearing on Kashmir and whether it will have an impact on India-US relations. And last, why the Union Cabinet approved the merger of the Mahanagar Telephone Nigam Limited (MTNL) with Bharat Sanchar Nigam Limited (BSNL).

Business Standard Podcast
The roadblocks in the Modi govt's grand PSU disinvestment initiative

Business Standard Podcast

Play Episode Listen Later Oct 14, 2019 3:28


For starters, the Bharatiya Mazdoor Sangh (BMS), the trade union affiliated to the Rashtriya Swayamsevak Sangh (RSS), has strongly opposed the Centre's plans to privatise public-sector undertakings (PSUs). The BMS has, in fact, gone so far as to invite employee unions of all PSUs on 15th of November to discuss the future course of action against privatisation.  But resistance to divestment is just the tip of the iceberg. The larger issue before the government is the slow pace at which its privatisation drive is progressing. Consider this: Six months into the current financial year, the Modi administration has been able to garner only Rs 12,357 crore, or 12 per cent, of its disinvestment target of over Rs one trillion.  While the government's stake sale in Bharat Petroleum Corporation (BPCL) could clear the decks for ONGC to bring in a strategic private or foreign partner in its subsidiary Hindustan Petroleum, the Centre's method of dealing with the public sector universe is lopsided, and could impact the financial health of enterprises operating in this space. Consider this: A staggering 94 per cent of the over Rs six trillion infused into PSUs under the Modi government's first tenure was gobbled up by just four of the 250-odd state-run enterprises in the country. To make matters worse, the financial woes of BSNL, MTNL and FCI present another layer of the Modi government’s engagement with public sector organisations, which is both problematic and potentially harmful for its fiscal health. The government appears to be having second thoughts on a proposal from the department of telecommunications to bail out Bharat Sanchar Nigam Limited (BSNL) and Mahanagar Telephone Nigam Limited (MTNL), probably because the revival package cost is massive, estimated at over Rs 74,000 crore. Such a review is understandable. The suggestion that the two enterprises be closed down after offering a compensation package to their employees through a voluntary retirement scheme (VRS) is worth a closer look. And the cost of closing down would be cheaper as several employees are actually not direct recruits in the two organisations. According to one report, just about 10 per cent of the employees are direct recruits, mainly technicians and the cost of offering a VRS to them would not be huge. The remaining employees either belong to the Indian Telecom Services (ITS) or have been deputed from other public sector enterprises. Both firms have long been a drain on the public exchequer and on the state’s borrowing capacities, saddled as they are with insurmountable losses and huge manpower. There is little reason to imagine retaining the two firms in their current state. The emphasis must now be on how their assets can be sold so as to ensure higher productivity, and how their manpower can be absorbed elsewhere where necessary and let go otherwise.

Daily Dose
Ep 108: #Chandrayaan2, MTNL Fire, Hong Kong protests and more

Daily Dose

Play Episode Listen Later Jul 22, 2019 10:11


In this episode of Daily Dose, Snigdha Sharma brings you the latest stories from Andhra Pradesh, Maharashtra, West Bengal, Madhya Pradesh and Hong Kong. See acast.com/privacy for privacy and opt-out information.

Daily Dose
Ep 108: #Chandrayaan2, MTNL Fire, Hong Kong protests and more

Daily Dose

Play Episode Listen Later Jul 22, 2019 10:11


In this episode of Daily Dose, Snigdha Sharma brings you the latest stories from Andhra Pradesh, Maharashtra, West Bengal, Madhya Pradesh and Hong Kong. See acast.com/privacy for privacy and opt-out information.

Audiogyan
48: Thoughts on Design with Sudhakar Nadkarni

Audiogyan

Play Episode Listen Later Nov 20, 2018 36:03


Today I have one of the senior most person of the design world in India. Professor Sudhakar Nadkarni. Prof. Nadkarni studied Industrial Design at the School of Design (Hochschule für Gestaltung), Ulm, Germany (1962-1966). When he returned to India he started the first post-graduate design program way back in 1969, today what is known as the Industrial Design Centre (IDC) at Indian Institute of Technology Bombay. He was instrumental in also starting the department of Design at IIT Guwahati in 1997 and the design Management programme at the Welingkar Institute of Management at Mumbai. Before we begin our conversation, I would urge all listeners to go and read “The Design Journey of Professor Sudhakar Nadkarni” by Prof. Mandar Rane. It’s on Amazon or you can find few copies in IDC Mumbai definitely.  1. What does design mean to you? 2. How important is design education both formally and informally? 3. What do you mean when you say grammar of design is the same across the world? 4. Can you share any particular work which is considered to be milestone in your career and you had a great learning? For eg. while working with Compton Greaves, L&T, MTNL, Signage systems, Indian Oil, Tata Technologies or may be while setting up these big Design institutes. 5. What are your thoughts on future of design? Where is design heading and how can an aspiring designer spot the trajectory to contribute his or her design skills in improving lives of people through design?

The STRU Podcast
An introduction to NNN (Triple Net) investing and current market opportunities | STRU Podcast 012

The STRU Podcast

Play Episode Listen Later Jul 21, 2018 73:53


The STRU PodcastWe were fortunate to have Joel Owens of All World Reality join us to talk about NNN asset types (NNN,NN,Ground lease), where we are in the cycle nationally for cap rates, How active versus passive retail can be depending on which option you choose, How financing typically works for STNL versus MTNL type properties.

Cyrus Says
Ep. 21 feat. Ballroom Dancer Aniruddha Pathak

Cyrus Says

Play Episode Listen Later Jun 30, 2015 70:28


On this episode of Cyrus Says Cyrus & Aniruddha talk about ballroom dancing Discussion of Mumbai rain & its effects First Indian player, Satnam Singh, drafted in the NBA Issues with MTNL ads / net neutrality Chhavi's dad drops in Cyrus answers listeners' questions Our guest is Aniruddha Pathak (@DanceEatRepeat on twitter)

Bizination - Dhando, Takko, Rokdo
BiziNation #55: Petrol Prices in Fifth Gear

Bizination - Dhando, Takko, Rokdo

Play Episode Listen Later May 15, 2011 21:23


Normal is boring. That is the tenet that India seems to be working on in the wake of the biggest petrol price hike of all time. A record 32 per cent year on year and 8 per cent overnight increase has caused some discontent among the middle class. Akhilesh joins us in this episode and we talk about the hike and more. A Rs. 3000 crore subsidy package is being made ready for BSNL and MTNL with the hope of pulling them back into profits. Royal Enfield, the bike company which has a cult following in India has new plans for India. With a waiting period of more than a year, what do you expect.

Bizination - Dhando, Takko, Rokdo
BiziNation #55: Petrol Prices in Fifth Gear

Bizination - Dhando, Takko, Rokdo

Play Episode Listen Later May 15, 2011 21:23


Normal is boring. That is the tenet that India seems to be working on in the wake of the biggest petrol price hike of all time. A record 32 per cent year on year and 8 per cent overnight increase has caused some discontent among the middle class. Akhilesh joins us in this episode and we talk about the hike and more. A Rs. 3000 crore subsidy package is being made ready for BSNL and MTNL with the hope of pulling them back into profits. Royal Enfield, the bike company which has a cult following in India has new plans for India. With a waiting period of more than a year, what do you expect.

Tech Ka Masala
TKM #24: Chrome Plated IE

Tech Ka Masala

Play Episode Listen Later Oct 4, 2009 28:15


The 3G adoption in India isnt going anywhere with only MTNL and BSNL in the market but that isnt stopping MTNL tying up with Dell to put out a 3G Netbook. After launching a subscription MP3 services, Hungama has announced a Rs.10 per download service on their website. In other news, we talk about Google SideWiki, Google Chrome Frame, Microsoft suing malvertisers, and a few updates from previous episodes.

Tech Ka Masala
TKM #24: Chrome Plated IE

Tech Ka Masala

Play Episode Listen Later Oct 4, 2009 28:15


The 3G adoption in India isnt going anywhere with only MTNL and BSNL in the market but that isnt stopping MTNL tying up with Dell to put out a 3G Netbook. After launching a subscription MP3 services, Hungama has announced a Rs.10 per download service on their website. In other news, we talk about Google SideWiki, Google Chrome Frame, Microsoft suing malvertisers, and a few updates from previous episodes.