Best printers for Home

Best Mixer Grinder

Best wired Earphones

Best 43 Inch TV in India

Best Wi Fi Routers

Best Home Theatre in India

Smart Watch under 5000

Best Laptops for Education

Best Laptop for Students

<ul><li>A huge decision by the Narendra Modi government to merge two ailing state-owned telecom operators.</li><li>MTNL will be merged with BSNL. It will take time and in the mean time, MTNL will act as a subsidiary of BSNL. </li><li>BSNL will raise ₹15,000 crore via sovereign-backed bonds as part of the revival plan.</li><li>Employees will be offered a voluntary retirement plan-- 125% of their salary for the remaining years until retirement.</li></ul>A huge decision by the Narendra Modi government to merge two ailing state-owned telecom operators. MTNL will be merged with BSNL. The process will take time and in the mean time, MTNL will act as a subsidiary of BSNL. BSNL will raise ₹15,000 crore via sovereign-backed bonds as part of the revival plan. This is likely to cause some anxiety among the over 2 lakh staff at the two companies. Employees will be offered a voluntary retirement plan-- 125% of their salary for the remaining years until retirement. "Neither BSNL and MTNL will be closed or sold or disinvested. We want to make it more competitive," Union Minister <keyword id="6354886" type="PERSON" weightage="20" keywordseo="Ravi-Shankar-Prasad">Ravi Shankar Prasad</keyword> said at a press conference today (October 23). "Other telcos spend 5% on human resources, BSNL and MTNL were spending 70% of their revenue on the same," Prasad said underscoring the importance of shedding manpower at the two companies. For example, if a 53-year old employee opts of voluntary retirement, he/she will get 125% of the salary for the next seven years until retirement. This won't be forced, it will be 'voluntary' retirement, Prasad explained. In addition, soveriegn bonds worth ₹15,000 crore will be raised and serviced by BSNL to get the resources needed to compete in a tough telecom market led by Mukesh Ambani-owned Reliance Jio, Sunil Mittal-led Airtel, and the Birla Group led Vodafone Idea. The government also plans to make BSNL sell its 4G spectrum for additional money. BSNL is saddled with a debt of ₹13,000 crore, and accumulated losses estimated at ₹14,000 crore. "These are strategic assets of India. You know that BSNL plays an important role when there are natural disasters in Nepal, Kashmir and other parts of India," Prasad said explaining why the Indian government wouldn't like to sell the two companies. SEE ALSO: <a href="https://www.businessinsider.in/unpaid-bsnl-employees-react-to-the-current-crisis/articleshow/71063961.cms" data-type="tilCustomLink" target="_blank">An unpaid BSNL employee believes the company will survive the current turmoil</a>

India decides to merge MTNL and BSNL and offer voluntary retirement to many of its employees

<h4 style="line-height:1.38;margin-top:0pt;margin-bottom:0pt;"> </h4><ul><li>BSNL will give satellite phones to media persons at ₹1 lakh a piece to file stories from the Valley. </li><li>These satellite phones are capable of providing location-based services like tracking facility, GPS location, emergency alert among others. </li><li>The government has already cut off mobile internet services and is planning to snap away call services soon. </li></ul>The situation in Kashmir -- that lies near the India-Pakistan border -- is becoming tense by every hour. Top political leaders, <keyword id="19464" type="PERSON" weightage="20" keywordseo="Omar-Abdullah">Omar Abdullah</keyword> and <keyword id="6375812" type="PERSON" weightage="20" keywordseo="mehbooba-mufti">Mehbooba Mufti</keyword>,<a href="https://www.businessinsider.in/section-144-in-kashmir-latest-news-developments/articleshow/70529285.cms"> are under house arrest.</a> The government has already cut off mobile internet services and is planning to snap away call services soon. However, the complete communications blackout would be a severe handicap for a contingent of on-ground reporters in Kashmir. State-owned telecom service provider BSNL has come to the rescue. BSNL will give satellite phones to media persons at ₹1 lakh a piece to file stories from the Valley. These satellite phones<a href="https://www.thehindu.com/news/cities/Madurai/bsnl-launches-satellite-phone-services/article24955514.ece"> are capable of providing location-based </a>services like tracking facility, GPS location, emergency alert among others. The Authorities decided to suspend the mobile internet facility on late Sunday night to avoid any rumors. 
 <div type="Article" hostid="261" msid="70502051" title="Fake news is adding to the anxiety around tensions on the India-Pakistan border" mstype="2" mssubtype="0"></div>



 Separately, government officials placed at top positions<a href="https://www.thequint.com/voices/opinion/jammu-and-kashmir-unrest-panic-ensues-post-advisory-on-terror-threats"> also possess</a> 350 cellphones and 2,000 satellite phones to keep the government posted about the status of the tensed situation in Kashmir, reported The Quint citing sources. The development came in after the government imposed <keyword id="6382007" type="UNKNOWN" weightage="20" keywordseo="Section-144">section 144</keyword> in Kashmir. According to the order, there shall be no movement of public and all educational institutions shall also remain closed. People<a href="https://www.businessinsider.in/all-the-restrictions-imposed-on-the-kashmir-valley-starting-monday/articleshow/70529211.cms"> cannot hold any kind of public meetings </a>or rallies during the period of operation of this order. On Friday (August 2) evening, the Indian government asked <a href="https://www.businessinsider.in/the-india-pakistan-border-in-kashmir-is-simmering-again-thousands-of-amarnath-pilgrims-have-been-sent-back/articleshow/70500904.cms">thousands of Amarnath Yatra pilgrims</a> to leave Kashmir immediately citing a terror threat. Since then, the state has been in confusion and chaos. Making matters worse is a series of speculation by both <a href="https://twitter.com/SankarshanT/status/1157987037938511872">news outfits as well as on social media </a>that has led to people fearing the worst and hoarding food and necessities. The radio silence from New Delhi, while building up troops in the valley, in the face of rampant speculation has added to the unease, particularly in the Kashmir valley. The Cabinet Committee on Security meeting on Monday (August 5) morning will be watched closely. SEE ALSO: <a href="https://www.businessinsider.in/section-144-in-kashmir-latest-news-developments/articleshow/70529285.cms">All that's happened in Kashmir over the last 72 hours – from movement of troops to suspension of internet to political leaders under house arrest</a>

Reporters in Kashmir get a satellite phone for ₹100,000 a piece as all other communication devices are shut down

<ul><li>The 30-share BSE index Sensex was down 37.38 points, and the NSE Nifty was trading 0.10% lower at 10:10 am. </li><li>Here’s a list of the top losers and gainers in the Nifty pack. </li><li>These are the top stocks that are buzzing in trade today.</li><li><a href="https://www.businessinsider.in/">Check out the latest news and updates on Business Insider.</a> </li></ul>Choppy trade on Dalal Street this Thursday morning. Indian stock market indices Sensex and Nifty are tracking weak cues from the global markets. The 30-share BSE index Sensex was down 37.38 points, and the NSE Nifty was trading 0.10% lower at 10:10 am. Here’s a list of the top losers and gainers in the Nifty pack. <table style="border-width: initial; border-style: none;"></colgroup><tbody><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Gainers </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Top Nifty Losers </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HDFC </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tech Mahindra </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">UPL </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Wipro </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Tata Steel </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">HCL Tech </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Eicher Motors </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">TCS </td></tr><tr><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Coal India </td><td style="border-left:solid #000000 0.9907650000000001pt;border-right:solid #000000 0.9907650000000001pt;border-bottom:solid #000000 0.9907650000000001pt;border-top:solid #000000 0.9907650000000001pt;vertical-align:bottom;padding:5pt 5pt 5pt 5pt;overflow:hidden;overflow-wrap:break-word;">Hindalco </td></tr></tbody></table>*as of October 15, 10:00 am These are the top stocks in news today. MTNL shares up 7% The shares of state-owned Mahanagar Telephone Nigam Limited (MTNL) were up 7% after the central government mandated all ministries, public departments and public sector units to use telecom services of state-run BSNL and MTNL. PVR and INOX Leisure shares up 1% The shares of cinema giants PVR and INOX Leisure were up nearly 1% after Delhi, Haryana, and Uttar Pradesh decided to reopen cinema halls as per the MHA Unlock guidelines. Tata Elxsi gains 5% The Tata Elxsi shares gained over 5% — touching a new 52 week high, after the company reported a profit of ₹78.9 crore for the second quarter compared to ₹49.8 crore during the same period last year. The revenue rose to ₹430.2 crore from ₹385.8 crore in the year-ago period. Ashok Leyland leaps 5% in a volatile market The shares of automaker Ashok Leyland were up 5% after brokerages upgraded their rating to ‘Buy’. Axis Securities has pegged a target price of ₹90. Last week Edelweiss rated it ‘Buy’ with a target price of ₹83. Infosys up 4% in opening trade The shares of Indian IT giant Infosys opened 4% higher after the company reported a stellar quarter led by record deal wins, and it has also raised the <a href="https://www.businessinsider.in/business/corporates/news/infosys-second-quarter-earnings-deliver-on-all-fronts-led-by-highest-ever-deal-wins-worth-3-15-billion-raises-guidance-to-2-to-3/articleshow/78659827.cms">FY21 guidance</a>. The company also gave<a href="https://www.businessinsider.in/careers/news/infosys-to-reinstate-wage-hikes-promotions-and-hiring-will-impact-margins-over-the-next-six-months/articleshow/78660576.cms"> its employees 100% variable pay</a> over the last three months and restarted the promotion process for junior-level employees. Future Retail up over 2% The shares of Kishore Biyani-led Future Retail were up 2% after<a href="https://www.timesnownews.com/business-economy/companies/article/amazon-can-not-challenge-future-group-deal-with-reliance-as-it-does-not-involve-future-coupons/667096"> media reports</a> citing industry sources claimed that Amazon could not challenge Future Group to deal with Reliance as it does not involve Future Coupons. SEE ALSO:<a href="https://www.businessinsider.in/stock-market/news/infosys-share-price-hits-fresh-52-week-high-after-highest-ever-deal-wins-of-over-3-billion/articleshow/78673575.cms" data-type="tilCustomLink"> Infosys share price hits fresh 52-week high after highest-ever deal wins of over $3 billion</a> <a href="https://www.businessinsider.in/stock-market/news/likhitha-infrastructure-lists-at-8-premium-over-the-issue-price/articleshow/78674174.cms" data-type="tilCustomLink">Likhitha Infrastructure lists at 8% premium over the issue price</a> <a href="https://www.businessinsider.in/stock-market/economy/news/world-bank-president-says-covid-19-pandemic-is-causing-the-one-of-the-deepest-recessions-since-great-depression/articleshow/78673669.cms" data-type="tilCustomLink">World Bank President says COVID-19 pandemic is causing the one of the deepest recessions since Great Depression</a>

Top stock movers — Future Retail, INOX, PVR, Tata Elxsi, MTNL, Ashok Leyland and others

You Searched For "BSNL Latest news" and got 3 results

India decides to merge MTNL and BSNL and offer voluntary retirement to many of its employees

Sriram Iyer

Reporters in Kashmir get a satellite phone for ₹100,000 a piece as all other communication devices are shut down

Preeti Soni

Top stock movers — Future Retail, INOX, PVR, Tata Elxsi, MTNL, Ashok Leyland and others

Navdeep Yadav

Popular Keywords

Buying Guides