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Govt releases Rs 171 cr pending dues to MTNL for paying salaries to employees

Both BSNL and MTNL have been ailing due to decisions taken by the government in the past including transfer of large number of DoT employees to these PSUs and allocation of expensive spectrum for mobile services without giving them any choice.

Reliance Communications has approached the tribunal seeking the release of income tax refunds to clear dues of Ericsson. Lenders of RCom have opposed the plea.
The company has also approved reappointment of independent directors D J Balaji Rao, Nanoo Pamnani and Gita Piramal for a second term of five years.
Cairn reported a net loss of USD 1.1 billion in the year ending December 31, 2018, resulting principally from a write-down of the company's investments in India.
Apart from the home markets of India and China, OYO is also focusing on South East Asia and Middle East as key markets for the company.