Asset sale process for BSNL, MTNL begins

Monetising real estate assets is part of the overall relief package that would be used to retire debts, upgrade networks, and offer VRS aimed at reducing the telcos’ employee strength by......

How BSNL plans to save Rs 7,500 crore

'BSNL employee cost is Rs 14,500 crore and we anticipate that around 80,000 should opt for VRS.' Illustration: Dominic Xavier/Rediff.com In his first interview after the recent Cabinet nod to a Rs......

Over 60,000 BSNL, MTNL employees have opted for VRS so far

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......

India's best and worst performing PSUs

Oil explorer ONGC was the country's most profitable PSU in 2013-14, while telecom major BSNL was the worst performer, says the Economic Survey. The pre-budget survey for 2014-15 said the net profit......