Latest news with #DoT
The Print
3 hours ago
- Business
- The Print
MTNL defaults on bank loans worth Rs 8,585 crore
New Delhi, Jul 15 (PTI) State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025 comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan for DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing.
Time of India
17 hours ago
- Business
- Time of India
MTNL defaults on bank loans worth Rs 8,585 crore
Representative image NEW DELHI: State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025, comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan from DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing. The total loan default includes Rs 3,733 crore of debt raised from Union Bank of India, Rs 2,434 crore of Indian Overseas Bank, Rs 1,121 crore of Bank of India, Rs 474.7 crore Punjab National Bank, Rs 363.4 crore from State Bank of India, Rs 273.6 crore from UCO Bank and Rs 184.8 crore from Punjab & Sind Bank along with principal and interest payment. The defaults in loan payment have occurred between Aug 2024 to February 2025. Stay informed with the latest business news, updates on bank holidays and public holidays . AI Masterclass for Students. Upskill Young Ones Today!– Join Now
The Hindu
18 hours ago
- Business
- The Hindu
Draft procurement rules pit domestic telecom firms against foreign players that manufacture in India
Indian telecom equipment manufacturers are growing concerned about the sops being handed out to foreign telecom equipment manufacturers as global firms set up domestic assembly to deepen access to the country's growing telecom infrastructure. The dispute is playing out in meetings with the Department of Telecommunications, which is being asked to weigh two priorities: to increase domestic manufacturing by global firms like Ericsson, and to promote the growth of indigenous firms that eventually hope to compete with these companies. One sticking point has been foreign telecom gear makers like Ericsson's potential qualification as Class 2 suppliers under the 2017 Make in India procurement order, which guides government organisations to accept bids from manufacturers whose products are, to varying degrees, assembled and manufactured in India. The foreign firms are also seeking duty exemptions and relaxation for components that are either not made in India or made in a very small quantity. Since the majority of such components come in from China, domestic players have spied an opportunity to press their case in meetings in June with the DoT. The telecom department has issued de facto curbs against Chinese equipment across much of Indian telecom operators' infrastructure in the past. A key development has been draft changes underway at the DoT to 'local content rules for the telecom sector' under the 2017 public procurement rules that encourage domestic manufacturers, Ajay Srivastava, a former senior trade official and the founder of the Delhi-based Global Trade Research Initiative said in a June memo. 'Multiple reports [from NITI Aayog and a clutch of industry associations] indicate that India's limited component ecosystem poses challenges in achieving 50–60% local content in electronic/telecom products,' the DoT said in its June 3 notice, inviting firms to comment on the proposed changes. 'Recognising this constraint, the conditions for local content qualification also requires a review.' 'Multinational corporations (MNCs) like Cisco and Ericsson are lobbying India's DoT to ease local content requirements, as they struggle to qualify as Class-I local suppliers for government telecom tenders,' Mr. Srivastava said. 'The underlying issue is that most of the work performed in India is done on an outsourcing basis for their foreign parent companies. The parent companies retain ownership of intellectual property (IP) and earn the bulk of profits. For instance, Cisco's India operations follow a low-cost-plus model, earning a profit margin of only 5–10%, while the global Cisco business enjoys margins of around 65%. In practice, design and R&D work done in India is treated as work-for-hire, with profits and IP rights controlled by the foreign headquarters.' One senior industry executive told The Hindu that a possible solution could be 'differentiated credit systems where higher weight is given to Indian-owned IP and designs, domestic fabrication of critical components, and in-country software with IP assignment to Indian entities.' The executive asked not to be named as discussions are ongoing with the DoT.
NDTV
a day ago
- Business
- NDTV
MTNL Defaults On Bank Loans Worth Nearly Rs 8,600 Crore
New Delhi: State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025 comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan for DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing. The total loan default includes Rs 3,733.22 crore of debt raised from Union Bank of India, Rs 2,434.13 crore of Indian Overseas Bank, Rs 1,121.09 crore of Bank of India, Rs 474.66 crore Punjab National Bank, Rs 363.43 crore from State Bank of India, Rs 273.58 crore from UCO Bank and Rs 184.82 crore from Punjab & Sind Bank along with principal and interest payment. The defaults in loan payment have occurred between August 2024 to February 2025. The state-run firm had reported a default of Rs 8,346.24 crore at the end of March 31, 2025 that occurred during the same period of August 2024 to February 2025.
Time of India
a day ago
- Entertainment
- Time of India
4 best characters for Why Does the Ocean Sing in Honkai Star Rail
(Image via miHoYo) Why Does the Ocean Sing is shaping up to be one of the most exciting Nihility Light Cones in Honkai Star Rail, rumored to be Hysilens' signature weapon. With a huge Effect Hit Rate boost and a game-changing debuff mechanic called Enthrallment, this Light Cone can amplify Damage-over-Time (DoT) builds like never before. So, who are the best characters to equip it with? Here's what the leaks suggest. 1. Hysilens – The Obvious Perfect Fit No surprises here. Why Does the Ocean Sing was practically made for Hysilens. Her entire kit revolves around stacking debuffs and triggering DoT effects through her Basic Attack, Skill, and Ultimate. With the Light Cone boosting her Effect Hit Rate by 40%, she can easily trigger Enthrallment, stacking DoT amplifiers like clockwork. Pair that with the SPD buff allies get when attacking an Enthralled enemy, and Hysilens becomes a total battlefield manipulator. He's fast, dangerous, and nearly impossible to ignore. 2. Jiaoqiu – DoT Support With Serious Bite Jiaoqiu isn't just a sidekick anymore. This limited-time 5-star Nihility unit thrives in teams built around Acheron and other DoT-focused characters. He's great at stacking debuffs but can sometimes struggle with landing them consistently. Why Does the Ocean Sing fixes that problem. With a 40% Effect Hit Rate bonus and the added Enthrallment effect, Jiaoqiu's debuffs land smoother, hit harder, and amplify overall DoT output. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like An engineer reveals: One simple trick to get internet without a subscription Techno Mag Learn More Undo It turns him from a background support into a more central damage contributor. 3. Black Swan – Arcana Queen Gets an Upgrade Black Swan, the queen of Arcana stacks, benefits massively from the stats this Light Cone brings. She needs to hit 120% Effect Hit Rate to reliably trigger Arcana on enemies with 30% Effect RES. The 40% boost from Why Does the Ocean Sing gets her much closer to that mark without relying solely on relic stats. On top of that, the SPD bonus when allies hit Enthralled targets means she cycles through her turns faster and leads to more AoE mayhem. 4. Guinaifen – A 4-Star Surprise Contender Leaked tests suggest Why Does the Ocean Sing might also work surprisingly well on Guinaifen. Though she's a 4-star, her kit centers around stacking burns and debuffs with high frequency. This Light Cone lets her stick her burns more reliably while triggering the Enthrallment effect to pump up DoT multipliers. While Why Does the Ocean Sing is clearly tailor-made for Hysilens, it's not limited to her. Characters who thrive on debuffs, stackable DoT, and Effect Hit Rate bonuses stand to gain the most. Catch Rani Rampal's inspiring story on Game On, Episode 4. Watch Here!
