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Business Standard
6 days ago
- Business
- Business Standard
Battling losses and loans, one state-owned telco pulls ahead of another
BSNL and MTNL have needed state support but their financial trajectories are now diverging Jayant Pankaj Listen to This Article The Department of Telecommunications recently approached the Finance Ministry once again to seek funds to help repay the mounting debt of MTNL, which provides telecom services in Delhi and Mumbai. BSNL, which provides services in the rest of the country, has needed help as well, marking the two state-owned telecom companies' financial distress. From FY15 to FY25, BSNL reported cumulative net losses of Rs 85,001 crore. MTNL's losses were Rs 31,814 crore (as of December 2024). However, there is a contrast in the companies' recent financial trajectories. BSNL, short for Bharat Sanchar Nigam Limited, is turning around: it reported net
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Business Standard
28-05-2025
- Politics
- Business Standard
Naxalism on wane: Maoist incidents, civilian casualties drop sharply
Official data shows that the number of naxal-related incidents, comprising security operations as well as naxal-initiated violence, has been declining over the past 12 years with an aberration in 2022 Jayant Pankaj New Delhi Listen to This Article Last week, a top leader of the banned Communist Party of India (Maoist), Nambala Keshava Rao — popularly known as Basavaraju — was among the 27 killed in an encounter with the security forces in Chhattisgarh. The operation formed a key part of Operation Black Forest which began in April this year. Following this, there has been a surge in Maoist encounters across Chhattisgarh, Telangana, and Jharkhand. Calling it 'the most decisive strike' against insurgency in three decades, Home Minister Amit Shah asserted that Naxalism would be eradicated by March 31, 2026.
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Business Standard
23-05-2025
- Business
- Business Standard
Datanomics: 1 in 4 listed CPSUs fall short of Sebi's 25% shareholding norm
Of 79 listed CPSUs and financial institutions, 21 have not met SEBI's public shareholding requirement, with nearly half of them from the financial sector Jayant Pankaj Listen to This Article Listed firms in India are required to comply with the Securities and Exchange Board of India's (Sebi's) Minimum Public Shareholding (MPS) norm, which mandates that at least 25 per cent of their equity shares be held by the public or non-promoters. The companies have to do so within three to five years of their listing, depending on their market capitalisation. However, central public sector units (CPSUs) and financial institutions have been given a relaxed timeline to do so. They are now required to adhere to the minimum public holding norm by 1 August 2026. The Life Insurance Corporation (LIC),
