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Indian government announces BSNL-MTNL merger plan

2019-10-24 07:46:00| Telecompaper Headlines

(Telecompaper) The Indian government has decided to merge state-owned operators BSNL and MTNL in an attempt to revive the two loss-making companies. The recently approved "revival package" includes raising sovereign bonds, monetising assets and voluntary retirement scheme (VRS) for employees, local newspaper The Economic Times reports. The government plans to merge MTNL with BSNL, after which MTNL will become a BSNL subsidiary.

Tags: plan government indian announces


Indian telcos dealt a $13bn blow, following High Court ruling

2019-10-24 02:00:00| Total Telecom industry news

India's High Court has upheld a ruling that would force the country's mobile network operators pay 920 billion rupees ($13 billion) of outstanding dues, according to a report by Reuters…read more on TotalTele.com »

Tags: high court indian blow


PepsiCo makes foray into Indian fashion sector

2019-10-14 16:59:00| Daily apparel & textile news and comment - from just-style.com

Food and beverage giant PepsiCo has announced its foray into fashion with the launch of Huemn, an ethical and sustainable apparel brand in India.

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Indian apparel exports remain sluggish

2019-10-10 18:35:00| Daily apparel & textile news and comment - from just-style.com

Indian apparel exports continue to be sluggish even after registering an 11% growth in July compared to June this year, after three months of continuous decline.

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Anheuser-Busch InBev to build 15 microbreweries with Indian hotel group

2019-10-07 18:14:59| Daily beverage news and comment - from just-drinks.com

Anheuser-Busch InBev is to open a chain of microbreweries across India in a new venture with a hotel chain in the country.

Tags: group hotel build indian


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