News for Mahanagar Telephone Nigam Limited (MTNL.NS)

BSNL Q3 Results: The public sector telco reported a net loss of Rs 1,569.22 crore in Q3FY24. Its mobility services revenue grew 15% YoY, while fiber-to-the-home (FTTH) and leased line services saw YoY increases of 18% and 14%, respectively.

“This milestone reflects the company’s focus on innovation, aggressive network expansion, cost optimisation, and customer-centric service improvements,” BSNL said in an official statement.

MTNL shares rose 10.26% to Rs 57.56 on Monday against the previous close of Rs 52.20 on BSE. Market cap of the telecom firm climbed to Rs 3,514 crore.

TCS: Presently, BSNL holds spectrum in 700 MHz, 900 MHz, 2100 MHz, 2500 MHz, and 3500 MHz frequency bands.

Ministry Of Home Affairs: On January 20, 2025, TCIL demonstrated the SMS header module designed for telcos to enable realtime interventions against its misuse in cyber-enabled frauds on the National Cybercrime Reporting Portal (NCRP).

BSNL: Ind-Ra estimates industry-wide tariffs to rise 6%-10% year-over-year in FY26, due to the base effect of the recent tariff hikes, and organic tariff growth of 3%-5% backed by the change in user mix.

BSNL: The public sector telecom carrier is reportedly spending 38% of its revenue towards the payment of salaries of employees, while the figure is in single-digit for private telcos.

The communications ministry plans to seek Cabinet approval once it secures clearance from the finance ministry.

BSNL: The public telecom entity spends nearly Rs 7,500 crores -- or about 38% of its revenue -- to meet employee salaries which it plans to cut down to about Rs 5,000-crore a year.

MTNL board approves VRS for employees aged 45+, aiming to cut costs and improve operational efficiency.

The Committee, in turn, recommended BSNL adopt a multi-pronged strategy, including expediting the testing and stabilisation of indigenous 4G technology, and partnering with foreign technology companies.

CARE Ratings upgrades Mahanagar Telephone Nigam Limited (MTNL) bond rating to CARE AAA from AA+, citing timely government debt repayments and a stable outlook for bonds worth Rs 24,071 crore.

Tata Power commissions 126 MW floating solar projects, India Glycols mulls demerger, Jai Balaji approves share split, Morgan Stanley buys PNB Housing stake.

Stocks that will see action today: Buzzing stocks: IREDA, MTNL, PNB, GE T&D, NTPC, Zomato, Macrotech, Nazara, Restaurant Brands, SpiceJet, Aditya Birla Capital, Pudumjee Paper, BL Kashyap, Garde Reach

Around 760+ companies like Filmcity Media Ltd., Nakoda Group of Industries Ltd., Phoenix Township Ltd., and Sunteck Realty Ltd., will declare their first-quarter earnings on Wednesday. Find here the full list of companies that will declare their quarterly results on Wednesday.

Around 650+ firms including Hindalco Industries, Samvardhana Motherson International, GMR Airports Infrastructure, Hero Motocorp, Apollo Hospitals Enterprises, Muthoot Finance, IRCTC – Indian Railway Catering & Tourism Corp, FSN E-Commerce Ventures Nykaa, SJVN, Max Financial Services, Gujarat Fluorochemicals Limited, Endurance Technologies, Ipca Laboratories will declare their Q1 results today. Find here the full list of companies announcing their earnings on Tuesday.

Of these 505 stocks, as many as 83 per cent or 420 stocks belonged to 'XT', 'T', 'X', and 'Z' categories

Stocks to watch: Check out the companies making headlines before the opening bell today, on April 5, 2024.

In terms of levels, immediate resistance for Nifty 50 is notable at 22,800, a significant level on higher time frames, with further resistance observed at 23,170 and 23,400.