MTNL Defaults on Yet Another Payment
Mahanagar Telephone Nigam Limited (MTNL), a state-run Indian telecom operator, has defaulted on payments in the past. The company has done it yet again. This highlights the financial troubles MTNL is going through. Much recently, MTNL said in a regulatory filing that it doesn't have the money to pay interest on the Rs 6,109.6 crore worth of bonds that it had raised money through. These bonds were issued in November... Read More