BSNL, MTNL nudged to monetise land faster to pare debt
Sat, Feb 17, 2024 9:34 PM

BSNL, MTNL nudged to monetise land faster to pare debt

A Flip by Shubhangi Gupta
Get it on Google Play
The government has urged BSNL and MTNL to speed up the process of monetizing their land assets in order to reduce their debts. So far, only Rs 550 crore has been generated through this process, compared to an estimated potential of Rs 20,000 crore. Issues such as taxation and permissions from state and local authorities have been cited as reasons for the slow progress.

More great flips

Bond Traders Ignore Fed Rate Cut With Focus on Trump’s Return

Bond Traders Ignore Fed Rate Cut With Focus on Trump’s Return

Bond traders looking for Jerome Powell to reignite a rally came away disappointed after the Federal Reserve cut interest rates as expected but gave little away about the path ahead. Treasuries inched higher, adding to gains clocked Thursday. The 10-year yield edged down two basis points to 4.31%, taking the drop this week to eight basis points.

Open Flip
Chinese Stock Futures, Yuan Slide as Debt Plan Fails to Impress

Chinese Stock Futures, Yuan Slide as Debt Plan Fails to Impress

Chinese stocks and the yuan declined after authorities announced a 6 trillion yuan program to refinance local government debt, with futures on the FTSE China A50 Index plunging 5% and the yuan sinking 0.6% in offshore trading, signaling investors were unimpressed with the latest attempt to support the economy.

Open Flip
Is the Stock Market Open on Veterans Day?

Is the Stock Market Open on Veterans Day?

Bond traders have a long weekend ahead of them. Stock traders? Not so much. Bond market will close on Monday in observance of Veterans Day. Wall Street, however, will be open on Monday, with the stock market open for a regular session. The stock market will also close early on the day after Thanksgiving and Christmas Eve, while bond markets will close early on those same days and New Year's Eve.

Open Flip

Join our Smart Investment Community

More than 2 Million users are using FlipItMoney to stay updated about the business and finance world! Join FlipItMoney now and take smart investment decisions!
Icon