State-run Mahanagar Telephone Nigam Ltd (MTNL) has defaulted on the payments of both principal and interest to seven major public sector banks, totalling Rs 8,585 crore.
Mumbai (Maharashtra) [India], Oct 24 (ANI): Shares of government-owned Mahanagar Telephone Nigam Limited (MTNL) on Thursday surged by 4.92 per cent to Rs 6.19 apiece on the BSE after the Union Cabinet a day earlier approved its merger with Bharat Sanchar Nigam Ltd (BSNL).