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October 6, 2024

MTNL defaults on repayment of Rs 326cr, SBI declares it NPA

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State Bank of India has classified MTNL’s loan accounts as sub-standard non-performing assets due to missed payments since June 30. MTNL owes Rs 326 crore, with Rs 282 crore overdue. SBI demands immediate payment and has warned of legal action while seeking updates on MTNL’s monetisation projects, including a land development deal with NBCC. Read More
October 6, 2024

US upgrading its nukes in view of evolving geopolitical environment, says report

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The U.S. is undertaking a significant modernization of its nuclear arsenal due to heightened global tensions, highlighted by Russia’s norm-breaking behavior and China’s potential nuclear advancement. The report outlines ongoing modernization of several warheads and production plans to ensure a resilient deterrent. The Department of Energy oversees these efforts without underground explosives testing. Read More