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BSNL to lease property and towers: Raise money for operations

BSNL to lease property and towers: Raise money for operations
The telecom department explores ways to resurrect the loss-making telecom company BSNL and help it meet capex costs. Bharat Sanchar Nigam plans to raise nearly Rs 6,000 crore of fresh resources by monetizing property holdings and sharing/leasing its 73,000-odd mobile towers. The state-run telco also proposes to boost cash flows by targeting 45 % revenue [...] Continue Reading »

Rs 1,800 crore home loan to be disbursed!

Rs 1,800 crore home loan to be disbursed!
The Sundaram Finance Ltd in Tiruchirapalli is all set and ready to release Rs 1,800 crore home loan disbursements target. The company has set a positive trend to establish themselves well by achieving this target for the year 2011 and 2012. The company says it has strong roots in South India wherein its looking forward [...] Continue Reading »



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