The Gulf Time Newspaper One of the finest business newspapers in the UAE brought to you by our professional writers and editors.
Bloomberg
For years India’s state-run companies coughed up hefty dividends when the government needed cash. Now the treasury is being forced to return the favour.
Prime Minister Narendra Modi will spend about $9.5 billion to resuscitate telecom firms Bharat Sanchar Nigam Ltd and Mahanagar Telephone Nigam Ltd, Telecom Minister Ravi Shankar Prasad said.