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The exchanges said MTNL has failed to comply with Regulation 17(1) of SEBI's Listing Obligations and Disclosure Requirements (LODR) rules, which mandate the presence of a required number of independent directors on the company's board.

Meanwhile, the US dollar is set for its sharpest weekly fall in four months, as expectations of a US Fed rate cut continue to strengthen, further supporting precious metal prices. MCX Silver continues to display strong bullish behaviour after forming a rounded base pattern, reflecting healthy accumulation and a confirmed trend shift.

At mid-day, the price of 10 grams of 24-carat gold was at Rs 1,25,342 up from Rs 1,23,308 on the previous day, according to data published by the India Bullion and Jewellers Association (IBJA).