International

 

Italy PM, ministers discuss 2019 budget, agree it must cut debt

Aug 14 2018 | 28 mins ago

Giuseppe Conte and his top ministers discussed the 2019 budget and agreed that it will preserve the stability of state finances and lower the public debt, the prime minister’s office said.

Trump says kept Omarosa because she 'said great things about me'

Aug 14 2018 | 1 hrs ago

Donald Trump said he kept former White House aide Omarosa Manigault Newman on staff because she praised him even as she failed to do her job, the latest insult in the two former reality television stars’ public battle.

Israeli PM Netanyahu met Egypt's al-Sisi to discuss Gaza: Channel Ten News

Aug 14 2018 | 1 hrs ago

Israeli Prime Minister Benjamin Netanyahu held a secret summit with Egyptian President Abdel Fattah al-Sisi in Egypt in May to discuss a long-term ceasefire in the Gaza Strip, Israel’s Channel Ten News said.

UK Labour's Corbyn trades barbs with Netanyahu on Mideast violence

Aug 14 2018 | 1 hrs ago

A furore over alleged anti-semitism in Britain’s main opposition party widened when Israeli Prime Minister Benjamin Netanyahu and Labour Party leader Jeremy Corbyn exchanged accusations on Twitter over Israeli-Palestinian bloodshed.

Switzerland's ZKB to pay $98 million to end U.S. probe of tax evasion

Aug 14 2018 | 1 hrs ago

Swiss lender Zuercher Kantonalbank (ZKB) [ZKB.UL] has agreed to pay about $98 million to resolve a U.S. investigation into its role in tax evasion by wealthy Americans using undeclared Swiss bank accounts, a U.S. prosecutor said at a court hearing.

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Stocks In News

 

BHARTI AIRTEL

Aircel moves SC to make Airtel clear dues

Alleges that the co withholding Rs453 Cr of bank guarantees paid on its behalf

Bank guarantees have lapsed and Aircel wants Airtel to pay the money

Alleged that Airtel is trying to usurp the sum

Aircel says without the money it may get liquidated

ET reports

MAX INDIA

Bain joins KKR in race for Max Healthcare stake

PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn

ET reports

NAVNEET EDUCATION

To decide on buy back of shares on Aug. 20

JET AIRWAYS CLARIFIES

Co planning $400 Mn stake sale is speculative in nature

Jet Auditor BSR may quit if issues are not resolved is factually incorrect

Have been pro-actively working on multiple revenue enhancements

Evaluating various funding options to meet liquidity requirements on priority

Relationship with Etihad Airways very strong

No delays in discharging any loan obligations to any of the lenders

Default status in tabular statement only due to technical errors, rectified now

Clarifies that reports of stake sale are purely speculative

Also Clarifies that rumors of auditor quitting if issues not solved are factually incorrect

Seeks lenders help in bid to avoid default

Airline wants waiver of loan covenant on existing debt facility of $185mn

Co has to repay or refinance at least $500mn of existing debt to avoid default

Told lenders it won’t be able to meet min $50mn profit condition for FY19

Consortium of lenders yet to decide on Jet’s request

Airline’s total debt was Rs 9430 Cr as on 31st March 18

Mint reports

NSE TO JET AIRWAYS

Have noticed a difference in your responses dated August 9 & 10

Clarify whether mgmt extension from audit committee as per Aug 10 response

Or did Audit Committee not recommend results to board as per Aug 9 response?

In Aug 10 response, details of "Certain Matters Not Closed" not provided

Provide exact reasons for which audit committee has not approved results

Again ask you to give us date when board meet to consider results will be held

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