Dubai diamond traders lay bare Mehul Choksi's fraud

Jul 04 2018

Top officials of the Dubai Multi Commodities Centre have nailed Mehul Choksi by disclosing the fugitive diamond merchant’s dubious dealings across Asia.

Bharat Hain Hamara, cash-less Sahara

Jul 03 2018

Shorn of the glamour and power he once wore on his sleeves like diamond cuff links, Subrata Roy, India’s self-styled baron of the poor, is now pleading a near-cashless situation of his conglomerate.

Making a good business out of bad loans!

Jul 03 2018

Good business in bad loans. This is the only answer I got after searching, researching and interviewing bankers and asset reconstruction professionals.

Full Statehood for Delhi an election ploy

Jul 03 2018

As often as the moon waxes and wanes, the politicians in the Capital raise the issue of full statehood for the city.

Can the Emergency be poll issue for 2019?

Jun 28 2018

To expect the Emergency of 1975 be an electoral issue in 2018 is living in a make belief world. Politicians and electorate are hardboiled functionaries and may spring a surprise on those looking for expected results.

Indian Markets


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Global Markets


Stocks In News



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


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


To decide on buy back of shares on Aug. 20


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


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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