Ian

 

Hindu migrants from Pakistan living a life of homeless wanderers, courtesy Indian red-tapism

Aug 14 2018 | 8 mins ago

At a time when the world is battling one of its biggest refugee crises, India has its own share of the problem -- thousands of Hindu migrants from Pakistan remain stranded at this Rajasthan transit hub.

An actor's job gets reduced to half with a good director: Vicky Kaushal

Aug 14 2018 | 16 mins ago

Vicky Kaushal, who is on a roll with his diverse roles in films like "Raazi" and "Sanju", says working with a good director reduces an actor's effort by half to play a character convincingly.

India needs to drastically reform higher education in rapidly digitising world

Aug 14 2018 | 43 mins ago

As India gets ready to celebrating its 71st Independence Day, concerns over honing its human capital come to the fore.

Apple delays 'Group FaceTime' feature for video calls

Aug 14 2018 | 47 mins ago

"Group FaceTime" has been removed from the initial release of iOS 12 and will ship in a future software update later this fall".

Data-friendly Twitter Lite now available in India

Aug 14 2018 | 58 mins ago

The micro-blogging platform has made its data-friendly Twitter Lite Android app available in 21 more countries, including India.

Books break barriers as Indo-Pak cultural exchanges diminish

Aug 14 2018 | 59 mins ago

At a time when diplomatic exchanges between India and Pakistan are at a standstill and cultural initiatives across the border have taken a backseat, the literary space has become the avenue for exchange of ideas

All-in-One printers prone to hacking, researchers warn

Aug 14 2018 | 1 hrs ago

Researchers from a Nasdaq-listed Israeli security company have warned of vulnerabilities likely to be exploited by hackers on all-in-one printers with fax functionality.

Cloudy Tuesday morning in Delhi with 27.4 degree temperature

Aug 14 2018 | 1 hrs ago

It was a cloudy Tuesday morning in the national capital with forecast of lights rains. The minimum temperature was recorded at 27.4 degrees Celsius, a notch above the season's average.

Facebook refutes report 'Zuckerberg doesn't care about publishers'

Aug 14 2018 | 1 hrs ago

Facebook has denied a media report that cited one of its senior executives as saying that Mark Zuckerberg doesn't care about publishers.

Delhi gets free Wi-Fi, fast broadband under 'smart city' project

Aug 14 2018 | 1 hrs ago

Parts of the national capital will now enjoy free Wi-Fi and high-speed broadband as Union Home Minister Rajnath Singh launched a slew of "smart city" projects on Monday.

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Global Markets

 

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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