President watches documentary on President's Bodyguard

Aug 14 2018 | 6 mins ago

President Ram Nath Kovind on Tuesday watched a special screening of a documentary on one of the oldest regiments of the Indian Army, The President's Bodyguard, at Rashtrapati Bhavan.

Edelweiss Tokio Life signs up Fincare Small Finance Bank as bancassurance partner

Aug 14 2018 | 17 mins ago

Private life insurer Edelweiss Tokio Life Insurance on Tuesday announced the inking of bancassurance partnership with Fincare Small Finance Bank.

WADA made two suggestions to Russia on reinstating Rusada, says president

Aug 14 2018 | 1 hrs ago

The World Anti-Doping Agency (WADA) sent two suggestions to Russia for reinstating the Russian Anti-Doping Agency (Rusada) in mid-June, but no response has been received so far, WADA President Craig Reedie said.

Hackers transfer Rs 94 crore from Pune's Cosmos Bank

Aug 14 2018 | 2 hrs ago

Suspected hackers siphoned off Rs 94.42 cr from the Cosmos Cooperative Bank Ltd -- the second oldest and second biggest cooperative bank in India -- to various foreign and domestic bank accounts, police said.

India's tea production down 4 per cent in June

Aug 14 2018 | 2 hrs ago

India's estimated tea production fell by around 4 per cent to 142.7 million kg in June from 148.4 million kg produced in the year-ago month, data from the Tea Board India showed.

Samsung Galaxy S10 won't be company's first 5G device

Aug 14 2018 | 2 hrs ago

Putting rumours to rest, Samsung Electronics has confirmed its upcoming Galaxy S10 smartphone will not be the company's first 5G device.

Centre declares Eid holiday on August 23

Aug 14 2018 | 2 hrs ago

The govt announced a change in the holiday for Eid-ul-Zuha, saying that central government offices located in the national capital will remain closed on August 23 in place of August 22.

Delhi government announces jobs for 7,000 graduates

Aug 14 2018 | 3 hrs ago

Delhi government announced over 7,000 jobs of field surveyors for graduates for collecting household data in Delhi with a remuneration of up to Rs 1,500 per day.

Taliban militants overrun Afghan Army base, 17 soldiers killed

Aug 14 2018 | 3 hrs ago

At least 17 Afghan soldiers were killed after Taliban militants overran an Army base in the northern part of the country following a three-day intense fighting, officials said.

Kerala cancels Onam celebrations over floods

Aug 14 2018 | 3 hrs ago

In view of the worst devastation in nearly a century suffered by Kerala due to rains and floods, the government on Tuesday cancelled this year's Onam celebrations, Chief Minister Pinarayi Vijayan announced.

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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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