Indian shares rose, in line with broader Asian peers, helped by financial and technology stocks as trade anxiety stemming from a plunge in the Turkish lira showed signs of easing.
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.
Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse JD.com (JD.O) to raise up to 40 billion yuan (£4.55 billion) for a new investment firm to focus on late-stage tech investments, sources said.
German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, preliminary data showed.
South Korea’s transport ministry said it would ban some 20,000 BMW (BMWG.DE) vehicles from the streets amid mounting public fears about engine fires.
JD.com has agreed a deal with Unilever to move products like Lipton’s tea and Lux soap between warehouses across China as the consumer goods firm looks to expand sales in more remote parts of the country.
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 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.
Biogen’s (BIIB.O) muscle disease treatment Spinraza has been deemed too expensive for use on Britain’s state-run health service, even after a price discount offered by the U.S. drugmaker.
Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields.
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
Bain joins KKR in race for Max Healthcare stake
PE firms look to buy 47% stake from Life Healthcare for $450-540 Mn
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
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