Nifty, Sensex snaps two days of losses on financials, IT; Turkey woes cap gains

Aug 14 2018 | 8 mins ago

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.

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.

Sequoia China to raise $6 billion in new fund with state-owned partner: Sources

Aug 14 2018 | 34 mins ago

Sequoia Capital China is teaming up with a state-owned venture capital (VC) fund and e-commerce powerhouse (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 economic growth stronger than expected in second quarter

Aug 14 2018 | 43 mins ago

German economy picked up more steam than expected in the second quarter, driven by higher household and state spending, preliminary data showed.

South Korea to ban about 20,000 BMW vehicles after engine fires

Aug 14 2018 | 54 mins ago

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.

Unilever to use to move products across China

Aug 14 2018 | 58 mins ago 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.

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.

Biogen's pricey muscle drug Spinraza too costly for Britain

Aug 14 2018 | 1 hrs ago

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.

Brazil's farmers dump sugar for soy as trade war boosts Chinese demand

Aug 14 2018 | 1 hrs ago

Last year, Brazilian farmer Gustavo Lopes sized up his sugarcane plantation against his soybean fields.

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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