Sugar prices drop on ample stocks, weak demand

Aug 10 2018

Sugar prices softened by up to Rs 20 per quintal at the wholesale market in the national capital today following ample stocks amid limited offtake.

Sugar prices decline on bumper stocks, muted demand

Jul 21 2018

Sugar ready M-30 and S-30 prices dropped by Rs 30 each to end at Rs 3,930-4,040 and Rs 3,920-4,030 per quintal.

Akhilesh slams UP govt on crime front; govt refutes charge

Jul 10 2018

A day after gangster Munna Bajrangi was shot dead in Baghpat district jail, former Uttar Pradesh chief minister Akhilesh Yadav today slammed the Yogi Adityanath government for ensuring "no law and order" in the state, a charge refuted by the BJP government.

We have stopped 'chariot of hate' in UP, says RLD leader Jayant

May 31 2018

Jayant said that the united opposition had succeeded in halting the "chariot of hate" of the BJP in Uttar Pradesh.

Congress worships one family, can't respect democracy: Modi

May 27 2018

He, in a reference to Congress, said that on the other side are those for whom their family is their country, while for him, the country is his family.

PM inaugurates Rs 11,000 cr Eastern Peripheral Expressway

May 27 2018

Modi said Rs 3 lakh crore has been spent on laying a network of 28,000 km of highways.

Attack on couples by khap panchayat illegal: Supreme Court

Jan 16 2018

The SC termed as "absolutely illegal" any attack by khap panchayats or associations against an adult man and woman opting for inter- caste marriage.

12 new expressways to be constructed: Gadkari

Apr 28 2017

At least a dozen new expressways would be constructed in the coming year to connect various states in the country.

Indian Markets


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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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