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Excluding Cong from UP alliance or making it look like 'dwarf' will be 'myopic': Khurshid

Aug 12 2018

Senior Congress leader Salman Khurshid today cautioned opposition parties such as the SP and BSP against excluding the Congress from the alliance in Uttar Pradesh for the 2019 polls or making the party look like a "dwarf" in the state, saying such a move will be "myopic" and benefit the BJP.

Chhattisgarh CM to be elected like Sita's 'swayamvar': Sr Cong leader T S Singh Deo

Aug 12 2018

Like goddess Sita chose Lord Ram, the Chief Minister's face of the Congress will be elected through 'swayamvar' after the Assembly elections, Chhattisgarh Leader of Opposition T S Singh Deo has said.

Philippine inflation accelerates in July, cements rate hike expectations

Aug 07 2018

Philippine annual inflation accelerated in July and moved further away from the central bank’s comfort range, strengthening expectations for further policy tightening this week.

There's complete 'jungle raj' in BJP-ruled states: Mayawati

Aug 06 2018

BSP chief Mayawati said there should be no cover-up of the incidents of alleged sexual exploitation reported from shelter homes in Bihar's Muzaffarpur town and Uttar Pradesh's Deoria district.

Amit Shah dares Cong to clear stand on OBC bill

Aug 05 2018

BJP chief Amit Shah today dared the Congress to clear its stand in the Rajya Sabha on the amended OBC bill, saying it will expose whether the party was really for the backward communities.

SAIL spends Rs 18,832 cr on expansion, modernisation of Bhilai plant

Aug 01 2018

Steel Authority of India Ltd (SAIL) has spent Rs 18,832 crore on expansion and modernisation of its Bhilai plant in Chhattisgarh till June, 2018, Parliament was informed.

Mayawati seeks all-party meeting on Assam NRC issue

Jul 31 2018

Joining the row over publication of the final draft of the National Register of Citizens (NRC) in Assam, BSP president Mayawati today condemned the exclusion of over 40 lakh people from it and demanded an immediate all-party meeting to explore the remedial measures.

Congress' yielding on PM face improves chances for grand coalition

Jul 28 2018

The non-BJP parties have kept their options open about the prime ministerial candidate till after the elections because the numbers will be a decisive factor in making the choice.

Yogi claims turnaround, blames SP-BSP for stalling development

Jul 23 2018

Uttar Pradesh Chief Minister Yogi Adityanath on Monday said the state had achieved economic turnaround since he assumed office in March 2017, overcoming the "mess" created by the previous governments.

Akhilesh parries question on whether SP will back Rahul as PM

Jul 19 2018

Akhilesh Yadav today avoided a direct reply when asked whether his party would support Rahul Gandhi as prime minister.

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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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