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Gita Mittal becomes first woman Chief Justice of J&K High Court

Aug 11 2018

Justice Gita Mittal became the first-ever woman Chief Justice of Jammu and Kashmir High Court after she was administered the oath of office by Governor N N Vohra.

Mayawati slams UP govt's move to appoint Lok Kalyan Mitras

Aug 11 2018

Mayawati slammed the Uttar Pradesh government's move to appoint 'Lok Kalyan Mitras' at the block level in the state, terming it as "a waste of government money."

Dollar approaches 13-month high; rouble, Turkish lira downtrodden

Aug 10 2018

Dollar stood tall, hovering just short of a 13-month high against a basket of peers as European currencies such as the pound and euro continued to lose traction.

Future Retail Q1 net rises 3.56%; Mittal resigns from board

Aug 09 2018

Future Retail posted a 3.56 per cent rise in net profit at Rs 153.12 crore for the quarter ended June 30, 2018, against a net profit of Rs 147.85 crore in the same period a year ago.

Japan machinery orders tumble, fuel doubts on capex

Aug 09 2018

Japan’s core machinery orders tumbled in June at the fastest pace in six months, with firms expecting another modest drop in the third quarter in a sign capital expenditure may have peaked out as global trade friction clouds the horizon.

NIA arrests JMB operative accused in Bodh Gaya blast

Aug 07 2018

The NIA has arrested Mohammed Jahidul Islam, leader of Jamaat-ul-Mujahideen Bangladesh (JMB), here for his involvement in Bihar's Bodh Gaya explosion, the anti-terror agency said.

Around 10,000 jobs to be created under National Health Protection Scheme

Aug 05 2018

At least 10,000 new jobs will be created with the implementation of the Centre's ambitious Ayushman Bharat-National Health Protection Mission (AB-NHPM), which aims to provide a cover of Rs 5 lakh per family annually to 10 crore poor families, according to a government official.

Justice Geeta Mittal is 1st woman judge of J&K HC; Justice Menon to head Delhi HC

Aug 04 2018

Justice Geeta Mittal was today appointed as the Chief Justice of the Jammu and Kashmir High Court, becoming the first woman judge in the history to head it.

ArcelorMittal upbeat about second-half after strong quarter

Aug 01 2018

ArcelorMittal (MT.AS), the world’s largest producer of steel, reported better-than-expected core profit for the second quarter and said it believed market conditions would remain favorable for the remainder of 2018.

Japan FSA fines MUFG-Morgan Stanley JV $2 million for market manipulation

Jul 31 2018

Japan’s Financial Services Agency slapped a fine of 218.37 million yen (£1.49 million) yen on a joint venture of Mitsubishi UFJ Financial Group Inc (8306.T) and Morgan Stanley (MS.N) for trying to manipulate Japanese government bond futures prices.

Indian Markets

 
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Global Markets

 

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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