Odisha Chief Minister Naveen Patnaik on Tuesday directed all the district collectors to remain prepared for a possible flood situation as the Met Office has predicted heavy rains in the next two days.
Tobacco acreage and production in the country have started declining as the government is encouraging farmers in ten states like Andhra Pradesh to shift to alternative crops in a big way, a senior government official said.
Odisha Chief Minister Naveen Patnaik on Monday invited a business delegation of Fujian province of China to participate in the Make in Odisha conclave scheduled in November this year.
Rainfall forecast for next 24hours at: East : most places: Sub-Himalayan West Bengal & Sikkim; many places: Arunachal Pradesh, Assam & Meghalaya, Nagaland, Manipur,Mizoram, Tripura, Odisha, Jharkhand; a few places: Bihar; isolated places: Gangetic West Bengal.
Aviation regulator DGCA is set to conduct a financial audit of the Naresh Goyal-promoted Jet Airways, amid its fiscal conditions under pressure due to the surging jet fuel prices and low fares, a source said.
State-run Bharat Petroleum Corp Ltd (BPCL) has been given green nod for setting up a second generation ethanol plant in Odisha that would entail an investment of Rs 747.46 crore, according to a senior government official.
The Civil Aviation Ministry has approved a proposal for setting up of water aerodromes in the country.
Heavy rainfall is likely to lash several parts of Odisha in the next two days owing to formation of cyclonic circulation in the region, the Met office.
The Odisha government on Friday signed a subsidiary agreement for the implementation of a project on climate change for massive groundwater recharge.
Odisha government in association with industry body Ficci today conducted a roadshow in the city to woo investors ahead of its second edition of 'Make in Odisha' conclave scheduled to be held in November.
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