India smartphone market grows 20% in Q2 2018, Xiaomi leads tally: IDC

Aug 13 2018

Smartphone shipments grew 20 per cent to 33.5 million units in the June quarter 2018 compared to the year-ago period, boosted by launch of online exclusive devices as well as strong shipments by offline retail-heavy players, research firm IDC said.

Autistic women lack access to reproductive planning: Study

Aug 13 2018

Women with intellectual and developmental disabilities like autism and down syndrome have nearly double the rate of having another baby within a year of delivering compared to women without such disabilities, indicating a lack of access to reproductive planning, a new study has found.

Innogy sells stake in $2.6 billion wind project to Japanese firms

Aug 13 2018

Innogy (IGY.DE) will sell a 41 percent stake in its 2 billion pound ($2.6 billion) offshore wind farm Triton Knoll to Japan’s Electric Power Development Co (9513.T) and Kansai Electric Power Co (9503.T), it said.

Pakistan's new National Assembly begins its session

Aug 13 2018

The inaugural session of Pakistan's 15th National Assembly (NA) was underway here during which 331 members of the Lower House of Parliament took oath after their election in the July 25 general elections.

India Week Ahead: Earnings, Inflation data, Oil & Rupee movement to guide markets

Aug 12 2018

Indian market continued its rally to scale new highs last week, market saw some correction on Friday but for the week key indices.

PM may push financial inclusion drive in I-Day speech

Aug 12 2018

Modi is expected to announce benefits for about 32 crore Jan Dhan account holders in his Independence Day address this week to provide a boost to the government's financial inclusion drive, official sources said.

India Cements Q1 net profit falls 34 percent to Rs 26 cr

Aug 11 2018

Net income declined to Rs 1,366.17 crore during April-June quarter of 2018-19 fiscal from Rs 1,466.75 crore in the year-ago period.

Court issues public notices for appearance against Nirav Modi, family under fugitive Act

Aug 11 2018

A special Fugitive Economic Offenders Act court in Mumbai issued public summons to the sister and brother of Nirav Modi, the main accused in USD 2 billion bank fraud case, asking them to appear before it on Sept 25.

Omkar Realtors to invest Rs 700 cr on 2nd phase of Mumbai slum redevelopment project

Aug 10 2018

Mumbai-based Omkar Realtors today said it will invest about Rs 700 crore to develop the second phase of its new mixed-use housing project at Andheri in Mumbai.

Fadnavis approves land for defence equipment cluster at MIHAN

Aug 10 2018

The Maharashtra government on Friday approved allotment of 20 acres of land at MIHAN SEZ in Nagpur for setting up a defence equipment manufacturing cluster.

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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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