Rupee breaches historic 70 mark against dollar; recovers at close as RBI intervenes

Aug 14 2018 | 48 mins ago

The rupee today breached the historic low of 70-mark against the US dollar today before recovering at close on suspected RBI intervention and the finance ministry's dismissing the concerns over its sharp fall.

Ruby Rose quits Twitter after backlash over her Batwoman role

Aug 13 2018

Actor Ruby Rose has quit Twitter following a backlash over her casting as lesbian superhero Batwoman in "Arrowverse".

SBI shares continue to fall; down over 3%

Aug 13 2018

The stock went down 3.17 per cent to end at Rs 294.80 on BSE. Intra-day, it slumped 4.15 per cent to Rs 291.80.

SBI ranked as India's most patriotic brand: Survey

Aug 13 2018

State Bank of India (SBI) is considered to be the most patriotic brand, according to a survey, followed by Tata Motors, Patanjali, Reliance Jio and BSNL.

Stocks to watch out for on Monday, Aug 13: IDBI Bank, PVR

Aug 13 2018

Indian markets set for negative start due to weak cues from U.S. markets.

SBI to sell NPAs Bombay Rayon Fashions, Shivam Dhatu worth Rs 2,490 cr

Aug 12 2018

SBI will sell two non-performing assets (NPAs) worth about Rs 2,490 crore and has invited bids for them.

Jet Airways says meeting all payment obligations to lenders

Aug 11 2018

Jet Airways Ltd sought to reassure investors, saying it is meeting its payment obligations to lenders and other dues, such as staff commitments.

No retrenchment of employees after merger of associate banks with SBI: Govt

Aug 10 2018

Goyal said there was no retrenchment of employees after the merger of five associate banks and the Bhartiya Mahila Bank with the State Bank of India.

SBI shares tank over 5 percent on Q1 loss

Aug 10 2018

Shares of SBI today tumbled over 5 per cent after the lender reported a hefty loss of Rs 4,876 crore for the June quarter.

SBI posts Q1 loss of Rs 4,876 cr as bad loans rise

Aug 10 2018

The country's largest lender SBI today reported a hefty loss of Rs 4,876 crore for the June quarter due to higher bad loans.

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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