PM Modi invites investments, technology to India

Apr 12 2015

PM Modi invited investments and technology from across the world, saying it will be beneficial for the entire globe.

Banking Sector to See Big Changes in Next Few Years: Rajan

Apr 11 2015

RBI Gov. Rajan said banking sector will see major changes in the coming years with the entry of new players.

France to work with India on semi-high speed Rail line

Apr 11 2015

France will partner India in a study for upgrading the speed on Delhi-Chandigarh rail line.

India may fall short of 2014-15 exports target by almost 8%

Apr 10 2015

India is likely to miss the exports target of $340 billion set for 2014-15, a top official said.

HDFC cuts home loan rate by 0.2%; EMIs to come down

Apr 10 2015

Country's largest mortgage firm HDFC today cut home loan rate by 0.2% to 9.9% for new as well as existing borrowers.

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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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