kolkata

 

Somnath established that speaker's post was above politics: Mahajan

Aug 13 2018

Sumitra Mahajan condoled the death Somnath Chatterjee, saying that his tenure as the speaker of the Lower House was a guide for her.

Somnath Chatterjee: A die-hard Marxist forsaken by his party

Aug 13 2018

Somnath Chatterjee was the first Communist Speaker of the Lok Sabha and one who defied his party and refused to quit the post over the Indo-US nuclear deal in 2008, leading to his expulsion from the CPI-M.

Odisha CM condoles Somnath Chatterjee's death

Aug 13 2018

Odisha Chief Minister Naveen Patnaik mourned the death of former Lok Sabha Speaker Somnath Chatterjee, describing him as a stalwart parliamentarian.

Somnath Chatterjee passes away, Rahul hails him as 'institution'

Aug 13 2018

Former Lok Sabha Speaker Somnath Chatterjee died at a Kolkata nursing home on Monday following a cardiac arrest and prolonged age-related ailments. Congress President Rahul Gandhi hailed him as "an institution", respected by all parliamentarians.

Amit Shah shown black flags by youth Cong workers

Aug 11 2018

Shah was shown black flags by youth Congress workers when he came out of the NSC Bose International airport here to attend a rally in central part of the city, the police said.

Mahajan asks Mamata to clear stand on infiltration issue

Aug 11 2018

Accusing Mamata Banerjee of making a U-turn on the infiltration issue, BJYM president Poonam Mahajan today urged the Trinamool Congress not to politicise issues related to national security.

Mamata to lay foundation stone for IT Park project on Aug 13

Aug 10 2018

Mamata Banerjee on August 13 will lay the foundation stone for an IT park in Rajarhat which the West Bengal government plans to build in the lines of Silicon Valley in the US.

Birla Corp Q1 net rises 94% to Rs 84 crore

Aug 07 2018

Birla Corporation, an M P Birla Group company, reported a 94-per cent on-year rise in its net profit for the June quarter to Rs 84 crore.

Frankfinn Group to enter into 50 international JVs in 2 years

Aug 07 2018

Frankfinn Group said it would enter into 50 international joint ventures in the next two years, with an investment of around Rs 70-110 crore.

Bengaluru airport handles 33% more pax in Q1 at over 8 million

Aug 06 2018

The Bengaluru international airport has clocked around 33 per cent growth in passenger traffic in the June quarter at over eight million, the airport operator said.

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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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