Rains batter North Kerala, 30,000 people in relief camps

Aug 14 2018 | 1 hrs ago

Heavy rains pounded various parts of Kerala, especially the northern regions this morning, compounding the miseries of the people of the state where thousands are lodged in relief camps.

Karnataka rushes relief materials to flood-hit Kerala

Aug 10 2018

The state government has also agreed to release 75,000 cusecs of water from Kabini reservoir in Mysuru districts to tackle the flash floods.

Kerala rains leave 20 dead, Nehru boat race postponed

Aug 09 2018

The toll in rain-related deaths in Kerala touched 20 as Chief Minister Pinarayi Vijayan postponed Saturday's annual Nehru boat race in Alappuzha in view of heavy showers forecast.

Raveendran Kasthuri appointed as CEO of ULCCS

Aug 04 2018

ULCCS, one of the biggest co-operative societies in the country, has appointed Raveendran Kasthuri as its new CEO, the society said in a release here.

Heavy rains in Kerala disrupts normal life

Jul 16 2018

Heavy rains pounded Kerala on Monday disrupting normal life with more rainfall predicted till Wednesday, weather officials said.

Gulf Air launches non-stop Bahrain-Kozhikode service

Jun 16 2018

Gulf Air today launched its daily non-stop service to Bahrain.

Southwest monsoon hits Kerala, reports IMD

May 29 2018

Skymet, a private weather forecasting agency and a rival of the IMD, had said that the monsoon made its arrival in Kerala yesterday.

Another Nipah virus death in Kozhikode, toll now 13

May 26 2018

Even as the incidence of fresh cases of Nipah virus has come down, a woman, under treatment at the Kozhikode Medical College hospital, passed away, taking the disease toll in Kerala to 13.

Nipah: Travellers asked to avoid 4 Kerala districts

May 23 2018

Amid the outbreak of the Nipah virus, the Kerala government today asked travellers to avoid visiting four northern districts of the state -- Kozhikode, Malappuram, Wayanad and Kannur.

Rail commuters vote Kozhikode station 'cleanest': Survey

Jan 16 2018

Kozhikode railway station has been declared the "cleanest" in the country while the Hazrat Nizamuddin station in Delhi is at the lowest rung, said a survey.

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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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