Gold rises as dollar edges lower

Aug 14 2018 | 9 mins ago

Gold prices steadied near 18-month lows on Tuesday, attempting a break back above the key $1,200 level as the dollar eased and analysts said the precious metal could have fallen too far.

Mrs Watanabe abandons Turkish lira after crash

Aug 14 2018 | 36 mins ago

The Turkish lira’s colossal sell-off in recent days has forced Japanese retail investors, who have been aggressive buyers of the currency this year, to finally abandon bets on the high-yielding Middle Eastern unit.

Erdogan says Turkey will boycott US electronics, lira steadies

Aug 14 2018 | 1 hrs ago

Tayyip Erdogan said Turkey will boycott electronic products from the United States, retaliating in a dispute with Washington that has helped drive the lira to record lows.

FTSE flat as Turkey crisis takes a breather

Aug 14 2018 | 1 hrs ago

UK shares were flat morning as the Turkish lira pulled back from record lows, providing investors temporary respite in a currency crisis that has rattled global markets since August 10.

Gold futures soften by 0.08% on global cues

Aug 14 2018 | 4 hrs ago

Gold prices weakened by 0.08 per cent to Rs 29,934 per 10 grams in futures trade today as participants trimmed positions, tracking a weak trend overseas.

Nifty, Sensex snaps two days of losses on financials, IT; Turkey woes cap gains

Aug 14 2018 | 4 hrs ago

Indian shares rose, in line with broader Asian peers, helped by financial and technology stocks as trade anxiety stemming from a plunge in the Turkish lira showed signs of easing.

Italy PM, ministers discuss 2019 budget, agree it must cut debt

Aug 14 2018 | 4 hrs ago

Giuseppe Conte and his top ministers discussed the 2019 budget and agreed that it will preserve the stability of state finances and lower the public debt, the prime minister’s office said.

Rupee plummets to historic low of 70.09 on Turkish lira collapse

Aug 14 2018 | 5 hrs ago

Rerversing all its early gains, the rupee today collapsed to a life-time low of 70.09 against the US dollar, falling 16 paise amid fears that Turkish economic crisis could lead to a global financial meltdown.

Trump aide Bolton met Turkish envoy to discuss U.S. pastor: White House

Aug 14 2018 | 6 hrs ago

White House national security adviser John Bolton met with Turkey’s ambassador to the United States to discuss Turkey’s detention of American pastor Andrew Brunson, the White House said.

Rupee recovers from life low, up 23 paise

Aug 14 2018 | 6 hrs ago

Rupee recovered from all-time low of 69.91 and strengthened by 23 paise to 69.68 against the US dollar in opening trade at the interbank foreign exchange market today on some macroeconomic boost.

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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