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Mnangagwa urges Zimbabweans to move on after post-election unrest

Aug 13 2018

President Emmerson Mnangagwa on Monday said Zimbabweans should now unite to rebuild the economy and put behind them the election period that saw six people being killed after the army stepped in to quell post-election protests this month.

Microsoft to stop hosting Gab if anti-Semitic posts stay

Aug 10 2018

Gab, a US-based social network of choice for the far right, is facing suspension of hosting services from Microsoft over two anti-Semitic posts, the media reported.

China's Xi congratulates Zimbabwe's Mnangagwa after disputed vote

Aug 07 2018

Xi Jinping has congratulated Emmerson Mnangagwa on his election as Zimbabwe’s president, state news agency Xinhua said, offering support after the African nation’s opposition cried foul.

Zimbabwe's Mnangagwa calls for unity, rival questions election result

Aug 03 2018

President Emmerson Mnangagwa called on Friday for Zimbabwe to unite behind him after he was declared winner of national elections, but the opposition leader questioned the outcome and demanded “proper and verified” results be released.

EU calls for calm in Zimbabwe after election violence

Aug 02 2018

The European Union on Thursday called for calm in Zimbabwe, where three people where killed in clashes following Monday’s presidential election.

Maha govt approves over Rs 7,000 cr for water projects

Aug 01 2018

The Maharashtra govt has approved over Rs 70 billion to complete the drinking water projects in scarcity-hit areas, state minister Babanrao Lonikar said.

Zimbabwe's Chamisa says has done exceedingly well in vote seen as very close

Jul 31 2018

Zimbabwe’s main opposition leader said on his official Twitter feed his party had collected results from more than 10,000 polling stations, which showed the MDC had done exceedingly well and was ready to form the next government.

South African court overturns immunity for Grace Mugabe in assault case

Jul 30 2018

South Africa’s High Court on Monday overturned a decision by the government to grant Zimbabwe’s former first lady Grace Mugabe diplomatic immunity after she was accused of whipping a woman with an electric cord.

Zimbabweans begin voting in first election since Mugabe's removal

Jul 30 2018

Zimbabweans began voting in the first election since the removal of former president Robert Mugabe, a watershed vote they hope will rid the country of its global pariah status and spark a recovery in its failed economy.

CID to probe theft of newborn from Aurangabad hosp: Maha CM

Jul 17 2018

Fadnavis said the state CID would probe the theft of a newborn from a government hospital in Aurangabad in January this year.

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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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