tag:blogger.com,1999:blog-12848169252635091412024-03-08T11:21:35.370-08:00Capt ShekharCapt Shekhar CEO AeroSoft CorpAsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.comBlogger347125tag:blogger.com,1999:blog-1284816925263509141.post-84768701402843764212013-07-18T03:26:00.002-07:002013-07-27T03:04:15.836-07:00 Air India Pilots - Captain Jagan Mohan Reddy and Capt S. Kiran - allowed Kannada actress Nithya Menon in the cockpit<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: large;">Air India, has removed two of its Pilots from duty</span><br />
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<span style="font-size: large;">The national flag carrier, Air India, has removed two of its pilots from duty for violating the Director General of Civil Aviation (DGCA) guidelines.</span><br />
<span style="font-size: large;">The pilots - Jagan Mohan Reddy and S. Kiran - had allegedly allowed Kannada actress Nithya Menon in the cockpit while operating the Bangalore-Hyderabad flight last month.</span><br />
<span style="font-size: large;">While Reddy was the pilot-in-command, Kiran was the co-pilot.</span><br />
<span style="font-size: large;">The violation came to light after a government official, who was on board the flight, reportedly registered a complaint against the pilots.</span><br />
<span style="font-size: large;">Menon, a Malayali born in Bangalore, is a journalism graduate from Manipal.</span><br />
<span style="font-size: large;">She, however, changed tack and enrolled for FTII Pune to become a director, there she is said to have been convinced to take up acting.</span><br />
<span style="font-size: large;">Nithya Menon appeared first as a child actor in The Monkey Who Knew Too Much in 1998.</span><br />
<span style="font-size: large;">Her debut as an actor was in the Mohanlal-starrer Aakasha Gopuram ten years later. She then acted in Kannada films. She has also acted in several Telugu and Tamil films.</span><br />
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<a href="https://www.smashwords.com/books/view/336260">Pilot’s Career Guide</a></h2>
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<span style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px;">By </span><a href="https://www.smashwords.com/profile/view/PilotsCareerGuide" style="border: 0px; color: #336699; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Shekhar Gupta’s Smashwords profile"><span style="border: 0px; font-family: inherit; font-size: 12px; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; white-space: nowrap;">Shekhar Gupta</span></a></div>
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<span style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px;">Published: July 13, 2013 </span></div>
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<span style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px;">Words: 26,240 (approximate)</span></div>
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<span style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px;">Language: English</span></div>
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<span style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px;">ISBN: </span><span class="" itemprop="isbn" style="border: 0px; color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">9781301650040</span></div>
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<span itemprop="description" style="border: 0px; color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">International Airline Pilot’s Career Guide Learn Step By Step How to Become an International Airlines Pilot By Shekhar Gupta Niriha Khajanchi</span><span style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px;"> </span></div>
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<strong style="border: 0px; font-family: inherit; font-size: 18px; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="http://www.blogger.com/blogger.g?blogID=6691071061386110047" name="longdescr" style="border: 0px; color: black; font-family: inherit; font-size: 18px; font-style: inherit; font-weight: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">Extended description</a></strong></h2>
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<span style="color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;"></span><span id="longdescr_full" style="border: 0px; color: #333333; display: inline; font-family: Arial, Helvetica, sans-serif; line-height: 18px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">1. Your Aviation Career Starts Here<br />2. Pilot Training<br />3. Flight Ratings – SPL, PPL, CPL, ATPL<br />4. Pilot and Personal Computer<br />5. Medical Requirements for Pilots<br />6. Pilot Training – Where to get it.<br />7. Best Commercial Pilot Training Schools<br />8. Aviation Crew [Flight, Cabin, Ground]<br />9. Aircrafts [Single Engine, Multi Engine, Prop, Turbo Prop, Jet]<br />10. Best Paying Flying Jobs<br />11. Pilots Interview Questions<br />12. Aviation Organizations<br />13. List of Abbreviations<br />14. Aviation Jargons<br />15. FAQ</span></div>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com12tag:blogger.com,1999:blog-1284816925263509141.post-81328792985977231312013-07-02T23:58:00.000-07:002013-07-15T02:37:04.608-07:00Rains and Flying<div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #0b5394; font-size: x-large;">Flying in this Rains and </span><br />
<span style="color: #0b5394; font-size: x-large;">Singing my poem</span><br />
<span style="color: #0b5394; font-size: x-large;">The Fly by Control Not Fly by wire</span><br />
<span style="color: #0b5394; font-size: x-large;">Touched the Face of Winds</span><br />
<span style="color: #0b5394; font-size: x-large;">High Flying in the Air</span><br />
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<span style="color: #0b5394; font-size: x-large;">I Never felt before like I could Fly. </span><br />
<span style="color: #0b5394; font-size: x-large;">I would look down and it is so far to the Ground </span><br />
<span style="color: #0b5394; font-size: x-large;">I wish I could just Jump and Fly over the water.</span><br />
<span style="color: #0b5394; font-size: x-large;">Or I could touch the Cloud and Sky. </span><br />
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<span class="category" itemprop="category" style="border: 0px; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;"><a href="https://www.smashwords.com/books/category/4" style="border: 0px; color: #336699; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Nonfiction</a> » <a href="https://www.smashwords.com/books/category/92" style="border: 0px; color: #336699; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Career Guides</a> » <a href="https://www.smashwords.com/books/category/704" style="border: 0px; color: #336699; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;">Transportation</a></span></div>
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<span style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;">By </span><a href="https://www.smashwords.com/profile/view/PilotsCareerGuide" style="background-color: white; border: 0px; color: #336699; font-family: Arial, Helvetica, sans-serif; line-height: 18px; margin: 0px; outline: 0px; padding: 0px; text-decoration: none; vertical-align: baseline;" title="Shekhar Gupta’s Smashwords profile"><span style="border: 0px; font-family: inherit; font-style: inherit; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline; white-space: nowrap;">Shekhar Gupta</span></a><br style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;" /><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;">Rating: Not yet rated. </span><br style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;" /><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;">Published: July 13, 2013 </span><br style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;" /><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;">Words: 26,240 (approximate)</span><br style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;" /><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;">Language: English</span><br style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;" /><span style="background-color: white; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px;">ISBN: </span><span class="" itemprop="isbn" style="background-color: white; border: 0px; color: #333333; font-family: Arial, Helvetica, sans-serif; line-height: 18px; margin: 0px; outline: 0px; padding: 0px; vertical-align: baseline;">9781301650040</span><br />
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com2tag:blogger.com,1999:blog-1284816925263509141.post-30684165984594215422013-07-02T04:27:00.003-07:002013-07-02T04:27:29.284-07:00Drunk Lankan Cricketer Tried To Open Aircraft Door At 35,000 Feet<div dir="ltr" style="text-align: left;" trbidi="on">
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The unnamed Sri Lankan A team player was said to have pushed and pulled for up to two minutes at the exterior door on a packed British Airways flight from St Lucia to Gatwick.</div>
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A Sri Lankan cricketer tried to open the door of a British Airways flight from St Lucia to London Gatwick while the plane was at 35,000 feet. The drunk cricketer, wearing a blue-coloured team T-shirt, told cabin crew he was searching for the toilet.</div>
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The Daily Mail reported that the unnamed player from the Sri Lankan A team, pulled at the door for two minutes, creating panic among fellow passengers on the Trans-Atlantic flight on Monday.</div>
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A witness told the newspaper: “It was pretty frightening. I’m a nervous flyer anyway but things had been fine until then. I was awake. My daughter had been crying. So I saw everything.”</div>
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The cricketer was wearing a Sri Lankan polo-shirt team uniform with their country’s name in yellow lettering. The witness said: “The BA flight attendants came running down the aisle and tried to calm him down. He seemed quite disoriented.”</div>
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Another witness was quoted as saying: “It was very scary. He looked very dazed or drunk. Some of his team-mates were shouting and telling him to stop. I was just a few feet away. My mum was really upset. Thank goodness he was stopped. Somebody said they had been drinking for four hours before they got on the plane.”</div>
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A spokesman for British Airways said that: “The event was linked to ‘an element of alcohol’. He explained his mistake and cabin crew accepted it in good faith. Cabin crew reassured customers who witnessed the event.” BA stressed that it is impossible to open the pressurised door in mid-flight.</div>
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The Sri Lankan A team were flying back after a Test and limited-overs series against the West Indies A squad. The tour ended on June 27.</div>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-13064910125712848212013-05-04T03:35:00.000-07:002013-05-04T03:35:09.025-07:00Kingfisher Airlines lenders set to file Sarfaesi claim<div dir="ltr" style="text-align: left;" trbidi="on">
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Banks expect protracted battle if promoters attempt to block recovery, plan to move debt recovery tribunal as well<br />
The consortium of lenders to Kingfisher Airlines (KFA) will file a claim under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act in a day or two. But it seems unlikely banks will be able to recover a meaningful chunk of their dues of R7,000 crore any time soon.<br />
In February, State Bank of India (SBI) deputy MD Shyamal Acharya had said banks held collateral worth R6,500 crore against loans to KFA. This included the Kingfisher brand, limited to the airline, which, according to media reports, was valued at around R4,100 crore by audit firm Grant Thornton India at the time the loan was given.<br />
“Now in case of airlines we have to see; we have not ascertained the value of the brand yet. Since it is not flying now, the value might be much less,” Acharya told FE on Thursday. Acharya also said that the consortium will be filing a case with the debt recovery tribunal (DRT) next week.<br />
“We are looking to see what we can recover quickly but the promoter could adopt delaying tactics,” he said. SBI, the lead lender in the 14-bank consortium, has an exposure of R1,600 crore to the bankrupt airline.<br />
Under Sarfaesi, lenders can take possession of the fixed and current assets of borrower after 60 days of sending notice, while through the DRT, lenders can use judicial powers against the borrowers.<br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://timesofindia.indiatimes.com/City/Ranchi/Palamu-Tiger-Reserve-has-potential-for-bird-tourism/articleshow/19845682.cms&ct=ga&cad=CAcQAhgAIAAoATAFOAVA192NjAVIAVAAWABiBWVuLVVT&cd=IOAyy9Uz7tM&usg=AFQjCNGBTe1sBQoIDXCjvpkpiWhoJyLVWQ" style="color: #1111cc;" target="_blank">'Palamu Tiger Reserve has potential for bird tourism'</a><br /><span><a href="" style="color: #777777;">Times of India</a><br />Palamu's birds are under the umbrella of Important Bird Conservation Network (IBCN), an affiliated body of Bombay Natural History Society of Mumbai. There are three specimens of <b>Kingfisher</b> birds in this tiger reserve like <b>Kingfisher</b>,Pied, <b>Kingfisher</b> <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://timesofindia.indiatimes.com/City/Ranchi/Palamu-Tiger-Reserve-has-potential-for-bird-tourism/articleshow/19845682.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAFOAVA192NjAVIAVAAWABiBWVuLVVT&cd=IOAyy9Uz7tM&usg=AFQjCNFn89L6KxaFT_bkz7CkHSFWKVUtXQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://timesofindia.indiatimes.com/City/Ranchi/Palamu-Tiger-Reserve-has-potential-for-bird-tourism/articleshow/19845682.cms&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com1tag:blogger.com,1999:blog-1284816925263509141.post-4271947350936772442013-05-03T03:56:00.000-07:002013-07-27T03:03:56.197-07:00Air India Pilots Captain B K Soni and Capt Ravindra Nath put the lives of 166 passengers on a Bangkok-Delhi flight in danger by taking a 40-minute break <div dir="ltr" style="text-align: left;" trbidi="on">
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Air India Pilots Captain B K Soni and Capt Ravindra Nath put the lives of 166 passengers on a Bangkok-Delhi flight in danger by taking a 40-minute break </div>
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Two Air India Pilots put the lives of 166 passengers on a Bangkok-Delhi flight in danger by taking a 40-minute break from the cockpit and getting two stewardesses to operate the plane in their absence. Their stunt almost ended in disaster after one of the stewardesses accidentally turned off the auto-pilot, forcing the pilots to rush back to their seats.</div>
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The incident took place 33,000 feet in the air on Air India flight AI 133 (an Airbus 321) from Bangkok to Delhi on April 12, which took off from Bangkok on schedule, at 8.55 am.</div>
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Thirty minutes later, First Officer Ravindra Nath excused himself from the cockpit for a bathroom break and got airhostess J Bhatt to occupy his seat in his absense. "According to the guidelines it is a standard procedure to ensure the presence of second person in the cockpit so that if the pilot is not able to operate the aircraft for some reason, the other crew member in the cockpit can immediately call for the other pilot. But what actually happened after this made a mockery of air safety," said a a source in Air India, who did not wish to be named.</div>
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Minutes after his co-pilot left the cockpit, Captain B K Soni called another stewardess, Kanika Kala, and asked her to take his seat. Captain Soni did not leave the cockpit immediately; instead, he spent a few minutes teaching the two stewardesses how to operate the aircraft.</div>
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He left the cockpit after putting the plane on auto-pilot, leaving the stewardesses to operate the flight by themselves for the next 40 minutes while he and his co-pilot took a nap in business class.</div>
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Putting an aircraft on auto-pilot does not exempt pilots from remaining in the cockpit; their presence is required to monitor the flight's status and turn off auto-pilot if required. This was illustrated perfectly when Captain Soni and First Officer Nath were forced to rush back to their seats after one of the stewardesses accidentally switched off the auto-pilot, engangering the lives of everyone on board.</div>
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"A senior cabin crew member witnessed the entire drama unfold and brought the matter to the notice of the Airline's management. All four were derostered and later suspended for this violation," added the Air India source.</div>
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Director General Arun Mishra of the Directorate General of Civil Aviation (DGCA), confirmed that all four employees had been suspended. "Following a safety violation, the airline has already suspended the people in question. We are conducting a inquiry into the matter," Mishra told Mumbai Mirror.</div>
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Captain Mohan Ranganathan, member of a government-appointed aviation safety panel, blamed the 'lackadaisical attitude' of the DGCA for the increase in air safety violations. "The DGCA should be held responsible for the increase in such cases as they have failed time and again to effectively enforce safety guidelines," said Ranganathan.</div>
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K Swaminathan, deputy general manager (corporate communications), Air India, did not comment on the incident, saying, "Your query has been referred to the concerned department for comment. We will revert to you on receiving their reply."</div>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com1tag:blogger.com,1999:blog-1284816925263509141.post-55463014675536474282013-05-03T00:57:00.000-07:002013-05-03T00:57:26.246-07:00 Lenders have increased pressure on promoters of Kingfisher Airlines by initiating a move to invoke the corporate guarantee provided by United Breweries and the personal guarantee of Dr Vijay Mallya. <div dir="ltr" style="text-align: left;" trbidi="on">
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Kingfisher Airlines lenders may try ‘wilful defaulter’ tag if guarantee turns dud<br />
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Lenders have increased pressure on promoters of Kingfisher Airlines by initiating a move to invoke the corporate guarantee provided by United Breweries and the personal guarantee of Dr Vijay Mallya.<br />
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Lenders said that the next move would be to seek an inventory of assets of the guarantor. They have also raised the spectre of labeling the promoters as "wilful defaulters" if they refused to pay despite having the resources. Although lenders have sought to recall their loans KFA and promoters have been continuing to maintain that they are pursuing revival of the airline, including seeking strategic investors. Last week Etihad, the airline once seen as a suitor for Kingfisher, picked up stakes in Jet Airways.<br />
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According to disclosures made to Parliament, Vijay Mallya has provided banks with a personal guarantee of Rs 249 crore, while United Breweries gave a corporate guarantee of Rs 1,601 crore. Besides this the next biggest security is the Kingfisher brand which had been valued at Rs 4,111 crore by Grant Thornton.<br />
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"One way of recovery against personal guarantee from a recalcitrant promoter is the wilful defaulter list. Putting them on the list does a lot of damage because if they don't pay up all their future entrepreneurships become doubtful," said a banker.<br />
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However, experts on banking laws said that it is not easy to classify a borrower a wilful defaulter. "RBI norms require the party to be given a 15-day notice allowing him to make a representation why he should not be called a wilful defaulter. Banks also have to provide him with all supporting evidence to give him a chance to defend himself. He has to make his representation before a committee of the bank and the final decision is taken by another committee including bank chief," said a lawyer representing corporate against banks.<br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.financialexpress.com/news/kingfisher-airlines-lenders-set-to-file-sarfaesi-claim/1110966&ct=ga&cad=CAEQAhgAIAAoATAAOABAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNGpUWXUtbbhxT-fSl7c-tC9AW4MsA" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b> lenders set to file Sarfaesi claim - The Financial Express</a><br /><span><a href="" style="color: #777777;">Financial Express</a><br />The consortium of lenders to <b>Kingfisher Airlines</b> (KFA) will file a claim under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest (Sarfaesi) Act in a day or two. But it seems unlikely banks will be able to <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.financialexpress.com/news/kingfisher-airlines-lenders-set-to-file-sarfaesi-claim/1110966%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNHxy-NVA9kGNKWMx9LBxEtI2tOVog" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.financialexpress.com/news/kingfisher-airlines-lenders-set-to-file-sarfaesi-claim/1110966&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://timesofindia.indiatimes.com/Business/India-Business/Kingfisher-Airlines-lenders-may-try-wilful-defaulter-tag-if-guarantee-turns-dud/articleshow/19846152.cms&ct=ga&cad=CAEQAhgAIAAoATABOAFAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNEdAJvqpCRQhNZMGfx5ntGLaZpT9g" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b> lenders may try 'wilful defaulter' tag if guarantee turns dud</a><br /><span><a href="" style="color: #777777;">Times of India</a><br />Although lenders have sought to recall their loans KFA and promoters have been continuing to maintain that they are pursuing revival of the <b>airline</b>, including seeking strategic investors. Last week Etihad, the <b>airline</b> once seen as a suitor for <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://timesofindia.indiatimes.com/Business/India-Business/Kingfisher-Airlines-lenders-may-try-wilful-defaulter-tag-if-guarantee-turns-dud/articleshow/19846152.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNFxk1VLl1-S_WSgSIaeTpjqYpBBOQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://timesofindia.indiatimes.com/Business/India-Business/Kingfisher-Airlines-lenders-may-try-wilful-defaulter-tag-if-guarantee-turns-dud/articleshow/19846152.cms&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/article/companies/kingfisher-lenders-invoke-mallya-s-personal-guarantees-113050200390_1.html&ct=ga&cad=CAEQAhgAIAAoATACOAJAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNGCXb2T-OVKa8hRce4a65Ar-R_D-A" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> lenders invoke Mallya's personal guarantees</a><br /><span><a href="" style="color: #777777;">Business Standard</a><br />Stepping up their drive to recover dues from the ailing <b>Kingfisher Airlines</b> (KFA), lenders to the airline on Thursday invoked personal guarantees issued by Vijay Mallya, the promoter of the airline. According to a senior public sector bank executive <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.business-standard.com/article/companies/kingfisher-lenders-invoke-mallya-s-personal-guarantees-113050200390_1.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNEpRrl_5PyPsFcY1ko0KSbK4iV76w" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.business-standard.com/article/companies/kingfisher-lenders-invoke-mallya-s-personal-guarantees-113050200390_1.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/article/companies/kingfisher-lenders-invoke-mallya-s-personal-guarantees-113050200390_1.html&ct=ga&cad=CAEQAhgAIAAoAjACOAJAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNGCXb2T-OVKa8hRce4a65Ar-R_D-A" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="60" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/article/companies/kingfisher-lenders-invoke-mallya-s-personal-guarantees-113050200390_1.html&ct=ga&cad=CAEQAhgAIAAoAzACOAJAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNGCXb2T-OVKa8hRce4a65Ar-R_D-A" style="color: #1155cc;" target="_blank">Business Standard</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.nagalandpost.com/ChannelNews/Business/Businessnews.aspx%3Fnews%3DTkVXUzEwMDAzNzAwMw%253D%253D-US9rbj1JM7w%253D&ct=ga&cad=CAEQAhgAIAAoATADOANAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNHjPp5BNvK7RsfZqPCYyvoRjFwNPA" style="color: #1111cc;" target="_blank">DGCA rejects <b>Kingfisher's</b> revival plan: Report</a><br /><span><a href="" style="color: #777777;">Nagaland Post</a><br />Beleaguered <b>Kingfisher Airlines</b>' (KFA) dream to fly does not seem to be converting into reality before long. The Directorate General of Civil Aviation (DGCA) has reportedly refused KFA's revival plan which the company had sought last month. A private <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.nagalandpost.com/ChannelNews/Business/Businessnews.aspx%253Fnews%253DTkVXUzEwMDAzNzAwMw%25253D%25253D-US9rbj1JM7w%25253D%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNEauAUl13ikpKCM9W7vlfsWVwl1Yw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.nagalandpost.com/ChannelNews/Business/Businessnews.aspx%3Fnews%3DTkVXUzEwMDAzNzAwMw%253D%253D-US9rbj1JM7w%253D&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.travelbizmonitor.com/dgca-rejects-kinfisher-airlines-revival-plan-20228&ct=ga&cad=CAEQAhgAIAAoATAEOARAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNGIElho4h5_WhfaQ8O_hKxdrEoBYw" style="color: #1111cc;" target="_blank">DGCA rejects Kinfisher <b>Airlines</b>' revival plan</a><br /><span><a href="" style="color: #777777;">TravelBizMonitor</a><br />The Directorate General of Civil Aviation (DGCA) has rejected <b>Kingfisher Airlines</b> Ltd's (KFA) revival plan that it had submitted to the aviation regulator this month, as per an NDTV report. Kingfisher had requested renewal of its operating permit with <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.travelbizmonitor.com/dgca-rejects-kinfisher-airlines-revival-plan-20228%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNE2h0n90PNo-jd_yFMHEl2ioDQ3pw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.travelbizmonitor.com/dgca-rejects-kinfisher-airlines-revival-plan-20228&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.arabiansupplychain.com/article-8669-qatar-air-arabia-interested-in-indian-airlines/&ct=ga&cad=CAEQAhgAIAAoATAFOAVAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNFZ3RzZtiR3ovqkKJkdRJQNOw9OsA" style="color: #1111cc;" target="_blank">Qatar, Air Arabia interested in Indian <b>airlines</b></a><br /><span><a href="" style="color: #777777;">Arabian Supply Chain</a><br />Meanwhile grounded <b>Kingfisher Airlines</b> has also vied for Qatar's investment. Air Arabia is looking at tying up with an Indian partner for investing in a start-up like AirAsia India JV between the Malaysian budget carrier and the Tata Group. "The fight <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.arabiansupplychain.com/article-8669-qatar-air-arabia-interested-in-indian-airlines/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNF7vkGZKzb9Es4rh95m9Jd8aNlRNA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.arabiansupplychain.com/article-8669-qatar-air-arabia-interested-in-indian-airlines/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/cnbc-tv18-comments/banks-to-invoke-personal-guaranteemallya-for-kfa-loans_863692.html&ct=ga&cad=CAEQAhgAIAAoATAGOAZAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNFSxr8v9rS41EgkXXfyWTC_z_ltsQ" style="color: #1111cc;" target="_blank">Banks to invoke personal guarantee of Mallya for KFA loans</a><br /><span><a href="" style="color: #777777;">Moneycontrol.com</a><br />After the sale of pledged shares, lenders have now invoked the guarantees provided by <b>Kingfisher Airlines</b> which consists of a personal guarantee of Vijay Mallya and the corporate guarantee of UB Holdings , reports CNBC-TV18's Gopika Gopakumar.<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.moneycontrol.com/news/cnbc-tv18-comments/banks-to-invoke-personal-guaranteemallya-for-kfa-loans_863692.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNE6_05LUscsDKNxkKoSIQ9X7c-u0Q" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.moneycontrol.com/news/cnbc-tv18-comments/banks-to-invoke-personal-guaranteemallya-for-kfa-loans_863692.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.firstpost.com/business/show-me-the-money-banks-invoke-mallyas-personal-guarantees-745929.html&ct=ga&cad=CAEQAhgAIAAoATAHOAdAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNGblt7M9koJcIBYoxAUuJR72C7ruw" style="color: #1111cc;" target="_blank">Show me the money: Banks invoke Mallya's personal guarantees</a><br /><span><a href="" style="color: #777777;">Firstpost</a><br />The banks, which have already begun selling the pledged shares of United Spirits and <b>Kingfisher Airlines</b>, will now start disposing of the properties of the carrier, including the office spaces in Mumbai and an asset in Goa. Sarfaesi (Securitisation and <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.firstpost.com/business/show-me-the-money-banks-invoke-mallyas-personal-guarantees-745929.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNED_yHQhakyg4-LR4E8U24vSR7FdQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.firstpost.com/business/show-me-the-money-banks-invoke-mallyas-personal-guarantees-745929.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/business/fm-assures-to-redress-kfa-staff-salary-issues-sources_863092.html&ct=ga&cad=CAEQAhgAIAAoATAIOAhAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNHtPuXcx_181H2f1xmhwfbIcO7IpQ" style="color: #1111cc;" target="_blank">FM assures to redress KFA staff salary issues: Sources</a><br /><span><a href="" style="color: #777777;">Moneycontrol.com</a><br />Salary--related issues just don't seem to end at <b>Kingfisher Airlines</b>. The carrier which is struggling hard to take to the skies will have to face the wrath of its employees who have not been paid salaries for around ten months now. According to<b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.moneycontrol.com/news/business/fm-assures-to-redress-kfa-staff-salary-issues-sources_863092.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAIOAhAqaqNjAVIAVAAWABiBWVuLVVT&cd=lfaxF83hjtI&usg=AFQjCNHVtDvFiF1ydySC4yD8pEtB65cKww" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.moneycontrol.com/news/business/fm-assures-to-redress-kfa-staff-salary-issues-sources_863092.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-5477456083464064772013-04-22T01:57:00.001-07:002013-04-22T01:57:24.383-07:00v Recession - hit Greece faces Fertility Crisis<div dir="ltr" style="text-align: left;" trbidi="on">
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In a nursery of a private maternity hospital in Athens, three mothers feed their newborns while another three babies nap nearby.<br />
The room has only a few cots, and yet a number lie empty.<br />
Sunk in recession for the past six years and struggling to steer its economy through painful austerity cuts, Greece now faces a fertility crisis as well.<br />
“Benefits have been cut, the cost of living has risen, wages are down and there is great uncertainty,” says Leonidas Papadopoulos, managing director of the Leto hospital and a veteran obstetrician.<br />
“Couples think twice nowadays, not only for a second child but even for their first… It looks like there will be 10,000 fewer births next year,” he adds, citing estimates drawn from state and private studies.<br />
According to state statistics agency Elstat, the fertility rate in Greece has fallen from 2.33 children per woman in 1975 to 1.4 in 2011.<br />
The replacement rate, the number of births at which the population remains stable, is 2.07 children.<br />
Papadopoulos also cites a recent study by the University of Athens that found that the rate of miscarriages has doubled to four percent in the last two years.<br />
And births have gone from 118,000 in 2008 to 101,000 last year, he notes.<br />
“At this rate, Greece will be much smaller in a few years,” Papadopoulos says.<br />
The European Union fertility leader is Ireland with 2.05 births in 2012, followed by France with 2.01 children.<br />
In one of its projected scenarios, Elstat sees the population of Greece dropping to 9.7 million in 2050 from 11.29 million in 2012.<br />
A jobless rate of over 27 percent—and over 30 percent among women—compounds the difficulty facing couples today.<br />
“Policies to protect maternity are easier to apply in good (economic) periods,” says a high-ranking state welfare official who declined to be named.<br />
“In the private sector, mothers very frequently do not make use of their rights because unemployment is very high,” the official added.<br />
In Greece’s more easy-going civil service, staff can take up to 14 months in fully paid maternity leave—and have been known to obtain extra time for difficult pregnancies.<br />
In the private sector, mothers can on paper claim up to 15 months of non-consecutive maternity leave—four of them unpaid—not including holidays.<br />
In reality, however, employees rarely push to obtain full maternity leave for fear of losing their job, officials note.<br />
The Greek ombudsman’s office highlights the problem in its latest report for 2012.<br />
“Women who are pregnant or just back from maternity leave, run higher risks of…unemployment and precarious employment,” the report said.<br />
“In many cases they accept a violation of their labor rights to avoid losing their job,” it noted, adding that having children was also likely to adversely affect a woman’s pay and career prospects within a company.<br />
“We even have extreme examples of couples who have been trying to have a child for years, undergo costly treatment and then want to have an abortion because the husband just lost his job,” Papadopoulos said.<br />
– The ‘money is so little that it cannot even cover bread and milk for the children’ –<br />
Paradoxically, the axe has fallen the hardest on large families.<br />
Until last year, mothers could claim a lump sum of 2,000 euros ($2,618) upon the birth of their third child, and the same amount for each child thereafter.<br />
Then there were additional child support benefits of up to 4,700 euros a year, depending on income and the number of children, which were accessible to even moderately wealthy families.<br />
These were eliminated in 2012 and replaced with a new, means-tested system.<br />
From January 1, families are theoretically eligible for child support benefits of up to 5,880 euros — but they would need to have six children and be on the verge of starvation to claim it.<br />
Spain is a similar example of a once-generous welfare gone for good — a 2,500-euro handout per baby was eliminated in 2011.<br />
In Germany, parents receive 184 euros per month for their first two children. For the third child, the state pays 190 euros and for additional children 215 euros.<br />
In Greece, even for couples who are not in dire straits, supporting a large family is tough.<br />
“We cannot meet the needs of our three children and our parents are having to contribute from their pensions,” says Georgia Kitsaki, an unemployed hotel worker from Thessaloniki.<br />
Georgia and her husband Nikos, who is also unemployed after a labour accident, received a monthly jobless benefit of 470 euros until December, and child benefit of 276 euros. The latter has since been suspended.<br />
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://business.inquirer.net/117919/recession-hit-greece-faces-fertility-crisis&ct=ga&cad=CAEQAhgAIAAoATAAOABA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNHFeG3RtKqZCPGdQtFm3-Z9vLymSg" style="color: #1111cc;" target="_blank"><b>Recession</b>-hit Greece faces fertility crisis</a><br /><span><a href="" style="color: #777777;">Inquirer.net</a><br />Pedestrians walk by a homeless man in Thessaloniki, Greece, Sunday, April 21. 2013. Sunk in <b>recession</b> for the past six years and struggling to steer its economy through painful austerity cuts, Greece now faces a fertility crisis as well. AP PHOTO <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://business.inquirer.net/117919/recession-hit-greece-faces-fertility-crisis%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNFGhtLXpqufZNAzxCBZnL_wrAsjDw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://business.inquirer.net/117919/recession-hit-greece-faces-fertility-crisis&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://business.inquirer.net/117919/recession-hit-greece-faces-fertility-crisis&ct=ga&cad=CAEQAhgAIAAoAjAAOABA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNHFeG3RtKqZCPGdQtFm3-Z9vLymSg" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="68" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://business.inquirer.net/117919/recession-hit-greece-faces-fertility-crisis&ct=ga&cad=CAEQAhgAIAAoAzAAOABA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNHFeG3RtKqZCPGdQtFm3-Z9vLymSg" style="color: #1155cc;" target="_blank">Inquirer.net</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.manchestereveningnews.co.uk/business/business-news/britain-set-to-avoid-recession-2983998&ct=ga&cad=CAEQAhgAIAAoATABOAFA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNFfBEEGi7-bfOoPgef-ZM-7k4twzg" style="color: #1111cc;" target="_blank">Britain 'set to avoid <b>recession</b>'</a><br /><span><a href="" style="color: #777777;">Manchester Evening News</a><br />Most analysts are predicting that gross domestic product (GDP) edged up by 0.1 per cent in the first three months of the year, which would mean the economy avoided returning to <b>recession</b> for the third time since 2008 after a 0.3 per cent slump in <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.manchestereveningnews.co.uk/business/business-news/britain-set-to-avoid-recession-2983998%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNGUX2vBf0b9wRnaRZAlXaOAoB9I3w" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.manchestereveningnews.co.uk/business/business-news/britain-set-to-avoid-recession-2983998&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.manchestereveningnews.co.uk/business/business-news/britain-set-to-avoid-recession-2983998&ct=ga&cad=CAEQAhgAIAAoAjABOAFA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNFfBEEGi7-bfOoPgef-ZM-7k4twzg" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="53" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.manchestereveningnews.co.uk/business/business-news/britain-set-to-avoid-recession-2983998&ct=ga&cad=CAEQAhgAIAAoAzABOAFA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNFfBEEGi7-bfOoPgef-ZM-7k4twzg" style="color: #1155cc;" target="_blank">Manchester Evening News</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.ft.com/cms/s/0/8e25a694-a91a-11e2-a096-00144feabdc0.html&ct=ga&cad=CAEQAhgAIAAoATACOAJA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNFA9w6WfKeed5fJS7WfuoxKaGhAxA" style="color: #1111cc;" target="_blank">Wesleyan benefits from <b>recession</b></a><br /><span><a href="" style="color: #777777;">Financial Times</a><br />Wesleyan Assurance Society, a specialist financial services company used by doctors and other professionals, has emerged as one of the beneficiaries of the <b>recession</b>. Amid growing worries about the impact of government reforms on pensions and other <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.ft.com/cms/s/0/8e25a694-a91a-11e2-a096-00144feabdc0.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNH9UtQWJDTx1_Pm6mi099ia8vqdug" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.ft.com/cms/s/0/8e25a694-a91a-11e2-a096-00144feabdc0.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.jconline.com/article/20130421/NEWS/304210024/Recession-teens-show-lower-financial-expectations&ct=ga&cad=CAEQAhgAIAAoATADOANA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNFfU4dMHhpSL29fO7zxBm9hWgJ7xA" style="color: #1111cc;" target="_blank"><b>Recession</b> teens show lower financial expectations</a><br /><span><a href="" style="color: #777777;">Journal and Courier</a><br />At 18, Mandi Cox can't afford to not think about what she can afford. The Lafayette Jefferson High School senior is one of millions of American teens who grew up during the Great <b>Recession</b> — and whose financial outlook on life has been shaped by it.<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.jconline.com/article/20130421/NEWS/304210024/Recession-teens-show-lower-financial-expectations%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNGRXd_IeOLeZ7-u0LDmnTzEz4pRIg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.jconline.com/article/20130421/NEWS/304210024/Recession-teens-show-lower-financial-expectations&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.nytimes.com/2013/04/22/nyregion/city-report-shows-a-growing-number-are-near-poverty.html&ct=ga&cad=CAEQAhgAIAAoATAEOARA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNErsjZ9OH-qhNKqb7CWLYugq_t4dg" style="color: #1111cc;" target="_blank">City Report Shows More Were Near Poverty in 2011</a><br /><span><a href="" style="color: #777777;">New York Times</a><br />The rise in New York City's poverty rate as a result of the <b>recession</b> has apparently eased, but not before pushing nearly half of the city's population into the ranks of the poor or near-poor in 2011, according to an analysis by the Bloomberg <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.nytimes.com/2013/04/22/nyregion/city-report-shows-a-growing-number-are-near-poverty.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNHJfRf5Wr2bdL1hue3W74RDiuOvLQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.nytimes.com/2013/04/22/nyregion/city-report-shows-a-growing-number-are-near-poverty.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.delawareonline.com/article/20130422/BUSINESS08/304220041/Family-ties-help-some-businesses-weather-recession&ct=ga&cad=CAEQAhgAIAAoATAFOAVA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNHE0Hm_mXCrkTB37CHRz238Ua7X7Q" style="color: #1111cc;" target="_blank">Family ties help some businesses weather <b>recession</b></a><br /><span><a href="" style="color: #777777;">The News Journal</a><br />Jim Chico talks about the new tough screen vending machines they are building at The Wittern Group plant in Des Moines, Iowa on April 16. The family-owned company struggled during the <b>recession</b>like many businesses, but through the use of new <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.delawareonline.com/article/20130422/BUSINESS08/304220041/Family-ties-help-some-businesses-weather-recession%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNGhL2391AJ2UUpUkY4GOylz3PE0Xg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.delawareonline.com/article/20130422/BUSINESS08/304220041/Family-ties-help-some-businesses-weather-recession&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.columbiamissourian.com/a/159438/moving-past-recession-developer-fred-overton-puts-subdivisions-on-the-map/&ct=ga&cad=CAEQAhgAIAAoATAGOAZA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNEigoRAocrCnT44NJdROCGeDGUZ6w" style="color: #1111cc;" target="_blank">Moving past <b>recession</b>, developer Fred Overton puts subdivisions on the map</a><br /><span><a href="" style="color: #777777;">Columbia Missourian</a><br />Developer Fred Overton uses heavy-duty equipment to scoop snow for his residents at Wyndham Ridge Subdivision on March 7. Whether it's moving snow, shoveling dirt or building relationships with the residents, Overton has a different task each day. "It <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.columbiamissourian.com/a/159438/moving-past-recession-developer-fred-overton-puts-subdivisions-on-the-map/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNHvbUhjWhYQx6HAkDeStqP395Si5Q" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.columbiamissourian.com/a/159438/moving-past-recession-developer-fred-overton-puts-subdivisions-on-the-map/&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.columbiamissourian.com/a/159438/moving-past-recession-developer-fred-overton-puts-subdivisions-on-the-map/&ct=ga&cad=CAEQAhgAIAAoAjAGOAZA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNEigoRAocrCnT44NJdROCGeDGUZ6w" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="58" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.columbiamissourian.com/a/159438/moving-past-recession-developer-fred-overton-puts-subdivisions-on-the-map/&ct=ga&cad=CAEQAhgAIAAoAzAGOAZA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNEigoRAocrCnT44NJdROCGeDGUZ6w" style="color: #1155cc;" target="_blank">Columbia Missourian</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.huffingtonpost.co.uk/2013/04/21/triple-dip-recession-avoid-carney_n_3126128.html%3Futm_hp_ref%3Duk&ct=ga&cad=CAEQAhgAIAAoATAHOAdA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNFi4aUXDlynb5X-53hf7SLrWWRexA" style="color: #1111cc;" target="_blank">UK May Avoid Triple Dip <b>Recession</b>,</a><br /><span><a href="" style="color: #777777;">Huffington Post UK</a><br />Excuse me for not following it any more, about 6 months ago they were talking that we were in our third dip (not that the 1st or 3rd makes any difference) now we may avoid it?, how is that possible? 1st, 2nd,or 3rd dip, isn't it just called a <b>recession</b> <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.huffingtonpost.co.uk/2013/04/21/triple-dip-recession-avoid-carney_n_3126128.html%253Futm_hp_ref%253Duk%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNHs9TyW8lQc58QB62NyUW4cTgpNHw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.huffingtonpost.co.uk/2013/04/21/triple-dip-recession-avoid-carney_n_3126128.html%3Futm_hp_ref%3Duk&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.dailymail.co.uk/news/article-2312447/Osborne-triple-dip-threat-Tories-urged-adopt-Thatcher-legacy-tax-cut-Darling-attacks-austerity-plan.html%3Fito%3Dfeeds-newsxml&ct=ga&cad=CAEQAhgAIAAoATAIOAhA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNEWddpjeMJ3bBT6CpKXt5UfDYLAUA" style="color: #1111cc;" target="_blank">Osborne under fire over triple-dip threat as Tories urged to adopt Thatcher <b>...</b></a><br /><span><a href="" style="color: #777777;">Daily Mail</a><br />Britain's latest GDP figures are set to be announced on Thursday, and many experts predict that they will confirm the country has slipped into <b>recession</b> for the third time since the global financial crisis. The average forecast is just 0.1 per cent <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.dailymail.co.uk/news/article-2312447/Osborne-triple-dip-threat-Tories-urged-adopt-Thatcher-legacy-tax-cut-Darling-attacks-austerity-plan.html%253Fito%253Dfeeds-newsxml%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAIOAhA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNHWR0mVZWfXoJgY_Sa_6xnvUmc_Uw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.dailymail.co.uk/news/article-2312447/Osborne-triple-dip-threat-Tories-urged-adopt-Thatcher-legacy-tax-cut-Darling-attacks-austerity-plan.html%3Fito%3Dfeeds-newsxml&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.dailymail.co.uk/news/article-2312447/Osborne-triple-dip-threat-Tories-urged-adopt-Thatcher-legacy-tax-cut-Darling-attacks-austerity-plan.html%3Fito%3Dfeeds-newsxml&ct=ga&cad=CAEQAhgAIAAoAjAIOAhA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNEWddpjeMJ3bBT6CpKXt5UfDYLAUA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="80" width="54" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.dailymail.co.uk/news/article-2312447/Osborne-triple-dip-threat-Tories-urged-adopt-Thatcher-legacy-tax-cut-Darling-attacks-austerity-plan.html%3Fito%3Dfeeds-newsxml&ct=ga&cad=CAEQAhgAIAAoAzAIOAhA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNEWddpjeMJ3bBT6CpKXt5UfDYLAUA" style="color: #1155cc;" target="_blank">Daily Mail</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.expressandstar.com/business/city-news/2013/04/21/britain-set-to-avoid-recession/&ct=ga&cad=CAEQAhgAIAAoATAJOAlA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNGWAeY2vIC5BnSJy4qDvjE6vefZuA" style="color: #1111cc;" target="_blank">Figures to show state of economy</a><br /><span><a href="" style="color: #777777;">expressandstar.com</a><br />Crucial economic figures will this week reveal if the UK managed to dodge a triple dip <b>recession</b>amid mounting warnings over the strength of the recovery and the latest downgrade blow. N0343491366540603394A Bank of England governor Mark Carney <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.expressandstar.com/business/city-news/2013/04/21/britain-set-to-avoid-recession/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAJOAlA-73TiwVIAVAAWABiBWVuLVVT&cd=ECWACP8sLI0&usg=AFQjCNFnwpGKg037lMaYZrq31S6l8MdhbA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.expressandstar.com/business/city-news/2013/04/21/britain-set-to-avoid-recession/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com1tag:blogger.com,1999:blog-1284816925263509141.post-58292567732935950642013-04-22T01:48:00.000-07:002013-04-22T01:48:38.477-07:00Texas explosion: 'He was a cowboy and he died with his boots on'<div dir="ltr" style="text-align: left;" trbidi="on">
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.latimes.com/news/nation/nationnow/la-na-nn-texas-explosion-cowboy-died-with-boots-on-20130420,0,3195579.story&ct=ga&cad=CAEQAhgAIAAoATAAOABA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNHekgxBkKt0RE5DrAlaQ0vtTuaoXA" style="color: #1111cc;" target="_blank">Texas explosion: 'He was a <b>cowboy</b> and he died with his boots on'</a><br /><span><a href="" style="color: #777777;">Los Angeles Times</a><br />“He was a <b>cowboy</b> and he died with his boots on.” The Uptmor family is a large clan within the tight-knit community of West (where some spell their last name with an “e” at the end). Buck Uptmor, 45, made a living posting barbed-wire cattle fences and <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.latimes.com/news/nation/nationnow/la-na-nn-texas-explosion-cowboy-died-with-boots-on-20130420,0,3195579.story%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNFN-stg0MZpNEn5xLoCh5vUCTb4Sg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.latimes.com/news/nation/nationnow/la-na-nn-texas-explosion-cowboy-died-with-boots-on-20130420,0,3195579.story&hl=en&geo=us">See all stories on this topic »</a><br /><br /></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://blog.pe.com/san-jacinto/2013/04/20/san-jacinto-put-on-that-cowboy-hat/&ct=ga&cad=CAEQAhgAIAAoATABOAFA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNEL0A1zEvZQ8XDeO6qgRDzJ408y6A" style="color: #1111cc;" target="_blank">SAN JACINTO: Put on that <b>cowboy</b> hat</a><br /><span><a href="" style="color: #777777;">Press-Enterprise (blog)</a><br />San Jacinto Councilwoman Crystal Ruiz, second from left, is going to Santa Clarita's<b>Cowboy</b> Festival at Melody Ranch Movie Studio on Sunday, April 21,to learn more about how that region has attracted film production business. The council gets into the<b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://blog.pe.com/san-jacinto/2013/04/20/san-jacinto-put-on-that-cowboy-hat/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNEy6WsGgY3vWDVPurOc0e0mapvRnA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://blog.pe.com/san-jacinto/2013/04/20/san-jacinto-put-on-that-cowboy-hat/&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://blog.pe.com/san-jacinto/2013/04/20/san-jacinto-put-on-that-cowboy-hat/&ct=ga&cad=CAEQAhgAIAAoAjABOAFA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNEL0A1zEvZQ8XDeO6qgRDzJ408y6A" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="53" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://blog.pe.com/san-jacinto/2013/04/20/san-jacinto-put-on-that-cowboy-hat/&ct=ga&cad=CAEQAhgAIAAoAzABOAFA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNEL0A1zEvZQ8XDeO6qgRDzJ408y6A" style="color: #1155cc;" target="_blank">Press-Enterprise (blog)</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://blog.newsok.com/bamsblog/2013/04/20/lou-diamond-phillips-and-wyatt-mccrea-to-co-host-western-heritage-awards-tonight-at-national-cowboy-museum/&ct=ga&cad=CAEQAhgAIAAoATACOAJA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNGNs5G1UUM9K_KfJRFWh3dlF2mqbA" style="color: #1111cc;" target="_blank">Lou Diamond Phillips and Wyatt McCrea to co-host Western Heritage Awards <b>...</b></a><br /><span><a href="" style="color: #777777;">NewsOK.com (blog)</a><br />With spring comes the excitement of celebrities, writers, Western musicians, directors, producers, actors and photographers who travel to Oklahoma City to accept the prestigious “Wrangler Award” at the National <b>Cowboy</b> & Western Heritage Museum's annual <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://blog.newsok.com/bamsblog/2013/04/20/lou-diamond-phillips-and-wyatt-mccrea-to-co-host-western-heritage-awards-tonight-at-national-cowboy-museum/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNH5qIS-NiOZWfxJj1Q0dEFffgg9Kw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://blog.newsok.com/bamsblog/2013/04/20/lou-diamond-phillips-and-wyatt-mccrea-to-co-host-western-heritage-awards-tonight-at-national-cowboy-museum/&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://blog.newsok.com/bamsblog/2013/04/20/lou-diamond-phillips-and-wyatt-mccrea-to-co-host-western-heritage-awards-tonight-at-national-cowboy-museum/&ct=ga&cad=CAEQAhgAIAAoAjACOAJA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNGNs5G1UUM9K_KfJRFWh3dlF2mqbA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="80" width="57" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://blog.newsok.com/bamsblog/2013/04/20/lou-diamond-phillips-and-wyatt-mccrea-to-co-host-western-heritage-awards-tonight-at-national-cowboy-museum/&ct=ga&cad=CAEQAhgAIAAoAzACOAJA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNGNs5G1UUM9K_KfJRFWh3dlF2mqbA" style="color: #1155cc;" target="_blank">NewsOK.com (blog)</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.redbluffdailynews.com/ci_23069504/cowboy-golf-tournament-held-at-wilcox-oaks&ct=ga&cad=CAEQAhgAIAAoATADOANA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNEYCeSj6xP4j1d9L-cEeKblzEOpAw" style="color: #1111cc;" target="_blank"><b>Cowboy</b> Golf Tournament held at Wilcox Oaks</a><br /><span><a href="" style="color: #777777;">Red Bluff Daily News</a><br />Pictured is the winning team of the <b>Cowboy</b> Golf Tournament Friday at Wilcox Oaks Golf Club, Jimmy Bennit, Mike Cox, Matt Holmberg and Billy Rickett. Also pictured, right, is Red Bluff-Tehama County Chamber of Commerce CEO Dave Gowen. ( Courtesy <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.redbluffdailynews.com/ci_23069504/cowboy-golf-tournament-held-at-wilcox-oaks%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNF_n26TyU9kC-nY4_528TSwT-BaWQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.redbluffdailynews.com/ci_23069504/cowboy-golf-tournament-held-at-wilcox-oaks&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.southlaketimes.com/articles/2013/04/20/sports_update/4938.txt&ct=ga&cad=CAEQAhgAIAAoATAEOARA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNFiIXBBADkMplKaPOurlRtQlgV7gw" style="color: #1111cc;" target="_blank">It feels good to be a <b>Cowboy</b>: Coppell wins state title in thrilling fashion</a><br /><span><a href="" style="color: #777777;">Southlake Times</a><br />The junior gave the <b>Cowboys</b> life netting the equalizer with a right-footed rocket into the upper-right corner on a free kick with 3:32 remaining in regulation. With 54 seconds remaining in the second overtime, he provided the game-winner, this time <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.southlaketimes.com/articles/2013/04/20/sports_update/4938.txt%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNFBnfcHthAM36elG5POXtwdQ6QmFQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.southlaketimes.com/articles/2013/04/20/sports_update/4938.txt&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.signalscv.com/section/36/article/94340/&ct=ga&cad=CAEQAhgAIAAoATAFOAVA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNEaI3rBusuXntBo29fcUHvHFSnMYQ" style="color: #1111cc;" target="_blank">Annual <b>Cowboy</b> Festival appeals to all senses - The Signal</a><br /><span><a href="" style="color: #777777;">Santa Clarita Valley Signal</a><br />The Melody Ranch Motion Picture Studio is no stranger to crowds of people decked out in boots, spurs or Stetson hats, but plenty of new faces turned out at the studio Saturday to take part in the 20th annual Santa Clarita <b>Cowboy</b> Festival. First-time <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.signalscv.com/section/36/article/94340/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNGXMv23gDkcuOPCW-12aqU5ECUEdg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.signalscv.com/section/36/article/94340/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.elpasotimes.com/ci_23070709/letters-cowboy-up&ct=ga&cad=CAEQAhgAIAAoATAGOAZA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNErHeTf5VYLLDTwn3P4zqFnTK54Lw" style="color: #1111cc;" target="_blank">Letters: <b>Cowboy</b> up</a><br /><span><a href="" style="color: #777777;">El Paso Times</a><br />So, the mayor wants the city, (read that as the taxpayers), to pay "his" legal bills. This is particularly insulting since he went against the taxpayers' vote and brought this upon himself in the first place. He made a decision to ride "roughshod," as <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.elpasotimes.com/ci_23070709/letters-cowboy-up%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNFN5RxZU9OPVLCJe9SpZiG2WwwngQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.elpasotimes.com/ci_23070709/letters-cowboy-up&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.beaumontenterprise.com/news/article/Spindletop-goes-back-to-the-past-with-Cowboy-4450465.php&ct=ga&cad=CAEQAhgAIAAoATAHOAdA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNHfxm-tvf2IgGduVqbu-xBz_1BthA" style="color: #1111cc;" target="_blank">Spindletop goes back to the past with <b>Cowboy</b> Ruckus</a><br /><span><a href="" style="color: #777777;">Beaumont Enterprise</a><br />Port Neches resident Sylvia "Texas Flower" Butler walks the streets of Hamill Square during Gladys City's <b>Cowboy</b> Ruckus event on Saturday, April 20, 2013, at Spindletop Gladys City Boomtown in Beaumont. Photo taken: Randy Edwards/The Enterprise <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.beaumontenterprise.com/news/article/Spindletop-goes-back-to-the-past-with-Cowboy-4450465.php%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNFtyZPjshFmdKcinP_fxxWy1qk-xQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.beaumontenterprise.com/news/article/Spindletop-goes-back-to-the-past-with-Cowboy-4450465.php&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.wnd.com/2013/04/family-guy-boston-marathon-episode-yanked/%3Fcat_orig%3Ddiversions&ct=ga&cad=CAEQAhgAIAAoATAIOAhA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNHrAUUcCLtyehyQUXNNtQas_pQ4-A" style="color: #1111cc;" target="_blank">'Family Guy' Boston Marathon episode yanked</a><br /><span><a href="" style="color: #777777;">WND.com</a><br />(HOLLYWOOD REPORTER) — One of the more tasteless hoaxes making the rounds in the wake of the bombing at the Boston Marathon revolves around a recent episode of Fox's Family Guy. “Turban<b>Cowboy</b>,” which premiered in the U.S. on March 17, <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.wnd.com/2013/04/family-guy-boston-marathon-episode-yanked/%253Fcat_orig%253Ddiversions%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAIOAhA56nPiwVIAVAAWABiBWVuLVVT&cd=5eLx_2KiDz8&usg=AFQjCNE00QoBCe5YesHAK846iBNnIKT87w" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.wnd.com/2013/04/family-guy-boston-marathon-episode-yanked/%3Fcat_orig%3Ddiversions&hl=en&geo=us">See all stories on this topic »</a><br /><br /></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-56037558682252890142013-04-07T22:43:00.003-07:002013-04-07T22:43:59.127-07:00Opportunity for SMEs and new start ups like AeroSoft Corp to hire such talented Professionals from IIMs. .<div dir="ltr" style="text-align: left;" trbidi="on">
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Opportunity for SMEs and new start ups like AeroSoft Corp to hire such talented Professionals from IIMs. .<br />
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The Indian Institutes of Management, which sit at the top of the business education totem pole, can normally rely on the power of the IIM Brand to land their wards well-paying jobs year after year. But as this year's placement season looms, some are being forced to do the unthinkable not because of poor quality of Education but just because of Global Recession. more than 65% already got selected by top ventures only about 35% or less are waiting.<br />
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I personally visited IIM I on 31 March 2013 and spoke to 40 odd students there. from those 35% who are waiting, but even these students were seems to be much promising. It is an Opportunity for SMEs and new start ups like AeroSoft Corp to hire such talented Professionals.<br />
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I found all of them were very humble, down to earth and absolutely no IIM ego. But looking very promising and Productive for any SMEs and new start ups. Its a Win win in the time of Global Recession.<br />
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AeroSoft Welcomes following professionals from Indian Institute of Management Indore as Project Manager<br />
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Er Aishwarya S [ B E , PGDM IIM - I ]<br />
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Er Sushmita Lakra [ B Tech, PGDM IIM - I ]<br />
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Er Susmita will be working with AeroSoft Corp as a Project Manager. She belongs to the ‘City of Joy- Kolkata’ and loves eating delicious food. She is extremely hard working, goal oriented and passionate about everything she does, especially anything related to Information technology. She did her PGDM form IIM Indore in the year 2013 and has completed her B.Tech in IT from West Bengal University of Technology, Kolkata in the year 2011. Susmita has an experience in conducting both primary and secondary market research. She is adept at using analytical tools that would help Aerosoft Corp , streamline their operations and generate revenues faster. According to Ministry of Civil Aviation (Aranca Research), the passenger traffic for airlines has been growing since the new millennium due to the increase in disposable income and introduction of low cost aviation. Constant awareness is the pre requisite to drive growth in any industry. So, Susmita Lakra as the project manager at AeroSoft Corp aspires to facilitate the process of Information gathering to satiate the dynamic needs of consumerism and avid readers.<br />
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-27023937748025078372013-03-09T01:12:00.000-08:002013-03-09T01:12:39.546-08:00Kingfisher has checkmated Indian banks, who are eagerly waiting to recover Rs 7,000 crore from Dr Vijay Mallya’s cash-strapped Kingfisher Airlines Ltd <div dir="ltr" style="text-align: left;" trbidi="on">
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Kingfisher Airlines Ltd checkmates Indian banks<br />
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Kingfisher has checkmated Indian banks, who are eagerly waiting to recover Rs 7,000 crore from Dr Vijay Mallya’s cash-strapped Kingfisher Airlines Ltd and are not sure about how to recover the value of the collateral pledged with them. The way to recover it is even more difficult.<br />
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The banks have no clue and a sub-committee of top four bankers has appointed a legal counsel to look into the recovery operation. The worst affected is SBI with exposure of Rs 1,600 crore, Punjab National Bank with Rs 800 crore, Bank of India Rs 650 crore, IDBI Bank Rs 800 crore and Bank of Baroda Rs 550 crore. The collateral valuation was done three years when KF was flying.<br />
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The consortium of banks has Mallya’s real estate in Mumbai, in Goa and two helicopters, apart from the airline brand and United Spirits shares. With the helicopter not owned by him,only landed properties remain. To go for sale of securities, banks have to approach Securitisation and Reconstruction of Financial Assets and Enforcement of Securities (Sarfaesi) Act.<br />
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Even if Sarfaesi gives clearance, the offloading USL shares is not going to be simple. Once shares are offloaded in the market, the price may crash. Not more than 30% realisation from the collateral pledged will be realised.<br />
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Those bankers having brand as a collateral is finding brand as useless. Jet Airways has more or less finalized the deal with Etihad and bought off Kingfisher slots in India and abroad. On the wings is AirAsia –Tata JV after getting clearance from FIFB and waiting for DGCA clearance.<br />
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In this scenario Tiger Airways the Singapore airlines is now scouting for an Indian partner. AirAsia has said that it would introduce Rs 2000 fare for many destinations apart from Mumbai- Delhi route. This fare would be for advance booking only. The airlines banks on the mass bookings like for corporate meetings and weddings in India.<br />
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://ibnlive.in.com/news/sensex-up-100-points-in-opening-trade-kingfisher-up-5-per-cent/377370-7.html&ct=ga&cad=CAcQAhgAIAAoATAAOABA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNGWzN2Fm6ihneB3kpFpSUZEt-h9Iw" style="color: #1111cc;" target="_blank">Sensex up 100 points in opening trade; <b>Kingfisher</b> up 5 per cent</a><br /><span><a href="" style="color: #777777;">IBNLive</a><br />Mumbai: Key equity benchmarks opened on a positive note, buoyed by gains in US stocks and Chinese exports beating forecast underpinning investor risk sentiment. The dollar rose to a fresh three-and-a-half-year peak against the yen and nudging up Asian<b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://ibnlive.in.com/news/sensex-up-100-points-in-opening-trade-kingfisher-up-5-per-cent/377370-7.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAAOABA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNHuETT4kh5Q2EBMW-orKStlEuh-Tg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://ibnlive.in.com/news/sensex-up-100-points-in-opening-trade-kingfisher-up-5-per-cent/377370-7.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://ibnlive.in.com/news/sensex-up-100-points-in-opening-trade-kingfisher-up-5-per-cent/377370-7.html&ct=ga&cad=CAcQAhgAIAAoAjAAOABA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNGWzN2Fm6ihneB3kpFpSUZEt-h9Iw" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="53" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://ibnlive.in.com/news/sensex-up-100-points-in-opening-trade-kingfisher-up-5-per-cent/377370-7.html&ct=ga&cad=CAcQAhgAIAAoAzAAOABA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNGWzN2Fm6ihneB3kpFpSUZEt-h9Iw" style="color: #1155cc;" target="_blank">IBNLive</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.nst.com.my/red/property-news-nz-s-great-lake-taupo-s-kingfisher-project-over-55-worth-rm20-mil-sold-1.230446&ct=ga&cad=CAcQAhgAIAAoATABOAFA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNHhc6U7-p3mjXHpDzZ-qca2oQqPOw" style="color: #1111cc;" target="_blank">PROPERTY NEWS: NZ's Great Lake Taupo's <b>Kingfisher</b> Project – over 55 <b>...</b></a><br /><span><a href="" style="color: #777777;">New Straits Times</a><br />POPULAR: A project by leading New Zealand property developer Globe Holdings,<b>Kingfisher</b> at Great Lake Taupo is a premier waterfront residential development that not only provides investors a chance for attractive upside investment returns but also <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.nst.com.my/red/property-news-nz-s-great-lake-taupo-s-kingfisher-project-over-55-worth-rm20-mil-sold-1.230446%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjABOAFA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNEWWmVRry5-N8vGHqKmCv55dISqYg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.nst.com.my/red/property-news-nz-s-great-lake-taupo-s-kingfisher-project-over-55-worth-rm20-mil-sold-1.230446&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.nst.com.my/red/property-news-nz-s-great-lake-taupo-s-kingfisher-project-over-55-worth-rm20-mil-sold-1.230446&ct=ga&cad=CAcQAhgAIAAoAjABOAFA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNHhc6U7-p3mjXHpDzZ-qca2oQqPOw" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="55" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.nst.com.my/red/property-news-nz-s-great-lake-taupo-s-kingfisher-project-over-55-worth-rm20-mil-sold-1.230446&ct=ga&cad=CAcQAhgAIAAoAzABOAFA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNHhc6U7-p3mjXHpDzZ-qca2oQqPOw" style="color: #1155cc;" target="_blank">New Straits Times</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.apunkachoice.com/content/article/sid100013824-kingfisher_girl_angela_jonsson_shoots_for_indias_first_under_water_cover_shoot/&ct=ga&cad=CAcQAhgAIAAoATACOAJA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNFGc_TiXNeNwtxPzGQ3tfKe5aQsvg" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> girl Angela Jonsson shoots for India's first under water cover shoot!</a><br /><span><a href="" style="color: #777777;">Apun Ka Choice</a><br />Angela Jonsson became one of the hottest faces of the fashion world when she won the <b>Kingfisher</b>Calendar Girl hunt and made a splash posing in bikinis for the calendar's 2011 issue. Now after gracing half a dozen magazine covers, the young lassie has <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.apunkachoice.com/content/article/sid100013824-kingfisher_girl_angela_jonsson_shoots_for_indias_first_under_water_cover_shoot/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjACOAJA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNFROoIbitnwAaCuLXOiVl_pdokKtg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.apunkachoice.com/content/article/sid100013824-kingfisher_girl_angela_jonsson_shoots_for_indias_first_under_water_cover_shoot/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://truthdive.com/2013/03/07/kingfisher-checkmates-indian-banks.html&ct=ga&cad=CAcQAhgAIAAoATADOANA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNE4yA23ZWIn220uvVGDFn0SNA3wSQ" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> checkmates Indian banks</a><br /><span><a href="" style="color: #777777;">TruthDive</a><br />Mumbai, Mar 7 (TruthDive) : <b>Kingfisher</b> has checkmated Indian banks, who are eagerly waiting to recover Rs 7,000 crore from Vijay Mallya's cash-strapped Airlines and are not sure about how to recover the value of the collateral pledged with them. The <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://truthdive.com/2013/03/07/kingfisher-checkmates-indian-banks.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjADOANA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNHDCIjjkRDLzAeKBJpSdwZlQ2GwZg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://truthdive.com/2013/03/07/kingfisher-checkmates-indian-banks.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://zolmax.com/kingfisher-given-new-5-26-price-target-at-goldman-sachs-kgf/2946889/46889/&ct=ga&cad=CAcQAhgAIAAoATAEOARA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNHUW-KgqhVbI4y3n4z3ZOzEvmPcmQ" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> Given New $5.26 Price Target at Goldman Sachs (KGF)</a><br /><span><a href="" style="color: #777777;">Zolmax</a><br /><b>Kingfisher</b> (LON: KGF) had its target price boosted by Goldman Sachs from $5.11 (340 GBX) to $5.26 (350 GBX) in a report issued on Tuesday. They currently have a buy rating on the stock. A number of other analysts have also recently weighed in on KGF.<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://zolmax.com/kingfisher-given-new-5-26-price-target-at-goldman-sachs-kgf/2946889/46889/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAEOARA5JLmiQVIAVAAWABiBWVuLVVT&cd=Aam_zSR4TVQ&usg=AFQjCNGng6IgNvuolfrA-a7t49MsZ47wyg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://zolmax.com/kingfisher-given-new-5-26-price-target-at-goldman-sachs-kgf/2946889/46889/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-1891551022810295632013-02-20T21:57:00.003-08:002013-07-27T03:04:38.649-07:00Air India should appreciate this person. He is so proud of being a part of Air India. <div dir="ltr" style="text-align: left;" trbidi="on">
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This is so much awesome... Air India should appreciate this person. He is so proud of being a part of Air India. He knows current condition of it and he dont like to see Air India in Mess. What is top managment doing.<br />
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Please for god sake try to make Air India better than Sueing this person. Listen to him carefully, he is so fustrated to his condition but as a honest employee, he pledge to serve air india till end.<br />
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A Pilot goes thru lot of stress if made to sit at home ... this is for all my mates who r in similar condition ... Take it in healthy spirit, its<br />
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An Air India Pilot who made a rap video to complain about Poor Pay, ageing Female Flight Attendants and cancelled flights has found himself in hot water with his bosses.<br />
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The video, called Air India Rap, has become a viral hit since it was posted on You Tube last week clocking up 85,000 views to date.<br />
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The rap - which is laced with expletives - begins with the Pilot hearing his flight has been cancelled before a hip hop backing track starts.<br />
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It starts with a disclaimer which reads: "Dear friends and fellow Pilots, the following content is not meant to harm anyone's feelings for the company. I love Air India and am very thankful to ICPA for making every effort to get us out of the mess we are now in."<br />
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He goes on to canvas a number of issues with the airline including not being paid, working with older staff and the union not standing up for the Pilots.<br />
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"It has been more than five months since I haven't got paid. Time n time again and again I have been betrayed."<br />
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Later, he discusses some of his older colleagues.<br />
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"People work here for a lifetime they never retire. See old faces everyday gets ma ass on fire.<br />
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"How do I fly with woman in sixties, they call them air hostesses we call them aunties."<br />
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Later, he finishes the rap on a more conciliatory note, saying: "I work with Air India as you know. I love ma company, there is nowhere else I go."<br />
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The Pilot's bosses have been left unimpressed by the musical offering.<br />
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"He works for us, yes," G.P. Rao, a spokesman for the airline, told Agence France Presse.<br />
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"We are looking into the issue. The management will decide how to go about it," Rao said.<br />
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The Times of India quoted a senior Air India manager as branding the song "an immature act", and adding that the airline would examine the Pilot's record "before taking a final view" on whether to discipline him.<br />
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State-run Air India is the country's fourth-largest airline and has been plagued by crushing debts.<br />
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The airline had also suffered from the impact of rising fuel prices and fierce competition, AFP said.<br />
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Last year Pilots at the airline staged a two-month strike.<br />
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<span style="color: #333333; font-family: Arial, Helvetica, sans-serif; font-size: 12px; line-height: 18px;">Published: July 13, 2013 </span></div>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com1tag:blogger.com,1999:blog-1284816925263509141.post-62788169623197577732013-02-19T03:19:00.000-08:002013-02-19T03:19:11.798-08:00 Dr Mallya surprises Kingfisher staff with month's salary, CEO meets DGCA<div dir="ltr" style="text-align: left;" trbidi="on">
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A week after its lenders decided to recover their dues, cash-strapped Kingfisher Airlines has started paying salaries to its employees apart from approaching the aviation regulator seeking licence renewal, sources said today.<br />
"Some of us have received salary dues. Those in the lowest package as well as some engineers and pilots have also got a month's salary dues," sources told .<br />
The airline has not been paying salary to its employees since May last year, while it had started delaying salaries much before the crisis broke out last October.<br />
The sources also said airline Chief Executive Sanjay Agarwal is in the capital to meet the Directorate General of Civil Aviation (DGCA) to make a fresh request to resume operations.<br />
However, both the developments could not be officially confirmed.<br />
Earlier in the day, Kingfisher shares rose as much as 5 per cent on the BSE, the maximum permissible limit on a day, after one of its promoters, United Breweries Holdings, hiked its loan limit for the ailing carrier to Rs 750 crore from Rs 300 crore.<br />
UB Holdings has sought approval from its shareholders to revise the lending limit for Kingfisher and to authorise its board of directors to take necessary actions in this regard, the company had said yesterday.<br />
Reacting to the development, shares of the company touched an intra-day high of Rs 10.53 on the BSE, higher by 5 per cent from its previous closing price at 1230 hours.<br />
"To accommodate further lending to Kingfisher if required, it is proposed to realign these limits further by increasing the lending limit to KFA from Rs 300 crore to Rs 750 crore and reducing the investment limit from Rs 1,200 crore to Rs 750 crore, thus maintaining the overall limit of Rs 1,500 crore..," UB Holdings said in a shareholders' notice.<br />
The revision was done to facilitate the conversion of loans given to Kingfisher into convertible/no-convertible securities, as required by the debt recast agreement between the airline and a consortium of its lenders.<br />
It can also be noted that last Tuesday, the lenders to the airline, which number as many as 17 banks which together had extended Rs 7,000 crore to the company, had resolved to recall their loans to the airline, which had been grounded since October one last, saying more than enough time was given to the management to revive the crippled airline.<br />
The lenders consortium leader State Bank, which has an outstanding dud loan of over Rs 1,700 crore, had said as a first step, lenders would monetise the collateral given to them from other group companies like Mangalore Fertilisers and the flagship United Spirits, in which 54 per cent has been sold to the British spirits major Diageo for around Rs 11,170 crore.<br />
However, the UB Group has denied that it had given USL shares as collaterals to the lenders as well as the brand Kingfisher, which also covers its beer business.<br />
The bankers are expecting to recover around Rs 1,000 crore from these securities before the end of this fiscal itself.<br />
Yesterday, SBI chairman P Chaudhuri had said in Chennai that he was hopeful of recovering a "good portion of his Rs 1,700 crore dues from the airline."<br />
"Of the total dues of Rs 7,000 crore... so far, the approach was to revive the airline. But now we have decided to realise the securities provided by the airline. Our endeavour is to recover the full amount," Choudhuri said.<br />
Noting that recovery of dues would be after completing a "complicated, long, legal battle", he said the bank has made provisions to collect Rs 1,650 crore of the Rs 1,700 crore through realisation of securities.<br />
The lenders also hope to take only a small haircut from the entire fiasco as they have collateral worth Rs 6,500 crore from group companies, excluding the brand Kingfisher, which in good times was valued at Rs 4,200 crore.<br />
The airline, launched in May 2005 as a gift to Vijay Mallya's son Siddharth on his 18th birthday has never made any profit and today has nearly Rs 18,000 crore which include bank loans, accumulated losses, salary arrears, vendors dues and tax dues among others.<br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://timesofindia.indiatimes.com/business/india-business/Mallya-surprises-Kingfisher-staff-with-months-salary-CEO-meets-DGCA-Sources/articleshow/18573940.cms&ct=ga&cad=CAcQAhgAIAAoATAAOABA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNE2wTqhVnKhjI4nj5uHiIgiNx_ukg" style="color: #1111cc;" target="_blank">Mallya surprises <b>Kingfisher</b> staff with month's salary, CEO meets DGCA: Sources</a><br /><span><a href="" style="color: #777777;">Times of India</a><br />MUMBAI: A week after its lenders decided to recover their dues, cash-strapped <b>Kingfisher</b> Airlines has started paying salaries to its employees apart from approaching the aviation regulator seeking licence renewal, sources said today. "Some of us have <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://timesofindia.indiatimes.com/business/india-business/Mallya-surprises-Kingfisher-staff-with-months-salary-CEO-meets-DGCA-Sources/articleshow/18573940.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAAOABA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNHWtuyAiDwkwm06QFAUjgBAtWwWig" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://timesofindia.indiatimes.com/business/india-business/Mallya-surprises-Kingfisher-staff-with-months-salary-CEO-meets-DGCA-Sources/articleshow/18573940.cms&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://in.reuters.com/article/2013/02/19/kingfisher-united-breweries-loan-idINDEE91I02Z20130219&ct=ga&cad=CAcQAhgAIAAoATABOAFA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNGLazZEHn0Qfkh0EsZT0Sl3gu1oNg" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> gains on United Breweries loan hopes</a><br /><span><a href="" style="color: #777777;">Reuters India</a><br />The statement came after lenders to <b>Kingfisher</b> said on February 12 that they would take initial steps towards recovering $1.4 billion of loans in default after the company failed to come up with a viable funding plan. UB Group, the parent of both <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://in.reuters.com/article/2013/02/19/kingfisher-united-breweries-loan-idINDEE91I02Z20130219%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjABOAFA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNErD8hZnezmSbmpuS0Oc2tXO91AHg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://in.reuters.com/article/2013/02/19/kingfisher-united-breweries-loan-idINDEE91I02Z20130219&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/banking/effort-is-not-to-restart-kingfisher-but-to-realise-securities-pratip-choudhuri/article4428616.ece%3Fhomepage%3Dtrue&ct=ga&cad=CAcQAhgAIAAoATACOAJA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNGDiIUU4EpbAZlnnkpNeSJ5YAy4XQ" style="color: #1111cc;" target="_blank">Effort is not to restart <b>Kingfisher</b> but to realise securities: Pratip Choudhuri</a><br /><span><a href="" style="color: #777777;">Hindu Business Line</a><br />“So far our approach was to try and help the airline to revive itself. But somehow company has not shown enough energy. So, this time the effort is not to restart but to realise securities,” says Pratip Choudhuri <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thehindubusinessline.com/industry-and-economy/banking/effort-is-not-to-restart-kingfisher-but-to-realise-securities-pratip-choudhuri/article4428616.ece%253Fhomepage%253Dtrue%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjACOAJA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNF8STTNiYsoSdIMIHzb06WmhhmsiA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thehindubusinessline.com/industry-and-economy/banking/effort-is-not-to-restart-kingfisher-but-to-realise-securities-pratip-choudhuri/article4428616.ece%3Fhomepage%3Dtrue&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/banking/effort-is-not-to-restart-kingfisher-but-to-realise-securities-pratip-choudhuri/article4428616.ece%3Fhomepage%3Dtrue&ct=ga&cad=CAcQAhgAIAAoAjACOAJA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNGDiIUU4EpbAZlnnkpNeSJ5YAy4XQ" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="80" width="57" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/banking/effort-is-not-to-restart-kingfisher-but-to-realise-securities-pratip-choudhuri/article4428616.ece%3Fhomepage%3Dtrue&ct=ga&cad=CAcQAhgAIAAoAzACOAJA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNGDiIUU4EpbAZlnnkpNeSJ5YAy4XQ" style="color: #1155cc;" target="_blank">Hindu Business Line</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://online.wsj.com/article/SB10001424127887323495104578311832508478900.html&ct=ga&cad=CAcQAhgAIAAoATADOANA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNGKAtP8M_asbkk46s-mK6fPxYeUEA" style="color: #1111cc;" target="_blank">United Breweries Seeks to Lend More to <b>Kingfisher</b></a><br /><span><a href="" style="color: #777777;">Wall Street Journal (India)</a><br />MUMBAI--United Breweries (Holdings) Ltd. has sought shareholders' approval to provide more loans to group company <b>Kingfisher</b> Airlines Ltd. even as the grounded carrier's lenders decided to recall all their loans. United Breweries, which owns shares in <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://online.wsj.com/article/SB10001424127887323495104578311832508478900.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjADOANA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNG8cpcXy_EiaUBJv5Rhlw5hHFPm4A" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://online.wsj.com/article/SB10001424127887323495104578311832508478900.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://timesofindia.indiatimes.com/business/india-business/UB-Group-hikes-loan-limit-for-Kingfisher/articleshow/18560073.cms&ct=ga&cad=CAcQAhgAIAAoATAEOARA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNHfoEVI3MHQ-eV_n-nbxvg3RHlhWQ" style="color: #1111cc;" target="_blank">UB Group hikes loan limit for <b>Kingfisher</b></a><br /><span><a href="" style="color: #777777;">Times of India</a><br />Shareholders of UB Holdings in September 2008 had approved lending funds to <b>Kingfisher</b> to the tune of a maximum amount of Rs 1,500 crore. Later in 2010, the company got approval of shareholders for a revision within this overall limit, pursuant to <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://timesofindia.indiatimes.com/business/india-business/UB-Group-hikes-loan-limit-for-Kingfisher/articleshow/18560073.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAEOARA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNFcG_KhMHLCmlxCaWyMF_XIgCxFRQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://timesofindia.indiatimes.com/business/india-business/UB-Group-hikes-loan-limit-for-Kingfisher/articleshow/18560073.cms&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.thehindu.com/business/Industry/ub-holdings-to-hike-loans-to-kingfisher/article4428725.ece&ct=ga&cad=CAcQAhgAIAAoATAFOAVA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNEzXNnGWC8ed_tBk-3Fu6quji_GCg" style="color: #1111cc;" target="_blank">UB Holdings to hike loans to <b>Kingfisher</b></a><br /><span><a href="" style="color: #777777;">The Hindu</a><br />In an attempt to bail out ailing <b>Kingfisher</b> Airlines and reduce the exposure of its lenders, its parent United Breweries Holdings Ltd. has sought shareholders' approval through postal ballot to provide additional loans of Rs.450 crore to the grounded <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thehindu.com/business/Industry/ub-holdings-to-hike-loans-to-kingfisher/article4428725.ece%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAFOAVA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNH13WID_dcWl812pOmvoLJRoaqADw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thehindu.com/business/Industry/ub-holdings-to-hike-loans-to-kingfisher/article4428725.ece&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/markets/stock-markets/kingfisher-shares-jump-5-on-hike-in-loan-ceiling/article4431307.ece%3Fref%3Dwl_markets&ct=ga&cad=CAcQAhgAIAAoATAGOAZA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNHgQlKBAhzM3c3brtAX98CY7gX-2Q" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> shares jump 5% on hike in loan ceiling</a><br /><span><a href="" style="color: #777777;">Hindu Business Line</a><br />“To accommodate further lending to <b>Kingfisher</b> Airlines if required, it is proposed to realign these limits further by increasing the lending limit to KFA from Rs 300 crore to Rs 750 crore and reducing the investment limit from Rs 1,200 crore to Rs 750 <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thehindubusinessline.com/markets/stock-markets/kingfisher-shares-jump-5-on-hike-in-loan-ceiling/article4431307.ece%253Fref%253Dwl_markets%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAGOAZA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNHiutKut83a4tPkKDXLkaCJeXRbZQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thehindubusinessline.com/markets/stock-markets/kingfisher-shares-jump-5-on-hike-in-loan-ceiling/article4431307.ece%3Fref%3Dwl_markets&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.deccanherald.com/content/313024/recovering-kingfisher-dues-tardy-affair.html&ct=ga&cad=CAcQAhgAIAAoATAHOAdA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNFkdoZoOuWWn2d45j_YH7ws753-GQ" style="color: #1111cc;" target="_blank">Recovering <b>Kingfisher</b> dues will be tardy affair: SBI</a><br /><span><a href="" style="color: #777777;">Deccan Herald</a><br />Government lender State Bank of India (SBI) Monday said its increased non-performing assets (NPA) are due to its exposure to iron, steel and textile sectors while recovering the dues from <b>Kingfisher</b>Airlines will be a protracted legal affair. "The ban <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.deccanherald.com/content/313024/recovering-kingfisher-dues-tardy-affair.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAHOAdA17GNiQVIAVAAWABiBWVuLVVT&cd=TBrgRnTdQFY&usg=AFQjCNH0gCX2ehVlJRYxq5OTCwCBSf4Pzg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.deccanherald.com/content/313024/recovering-kingfisher-dues-tardy-affair.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-27764401757236220742013-02-16T00:42:00.000-08:002013-02-16T00:42:38.829-08:00 Dr Vijay Mallaya and UB Group tries to pacify Kingfisher Airlines Ltd lenders<div dir="ltr" style="text-align: left;" trbidi="on">
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In a bid to assuage the irate lenders of Kingfisher Airlines, parent company UB Group on Friday said it would find an early solution to the financial mess of the airline. It said it would use proceeds from the stake sale of a group company to Diageo.<br />
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UB Group’s latest move comes two days after Kingfisher Airlines’ lenders threatened to recall the Rs 7,500 crore loans given to Kingfisher Airlines by encashing the corporate and personal guarantees of UB Group and its chairman, Vijay Mallya.<br />
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“We have received no formal communication from the Banks till date. We are in continuing discussions with them on ways to bring down their exposure, inter alia, from the proceeds of the Diageo transaction. The banks explicitly support the transaction with Diageo and would work with us in finding an orderly method of disposal of some of the pledged shares to Diageo if appropriate,” said UB group in a statement.<br />
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However, the group did not explain how the proceeds from the deal with Diageo would be channelled to Kingfisher Airlines’ lenders.<br />
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In early November 2012, Diageo, UB Holdings (UBHL) and United Spirits (USL) had announced a transaction worth Rs 11,100 crore, to give Diageo a controlling 53.4 per cent stake in USL. During that transaction, Diageo and UB Group had announced a 27.4 per cent stake would be acquired by Diageo from USL and UBHL and the remaining 26 per cent from the public shareholders of USL.<br />
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As part of the first step of acquiring the 27.4 per cent stake, Diageo is to pay Rs 5,600 crore to USL and UBHL. A sum of Rs 3,200 crore would go into USL, which will be used for its own debt reduction and operations. The rest, Rs 2,400 crore, will go to UBHL, to pay back its lenders and release the pledged shares so that these can be transferred to Diageo. After this transaction, UBHL will hold 13.4 per cent of the enlarged share capital, a majority of which has been pledged.<br />
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While announcing the deal with Diageo, Mallya had specifically added that UBHL would look into issues pertaining to Kingfisher Airlines and take appropriate steps. With UBHL’s debt at close to Rs 3,000 crore and a majority of the proceeds from Diageo to be used to reduce it, it would be difficult for UB Group to use the proceeds from the deal with Diageo to pare Kingfisher Airlines’ debt.<br />
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According to analysts tracking the company, with USL’s stock price shooting up around 70 per cent during the past six months — it currently trades in the Rs 1,800-Rs 1,900 levels — UBHL could look at offloading a part of its holdings and pay the proceeds to Kingfisher Airlines’ lenders. In addition, UB Holdings has real estate assets, which, when encashed, could fetch about Rs 650 crore. This can also be used to pay off part of Kingfisher Airlines’ debt.<br />
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The airline has been grounded for nearly six months and its licence suspended. In addition to the huge dues towards the consortium of banks, Kingfisher is also a defaulter to most of its stake holders such as airport operators, oil marketing companies, aircraft lessors and its 3,000-odd employees. Its accumulated losses stand at close to Rs 8,000 crore.<br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://profit.ndtv.com/news/corporates/article-united-breweries-in-talks-with-kingfisher-airlines-lenders-full-statement-318012&ct=ga&cad=CAEQAhgAIAAoATAAOABA-dj8iAVIAVAAWABiBWVuLVVT&cd=w-crPiayEJ4&usg=AFQjCNGOkO9FOYZRP83EUgRZ-VgUOIOAew" style="color: #1111cc;" target="_blank">United Breweries in talks with <b>Kingfisher Airlines</b>' lenders: full statement</a><br /><span><a href="" style="color: #777777;">NDTV</a><br />Mumbai: United Breweries Group, the parent of <b>Kingfisher Airlines</b>, today said it is in talks with the lenders to the debt-laden carrier to cut their exposure by using the proceeds from a stake sale in a group company, United Spirits, to Diageo Plc <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://profit.ndtv.com/news/corporates/article-united-breweries-in-talks-with-kingfisher-airlines-lenders-full-statement-318012%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABA-dj8iAVIAVAAWABiBWVuLVVT&cd=w-crPiayEJ4&usg=AFQjCNG4u5cisitX3jPxBjJM8D8-JL05FQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://profit.ndtv.com/news/corporates/article-united-breweries-in-talks-with-kingfisher-airlines-lenders-full-statement-318012&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/article/companies/ub-group-tries-to-pacify-kingfisher-lenders-113021500294_1.html&ct=ga&cad=CAEQAhgAIAAoATABOAFA-dj8iAVIAVAAWABiBWVuLVVT&cd=w-crPiayEJ4&usg=AFQjCNH5Bp0Ko1O7n5ilfz2lU2IMORrwng" style="color: #1111cc;" target="_blank">UB Group tries to pacify <b>Kingfisher</b> lenders</a><br /><span><a href="" style="color: #777777;">Business Standard</a><br />UB Group's latest move comes two days after <b>Kingfisher Airlines</b>' lenders threatened to recall the Rs 7,500 crore loans given to <b>Kingfisher Airlines</b> by encashing the corporate and personal guarantees of UB Group and its chairman, Vijay Mallya. “We have <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.business-standard.com/article/companies/ub-group-tries-to-pacify-kingfisher-lenders-113021500294_1.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFA-dj8iAVIAVAAWABiBWVuLVVT&cd=w-crPiayEJ4&usg=AFQjCNGpsZFRPtPbvuO8gfN90URapX5_Vg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.business-standard.com/article/companies/ub-group-tries-to-pacify-kingfisher-lenders-113021500294_1.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/article/companies/ub-group-tries-to-pacify-kingfisher-lenders-113021500294_1.html&ct=ga&cad=CAEQAhgAIAAoAjABOAFA-dj8iAVIAVAAWABiBWVuLVVT&cd=w-crPiayEJ4&usg=AFQjCNH5Bp0Ko1O7n5ilfz2lU2IMORrwng" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="60" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/article/companies/ub-group-tries-to-pacify-kingfisher-lenders-113021500294_1.html&ct=ga&cad=CAEQAhgAIAAoAzABOAFA-dj8iAVIAVAAWABiBWVuLVVT&cd=w-crPiayEJ4&usg=AFQjCNH5Bp0Ko1O7n5ilfz2lU2IMORrwng" style="color: #1155cc;" target="_blank">Business Standard</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://ibnlive.in.com/news/ub-group-in-talks-with-kingfisher-airlines-lenders-to-cut-debt/373052-7.html&ct=ga&cad=CAEQAhgAIAAoATACOAJA-dj8iAVIAVAAWABiBWVuLVVT&cd=w-crPiayEJ4&usg=AFQjCNFdEqrOvPUzuIXdbi-YeaBu1e6mwg" style="color: #1111cc;" target="_blank">UB Group in talks with <b>Kingfisher Airlines</b> lenders to cut debt</a><br /><span><a href="" style="color: #777777;">IBNLive</a><br />New Delhi: UB Group, the parent of debt-laden <b>Kingfisher Airlines</b>, said it was in talks with lenders to the carrier to cut their exposure by using proceeds from a stake sale in a group company to Diageo Plc. The statement comes days after lenders to <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://ibnlive.in.com/news/ub-group-in-talks-with-kingfisher-airlines-lenders-to-cut-debt/373052-7.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJA-dj8iAVIAVAAWABiBWVuLVVT&cd=w-crPiayEJ4&usg=AFQjCNF1TcWz8c7OBpnFuO379pvvEQgD_g" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://ibnlive.in.com/news/ub-group-in-talks-with-kingfisher-airlines-lenders-to-cut-debt/373052-7.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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An Airline Professional and an experienced Training co-ordinator with skills in advanced and complex fares.Ability to work independently with focus on high level of quality and customer service and delgate the same to the trainees.<br />
<br />
Specialties: Key Skills:<br />
* International Fares and Ticketing Skills<br />
* Plan itinerary, pricing of complex fares<br />
* Pre and post sales flight assistance<br />
* Knowledge of Amadeus and Abacus CRS<br />
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-76132708307368852482013-02-08T02:57:00.004-08:002013-02-08T02:57:50.757-08:00 Subrata Roy Sahara Scandals<div dir="ltr" style="text-align: left;" trbidi="on">
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The Supreme Court has struck a blow for the little man. Judges have ordered the conglomerate to refund more than $3 billion it had raised from millions of small investors. Add in 15 percent interest, and the bill could be as high as $5 billion. The question is how the sponsor of India's cricket team and owner of New York's Plaza hotel will comply with the ruling.<br />
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The case is a high-profile test for India's financial system. In 2008, two unlisted Sahara group companies, with paid up capital of less than $20,000 each, began raising funds through an instrument known as an optionally fully convertible debenture (OFCD). Sahara argued the fundraising was in the form of a private placement. The Securities and Exchange Board of India countered that a private placement should be for a maximum of 50 investors -- not 23 million.<br />
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The sums raised by the politically well-connected Sahara group exceed the amount raised in India's largest ever IPO, that of Coal India. Its largely rural investors exceed the total number of retail investors for India's entire universe of listed stocks.<br />
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While the outcome of the case is positive, it still raises serious questions over how such a huge mobilisation of funds was allowed to take place at all. Investors were sold a product that benefited from neither the protection associated with a public issue nor the safeguards a depositor would get from putting money in a bank.<br />
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The case also highlights the fact that very large quantities of money in rural India is looking for a savings home. India's rural savers deserve better than Sahara. And unless the money is paid back swiftly their confidence in the financial system could take a serious dent.<br />
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So how will Sahara manage to return the cash? Over a third of the sum raised through issue of OFCDs has been invested in Aamby Valley, a luxury township project developed by the group in Maharashtra, according to annual reports for the year ended June 2010. Sahara has always maintained that if it loses the case that it has sufficient liquidity to pay the sum back in full. For the sake of India's financial system, it needs to make good on that promise - soon.<br />
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CONTEXT NEWS<br />
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- The Supreme Court on August 31 ordered the Sahara conglomerate to refund more than $3 billion it had raised from millions of small investors, reaffirming an order from the capital markets regulator on 30 August.<br />
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- The Supreme Court also ordered Sahara to pay 15 percent interest to investors on their deposits, a lawyer on the case said.<br />
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- Two unlisted group companies of Sahara, which has interests ranging from financial services and housing to media and sports, had between 2008 and 2011 raised a total of 177 billion rupees from 22 million small investors through an instrument known as an optionally fully convertible debenture.<br />
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- The Securities and Exchange Board of India last year ordered the group companies to refund the money, with 15 percent annual interest, after it found that the fund-raising process did not comply with rules.<br />
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(Editing by Peter Thal Larsen and Katrina Hamlin)<br />
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(The author is a Reuters Breakingviews columnist. The opinions expressed are his own)<br />
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Latest News for Sahara Group<br />
Sahara Group of Co<br />
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sahara group,<br />
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-64500299191269527682013-02-08T02:36:00.000-08:002013-02-08T02:36:29.475-08:00We all r Living in a seriously Funny World..<div dir="ltr" style="text-align: left;" trbidi="on">
<span class="salutation"> </span>If swimming is a good exercise to stay FIT, why are whales
FAT??<br /><br />Why is the place in a stadium where people SIT, called a
STAND?<br /><br />Why is that everyone wants to go to HEAVEN but nobody wants to
DIE?<br /><br />Shall I say that there is racial discrimination even in chess as the
WHITE piece is moved FIRST?<br /><br />In our country, we have FREEDOM of SPEECH,
then why do we have TELEPHONE BILLS?<br /><br />If money doesn't grow on TREES then
why do banks have BRANCHES?<br /><br />Why doesn't GLUE stick to its
BOTTLE?<br /><br />Why do you still call it a BUILDING when its already
BUILT?<br /><br />If its true that we are here to HELP others, what are others HERE
for?<br /><br />If you arent supposed to DRINK and DRIVE why do bars have PARKING
lots?<br /><br />If All The Nations In The World Are In Debt, Where Did All The
Money Go..?<br /><br />When Dog Food Is New With Improved Taste, Who Tests
It..?<br /><br />If The "Black Box" Flight Recorder Is Never Damaged During A Plane
Crash, Why Isn't The Whole Airplane Made Out Of That Stuff..?<br /><br />Who
Copyrighted The Copyright Symbol..?<br /><br />Can You Cry Under Water..?<br /><br />Why
Do People Say "You've Been Working Like A Dog" When Dogs Just Sit Around All
Day..??)<br /><br />We all r Living in a seriously funny world..<br />
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com1tag:blogger.com,1999:blog-1284816925263509141.post-87536322403248264982013-02-08T02:33:00.000-08:002013-02-08T02:37:42.349-08:00 Kingfisher Airlines woes could hit funding for other Indian Airlines <div dir="ltr" style="text-align: left;" trbidi="on">
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India could be "shut out" of the market for Aircraft finance if carriers such as troubled Kingfisher Airlines fail to return planes they cannot pay for, a senior banker told Reuters on Wednesday.<br />
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Kingfisher (KING.NS) - owned by liquor baron Dr Vijay Mallya - is estimated to owe $2.5 billion to banks, staff and suppliers, and its grounded aircraft are at the centre of airports', banks' and tax authorities' scramble for assets.<br />
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Wolfgang Driese, chief executive of Germany's DVB Bank (DVBG.F), which is a major supplier of specialist transport industry loans, said India should step up efforts to show assets can be repossessed when bills go unpaid.<br />
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"Otherwise it (India) would shut itself out of the market," he said.<br />
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DVB Bank has sued the Directorate General of Civil Aviation (DGCA) and Kingfisher Airlines to have two planes de-registered, a possible first step towards recouping its funds.<br />
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"If we are unable to repossess the aircraft, we will not underwrite new business in India," DVB's Driese said. This was likely to send a signal to other banks, he said.<br />
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The warning raises industry pressure on Indian aviation authorities to prevent a crisis over Kingfisher, crimping the ability of other fast-growing airlines to take delivery of the latest generation of jets.<br />
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The head of International Lease Finance Corp, one of the world's largest lessors, told Reuters last month India could see its aviation ambitions curtailed if it did not provide a "safe harbour" for assets risked by foreign suppliers.<br />
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"There are several countries in the world, where we are not doing any business as asset arrests prove impossible or just too time-consuming," DVB's Driese said.<br />
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The DGCA must deregister the DVB-financed Airbus planes, now in Istanbul, before the bank can put them to use or lease them out.<br />
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Kingfisher has 33 scheduled passenger planes registered in India, according to data from the DGCA. It had a fleet of 64 a year ago, when it was India's No. 2 carrier by market share.<br />
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Debt-ridden and with no customers, Kingfisher posted a 7.55 billion rupees loss in the three months to December 31 as its planes sat idle, creditors circled and regulators rebuffed the Indian airline's revival plans.<br />
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Aircraft are mostly paid for on delivery, meaning any shortfall in funding could affect the handover of jets on order from manufacturers such as Airbus (EAD.PA) and Boeing (BA.N).<br />
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Europe's Airbus has a total of 384 aircraft on order from India that have yet to be delivered, according to end-December data. For its U.S. rival Boeing, the figure is 107 aircraft.<br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://in.reuters.com/article/2013/02/06/dvb-kingfisher-vijay-mallya-idINDEE9150CV20130206&ct=ga&cad=CAcQAhgAIAAoATAAOABAvMfOiAVIAVAAWABiBWVuLVVT&cd=sto2rPguJkY&usg=AFQjCNEh0EcvznNMPRuRiuUsAOgF2NTq3A" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> woes could hit funding for other Indian airlines - DVB</a><br />
<a href="http://www.blogger.com/blogger.g?blogID=1284816925263509141" style="color: #777777;">Reuters India</a><br />FRANKFURT | Wed Feb 6, 2013 9:44pm IST. FRANKFURT (Reuters) - India could be "shut out" of the market for aircraft finance if carriers such as troubled <b>Kingfisher</b> Airlines fail to return planes they cannot pay for, a senior banker told Reuters on <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://in.reuters.com/article/2013/02/06/dvb-kingfisher-vijay-mallya-idINDEE9150CV20130206%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAAOABAvMfOiAVIAVAAWABiBWVuLVVT&cd=sto2rPguJkY&usg=AFQjCNEI6WJxNCurf8zBZDpWXCYNMLSRXg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://in.reuters.com/article/2013/02/06/dvb-kingfisher-vijay-mallya-idINDEE9150CV20130206&hl=en&geo=us">See all stories on this topic »</a></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://hennesseyclipper.com/hennessey-kingfisher-p5181-90.htm&ct=ga&cad=CAcQAhgAIAAoATABOAFAvMfOiAVIAVAAWABiBWVuLVVT&cd=sto2rPguJkY&usg=AFQjCNFNNdE2jhz06QuBHDrqcTgSSxlETA" style="color: #1111cc;" target="_blank">HENNESSEY 47, <b>KINGFISHER</b> 43</a><br />
<a href="http://www.blogger.com/blogger.g?blogID=1284816925263509141" style="color: #777777;">Hennesseyclipper</a><br />The result was a 47-43 victory for the home team as Hennessey bounced back from a tough Tuesday loss and beat <b>Kingfisher</b> for the second straight year. “The kids definitely feel a rivalry there, so I expected our guys to play well,” Page said. Brady <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://hennesseyclipper.com/hennessey-kingfisher-p5181-90.htm%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjABOAFAvMfOiAVIAVAAWABiBWVuLVVT&cd=sto2rPguJkY&usg=AFQjCNGi6TvcxxhhjBQSMLAOloWzJh5-rQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://hennesseyclipper.com/hennessey-kingfisher-p5181-90.htm&hl=en&geo=us">See all stories on this topic »</a></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://hennesseyclipper.com/hennessey-kingfisher-p5181-90.htm&ct=ga&cad=CAcQAhgAIAAoAjABOAFAvMfOiAVIAVAAWABiBWVuLVVT&cd=sto2rPguJkY&usg=AFQjCNFNNdE2jhz06QuBHDrqcTgSSxlETA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="80" width="45" /></a><br /><a href="http://www.google.com/url?sa=X&q=http://hennesseyclipper.com/hennessey-kingfisher-p5181-90.htm&ct=ga&cad=CAcQAhgAIAAoAzABOAFAvMfOiAVIAVAAWABiBWVuLVVT&cd=sto2rPguJkY&usg=AFQjCNFNNdE2jhz06QuBHDrqcTgSSxlETA" style="color: #1155cc;" target="_blank">Hennesseyclipper</a></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.informante.web.na/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D11452:sinking-southwest-kingfisher-re-floated%26catid%3D1:coastal%26Itemid%3D103&ct=ga&cad=CAcQAhgAIAAoATACOAJAvMfOiAVIAVAAWABiBWVuLVVT&cd=sto2rPguJkY&usg=AFQjCNErL1uL2oGhGitw5D-bqswtwN78uA" style="color: #1111cc;" target="_blank">Sinking Southwest <b>Kingfisher</b> re-floated</a><br />
<a href="http://www.blogger.com/blogger.g?blogID=1284816925263509141" style="color: #777777;">Informante</a><br />The snoek fishing vessel Southwest <b>Kingfisher</b> that sank in the Walvis Bay fishing harbour on 27 January has been successfully re-floated last Sunday by salvage operator, Walvis Bay Diving. Rough seas caused the vessel to slam against another fishing <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.informante.web.na/index.php%253Foption%253Dcom_content%2526view%253Darticle%2526id%253D11452:sinking-southwest-kingfisher-re-floated%2526catid%253D1:coastal%2526Itemid%253D103%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjACOAJAvMfOiAVIAVAAWABiBWVuLVVT&cd=sto2rPguJkY&usg=AFQjCNHfXHpXAVT9AQCJ809G8IV03ILIgA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.informante.web.na/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D11452:sinking-southwest-kingfisher-re-floated%26catid%3D1:coastal%26Itemid%3D103&hl=en&geo=us">See all stories on this topic »</a><br /></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-57411455695012524922013-01-18T02:53:00.002-08:002013-01-18T02:53:47.790-08:00Small Businesses [ SMEs ] have no choice but to use the Cloud Computing<div dir="ltr" style="text-align: left;" trbidi="on">
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<br /><br />The cons of the Cloud are the same for all companies, but Small Businesses can't afford the traditional-IT alternative<br /><br /><div class="separator" style="clear: both; text-align: center;">
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<br />What's interesting is that small and larger businesses cite the same complaints around the use of cloud-based platforms, particularly regarding the lack of control. Security is always a concern, but I've yet to hear about people running off with cloud data, even when it occurs daily in enterprises on traditional systems.<br /><br />However, small businesses really have no choice but to use the cloud. A traditional approach to IT typically means a high overhead cost. Saddled with such costs, small businesses wouldn't be able to compete in a market where their counterparts are paying half as much on IT to chase same amount of revenue.<br /><br />Thus, most small businesses have few options other than cloud computing. They can certainly complain about the lack of control and security perceptions, but the benefits hugely outweigh the deficits. In fact, the use of the cloud should be exciting for small businesses: New businesses can start up on a shoestring now that most IT resources can come from the cloud.<br /><br />Still, there will always be the good with the bad. Cloud computing is not at all perfect, but it will continue to evolve to better service businesses -- small businesses now, perhaps larger businesses in the future.<br /><br /><div class="separator" style="clear: both; text-align: center;">
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.mondaq.com/unitedstates/x/216388/tax%2Bauthorities/Disk%2Bor%2BNo%2BDisk%2BCloud%2BComputing%2BServices%2BNot%2BTaxable%2BIn%2BVirginia&ct=ga&cad=CAEQAhgAIAAoATABOAFA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNEIWV5IePwDNxMGFDEKlCanKJf7HA" style="color: #1111cc; text-decoration: initial;" target="_blank">Disk Or No Disk - <b>Cloud Computing</b> Services Not Taxable In Virginia</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Mondaq News Alerts (registration)</a><br />If you are located in Virginia and use a <b>cloud computing</b> service, and you (or your cloud provider) received a disk, manual, or other incidental tangible property in connection with your purchase of the service, you may have been spooked by a ruling <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.mondaq.com/unitedstates/x/216388/tax%252Bauthorities/Disk%252Bor%252BNo%252BDisk%252BCloud%252BComputing%252BServices%252BNot%252BTaxable%252BIn%252BVirginia%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjABOAFA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGc27PvOl_RVYGflTJfGPHQ3acRNg" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.mondaq.com/unitedstates/x/216388/tax%2Bauthorities/Disk%2Bor%2BNo%2BDisk%2BCloud%2BComputing%2BServices%2BNot%2BTaxable%2BIn%2BVirginia&hl=en&geo=in">See all stories on this topic »</a></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.infoworld.com/d/cloud-computing/small-businesses-have-no-choice-use-the-cloud-210819&ct=ga&cad=CAEQAhgAIAAoATAAOABA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGpiLnKTtUmI9_stKNJ4mZa4shZGQ" style="color: #1111cc; text-decoration: initial;" target="_blank">Small businesses have no choice but to use the <b>cloud</b></a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">InfoWorld</a><br />I always pay attention to business publications, such as the Wall Street Journal, when they write about <b>cloud computing</b>. Their writing is very reflective of how business sees this technology and will ultimately play a part in the success of <b>cloud</b> <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.infoworld.com/d/cloud-computing/small-businesses-have-no-choice-use-the-cloud-210819%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAAOABA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNENFpZ66GXfnioEwUM7EIss4GaDxw" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.infoworld.com/d/cloud-computing/small-businesses-have-no-choice-use-the-cloud-210819&hl=en&geo=in">See all stories on this topic »</a></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.businessinsider.com/cloud-computing-brings-cyber-warfare-to-us-2013-1&ct=ga&cad=CAEQAhgAIAAoATACOAJA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNFHmPunIEvzAtvFcu2Y0ca-xDrngQ" style="color: #1111cc; text-decoration: initial;" target="_blank"><b>Cloud Computing</b> Has Officially Brought The Global Cyber War To The US <b>...</b></a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Business Insider</a><br />Last week Nicole Perlroth of The New York Times reported that a recent cyber attack on major U.S. banks were so powerful because they were directed through hijacked data centers (i.e. the <b>cloud</b>) around the would instead of individual <b>computers</b>.<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.businessinsider.com/cloud-computing-brings-cyber-warfare-to-us-2013-1%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjACOAJA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNFIgC3-3GsuMGfndFXvlp6gv-AzLA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.businessinsider.com/cloud-computing-brings-cyber-warfare-to-us-2013-1&hl=en&geo=in">See all stories on this topic »</a></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.businessinsider.com/cloud-computing-brings-cyber-warfare-to-us-2013-1&ct=ga&cad=CAEQAhgAIAAoAjACOAJA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNFHmPunIEvzAtvFcu2Y0ca-xDrngQ" style="color: #1155cc; text-decoration: initial;" target="_blank"><img alt="" border="0" height="60" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" width="80" /></a><br /><a href="http://www.google.com/url?sa=X&q=http://www.businessinsider.com/cloud-computing-brings-cyber-warfare-to-us-2013-1&ct=ga&cad=CAEQAhgAIAAoAzACOAJA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNFHmPunIEvzAtvFcu2Y0ca-xDrngQ" style="color: #1155cc; text-decoration: initial;" target="_blank">Business Insider</a></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://technorati.com/technology/cloud-computing/article/picking-the-right-cloud-storage-solution/&ct=ga&cad=CAEQAhgAIAAoATADOANA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGtW9PdTVmXvkqfRbGARwO1naBE1w" style="color: #1111cc; text-decoration: initial;" target="_blank">Picking the Right <b>Cloud</b> Storage Solution</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Technorati</a><br />Finding the right <b>cloud</b> storage provider is now easier with small business and consumer review site NextAdvisor.com, who announced a <b>cloud</b> storage category offering consumers its top picks. It also allows visitors to compare <b>cloud</b> storage services like <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://technorati.com/technology/cloud-computing/article/picking-the-right-cloud-storage-solution/%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjADOANA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNHs-4EsgNmUz7gk7yxsd2d1lYZqjA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://technorati.com/technology/cloud-computing/article/picking-the-right-cloud-storage-solution/&hl=en&geo=in">See all stories on this topic »</a><br /><br /></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://technorati.com/technology/cloud-computing/article/picking-the-right-cloud-storage-solution/&ct=ga&cad=CAEQAhgAIAAoAjADOANA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGtW9PdTVmXvkqfRbGARwO1naBE1w" style="color: #1155cc; text-decoration: initial;" target="_blank"><img alt="" border="0" height="46" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" width="80" /></a><br /><a href="http://www.google.com/url?sa=X&q=http://technorati.com/technology/cloud-computing/article/picking-the-right-cloud-storage-solution/&ct=ga&cad=CAEQAhgAIAAoAzADOANA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGtW9PdTVmXvkqfRbGARwO1naBE1w" style="color: #1155cc; text-decoration: initial;" target="_blank">Technorati</a></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.formtek.com/blog/%3Fp%3D3512&ct=ga&cad=CAEQAhgAIAAoATAEOARA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNHdbujK6IlIraTUP3JhZuyR1kifmw" style="color: #1111cc; text-decoration: initial;" target="_blank"><b>Cloud Computing</b> and Security: Cloud Vendors Still Need to Resolve the Sticky <b>...</b></a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Formtek Blog (blog)</a><br />The move of businesses to the <b>cloud</b> is occurring at a remarkable speed. While estimates of the true<b>cloud</b> market size are all over the map, everyone seems to agree that we're talking about many billions of dollars. Forrester estimates that by 2020 the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.formtek.com/blog/%253Fp%253D3512%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAEOARA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGgIRBXRNZQ8gwK4Sl3KmEU9Rk8qA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.formtek.com/blog/%3Fp%3D3512&hl=en&geo=in">See all stories on this topic »</a></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://talkincloud.com/cloud-computing-security/google-postini-alternatives-excel-micro-reflexion-ink-cloud-deal&ct=ga&cad=CAEQAhgAIAAoATAFOAVA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGgZLKHasW6SW8LeaEtnDpUNCMkAA" style="color: #1111cc; text-decoration: initial;" target="_blank">Google Postini Alternatives: Excel Micro, Reflexion Ink <b>Cloud</b> Deal</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Talkin' Cloud</a><br />Excel Micro, a top Google Apps (NASDAQ: GOOG) channel partner and <b>cloud</b>distributor, remains loyal to the search giant. But Excel Micro also continues to diversify its revenue stream and SaaS product portfolio for resellers. The latest example: Excel <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://talkincloud.com/cloud-computing-security/google-postini-alternatives-excel-micro-reflexion-ink-cloud-deal%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAFOAVA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNEAAHip6ava5C-je9ye3OY66vZkfA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://talkincloud.com/cloud-computing-security/google-postini-alternatives-excel-micro-reflexion-ink-cloud-deal&hl=en&geo=in">See all stories on this topic »</a></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://talkincloud.com/cloud-computing-security/google-postini-alternatives-excel-micro-reflexion-ink-cloud-deal&ct=ga&cad=CAEQAhgAIAAoAjAFOAVA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGgZLKHasW6SW8LeaEtnDpUNCMkAA" style="color: #1155cc; text-decoration: initial;" target="_blank"><img alt="" border="0" height="80" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" width="64" /></a><br /><a href="http://www.google.com/url?sa=X&q=http://talkincloud.com/cloud-computing-security/google-postini-alternatives-excel-micro-reflexion-ink-cloud-deal&ct=ga&cad=CAEQAhgAIAAoAzAFOAVA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGgZLKHasW6SW8LeaEtnDpUNCMkAA" style="color: #1155cc; text-decoration: initial;" target="_blank">Talkin' Cloud</a></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.beckershospitalreview.com/healthcare-information-technology/9-questions-to-ask-when-negotiating-a-cloud-computing-contract.html&ct=ga&cad=CAEQAhgAIAAoATAGOAZA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNGBtzR4vw5vZtwuXqws0bCD2aD8PA" style="color: #1111cc; text-decoration: initial;" target="_blank">9 Questions to Ask When Negotiating a <b>Cloud Computing</b> Contract</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Becker's Hospital Review</a><br /><b>Cloud computing</b> is fairly new to the healthcare industry and for this reason, providers and users are still trying to figure out the best way to negotiate contracts for cloud services, according to a Forbes report. According to an article recently <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.beckershospitalreview.com/healthcare-information-technology/9-questions-to-ask-when-negotiating-a-cloud-computing-contract.html%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAGOAZA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNHe0nFCYebNvzZrZy3SPQOMttriNg" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.beckershospitalreview.com/healthcare-information-technology/9-questions-to-ask-when-negotiating-a-cloud-computing-contract.html&hl=en&geo=in">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.cio.com.au/article/446561/channel_partners_poised_help_enterprises_build_software-defined_networks/%3Ffp%3D4%26fpid%3D20&ct=ga&cad=CAEQAhgAIAAoATAHOAdA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNHJfw5Cz968prWegGHyY1bxzC5sAg" style="color: #1111cc; text-decoration: initial;" target="_blank">Channel Partners Poised to Help Enterprises Build Software-Defined Networks</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">CIO Australia</a><br />This flexibility dovetails with initiatives such as <b>cloud computing</b>, with its dynamic provisioning of resources. Anthony Robbins, vice president of federal sales at Brocade Communications Systems, described SDN as an opportunity to address outmoded <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.cio.com.au/article/446561/channel_partners_poised_help_enterprises_build_software-defined_networks/%253Ffp%253D4%2526fpid%253D20%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAHOAdA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNH35nbRos-oHfNEAoHP7YK1ZLcdeQ" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.cio.com.au/article/446561/channel_partners_poised_help_enterprises_build_software-defined_networks/%3Ffp%3D4%26fpid%3D20&hl=en&geo=in">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://gulfnews.com/business/technology/cloud-revenues-to-triple-in-next-five-years-to-72-5b-by-2015-1.1132728&ct=ga&cad=CAEQAhgAIAAoATAIOAhA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNEs_i222pQae-RIzrfNj_RRoi8j-g" style="color: #1111cc; text-decoration: initial;" target="_blank"><b>Cloud</b> revenues to triple in next five years to $72.5b by 2015</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">gulfnews.com</a><br />“Oracle is ramping up its efforts to promote its cloud portfolio and is committed to the cloud with embedded social element,” Hurd said. He estimates that by 2014 around 14 million more jobs will be created due due to <b>cloud computing</b>. The technology <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://gulfnews.com/business/technology/cloud-revenues-to-triple-in-next-five-years-to-72-5b-by-2015-1.1132728%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAIOAhA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNHNzz8FxNEiWbDVsa_8gFNcCg-0lA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://gulfnews.com/business/technology/cloud-revenues-to-triple-in-next-five-years-to-72-5b-by-2015-1.1132728&hl=en&geo=in">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.prnewswire.com/news-releases/xform-computing-the-leader-in-cloud-powered-apps-for-mobile-devices-rolls-out-the-virtualchrome-app-with-built-in-support-for-flash-java-and-extensions-on-ipad-186931361.html&ct=ga&cad=CAEQAhgAIAAoATAJOAlA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNEtVTVEaCqISF8gVtTK6JIzXV0aBA" style="color: #1111cc;" target="_blank">Xform <b>Computing</b>, the Leader in <b>Cloud</b>-Powered Apps for Mobile Devices, Rolls <b>...</b></a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">PR Newswire (press release)</a><br />SANTA BARBARA, Calif., Jan. 15, 2013 /PRNewswire/ -- Xform Computing, leader in cloud-powered apps for mobile devices, announces its VirtualChrome iPad app is available in the iTunes App Store . Using the power of <b>cloud computing</b>, the VirtualChrome <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.prnewswire.com/news-releases/xform-computing-the-leader-in-cloud-powered-apps-for-mobile-devices-rolls-out-the-virtualchrome-app-with-built-in-support-for-flash-java-and-extensions-on-ipad-186931361.html%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAJOAlA_ZHWhwVIAVAAWABiBWVuLUlO&cd=RlletwtCq5M&usg=AFQjCNH1uXemWGUv2jmfJmve9pYqub8-Ug" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.prnewswire.com/news-releases/xform-computing-the-leader-in-cloud-powered-apps-for-mobile-devices-rolls-out-the-virtualchrome-app-with-built-in-support-for-flash-java-and-extensions-on-ipad-186931361.html&hl=en&geo=in">See all stories on this topic »</a><br /><br /><br /><table border="0" cellpadding="0" cellspacing="0" style="color: #222222; font-size: 13px; width: 600pxpx;"><tbody>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.thefiscaltimes.com/Articles/2013/01/17/After-Cliff-Deal-23-Percent-Chance-of-Recession.aspx&ct=ga&cad=CAEQAhgAIAAoATAAOABA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNEUHGSiUH68kjUN3eC0a3OZ39jipA" style="color: #1111cc;" target="_blank">After Cliff Deal: 23 Percent Chance of <b>Recession</b></a><br /><span><a href="" style="color: #777777;">The Fiscal Times</a><br />About two weeks ago, the country appeared to dodge an economic bullet with the fiscal cliff deal. But top bank economists on Thursday said the agreement opened the country up to a series of threats that hamper growth, pegging the chance of a<b>recession</b> <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thefiscaltimes.com/Articles/2013/01/17/After-Cliff-Deal-23-Percent-Chance-of-Recession.aspx%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNGKfBP5eIQ9Cl3TN1SEvNmQ6ww0Aw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thefiscaltimes.com/Articles/2013/01/17/After-Cliff-Deal-23-Percent-Chance-of-Recession.aspx&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.thefiscaltimes.com/Articles/2013/01/17/After-Cliff-Deal-23-Percent-Chance-of-Recession.aspx&ct=ga&cad=CAEQAhgAIAAoAjAAOABA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNEUHGSiUH68kjUN3eC0a3OZ39jipA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="45" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.thefiscaltimes.com/Articles/2013/01/17/After-Cliff-Deal-23-Percent-Chance-of-Recession.aspx&ct=ga&cad=CAEQAhgAIAAoAzAAOABA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNEUHGSiUH68kjUN3eC0a3OZ39jipA" style="color: #1155cc;" target="_blank">The Fiscal Times</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.businessinsider.com/advertising-recession-hits-europe-and-the-uk-as-rest-of-world-prospers-2013-1&ct=ga&cad=CAEQAhgAIAAoATABOAFA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNF6Buzh6ZpvtulN6vNEZ07wUu49SA" style="color: #1111cc;" target="_blank">Advertising <b>Recession</b> Hits Europe And The U.K. As Rest Of World Prospers</a><br /><span><a href="" style="color: #777777;">Business Insider</a><br />Advertising spend went up across the world, except for Europe, during the third quarter of 2012, according to Nielsen's quarterly Global AdView Pulse report. Total spending was up 4.3% to $139bn (£86.8bn) compared to the same three months in 2011, <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.businessinsider.com/advertising-recession-hits-europe-and-the-uk-as-rest-of-world-prospers-2013-1%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNGHoPuu_DeZ4W5jKr2_pnOINZEUnw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.businessinsider.com/advertising-recession-hits-europe-and-the-uk-as-rest-of-world-prospers-2013-1&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.globalresearch.ca/global-economic-crisis-europe-slides-deeper-into-recession/5319352&ct=ga&cad=CAEQAhgAIAAoATACOAJA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNGEEJsbdt9vWbOc8h1z1DbxTZ_EXw" style="color: #1111cc;" target="_blank">Global Economic Crisis: Europe Slides Deeper into <b>Recession</b></a><br /><span><a href="" style="color: #777777;">Center for Research on Globalization</a><br />According to figures released Monday by the European Union statistics agency, Eurostat, industrial output across the 17 countries of the euro zone fell in November for the third successive month. The 0.3 percent decline for November was worse than <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.globalresearch.ca/global-economic-crisis-europe-slides-deeper-into-recession/5319352%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNE3JBtDIcpLmYRNfA28rR2FtBcb_g" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.globalresearch.ca/global-economic-crisis-europe-slides-deeper-into-recession/5319352&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.taipeitimes.com/News/biz/archives/2013/01/18/2003552776&ct=ga&cad=CAEQAhgAIAAoATADOANA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNE9vvShU4yfow93OoftB4jswlXVPQ" style="color: #1111cc;" target="_blank">IMF releases aid to <b>recession</b>-mired Greece after delay</a><br /><span><a href="" style="color: #777777;">Taipei Times</a><br />After lengthy delays, the IMF unblocked part of its aid to Greece on Wednesday, offering a brief respite to the <b>recession</b>-mired country grappling with austerity measures. The amount released — 3.2 billion euros (US$4.3 billion) — might seem a mere <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.taipeitimes.com/News/biz/archives/2013/01/18/2003552776%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNEkFLXKnxzizJG5fLyrfLwxn2G6RQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.taipeitimes.com/News/biz/archives/2013/01/18/2003552776&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.businessinsider.com/ecris-tell-tale-chart-is-is-now-showing-something-completely-different-2013-1&ct=ga&cad=CAEQAhgAIAAoATAEOARA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNGP9F2GRdRn3_qCYhURsNibj0v5gg" style="color: #1111cc;" target="_blank">ECRI's 'Tell-Tale' Chart Is Is Now Showing Something Completely Different</a><br /><span><a href="" style="color: #777777;">Business Insider</a><br />Reviewing the indicators used to officially decide U.S. <b>recession</b> dates, it looks like the <b>recession</b>began around July 2012. This is because, in retrospect, three of those four coincident indicators – the broad measures of production, income <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.businessinsider.com/ecris-tell-tale-chart-is-is-now-showing-something-completely-different-2013-1%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNGEiDTvZUCem0IzCPLFS05WEB_Gfg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.businessinsider.com/ecris-tell-tale-chart-is-is-now-showing-something-completely-different-2013-1&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.buzzfeed.com/richardrushfield/the-recession-saved-sundance-robert-redford-decla&ct=ga&cad=CAEQAhgAIAAoATAFOAVA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNHIetjPlGziq_RFkns_FME-s4ElcQ" style="color: #1111cc;" target="_blank">Robert Redford: The <b>Recession</b> Saved The Sundance Film Festival</a><br /><span><a href="" style="color: #777777;">BuzzFeed</a><br />But what could you do?" He paused. "Then," he said, with an ironic grin, "the<b>recession</b> hit and those people went away. And now we can focus again." Redford surprisingly suggested it was not impossible that the festival will go away, from Park City at <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.buzzfeed.com/richardrushfield/the-recession-saved-sundance-robert-redford-decla%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNGuUWG-WEOySgdrnoOrHBYEaT6oeg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.buzzfeed.com/richardrushfield/the-recession-saved-sundance-robert-redford-decla&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.buzzfeed.com/richardrushfield/the-recession-saved-sundance-robert-redford-decla&ct=ga&cad=CAEQAhgAIAAoAjAFOAVA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNHIetjPlGziq_RFkns_FME-s4ElcQ" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="53" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.buzzfeed.com/richardrushfield/the-recession-saved-sundance-robert-redford-decla&ct=ga&cad=CAEQAhgAIAAoAzAFOAVA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNHIetjPlGziq_RFkns_FME-s4ElcQ" style="color: #1155cc;" target="_blank">BuzzFeed</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.heraldscotland.com/business/company-news/gio-goi-fashion-firm-latest-victim-of-recession.19949098&ct=ga&cad=CAEQAhgAIAAoATAGOAZA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNEGpkIj5oGf-22rz5AoIxigTMgcJw" style="color: #1111cc;" target="_blank">Gio-Goi fashion firm latest victim of <b>recession</b></a><br /><span><a href="" style="color: #777777;">Herald Scotland</a><br />Gio-Goi fashion firm latest victim of <b>recession</b>. Greig Cameron. Deputy Business Editor. Friday 18 January 2013. FASHION brand Gio-Goi has become the fourth retail-focused business to go into administration in a week. FASHION brand Gio-Goi has become <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.heraldscotland.com/business/company-news/gio-goi-fashion-firm-latest-victim-of-recession.19949098%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNEn0teF0WUkQltPqDy1eApuHhn5dQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.heraldscotland.com/business/company-news/gio-goi-fashion-firm-latest-victim-of-recession.19949098&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.todayonline.com/Business/EDC130117-0000123/Drop-in-exports-raises-recession-risk&ct=ga&cad=CAEQAhgAIAAoATAHOAdA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNH0XBJOLyQgn-v5CDZEPL5NPVt9sw" style="color: #1111cc;" target="_blank">Drop in exports raises <b>recession</b> risk</a><br /><span><a href="" style="color: #777777;">TODAYonline</a><br />A much worse-than-expected fall in exports last month stemming from a fall in demand across key industries has raised the spectre that Singapore may have fallen into a technical <b>recession</b>. Figures from International Enterprise Singapore showed that <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.todayonline.com/Business/EDC130117-0000123/Drop-in-exports-raises-recession-risk%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNGcPyjT_Cwi_GIUQpzlBeNXekjTSg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.todayonline.com/Business/EDC130117-0000123/Drop-in-exports-raises-recession-risk&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.bighospitality.co.uk/Trends-Reports/UK-tourism-outperforms-GDP-during-recession-but-visitor-numbers-fall&ct=ga&cad=CAEQAhgAIAAoATAIOAhA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNFARgOLYiT4YHZT2FzmUF0DUW9n_A" style="color: #1111cc;" target="_blank">UK tourism outperforms GDP during <b>recession</b> but visitor numbers fall</a><br /><span><a href="" style="color: #777777;">BigHospitality.co.uk</a><br />“Our report confirms UK tourism has successfully weathered the <b>recession</b> and outperformed other key sectors which is great news,” said Travelodge's chief executive Grant Hearn. 'Real opportunity'. Travelodge chief executive Grant Hearn is calling on <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.bighospitality.co.uk/Trends-Reports/UK-tourism-outperforms-GDP-during-recession-but-visitor-numbers-fall%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAIOAhA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNFaulPUOT7j8ftkXa0f4SXdldtn7Q" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.bighospitality.co.uk/Trends-Reports/UK-tourism-outperforms-GDP-during-recession-but-visitor-numbers-fall&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.bighospitality.co.uk/Trends-Reports/UK-tourism-outperforms-GDP-during-recession-but-visitor-numbers-fall&ct=ga&cad=CAEQAhgAIAAoAjAIOAhA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNFARgOLYiT4YHZT2FzmUF0DUW9n_A" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="60" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.bighospitality.co.uk/Trends-Reports/UK-tourism-outperforms-GDP-during-recession-but-visitor-numbers-fall&ct=ga&cad=CAEQAhgAIAAoAzAIOAhA_ePjhwVIAVAAWABiBWVuLVVT&cd=cABM6_2jY30&usg=AFQjCNFARgOLYiT4YHZT2FzmUF0DUW9n_A" style="color: #1155cc;" target="_blank">BigHospitality.co.uk</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-69739949043941816352013-01-18T02:51:00.000-08:002013-01-18T02:59:47.825-08:00Ready to Fly again ? Kingfisher Airlines got NOC ? <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Kingfisher Airlines Ltd will need to convince the Directorate General of Civil Aviation on the defunct Airline’s funding plans and the payment of salaries to employees before it is likely to be allowed to take to the skies again.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">This emerged at a meeting that the airline Chief Executive Officer Sanjay Agarwal had with Director General of Civil Aviation Arun Mishra here on Wednesday. Agarwal declined to talk to the media after the meeting.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Sources indicated that at the meeting the DGCA was shown evidence in terms of No Objection Certificate (NoC) from fuel companies, lessors, some maintenance repair and overhaul facilities and even Airbus (which said that it was ready to provide support for aircraft).</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Mishra was informed that the promoters are working out how to settle their debts and are talking to investors. No details of the investors were, however, made available at the meeting. There was no mention of the UB Group providing funds for the airline to get air borne again. The listed Kingfisher Airlines is part of the UB Group.</span><br />
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<span style="font-size: medium;"><br /></span><span style="font-size: medium;">The airline, however, has not yet been able to get an NoC from airport operators. The airline owes over Rs 250 crore to the state-owned Airports Authority of India alone.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Kingfisher expressed the hope that it would be able to restart operations during the summer schedule. Globally, the summer schedule of airlines starts in March and ends in October. The airline suspended operations on October 1, 2012 and its licence was suspended on December 31, 2012.</span><br />
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<span style="font-size: medium;">“They have said this is an interim briefing. Initially the airline plans to start operations with five Airbus 320 and two ATR aircraft,” sources said.</span></div>
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<span style="font-size: medium;">Incidentally, the Airline promoter and Member of Parliament, Dr Vijay Mallya, in a recent communication to employees, had indicated that Kingfisher Airlines would take to the skies in a phased manner during the summer schedule.</span></div>
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<span style="font-size: medium;"><br /></span><span style="font-size: medium;"> A section of Kingfisher Airlines Ltd’s employees has planned a hunger strike from 21 January demanding salaries unpaid since June, two employee representatives said.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Another group is planning legal action seeking closure of the airline, while a third is demanding a meeting with the chairman and promoter Vijay Mallya ahead of his meeting with lenders on 18 January.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Kingfisher’s operating licence was suspended in October by the Directorate General of Civil Aviation, India’s aviation regulator, following a strike by the airline’s employees. The licence has since expired.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">“We have met Kingfisher Airlines’ executive vice-president Hitesh Patel on Monday and sought a meeting with Mallya before 18 January,” said a senior Kingfisher Airline Pilot, requesting anonymity. “We are fed up and we need to know what is happening. If possible, we also wanted to meet lenders to know whether there is hope left for us.”</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">Dr Mallya in a presentation made last year to lenders had said Kingfisher would resume operations with seven aircraft and increase it to 21 in four months. At its peak, Kingfisher Airlines was flying 66 planes to 68 locations, including eight international destinations, with 374 flights a day, and accounted for 20% of the market.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">And in a 10 January letter to employees, Mallya reassured employees that the airline would begin flying by summer with a Rs.650 crore infusion from the parent UB Group.</span><br />
<span style="font-size: medium;">“The limited restart plan, which we target for the beginning of the 2013 summer schedule, requires funding of approximately Rs.650 crore, which is committed to be provided by the UB Group and associates,” Mallya said in the letter to Kingfisher employees.</span><br />
<span style="font-size: medium;">Analysts have previously said the grounded airline needs between Rs.3,000 crore and Rs.5,000 crore to fly again—in any meaningful way.</span><br />
<span style="font-size: medium;">Shares of Kingfisher Airlines were trading 1.46% lower at Rs.14.18 in morning trade on BSE Ltd, while the Sensex was 0.07% higher at 19,920.84 points on Tuesday.</span><br />
<span style="font-size: medium;"><br /></span><span style="font-size: medium;">One day in the last week of December, Vijay Mallya , the flamboyant chairman of the UB Group, met bankers at a south Mumbai hotel.</span><br />
<span style="font-size: medium;">Mallya—known as much for his love of the good life and the popular Kingfisher calendar as for Kingfisher beer, India’s largest selling brew, and the grounded Kingfisher Airlines Ltd—was accompanied by Sanjay Aggarwal, chief executive of the airline; Ravi Nedungadi, president and chief financial officer of the group; and A. Harish Bhat, deputy president, corporate finance.</span><br />
<span style="font-size: medium;">The always-articulate Mallya made a PowerPoint presentation in which he meticulously charted the future of the airline, the licence of which was suspended in October by the Directorate General of Civil Aviation (DGCA), India’s aviation regulator, following a strike by the airline’s employees. The airline’s operating licence has since expired.</span><br />
<span style="font-size: medium;">According to the proposal presented by Mallya—based on a revival plan submitted by the airline to DGCA—Kingfisher would restart operations with seven aircraft and increase it to 21 in four months. At its peak, Kingfisher Airlines was flying 66 planes to 68 locations, including eight international destinations, with 374 flights a day, and accounted for 20% of the market.</span><br />
<span style="font-size: medium;">Mallya’s audience—representatives of a consortium of 14 banks that have a Rs.7,000 crore exposure to the troubled airline—gave him a patient hearing. At the end of it, one of them asked Mallya a question: what’s in it for the lenders? Mallya didn’t have an answer.</span><br />
<span style="font-size: medium;">Still, the meeting wasn’t entirely unproductive. It ended with the formation of a core group to assess the airline’s proposal to restart operations and identify ways for lenders to recover their money. The members of the core group are State Bank of India (SBI), Punjab National Bank (PNB), Bank of Baroda, Bank of India, IDBI Bank Ltd and United Bank of India.</span><br />
<span style="font-size: medium;">The group met in Bangalore on 4 January but made no headway. With Diageo Plc of the UK buying a 27.4% stake in UB Group company United Spirits Ltd for £660 million (this will be followed by an open offer to buy another 26% from the public shareholders of United Spirits), the bankers went into that meeting hoping Mallya would come up with a concrete plan to take care of their interests.</span><br />
<span style="font-size: medium;">Their belief was strengthened by an offering Mallya made on 18 December, his birthday, at Hindu god Venkateswara’s shrine in Tirupati in Andhra Pradesh—3kg of gold worth close to Rs.1 crore.</span><br />
<span style="font-size: medium;">But Mallya did not oblige.</span><br />
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<span style="font-size: medium;">Lenders’ largesse</span><br />
<span style="font-size: medium;">The core group will meet again in Mumbai on 18 January, possibly to take a final call on the money owed by Kingfisher Airlines—arguably the most high-profile bad asset Indian banks have ever had on their books.</span><br />
<span style="font-size: medium;">The banks can’t be blamed; if anything, they have been far too patient and much too generous.</span><br />
<span style="font-size: medium;">They first restructured Kingfisher’s debt in November 2010. To infuse life into the airline, ailing even then, banks in the consortium converted Rs.1,355 crore of debt into equity, at a 61.6% premium to the market price of Kingfisher Airlines’ stock. Following this, banks own 23.21% of the airline’s equity. The promoter, too, converted Rs.648 crore of debt into equity. Apart from this, the bankers also stretched the period of repayment of loans to nine years with a two-year moratorium, cut the interest rates, and sanctioned a fresh loan.</span><br />
<span style="font-size: medium;">The idea was to bring down the debt of the airline, push up its equity-debt ratio, and improve its cash flow. Since its inception in 2005, Kingfisher has never returned a net profit. And its losses zoomed after it acquired low-cost airline Deccan Aviation Ltd in 2007. Between fiscal 2008-09 and September 2012, its accumulated losses reached Rs.8,015.8 crore.</span><br />
<span style="font-size: medium;">The bankers agreed to throw good money after bad money in the belief that this would improve the health of the airline and ultimately help them recover their dues. Now, they regret it.</span><br />
<span style="font-size: medium;">Interestingly, some of them admit there were more than just commercial interests at play in their generosity. In private, some bankers hint at pressure from certain quarters to restructure the loan. Mallya has been a member of the Rajya Sabha, the Upper House of India’s Parliament, since 2002.</span><br />
<span style="font-size: medium;">Still, whatever forces may have been at work, the bankers insisted on a safety net.</span><br />
<span style="font-size: medium;">Since most airlines lease aircraft, banks do not get planes as primary security for loans given to airlines. So what do the bankers have as collateral? They took fresh collateral from Mallya during the restructuring—two properties in Mumbai and Goa worth Rs.70 crore, two helicopters worth Rs.84 crore, and shares of United Spirits and Mangalore Chemicals and Fertilizers Ltd worth Rs.450 crore at current market prices. They also took the first charge on fixed assets such as coaches that ferry passengers to the tarmac and tractors, worth Rs.150 crore. In case of a default, lenders with a first charge have the option to seize the assets.</span><br />
<span style="font-size: medium;">The banks also received a corporate guarantee from United Breweries Holdings Ltd, the holding company of the group, and a personal guarantee from Mallya. Finally, they also took as collateral the Kingfisher brand, valued at Rs.3,000 crore by audit firm Grant Thornton India.</span><br />
<span style="font-size: medium;">Personal guarantee</span><br />
<span style="font-size: medium;">In an indication of the kind of sway he once exerted over the bankers, Mallya charged the banks Rs.98 crore for offering a personal guarantee. Once the banking regulator Reserve Bank of India (RBI) got to know of this, it asked the banks to recover the money. The amount was initially debited from Kingfisher Airlines’ liability to banks in its 2010-11 profit and loss account, but the next year the entry was reversed, thus doing away with the fee. Now, the banks seem determined to take their dealings with the airline to their logical end—one that could well mean the end of the airline, too.</span><br />
<span style="font-size: medium;">Mallya is willing to bring in money to make the airline operational and have a limited restart in the summer of 2013. In a 10 January letter to employees, he promised to infuse Rs.650 crore to do this. The money will come from the UB Group and its associates. Among Kingfisher’s dues are unpaid salaries, and payments to oil marketing companies and private and public airport operators, and the Rs.650 crore will be used to meet these obligations, at least partially.</span><br />
<span style="font-size: medium;">The banks are unlikely to allow this to happen. They want around Rs.800 crore on the table for themselves—half of which is technically called an “irregular amount”, or the dues not paid. This means Mallya would need to bring in at least Rs.1,450 crore to restart operations (that is if Rs.650 crore is enough to take care of other obligations at this point).</span><br />
<span style="font-size: medium;">If indeed he does that, technically the banks will have scope to restructure the account once again—this is within the realm of the possible—through the so-called corporate debt restructuring (CDR) route. If Mallya does not bring in the money for the lenders, he won’t be able to restart the airline because the aviation regulator, DGCA, will seek a no-objection note from banks and that might not be forthcoming.</span><br />
<span style="font-size: medium;">The banks can afford to be aggressive as they have nothing to lose. Technically, the Kingfisher debt account turned bad in 2009 even before the first restructuring happened. This is because when a restructured loan turns bad, RBI norms mandate that the lenders backdate it to the time before the restructuring exercise was taken up. Most banks have already set aside money to cover the bad loan, and every rupee recovered from Kingfisher will add to their profits.</span><br />
<span style="font-size: medium;">SBI, the leader of the consortium, has the maximum exposure at Rs.1,600 crore, followed by PNB (Rs.800 crore), IDBI Bank (Rs.800 crore), Bank of India (Rs.650 crore), Bank of Baroda (Rs.550 crore), United Bank of India (Rs.430 crore), Central Bank of India (Rs.410 crore), Uco Bank (Rs.320 crore), Corporation Bank (Rs.310 crore), State Bank of Mysore, an SBI associate bank (Rs.150 crore), Indian Overseas Bank (Rs.140 crore), Federal Bank Ltd (Rs.90 crore), Punjab and Sind Bank (Rs.60 crore) and Axis Bank Ltd (Rs.50 crore). Overall, their exposure is Rs.6,360 crore, and once the unapplied interest is added, it becomes Rs.7,000 crore.</span><br />
<span style="font-size: medium;">There are other lenders outside the consortium. They are Srei Infrastructure Finance Ltd (Rs.430 crore), Jammu and Kashmir Bank Ltd (Rs.80 crore) and Oriental Bank of Commerce (Rs.50 crore).</span><br />
<span style="font-size: medium;">A debt fund operated by Kolkata-based Srei Infrastructure Finance bought ICICI Bank Ltd’s exposure to the airline in July 2012. The non-banking financial company and Jammu and Kashmir Bank has shares of United Spirits and McDowell Holdings Ltd as collateral. The current market value of these shares is about Rs.350 crore—more than their exposure. The consortium has an arrangement with these two entities to get hold of the additional shares and sell them to recover their dues.</span><br />
<span style="font-size: medium;">Recalling the loan</span><br />
<span style="font-size: medium;">At least one lender claims to have sent a recall notice to the company some time back, but claims it could not follow up because of pressure from a certain quarter. A senior executive of the bank said he received a call from a bureaucrat from Delhi asking him to follow the leader of the consortium and not to do anything outside that.</span><br />
<span style="font-size: medium;">But things have changed in the Capital as well, and it now looks like there will not be any pressure from any quarter and banks can chart out their course.</span><br />
<span style="font-size: medium;">What can they do?</span><br />
<span style="font-size: medium;">They can move for liquidation of Kingfisher. And for this, they do not need to take legal recourse. Under the Securitisation and Reconstruction of Financial Assets and Enforcement of Security Interest Act, secured creditors can move a debt recovery tribunal to recover their money.</span><br />
<span style="font-size: medium;">A sale of the Mumbai and Goa properties, two helicopters, other fixed assets and shares of UB Group companies can generate around Rs.1,000 crore, roughly 15% of the money that Mallya owes banks.</span><br />
<span style="font-size: medium;">By virtue of holding the Kingfisher brand as collateral, the banks can prevent United Breweries from using it for its beer, which is sold in 52 markets and accounts for more than one-third of the Indian beer market. And if indeed the banks become aggressive—as they are planning to be—Mallya will have to stop printing the Kingfisher calendar, too, a prestigious project since 2003 in which ace photographer Atul Kasbekar shoots models and film actors on the beaches of Mauritius, the Maldives and the French Riviera.</span><br />
<span style="font-size: medium;">The corporate guarantee of United Breweries Holdings will also come in handy.</span><br />
<span style="font-size: medium;">Finally, the banks can play havoc with Mallya’s personal guarantee by seizing all his assets. If Mallya transfers his personal assets to others in his family for fear of losing them to the banks, the banks can move criminal proceedings against him.</span><br />
<span style="font-size: medium;">As if these are not enough, if banks choose to declare Mallya as a “wilful defaulter”, none of his group companies will be able to access bank funding.</span><br />
<span style="font-size: medium;">All this is in theory, and I am not convinced the banks will be able to stick to their guns, but at this point, one thing is certain—they are fast losing their patience. With no pressure from other quarters to throw another lifeline to the airline, they are expected to firm up a plan of action by the end of January and start executing it before the fiscal year ends in March.</span><br />
<span style="font-size: medium;">Their position will change if Mallya is able to offer money to them in addition to generating funds that he needs to make the airline operational in a modest way.</span><br />
<span style="font-size: medium;">If he fails, banks can remove him from the cockpit and hijack his entire empire. They are not as vulnerable as they seem to be.</span><br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/india/news/kingfisher-lenders-meet-todaydebt-repaymentrevival-plan/499204/&ct=ga&cad=CAEQAhgAIAAoATABOAFAqerihwVIAVAAWABiBWVuLVVT&cd=-T90iuxFHus&usg=AFQjCNGFyN2BFx97syxS4O8B4uTemPXqcg" style="color: #1111cc; text-decoration: initial;" target="_blank"><b>Kingfisher</b>-lenders meet today on debt repayment and revival plan</a><br />
<a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Business Standard</a><br />
Yesterday, <b>Kingfisher</b> got No-Objection Certificates (NOCs) from oil companies and leasers to start operations. However, it is yet to get NOCs from the banks, airport operators, Airport Authority of India ( AAI) and Director General of Civil Aviation <b>...</b><br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://daily.bhaskar.com/article/MON-kingfisher-rs-264-cr-tds-case-to-be-heard-on-jan-21-4151227-NOR.html%3FOTS%3D&ct=ga&cad=CAEQAhgAIAAoATACOAJAqerihwVIAVAAWABiBWVuLVVT&cd=-T90iuxFHus&usg=AFQjCNHayQsXByVMkN7kuhY43Y1B-zjfCw" style="color: #1111cc; text-decoration: initial;" target="_blank"><b>Kingfisher</b> R 264 cr TDS case to be heard on Jan 21</a><br />
<a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Daily Bhaskar</a><br />
New Delhi: <b>Kingfisher</b> Airlines has approached the Supreme Court (SC) to hear their plea against a Karnataka Court which had ordered the ailing airliner, to deposit 50% of the income tax demanded by the department, and also provide a bank gurantee of <b>...</b><br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/banking/bankers-to-meet-kingfisher-officials-on-friday/article4316759.ece%3Fhomepage%3Dtrue%26ref%3Dwl_home&ct=ga&cad=CAEQAhgAIAAoATAAOABAqerihwVIAVAAWABiBWVuLVVT&cd=-T90iuxFHus&usg=AFQjCNGiJ0Xofdt50n7PvIjAJj7Rl9N2mA" style="color: #1111cc; text-decoration: initial;" target="_blank">Bankers to meet <b>Kingfisher</b> officials on Friday</a><br />
<a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Hindu Business Line</a><br />
A core group of bankers will meet <b>Kingfisher</b> Airlines' officials on Friday to consider the way forward on their Rs 7,500-crore exposure to the beleaguered airlines. The moot question is whether the airline can be revived or they should proceed with <b>...</b><br />
<a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thehindubusinessline.com/industry-and-economy/banking/bankers-to-meet-kingfisher-officials-on-friday/article4316759.ece%253Fhomepage%253Dtrue%2526ref%253Dwl_home%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABAqerihwVIAVAAWABiBWVuLVVT&cd=-T90iuxFHus&usg=AFQjCNEOik8gRY2A84-PxkGKiLfoUruosQ" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thehindubusinessline.com/industry-and-economy/banking/bankers-to-meet-kingfisher-officials-on-friday/article4316759.ece%3Fhomepage%3Dtrue%26ref%3Dwl_home&hl=en&geo=us">See all stories on this topic »</a></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/logistics/kingfisher-airlines-shows-noc-from-vendors-to-restart-operations/article4311842.ece%3Fhomepage%3Dtrue&ct=ga&cad=CAEQAhgAIAAoATADOANAqerihwVIAVAAWABiBWVuLVVT&cd=-T90iuxFHus&usg=AFQjCNEu9Ouao3GwGzaVR9YFMi8mlPQPcw" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> Airlines shows NoC from vendors to restart operations</a><br />
<a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Hindu Business Line</a><br />
<b>Kingfisher</b> expressed the hope that it would be able to restart operations during the summer schedule. Globally, the summer schedule of airlines starts in March and ends in October. The airline suspended operations on October 1, 2012 and its licence was <b>...</b><br />
<a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thehindubusinessline.com/industry-and-economy/logistics/kingfisher-airlines-shows-noc-from-vendors-to-restart-operations/article4311842.ece%253Fhomepage%253Dtrue%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANAqerihwVIAVAAWABiBWVuLVVT&cd=-T90iuxFHus&usg=AFQjCNG2fNzOj8l8GxhRJuDZho1qpcYHIA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thehindubusinessline.com/industry-and-economy/logistics/kingfisher-airlines-shows-noc-from-vendors-to-restart-operations/article4311842.ece%3Fhomepage%3Dtrue&hl=en&geo=us">See all stories on this topic »</a></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.businessweek.com/news/2013-01-18/dvb-says-india-plane-lease-costs-to-rise-on-kingfisher-default&ct=ga&cad=CAcQAhgAIAAoATAAOABAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNGXJQLpL2vJlo2lgi6QopeK0wNVHQ" style="color: #1111cc;" target="_blank">DVB Says India Plane Lease Costs to Rise on <b>Kingfisher</b> Default</a><br />
<a href="http://www.blogger.com/blogger.g?blogID=1284816925263509141" style="color: #777777;">Businessweek</a><br />Jet Airways (India) Ltd. (JETIN) and rival carriers in the nation face rising aircraft financing costs after<b>Kingfisher</b> Airlines Ltd. defaulted on leases and Indian authorities failed to help recover the planes, DVB (DVB) Bank SE said. “Risk is perhaps <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.businessweek.com/news/2013-01-18/dvb-says-india-plane-lease-costs-to-rise-on-kingfisher-default%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAAOABAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNGnpVYGQtrzU4Wf9tA5wRTGoBIbUg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.businessweek.com/news/2013-01-18/dvb-says-india-plane-lease-costs-to-rise-on-kingfisher-default&hl=en&geo=us">See all stories on this topic »</a></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://zeenews.india.com/business/news/companies/kingfisher-management-to-meet-lenders-today_68386.html&ct=ga&cad=CAcQAhgAIAAoATABOAFAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNE3w8fAuTRJ090vhYzx1GtwMyPOCw" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> management to meet lenders today</a><br />
<a href="http://www.blogger.com/blogger.g?blogID=1284816925263509141" style="color: #777777;">Zee News</a><br />Mumbai: The meeting between bankers and management of ailing <b>Kingfisher</b> Airlines on Friday is being considered crucial as it will determine the future course of action by lenders. "Friday will really be a challenging day for Vijay Mallya (airline <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://zeenews.india.com/business/news/companies/kingfisher-management-to-meet-lenders-today_68386.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjABOAFAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNEvZHn5BgfwhNpxjAfgv_0iOIJY7g" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://zeenews.india.com/business/news/companies/kingfisher-management-to-meet-lenders-today_68386.html&hl=en&geo=us">See all stories on this topic »</a><br />
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<br /></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://zeenews.india.com/business/news/companies/kingfisher-management-to-meet-lenders-today_68386.html&ct=ga&cad=CAcQAhgAIAAoAjABOAFAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNE3w8fAuTRJ090vhYzx1GtwMyPOCw" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="42" width="80" /></a><br /><a href="http://www.google.com/url?sa=X&q=http://zeenews.india.com/business/news/companies/kingfisher-management-to-meet-lenders-today_68386.html&ct=ga&cad=CAcQAhgAIAAoAzABOAFAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNE3w8fAuTRJ090vhYzx1GtwMyPOCw" style="color: #1155cc;" target="_blank">Zee News</a></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/india/news/kingfisher-lenders-meet-todaydebt-repaymentrevival-plan/499204/&ct=ga&cad=CAcQAhgAIAAoATACOAJAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNGFyN2BFx97syxS4O8B4uTemPXqcg" style="color: #1111cc;" target="_blank"><b>Kingfisher</b>-lenders meet today on debt repayment and revival plan</a><br />
<a href="http://www.blogger.com/blogger.g?blogID=1284816925263509141" style="color: #777777;">Business Standard</a><br />Yesterday, <b>Kingfisher</b> got No-Objection Certificates (NOCs) from oil companies and leasers to start operations. However, it is yet to get NOCs from the banks, airport operators, Airport Authority of India ( AAI) and Director General of Civil Aviation <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.business-standard.com/india/news/kingfisher-lenders-meet-todaydebt-repaymentrevival-plan/499204/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjACOAJAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNGkFhXqpECpyeNpTlXNv11UU_HJuQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.business-standard.com/india/news/kingfisher-lenders-meet-todaydebt-repaymentrevival-plan/499204/&hl=en&geo=us">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/banking/bankers-to-meet-kingfisher-officials-on-friday/article4316759.ece%3Fhomepage%3Dtrue%26ref%3Dwl_home&ct=ga&cad=CAcQAhgAIAAoATADOANAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNGiJ0Xofdt50n7PvIjAJj7Rl9N2mA" style="color: #1111cc;" target="_blank">Bankers to meet <b>Kingfisher</b> officials on Friday</a><br />
<a href="http://www.blogger.com/blogger.g?blogID=1284816925263509141" style="color: #777777;">Hindu Business Line</a><br />A core group of bankers will meet <b>Kingfisher</b> Airlines' officials on Friday to consider the way forward on their Rs 7,500-crore exposure to the beleaguered airlines. The moot question is whether the airline can be revived or they should proceed with <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thehindubusinessline.com/industry-and-economy/banking/bankers-to-meet-kingfisher-officials-on-friday/article4316759.ece%253Fhomepage%253Dtrue%2526ref%253Dwl_home%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjADOANAy4vkhwVIAVAAWABiBWVuLVVT&cd=wDn4_gr3zic&usg=AFQjCNEOik8gRY2A84-PxkGKiLfoUruosQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thehindubusinessline.com/industry-and-economy/banking/bankers-to-meet-kingfisher-officials-on-friday/article4316759.ece%3Fhomepage%3Dtrue%26ref%3Dwl_home&hl=en&geo=us">See all stories on this topic »</a><br /><br />
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-moves-supreme-court-on-rs-234-crore-tds-dispute/articleshow/18055011.cms&ct=ga&cad=CAEQAhgAIAAoATAAOABApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNEkpOY4oxZNWCB3LXiZUEeDUnUNlA" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b> moves Supreme Court on Rs 234 crore TDS dispute</a><br /><span><a href="" style="color: #777777;">Economic Times</a><br />NEW DELHI: Grounded carrier <b>Kingfisher Airlines</b> moved the Supreme Court on Wednesday challenging a Karnataka High Court order of December 5 that directed it to pay about Rs 234 crore of income tax dues within six weeks. The Vijay Mallya-owned<b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-moves-supreme-court-on-rs-234-crore-tds-dispute/articleshow/18055011.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNEvcIF_UGSA7zTA71hvNp-WwuWqNg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-moves-supreme-court-on-rs-234-crore-tds-dispute/articleshow/18055011.cms&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-moves-supreme-court-on-rs-234-crore-tds-dispute/articleshow/18055011.cms&ct=ga&cad=CAEQAhgAIAAoAjAAOABApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNEkpOY4oxZNWCB3LXiZUEeDUnUNlA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="47" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-airlines-moves-supreme-court-on-rs-234-crore-tds-dispute/articleshow/18055011.cms&ct=ga&cad=CAEQAhgAIAAoAzAAOABApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNEkpOY4oxZNWCB3LXiZUEeDUnUNlA" style="color: #1155cc;" target="_blank">Economic Times</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://timesofindia.indiatimes.com/business/india-business/Kingfisher-Airlines-gets-NOC-from-oil-firms-leasers-to-fly-again/articleshow/18047921.cms&ct=ga&cad=CAEQAhgAIAAoATABOAFApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNFswWnuyfmEWn4tlAbqWuuRt8OQ_A" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b> gets NOC from oil firms, leasers to fly again</a><br /><span><a href="" style="color: #777777;">Times of India</a><br />NEW DELHI: <b>Kingfisher Airlines</b> has been given a "no objection certificate" from oil companies and some aircraft leasing companies to restart operations, a senior regulatory source said on Wednesday. Kingfisher shares extended gains to 6 per cent on the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://timesofindia.indiatimes.com/business/india-business/Kingfisher-Airlines-gets-NOC-from-oil-firms-leasers-to-fly-again/articleshow/18047921.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNFDJMV20SJhxl9csdMkLjVWTzAZIg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://timesofindia.indiatimes.com/business/india-business/Kingfisher-Airlines-gets-NOC-from-oil-firms-leasers-to-fly-again/articleshow/18047921.cms&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://profit.ndtv.com/news/corporates/article-kingfisher-airlines-fails-to-provide-details-on-financing-revival-plan-316289&ct=ga&cad=CAEQAhgAIAAoATACOAJApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNENW4aZrFlmNxZif9nc43HCeHbdNA" style="color: #1111cc;" target="_blank">KFA fails to provide financing details for revival</a><br /><span><a href="" style="color: #777777;">NDTV</a><br />New Delhi: Grounded <b>Kingfisher Airlines</b> today made another attempt to convince the Director General of Civil Aviation on its revival plans, but failed to provide any details on its funding that the aviation regulator had asked for. Kingfisher CEO <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://profit.ndtv.com/news/corporates/article-kingfisher-airlines-fails-to-provide-details-on-financing-revival-plan-316289%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNFjDPq_IKAOVHgLnGza1qUud1ZDrQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://profit.ndtv.com/news/corporates/article-kingfisher-airlines-fails-to-provide-details-on-financing-revival-plan-316289&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://profit.ndtv.com/news/corporates/article-kingfisher-airlines-challenges-rs-185-crore-income-tax-order-in-supreme-court-316306&ct=ga&cad=CAEQAhgAIAAoATADOANApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNHFPXidfxmKU3U7nWDT3uqOpYOwRQ" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b> challenges Rs 185 crore income tax order in Supreme Court</a><br /><span><a href="" style="color: #777777;">NDTV</a><br />New Delhi: Vijay Mallya-owned <b>Kingfisher Airlines</b> today approached the Supreme Court challenging the Karnataka High Court's order directing it to deposit around Rs 185 crore with the Income Tax Department as tax deducted at source (TDS) from its <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://profit.ndtv.com/news/corporates/article-kingfisher-airlines-challenges-rs-185-crore-income-tax-order-in-supreme-court-316306%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNGz79Z9UkYTuctqwudWf165FEuogA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://profit.ndtv.com/news/corporates/article-kingfisher-airlines-challenges-rs-185-crore-income-tax-order-in-supreme-court-316306&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://zeenews.india.com/business/news/companies/kingfisher-airlines-gets-no-objection-certificate-from-oil-companies_68216.html&ct=ga&cad=CAEQAhgAIAAoATAEOARApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNGNueNAXsORK2psa93EtTfkyMEx_A" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b> gets no objection certificate from Oil companies</a><br /><span><a href="" style="color: #777777;">Zee News</a><br />New Delhi: There seems to be some ray of hope for beleaguered <b>Kingfisher Airlines</b>that has been given a "no objection certificate" by oil companies and some aircraft leasing companies to restart operations, a news wire quoting sources said on Wednesday.<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://zeenews.india.com/business/news/companies/kingfisher-airlines-gets-no-objection-certificate-from-oil-companies_68216.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNEcgO3X8bKdODj8syCgvDR7HRCxIg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://zeenews.india.com/business/news/companies/kingfisher-airlines-gets-no-objection-certificate-from-oil-companies_68216.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://zeenews.india.com/business/news/companies/kingfisher-airlines-gets-no-objection-certificate-from-oil-companies_68216.html&ct=ga&cad=CAEQAhgAIAAoAjAEOARApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNGNueNAXsORK2psa93EtTfkyMEx_A" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="42" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://zeenews.india.com/business/news/companies/kingfisher-airlines-gets-no-objection-certificate-from-oil-companies_68216.html&ct=ga&cad=CAEQAhgAIAAoAzAEOARApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNGNueNAXsORK2psa93EtTfkyMEx_A" style="color: #1155cc;" target="_blank">Zee News</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/logistics/kingfisher-gets-noc-from-oil-companies/article4311842.ece&ct=ga&cad=CAEQAhgAIAAoATAFOAVApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNHVNYqbWsMjsJW3HaW48tfG8scojA" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b> shows NoC from vendors to restart operations</a><br /><span><a href="" style="color: #777777;">Hindu Business Line</a><br /><b>Kingfisher Airlines</b> will need to convince the Directorate General of Civil Aviation on the defunct airline's funding plans and the payment of salaries to employees before it is likely to be allowed to take to the skies again. This emerged at a meeting <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thehindubusinessline.com/industry-and-economy/logistics/kingfisher-gets-noc-from-oil-companies/article4311842.ece%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNEMPXuGrBpvQ4lx8eBmyIKEnGjAWw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thehindubusinessline.com/industry-and-economy/logistics/kingfisher-gets-noc-from-oil-companies/article4311842.ece&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/logistics/kingfisher-gets-noc-from-oil-companies/article4311842.ece&ct=ga&cad=CAEQAhgAIAAoAjAFOAVApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNHVNYqbWsMjsJW3HaW48tfG8scojA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="77" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/logistics/kingfisher-gets-noc-from-oil-companies/article4311842.ece&ct=ga&cad=CAEQAhgAIAAoAzAFOAVApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNHVNYqbWsMjsJW3HaW48tfG8scojA" style="color: #1155cc;" target="_blank">Hindu Business Line</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-gets-no-objection-from-oil-cos-leasers-to-fly-again-source/articleshow/18044017.cms&ct=ga&cad=CAEQAhgAIAAoATAGOAZApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNHdLeMRpijwAJsdpPN6GyLJn7a99g" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> gets 'no objection' from oil cos, leasers to fly again: source</a><br /><span><a href="" style="color: #777777;">Economic Times</a><br />NEW DELHI: <b>Kingfisher Airlines</b> came better prepared to meet aviation regulator DGCA on Wednesday presenting no-objection certificates by oil and leasing companies, claiming to start operations this summer but authorities remained unconvinced in the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-gets-no-objection-from-oil-cos-leasers-to-fly-again-source/articleshow/18044017.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZApKzehwVIAVAAWABiBWVuLVVT&cd=CpSQm8ViZJY&usg=AFQjCNEJAYzosf_UZ7zDZhKZgsWH-W0b-w" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://economictimes.indiatimes.com/news/news-by-industry/transportation/airlines-/-aviation/kingfisher-gets-no-objection-from-oil-cos-leasers-to-fly-again-source/articleshow/18044017.cms&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-75209291570429773402013-01-12T00:41:00.001-08:002013-01-12T00:41:25.309-08:00Kingfisher Airline Head says he wants the Airline to Restart<div dir="ltr" style="text-align: left;" trbidi="on">
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<div class="post-body entry-content" id="post-body-8102429184044183466" itemprop="description articleBody" style="background-color: white; color: #222222; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 1.4; position: relative; width: 490px;">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkIdNiiqkUUsRDUYgqVtd4_8gFOt4y8_KhTZmYM62ELO9FBlXirLfR3REJJ-yCDUTaFUwqkQEwo-HSlFo300WZiMUIyRmqIA_tYCIeVHR1nzvRuWtukrzTLbvVYLXcQTdpq7EPZB7MW7Vb/s1600/vjm.jpg" imageanchor="1" style="color: #888888; font-size: 13px; line-height: 1.4; margin-left: 1em; margin-right: 1em; text-align: center; text-decoration: initial;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhkIdNiiqkUUsRDUYgqVtd4_8gFOt4y8_KhTZmYM62ELO9FBlXirLfR3REJJ-yCDUTaFUwqkQEwo-HSlFo300WZiMUIyRmqIA_tYCIeVHR1nzvRuWtukrzTLbvVYLXcQTdpq7EPZB7MW7Vb/s1600/vjm.jpg" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" /></a><br /><br /><span style="font-size: medium;"><br /></span><span style="font-size: medium;">The head of the troubled Kingfisher Airline has sent a rare communication to staff outlining plans to restart limited operations, Agence France Presse reports.</span><br /><span style="font-size: medium;"><br /></span><span style="font-size: medium;">India's Kingfisher has been grounded since October when it lost permission to fly after a deadline to renew a suspended license with regulators came and went at the start of the year.</span><br /><span style="font-size: medium;"><br /></span><span style="font-size: medium;">Problems began last year, and many of Kingfisher's employees are still owed wages.</span><br /><span style="font-size: medium;"><br /></span><div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXTxvYVfMZGxaraoXqFSrho66TCjDQzqPThroqe9nlfYlWlHq-O8kfGSc-YzIKQfuSe4xvDfVZmj69N7QiAWKvYS5BnTHgTlD2u-6gBJG9D2h7I4x4ZuDvPzQt1LgEOafyhbAyggMB4n_T/s1600/a1cabs.jpg" imageanchor="1" style="color: #888888; margin-left: 1em; margin-right: 1em; text-decoration: initial;"><img border="0" height="175" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEgXTxvYVfMZGxaraoXqFSrho66TCjDQzqPThroqe9nlfYlWlHq-O8kfGSc-YzIKQfuSe4xvDfVZmj69N7QiAWKvYS5BnTHgTlD2u-6gBJG9D2h7I4x4ZuDvPzQt1LgEOafyhbAyggMB4n_T/s320/a1cabs.jpg" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" width="320" /></a></div>
<span style="font-size: medium;"><br /></span><span style="font-size: medium;"><br /></span><span style="font-size: medium;">Dr Vijay Mallya's email, sent late Wednesday, said he hopes to restart flights this March with $118 million provided by the airline's parent UB Group.</span><br /><div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLol_TwrgUVP6I9vJeuOu_RhTojEfg1xILVsQ9-HMU_nyobd29AfbYPEuvgsLMBll5x1fypxpzCGG0RrFMdGs6UfhQSeg_Y1sDEH5YeR3M1TNrMfwOAPhfeI1L_UWvPmG3shoPtWEsnzod/s1600/KingfisherStaffGrievance.jpg" imageanchor="1" style="color: #888888; margin-left: 1em; margin-right: 1em; text-decoration: initial;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEhLol_TwrgUVP6I9vJeuOu_RhTojEfg1xILVsQ9-HMU_nyobd29AfbYPEuvgsLMBll5x1fypxpzCGG0RrFMdGs6UfhQSeg_Y1sDEH5YeR3M1TNrMfwOAPhfeI1L_UWvPmG3shoPtWEsnzod/s1600/KingfisherStaffGrievance.jpg" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" /></a></div>
<span style="font-size: medium;"><br /></span><span style="font-size: medium;"><br /></span><span style="font-size: medium;">In the email, seen by AFP, he said there were "discussions with multiple investors", including Abu Dhabi-based Etihad Airways, to sell a stake in the airline.</span><br /><span style="font-size: medium;"><br /></span><span style="font-size: medium;">"We remain confident that we will secure a deal," he wrote in the email.</span><br /><span style="font-size: medium;"><br /></span><span style="font-size: medium;">When Kingfisher's flights were canceled, passengers were either accommodated on other airlines or offered a full refund.</span><br /><span style="font-size: medium;"><br /></span><div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijbdUf0vrmOcJlxJ5TIl8UIzvymQyYaOOle8fYn7p7B9JlBopa4sybwf0wwI3CVCRg0yspE_2Wvn5Kt5i90_V1Iu32iiWi2GGXMHrwbqiT3JPRuze7GidpufEcHEHRxppLv1k0AvMgF1os/s1600/dr-vijay-mallya.jpg" imageanchor="1" style="color: #888888; margin-left: 1em; margin-right: 1em; text-decoration: initial;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEijbdUf0vrmOcJlxJ5TIl8UIzvymQyYaOOle8fYn7p7B9JlBopa4sybwf0wwI3CVCRg0yspE_2Wvn5Kt5i90_V1Iu32iiWi2GGXMHrwbqiT3JPRuze7GidpufEcHEHRxppLv1k0AvMgF1os/s1600/dr-vijay-mallya.jpg" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" /></a></div>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://timesofindia.indiatimes.com/business/india-business/Government-questions-Mallyas-claim-of-Kingfisher-Airlines-flying-again/articleshow/17989095.cms&ct=ga&cad=CAEQAhgAIAAoATAAOABApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNGYwhScvS_hGja1crirK4_xeW6BJA" style="color: #1111cc;" target="_blank">Government questions Mallya's claim of <b>Kingfisher Airlines</b> flying again</a><br /><span><a href="" style="color: #777777;">Times of India</a><br />NEW DELHI: <b>Kingfisher</b> promoter Vijay Mallya's claim of restarting the <b>airline</b> by summer in a letter sent to employees on Thursday has been debunked by senior aviation ministry and Directorate General of Civil Aviation (DGCA) officials. They say the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://timesofindia.indiatimes.com/business/india-business/Government-questions-Mallyas-claim-of-Kingfisher-Airlines-flying-again/articleshow/17989095.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNHQyyRV-XsER1xgSjuLg467hqVdnw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://timesofindia.indiatimes.com/business/india-business/Government-questions-Mallyas-claim-of-Kingfisher-Airlines-flying-again/articleshow/17989095.cms&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.usatoday.com/story/todayinthesky/2013/01/11/kingfisher-suspended-restart/1825965/&ct=ga&cad=CAEQAhgAIAAoATABOAFApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNFRIH3Jn42sogmj7hmn_e7SIEvM5g" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> head says he wants the <b>airline</b> to restart</a><br /><span><a href="" style="color: #777777;">USA TODAY</a><br />The head of the troubled <b>Kingfisher airline</b> has sent a rare communication to staff outlining plans to restart limited operations, Agence France Presse reports. India's Kingfisher has been grounded since October when it lost permission to fly after a <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.usatoday.com/story/todayinthesky/2013/01/11/kingfisher-suspended-restart/1825965/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNHzbakyXoOBzHaKd5zDlB2dogpYFw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.usatoday.com/story/todayinthesky/2013/01/11/kingfisher-suspended-restart/1825965/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://indiatoday.intoday.in/story/service-tax-dept-notices-kingfisher-impounds-all-aircraft-vijay-mallya-writes-to-emplyoees/1/241693.html&ct=ga&cad=CAEQAhgAIAAoATACOAJApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNGC5W9k79N80E0iaw_GeBI80OQlvg" style="color: #1111cc;" target="_blank">Tax authorities confiscate <b>Kingfisher Airlines</b> chairman Vijay Mallya's luxury <b>...</b></a><br /><span><a href="" style="color: #777777;">India Today</a><br />Tax authorities have confiscated the Airbus A-319 luxury jet that Vijay Mallya , chiarman of grounded <b>Kingfisher Airlines</b> , was using exclusively for his personal trips. Airbus A-319 luxury jet. Even after Kingfisher was grounded and over 4,000 <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://indiatoday.intoday.in/story/service-tax-dept-notices-kingfisher-impounds-all-aircraft-vijay-mallya-writes-to-emplyoees/1/241693.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNG_805ZNt5MaVOf1y5yvKksXoDHQw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://indiatoday.intoday.in/story/service-tax-dept-notices-kingfisher-impounds-all-aircraft-vijay-mallya-writes-to-emplyoees/1/241693.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://indiatoday.intoday.in/story/service-tax-dept-notices-kingfisher-impounds-all-aircraft-vijay-mallya-writes-to-emplyoees/1/241693.html&ct=ga&cad=CAEQAhgAIAAoAjACOAJApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNGC5W9k79N80E0iaw_GeBI80OQlvg" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="51" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://indiatoday.intoday.in/story/service-tax-dept-notices-kingfisher-impounds-all-aircraft-vijay-mallya-writes-to-emplyoees/1/241693.html&ct=ga&cad=CAEQAhgAIAAoAzACOAJApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNGC5W9k79N80E0iaw_GeBI80OQlvg" style="color: #1155cc;" target="_blank">India Today</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://timesofindia.indiatimes.com/business/india-business/Kingfisher-Airlines-revival-plan-not-enough-to-restart-ops-Official/articleshow/17979844.cms&ct=ga&cad=CAEQAhgAIAAoATADOANApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNFaswLAQkZgkrPJOFzLSFWeWeZs4g" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b>' revival plan not enough to restart ops: Official</a><br /><span><a href="" style="color: #777777;">Times of India</a><br />NEW DELHI: <b>Kingfisher Airlines</b>' planned investment of 6.5 billion rupees ($119 million) as part of a plan to return the airline to the skies is not enough to restart operations at the troubled carrier, a senior aviation regulatory official said <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://timesofindia.indiatimes.com/business/india-business/Kingfisher-Airlines-revival-plan-not-enough-to-restart-ops-Official/articleshow/17979844.cms%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNG2U4nPyhOatjiskikL3CkehAd8Gg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://timesofindia.indiatimes.com/business/india-business/Kingfisher-Airlines-revival-plan-not-enough-to-restart-ops-Official/articleshow/17979844.cms&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://profit.ndtv.com/news/corporates/article-kingfisher-airlines-revival-plan-not-enough-to-restart-operations-dgca-315995&ct=ga&cad=CAEQAhgAIAAoATAEOARApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNEidTxcW-UxPSOlV4QQL0uNhVa5gA" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b>' revival plan not enough to restart operations: DGCA</a><br /><span><a href="" style="color: #777777;">NDTV</a><br /><b>Kingfisher Airlines</b>' planned investment of Rs 650 crore is not enough to restart operations at the grounded Indian carrier, aviation regulator Directorate General of Civil Aviation (DGCA) said on Friday. Four aircraft of the airline have been de <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://profit.ndtv.com/news/corporates/article-kingfisher-airlines-revival-plan-not-enough-to-restart-operations-dgca-315995%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNGCe0Z7i6Bp0RlaMKlZX8cnSDe4oQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://profit.ndtv.com/news/corporates/article-kingfisher-airlines-revival-plan-not-enough-to-restart-operations-dgca-315995&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.travelbizmonitor.com/government-not-satisfied-with-kingfisher-airlines-investment-plan-19031&ct=ga&cad=CAEQAhgAIAAoATAFOAVApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNGfjHsEUNYIknkOimuS58CkU1iIbA" style="color: #1111cc;" target="_blank">Government not satisfied with <b>Kingfisher Airline's</b> investment plan</a><br /><span><a href="" style="color: #777777;">TravelBizMonitor</a><br />A senior official has indicated that the government is not satisfied by <b>Kingfisher Airline's</b> plan to invest Rs 650 crore to restart operations as it might not guarantee efficient and reliable services, as per The Hindu Business Line report. “The <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.travelbizmonitor.com/government-not-satisfied-with-kingfisher-airlines-investment-plan-19031%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNHRXlbz4C_qALWZxDvHHvzL-89Nxw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.travelbizmonitor.com/government-not-satisfied-with-kingfisher-airlines-investment-plan-19031&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://ibnlive.in.com/news/kingfisher-airlines-revival-plan-not-enough-to-restart-operations-sources/315123-7.html&ct=ga&cad=CAEQAhgAIAAoATAGOAZApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNEQOX1Sa1jpUrcj7qPue2eEe-bkyQ" style="color: #1111cc;" target="_blank"><b>Kingfisher Airlines</b>' revival plan not enough to restart operations: Sources</a><br /><span><a href="" style="color: #777777;">IBNLive</a><br />New Delhi: Kingisher <b>Airlines</b>' planned investment of Rs 650 crore is not enough to restart operations at the grounded Indian carrier, a senior government source said on Friday. The revival plan, which <b>Kingfisher</b> Chairman Vijay Mallya filed in December <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://ibnlive.in.com/news/kingfisher-airlines-revival-plan-not-enough-to-restart-operations-sources/315123-7.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNHxv5TE4o-EmHYpa4jMhoWHVdIxRg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://ibnlive.in.com/news/kingfisher-airlines-revival-plan-not-enough-to-restart-operations-sources/315123-7.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://ibnlive.in.com/news/kingfisher-airlines-revival-plan-not-enough-to-restart-operations-sources/315123-7.html&ct=ga&cad=CAEQAhgAIAAoAjAGOAZApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNEQOX1Sa1jpUrcj7qPue2eEe-bkyQ" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="53" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://ibnlive.in.com/news/kingfisher-airlines-revival-plan-not-enough-to-restart-operations-sources/315123-7.html&ct=ga&cad=CAEQAhgAIAAoAzAGOAZApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNEQOX1Sa1jpUrcj7qPue2eEe-bkyQ" style="color: #1155cc;" target="_blank">IBNLive</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.thehindu.com/business/companies/mallyas-plan-to-fly-by-summer-finds-no-takers-in-govt/article4298673.ece&ct=ga&cad=CAEQAhgAIAAoATAHOAdApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNEePpqX2g_6_gX6aie9AfehMvuz4g" style="color: #1111cc;" target="_blank">Mallya's plan to fly by summer finds no takers in Govt</a><br /><span><a href="" style="color: #777777;">The Hindu</a><br /><b>Kingfisher Airlines</b> Chairman Vijay Mallya's plans to resume operations of the airline, through an infusion of around Rs. 650 crore, has failed to impress the Civil Aviation Ministry and the Directorate General of Civil Aviation (DGCA) who feel the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.thehindu.com/business/companies/mallyas-plan-to-fly-by-summer-finds-no-takers-in-govt/article4298673.ece%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdApv3DhwVIAVAAWABiBWVuLVVT&cd=Xqw5C_g5WWo&usg=AFQjCNEjrnUC9MsRfVryfimkTRHRMV2JRQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.thehindu.com/business/companies/mallyas-plan-to-fly-by-summer-finds-no-takers-in-govt/article4298673.ece&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-34607191164001206382013-01-05T02:18:00.003-08:002013-01-05T02:18:42.403-08:00 Super Stylish Kingfisher Calender is back<div dir="ltr" style="text-align: left;" trbidi="on">
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The Sexy, sultry and Super Stylish Kingfisher Calender is back!<br />
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Six stunning models, gorgeous landscapes and Atul Kasbekar, ah what a beginning to the year 2013! Yes boys and girls, much awaited Kingfisher Calender is back and it couldn’t have been yummier…<br />
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Shot in South Africa by famed fashion photographer Atul Kasbekar, we’re in love with each and every look and here are the top 5 most stylish ones! Check them out<br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/stocks-views/see-upsidespicejet-kingfisher-tulsian_803364.html&ct=ga&cad=CAcQAhgAIAAoATAAOABAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNHTxB2_tBy5eCYhcjDDWv95lwfisQ" style="color: #1111cc;" target="_blank">See upside in SpiceJet, <b>Kingfisher</b>: Tulsian</a><br /><span><a href="" style="color: #777777;">Moneycontrol.com</a><br />Tulsian told CNBC-TV18, "In Jet Airways I have been taking a call that at Rs 630 when the talks were all coming that USD 400 million is the value that Jet Airways is looking for their 24 percent stake, which now got pruned to about USD 330 million. But <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.moneycontrol.com/news/stocks-views/see-upsidespicejet-kingfisher-tulsian_803364.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAAOABAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNEvGkfxB8iBVN8auCB0xceGSYkWCw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.moneycontrol.com/news/stocks-views/see-upsidespicejet-kingfisher-tulsian_803364.html&hl=en&geo=us">See all stories on this topic »</a><br /><br /></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/stocks-views/kingfisher-has-strong-support-around-rs-14-sp-tulsian_803116.html&ct=ga&cad=CAcQAhgAIAAoATABOAFAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNESxrokyuVSF55kQcatX6kTXf3s1w" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> has strong support around Rs 14: SP Tulsian</a><br /><span><a href="" style="color: #777777;">Moneycontrol.com</a><br />Tulsian told CNBC-TV18, “I am keeping positive view on <b>Kingfisher</b>, Jet Airways . Suppose for any reason if Jet deal happens with Etihad and as we have discussed a while back that that will be seen as the most expensive deal with enterprise value of <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.moneycontrol.com/news/stocks-views/kingfisher-has-strong-support-around-rs-14-sp-tulsian_803116.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjABOAFAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNHcpNiwkCm9BD1QHMFFc2Rnsouhvw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.moneycontrol.com/news/stocks-views/kingfisher-has-strong-support-around-rs-14-sp-tulsian_803116.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.youtube.com/watch%3Fv%3Do1YdSnw9yPQ&ct=ga&cad=CAcQAhgAIAAoATACOAJAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNHomYoaXJ54Vwt-AHn9lpyPSOXLTQ" style="color: #1111cc;" target="_blank">From the Newsroom: The many roadblocks for <b>Kingfisher</b></a><br /><span><a href="" style="color: #777777;">Mint</a><br />Statistics Report. Published on Jan 3, 2013. Mint's P.R.Sanjai explains Ruchita Saxena the many bottle necks for <b>Kingfisher</b> to get back in the sky. The Airports Authority of India will start taking away space allotted at airports across the country if <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.youtube.com/watch%253Fv%253Do1YdSnw9yPQ%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjACOAJAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNHpVtHfKfUzqFtmVtGGFlPaH_JBPg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.youtube.com/watch%3Fv%3Do1YdSnw9yPQ&hl=en&geo=us">See all stories on this topic »</a><br /><br /></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.menafn.com/menafn/1093595198/Indian-Kingfisher-Airs-permit-gets-revoked&ct=ga&cad=CAcQAhgAIAAoATADOANAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNGiHgUpkyX1CKXUNQCjaEf9M0oV9A" style="color: #1111cc;" target="_blank">Indian <b>Kingfisher</b> Air's permit gets revoked</a><br /><span><a href="" style="color: #777777;">MENAFN.COM</a><br />In December, <b>Kingfisher</b> presented a revival plant to India's aviation regulator, but wasn't backed by details of financing, according to Civil Aviation Minister Ajit Singh. <b>Kingfisher's</b> parent UB Group will provide the funds required to restart flights <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.menafn.com/menafn/1093595198/Indian-Kingfisher-Airs-permit-gets-revoked%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjADOANAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNEe-uV6MaP0US-j7wgW-cA3w2ZHGQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.menafn.com/menafn/1093595198/Indian-Kingfisher-Airs-permit-gets-revoked&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://daily.bhaskar.com/article/BR-kingfisher-calendar-2013-overtakes-pirelli-4136089-PHO.html&ct=ga&cad=CAcQAhgAIAAoATAEOARAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNGdNkL6gRU0cBj-avInImTcziMkEw" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> Calendar 2013 overtakes Pirelli</a><br /><span><a href="" style="color: #777777;">Daily Bhaskar</a><br />Pirelli's 40th calendar is shot by US photographer Steve McCurry, who has his name credited for documenting Afghanistan in early 1980's unlike the normal roster of fashion photographers like Mario Testino and Terry Richardson. While the <b>kingfisher</b> <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://daily.bhaskar.com/article/BR-kingfisher-calendar-2013-overtakes-pirelli-4136089-PHO.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAEOARAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNHf-QyazDJz_i48w1t3d9OmErPUtA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://daily.bhaskar.com/article/BR-kingfisher-calendar-2013-overtakes-pirelli-4136089-PHO.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.impactpub.com.au/aircargo/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D24214%253Akingfishers-licence-lapses%26catid%3D248%253Alatest-news%26Itemid%3D1&ct=ga&cad=CAcQAhgAIAAoATAFOAVAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNHcGg65bc8VMOWB15sDy0Z7D4mz1Q" style="color: #1111cc;" target="_blank"><b>Kingfisher's</b> licence lapses</a><br /><span><a href="" style="color: #777777;">Aircargo - Asia Pacific</a><br />India's <b>Kingfisher</b> Airlines has been told to submit a more solid plan before its flying licence is renewed. Its operating licence lapsed on New Year's eve, although rules allow for renewal before the end of 2014. Management recently submitted a revival <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.impactpub.com.au/aircargo/index.php%253Foption%253Dcom_content%2526view%253Darticle%2526id%253D24214%25253Akingfishers-licence-lapses%2526catid%253D248%25253Alatest-news%2526Itemid%253D1%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAFOAVAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNGh_r_-XC2hNV6i-cu34ToYboyMtg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.impactpub.com.au/aircargo/index.php%3Foption%3Dcom_content%26view%3Darticle%26id%3D24214%253Akingfishers-licence-lapses%26catid%3D248%253Alatest-news%26Itemid%3D1&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://daily.bhaskar.com/article/FAS-photos-the-sexy-sultry-and-super-stylish-kingfisher-calender-is-back-4136074-PHO.html&ct=ga&cad=CAcQAhgAIAAoATAGOAZAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNHfWeIUV0Ffhqe8Y3tJ4jOdi-dVFQ" style="color: #1111cc;" target="_blank">PHOTOS: The sexy, sultry and super stylish <b>Kingfisher</b> Calender is back!</a><br /><span><a href="" style="color: #777777;">Daily Bhaskar</a><br />Six stunning models, gorgeous landscapes and Atul Kasbekar, ah what a beginning to the year 2013! Yes boys and girls, much awaited <b>Kingfisher</b> Calender is back and it couldn't have been yummier… Shot in South Africa by famed fashion photographer Atul <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://daily.bhaskar.com/article/FAS-photos-the-sexy-sultry-and-super-stylish-kingfisher-calender-is-back-4136074-PHO.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAGOAZAyoeahwVIAVAAWABiBWVuLVVT&cd=0ok37r6vFFE&usg=AFQjCNHKuF2CVjuGBZLAXPd5fffaP62uyw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://daily.bhaskar.com/article/FAS-photos-the-sexy-sultry-and-super-stylish-kingfisher-calender-is-back-4136074-PHO.html&hl=en&geo=us">See all stories on this topic »</a><br /></span><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;">We offer a life time opportunity as a DBA to the achievers in our field,for those who have fire in their bellies & dream in their mind. We are looking for self motivated, result oriented guys.</span><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;" /><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;">Visit</span><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;" /><b style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; line-height: 18px;"><a href="http://a1-cabs.co.in/dba/" style="text-decoration: initial;"><span style="color: red; font-size: large;">http://a1-cabs.co.in/dba/</span></a></b><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;" /><span style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;">We invite you to be part of one of the Fastest Growing Company. We give you your own project to work upon which give you Higher Income, unbelievable margin & a stable healthy Environment for sustained growth & profits.</span><br style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;" /><div style="font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif; font-size: 13px; line-height: 18px;">
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-88104142019150012452013-01-05T02:01:00.000-08:002013-01-05T02:02:15.568-08:00Pleae Stop Infosys to Become Kingfisher <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="color: #222222; font-family: Arial, Tahoma, Helvetica, FreeSans, sans-serif;"><span style="font-size: 21.81818199157715px; font-weight: normal;">Due to Global Recession now Infosys and Kingfisher both are in Trouble :(</span></span></h3>
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<span style="text-align: left;">A meeting between the management of Kingfisher Airlines and lenders to the company on Friday remained inconclusive. The core group of lenders, which met the airline’s management at the UB Group headquarters here, declined to give a no-objection certificate to the airline.</span><br />
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In late October, the Directorate General of Civil Aviation ( DGCA) had suspended Kingfisher Airlines’ licence and urged the management to come up with a concrete revival plan. It had also advised the airline to hold discussions with various stakeholders before its licence could be renewed. The airline, which owes its lenders Rs7,500 crore, also has to pay dues of Rs250 crore to the Airports Authority of India.<br />
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It also owes dues to aircraft lessors and a host of other vendors.<br />
The airline, going downhill since November 2011, has struggled to raise any debt or equity to revive itself.<br />
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Late last year, Kingfisher Airlines had given a revival plan to the DGCA. It had stated the UB Group would infuse Rs650 crore through the next 12 months. As no details were provided, the lenders, as well as DGCA, sought a concrete action plan.<br />
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According to norms, the airline can apply for a renewal of its licence within two years, or before 2014-end.<br />
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In addition to discussing an extra line of working capital with bankers, the UB Group management has also held talks with Etihad Airlines for equity infusion, albeit without much success.<br />
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Since it started operations in 2005, Kingfisher Airlines has never recorded profits and its net worth has eroded substantially. The airline struggled to keep its stakeholders together. The company also faced a severe backlash from its employees, many of whom have not been paid for about a year.<br />
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On Friday, the Kingfisher stock closed at close Rs14.40 on the National Stock Exchange, a fall of 2.7 per cent.<br />
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<b><br /></b><b>Due to Global Recession now Infosys also to fire up to 5,000 workforce, </b><br />
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InfosysBSE 0.51 % has begun sacking employees at the bottom of the performance pile, returning to a practice it adopted during the peak of the global economic crisis in 2008 and 2009, according to people familiar with the development.<br />
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The renewed lack of tolerance for poor performance, which will affect up to 5,000 employees, is indicative of the pressure the software company faces to curtail costs while pivoting towards a more aggressive sales strategy.<br />
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The Bangalore-based company is resorting to retrenchment by suspending a plan crafted by co-founder NR Narayana Murthy to help underperformers come up to scratch. Instead of giving underperforming staff up to six months for retraining, India's second-largest software company is asking the worst performers, about 3-4% of the 1.5-lakh workforce, to leave straightaway.<br />
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Infosys spokeswoman Sukanya Ghosh did not reply to emails, phone calls and text messages seeking the company's comments.<br />
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This is the latest in a series of management decisions perceived as employee-unfriendly. Some months ago, Infosys, which has been lagging the industry in growth for over a year, had frozen salary hikes, blaming bad market conditions and insufficient visibility into near-term growth. It relented eventually and announced increments after its main rivals revised salaries for staff.<br />
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"Earlier, companies would go the extra mile to retain them (poor performers). But lately, due to slow business growth, they are seriously looking at downsizing," said Kris Lakshmikanth, CEO of Headhunters India, a human resource consultancy.<br />
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With a sales growth forecast of about 5% for the year to March 2013, Infosys figures at the bottom among India's top IT firms. Analysts expect Infosys to further lower growth guidance when it announces earnings for the three months to December on January 11.<br />
Infy Eyeing Riskier Deals<br />
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In a report on Tuesday, Vishal Agarwal, equities analyst at brokerage Jefferies, wrote that he expects the forecast to be lowered to 4%, excluding contribution from Lodestone, the Swiss company that Infosys acquired in September for $350 million. In comparison, Nasscom expects the industry to grow at more than double the pace, or at least 11%.<br />
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Infosys, which is perceived as a conservative company, has been sending out signals that it is more willing to take on riskier deals, some of which involve taking over assets and employees of clients.<br />
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A more aggressive customer-acquisition strategy comes with the danger of diluting margins, a prized metric for the company.<br />
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"An additional month (of retaining a low-performer) would be an additional cost to the book," said Vijay Sivaram, business head for recruitment solutions division at Bangalore-based HR consultancy Ikya.<br />
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In a similar move in 2009, Infosys had pink-slipped more than 2,000 employees at the bottom of the performance heap.<br />
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Post the financial crisis, which began in 2008, work volumes haven't picked up significantly for Infosys, resulting in increasing number of employees not working on any billable projects.<br />
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Among Indian IT companies, Infosys and WiproBSE 1.47 % have the lowest efficiency levels, with about 30% of employees sitting idle.<br />
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"We believe cleaning out employees at the bottom of the pyramid will become the new norm across all IT companies and will stay for this year," said Sangeeta Lala, co-founder of TeamLease.<br />
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Gopalakrishnan-led Infosys to fire up to 5,000 workers, India's Infosys is planning to lay off up to 5,000 employees as the software services provider looks to cut costs and boost sales, a report indicated on Friday.<br />
The report came as Infosys Ltd executive co-chairman S. Gopalakrishnan was quoted by other reports as saying 2013 will be better than last year for India's IT industry.<br />
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Gopalakrishnan was quoted as saying brighter prospects for the United States and China would help the IT sector, as he addressed an event for the Infosys Science Foundation on Thursday.<br />
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Infosys, which is also listed in the United States, added the number of potential under-performers that could leave the company was "significantly lower" than the 5,000 quoted in the report.<br />
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Infosys shares were up 0.5 percent, in line with the 0.6 percent gain in the IT sub-index.<br />
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Amid speculation of large scale layoff at Infosys affecting nearly 5,000 employees, country's second largest software services company on Friday said it actively asks the "under-performers to seek other jobs".<br />
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Without giving the exact number of the affected employees, Infosys said in a statement that this will be lower than 5,000.<br />
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The company did not disclose the number despite repeated attempts.<br />
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"This (the report) is wrong in two different aspects. One, there is no layoff. Infosys is a performance-driven company. And like any performance-driven company, it actively manages under-performance and encourages chronic under- performers to seek other jobs," it said in a statement.<br />
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While stating that the affected number might be lower than 5,000 quoted in the report, the company said such steps are part of normal business routine.<br />
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"Two, the number that may be affected is significantly lower than the 5,000 quoted in the article. For a performance- driven company with more than 1,50,000 employees this is part of the normal ebb and flow of running a business," it said.<br />
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Infosys said such steps are taken regularly and is not a "one-time event".<br />
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"This is done regularly and is not a one-time event. We have a robust performance management system that includes structured appraisals and performance feedback," the statement said.<br />
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The BSE-listed company is scheduled to announce its third quarter results on January 11.<br />
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.mirror.co.uk/money/city-news/triple-dip-recession-fears-as-services-1519177&ct=ga&cad=CAEQAhgAIAAoATAAOABA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFpuWtTVWVAjuqSvfOJA8lpuAZEFw" style="color: #1111cc;" target="_blank">"Sliding back into <b>recession</b>": Service sector shrinks for first time in two <b>...</b></a><br /><span><a href="" style="color: #777777;">Mirror.co.uk</a><br />And it said, taken together, its surveys indicated a 0.2% fall in economic output in the fourth quarter – a sharp reversal of the 0.9% growth that lifted Britain out of a double-dip <b>recession</b> in the third quarter. At the time, Prime Minister David <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.mirror.co.uk/money/city-news/triple-dip-recession-fears-as-services-1519177%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFTDB261sgYeO_hv9UwHQ5uY8L7HQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.mirror.co.uk/money/city-news/triple-dip-recession-fears-as-services-1519177&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.ft.com/cms/s/0/ed347330-5655-11e2-aa70-00144feab49a.html&ct=ga&cad=CAEQAhgAIAAoATABOAFA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNHbuJvbeCIus2ZHIpxPUlcUZZcQHw" style="color: #1111cc;" target="_blank">UK services PMI reignites <b>recession</b> fears</a><br /><span><a href="" style="color: #777777;">Financial Times</a><br />Activity in the UK's dominant services sector shrank at the fastest pace for more than three and a half years in December, adding to fears that output contracted in the final quarter of 2012 and raising the prospect of a “triple-dip” <b>recession</b> if the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.ft.com/cms/s/0/ed347330-5655-11e2-aa70-00144feab49a.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNGsxnOyrzEBagXR9jGCoWdBh3PVSw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.ft.com/cms/s/0/ed347330-5655-11e2-aa70-00144feab49a.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.guardian.co.uk/business/economics-blog/2013/jan/04/triple-dip-recession-here-we-come&ct=ga&cad=CAEQAhgAIAAoATACOAJA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNHfRaAK7CFnDGIrYlfwxtPAFVl1jQ" style="color: #1111cc;" target="_blank">Triple-dip <b>recession</b>, here we come</a><br /><span><a href="" style="color: #777777;">The Guardian (blog)</a><br />Triple dip here we come. That's the clear message from the latest health check on the services sector from CIPS and Markit. To say the report was a disappointment is an understatement. News that activity fell for the first time since December 2010 <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.guardian.co.uk/business/economics-blog/2013/jan/04/triple-dip-recession-here-we-come%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNHwROkZc64pwRHKxycJbNdaT61v4w" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.guardian.co.uk/business/economics-blog/2013/jan/04/triple-dip-recession-here-we-come&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.guardian.co.uk/business/economics-blog/2013/jan/04/triple-dip-recession-here-we-come&ct=ga&cad=CAEQAhgAIAAoAjACOAJA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNHfRaAK7CFnDGIrYlfwxtPAFVl1jQ" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="48" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.guardian.co.uk/business/economics-blog/2013/jan/04/triple-dip-recession-here-we-come&ct=ga&cad=CAEQAhgAIAAoAzACOAJA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNHfRaAK7CFnDGIrYlfwxtPAFVl1jQ" style="color: #1155cc;" target="_blank">The Guardian (blog)</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.scotsman.com/business/economics/services-slowdown-stokes-recession-fear-1-2719465&ct=ga&cad=CAEQAhgAIAAoATADOANA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFNXZDpX5UUteM_QTGtsmZbHhIYWA" style="color: #1111cc;" target="_blank">Services slowdown stokes <b>recession</b> fear</a><br /><span><a href="" style="color: #777777;">Scotsman</a><br />However, a return to a full-blown <b>recession</b> – defined as two consecutive quarters of declining output – appears less likely amid predictions of a pick-up in activity in the opening months of the new year. The latest Markit/Cips purchasing managers <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.scotsman.com/business/economics/services-slowdown-stokes-recession-fear-1-2719465%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFpmJBXyW_f2iBnXsSEmXDH3XV5Dg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.scotsman.com/business/economics/services-slowdown-stokes-recession-fear-1-2719465&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.scotsman.com/business/economics/services-slowdown-stokes-recession-fear-1-2719465&ct=ga&cad=CAEQAhgAIAAoAjADOANA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFNXZDpX5UUteM_QTGtsmZbHhIYWA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="57" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.scotsman.com/business/economics/services-slowdown-stokes-recession-fear-1-2719465&ct=ga&cad=CAEQAhgAIAAoAzADOANA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFNXZDpX5UUteM_QTGtsmZbHhIYWA" style="color: #1155cc;" target="_blank">Scotsman</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.deathandtaxesmag.com/192892/party-like-its-2009-children-of-the-recession-more-likely-to-booze-and-smoke-weed-study-says/&ct=ga&cad=CAEQAhgAIAAoATAEOARA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNG0SScY6od6h1MI7Apg8iKf_iedFg" style="color: #1111cc;" target="_blank">Party like it's 2009: Children of the <b>recession</b> more likely to booze and smoke <b>...</b></a><br /><span><a href="" style="color: #777777;">Death and Taxes</a><br />The psychiatric journal JAMA Psychiatry recently completed a study on the effects of recessions on teenage behavior. Turns out there's a pretty clear evidence that kids born into recessions are more likely to engage in “delinquent” behavior like <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.deathandtaxesmag.com/192892/party-like-its-2009-children-of-the-recession-more-likely-to-booze-and-smoke-weed-study-says/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNEXno05JN-XGTbzu0QzUSeK2x9a8Q" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.deathandtaxesmag.com/192892/party-like-its-2009-children-of-the-recession-more-likely-to-booze-and-smoke-weed-study-says/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://uk.reuters.com/article/2013/01/04/uk-service-sector-pmi-idUKBRE90309920130104&ct=ga&cad=CAEQAhgAIAAoATAFOAVA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNGuz1lhyW2I2gBoWFBaTzzsqz2OCA" style="color: #1111cc;" target="_blank">Surprise fall in UK services activity raises <b>recession</b> risk</a><br /><span><a href="" style="color: #777777;">Reuters UK</a><br />LONDON (Reuters) - Britain's services sector shrank for the first time in two years in December, a survey showed on Friday, suggesting the broader economy contracted in late 2012 and could be headed for its third <b>recession</b> since the financial crisis.<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://uk.reuters.com/article/2013/01/04/uk-service-sector-pmi-idUKBRE90309920130104%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNHRYfzGccV4Ry1Xr8vwMZUCjTimCw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://uk.reuters.com/article/2013/01/04/uk-service-sector-pmi-idUKBRE90309920130104&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.independent.co.uk/news/business/news/recession-fears-as-services-sector-dip-hits-economy-8438554.html&ct=ga&cad=CAEQAhgAIAAoATAGOAZA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFuD8vF6cUFT84yLbBMGMrJ9MwnFQ" style="color: #1111cc;" target="_blank"><b>Recession</b> fears as services sector dip hits economy</a><br /><span><a href="" style="color: #777777;">The Independent</a><br />Chris Williamson, chief economist at Markit, said the service sector blow "raises the likelihood that the UK economy is sliding back into <b>recession</b>". The UK would have to suffer two consecutive quarters in a row of declining output to be officially <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.independent.co.uk/news/business/news/recession-fears-as-services-sector-dip-hits-economy-8438554.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFlxwcswR9suGTgXyhujC1_EegcZg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.independent.co.uk/news/business/news/recession-fears-as-services-sector-dip-hits-economy-8438554.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.dw.de/eurozone-recession-keeps-inflation-steady-for-now/a-16497676&ct=ga&cad=CAEQAhgAIAAoATAHOAdA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFN4oui5swmWWgWwRYn4RqYXqrJ-g" style="color: #1111cc;" target="_blank">Eurozone <b>recession</b> keeps inflation steady for now</a><br /><span><a href="" style="color: #777777;">Deutsche Welle</a><br />Eurozone <b>recession</b> keeps inflation steady for now. Due to weak economic activity, consumer prices in the eurozone in December grew at the same rate as in November, dispelling fears of spiking inflation. But the direction prices will take in 2013 <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.dw.de/eurozone-recession-keeps-inflation-steady-for-now/a-16497676%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNEaYEpT28nXzTEQdavwgdP8pYtZhg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.dw.de/eurozone-recession-keeps-inflation-steady-for-now/a-16497676&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.dw.de/eurozone-recession-keeps-inflation-steady-for-now/a-16497676&ct=ga&cad=CAEQAhgAIAAoAjAHOAdA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFN4oui5swmWWgWwRYn4RqYXqrJ-g" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="45" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.dw.de/eurozone-recession-keeps-inflation-steady-for-now/a-16497676&ct=ga&cad=CAEQAhgAIAAoAzAHOAdA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFN4oui5swmWWgWwRYn4RqYXqrJ-g" style="color: #1155cc;" target="_blank">Deutsche Welle</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.latimes.com/business/money/la-fi-mo-female-unemployment-recovery-20130104,0,2757165.story&ct=ga&cad=CAEQAhgAIAAoATAIOAhA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNEYYWrO39hWCmngP4crxapeaWXrVA" style="color: #1111cc;" target="_blank">Female unemployment exceeds men's for first time since <b>recession</b></a><br /><span><a href="" style="color: #777777;">Los Angeles Times</a><br />For the first time since the <b>recession</b> began, the unemployment rate for adult women surpassed that for adult men, indicating that while the U.S. might have been a "mancession," it also appears to be experiencing a "mancovery." The unemployment rate for <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.latimes.com/business/money/la-fi-mo-female-unemployment-recovery-20130104,0,2757165.story%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAIOAhA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNFlgULB1qaP_SJ7sarcWXuJzpaHSg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.latimes.com/business/money/la-fi-mo-female-unemployment-recovery-20130104,0,2757165.story&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://news.sky.com/story/1033279/triple-dip-recession-fears-in-markit-survey&ct=ga&cad=CAEQAhgAIAAoATAJOAlA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNGGYzzr9a7aY9Qdha6bMlaIpvztKA" style="color: #1111cc;" target="_blank">'Triple Dip' <b>Recession</b> Fears In Markit Survey</a><br /><span><a href="" style="color: #777777;">Sky News</a><br />There are fresh fears that the UK economy is sliding towards a triple dip <b>recession</b> this year after output slipped in the final quarter of 2012. Output contracted by 0.2%, according to an eagerly awaited indicator for the economy. The Markit/Cips <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://news.sky.com/story/1033279/triple-dip-recession-fears-in-markit-survey%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAJOAlA9pyfhwVIAVAAWABiBWVuLVVT&cd=pYEKJcFtnAg&usg=AFQjCNGmlG5-ft8GgzmXhZKthJCdhlvBdQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://news.sky.com/story/1033279/triple-dip-recession-fears-in-markit-survey&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-40311223292172969142013-01-03T02:50:00.001-08:002013-01-03T02:50:07.870-08:00Recession Babies may be more likely to be Teen Delinquents <div dir="ltr" style="text-align: left;" trbidi="on">
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<span style="font-size: 13px; line-height: 1.4;">A new analysis of data on U.S. teens born during the early 1980s ties slightly higher rates of adolescent smoking, drinking, arrests and thefts to macroeconomic conditions during the first year of life.</span></h3>
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<br /><br />What was "striking for us was it basically went across all socioeconomic strata," said Dr. Seethalakshmi Ramanathan, the lead author of the study. "From a national level, it seems like everyone is affected."<br /><br />Ramanathan's study focused on babies born around the time of the recessions of 1980-1981 and 1982, when unemployment rates around the nation ranged from 6.6 percent to 11.25 percent, but she said she wouldn't be surprised if the most recent recession also has a lasting impact.<br /><br />"The mechanisms involved maybe different in intensity and severity, (but) based on the study it seems like there would be some effects," said Ramanathan, a researcher at State University of New York Upstate Medical University.<br /><br />Earlier research has suggested that widespread economic strain might negatively impact kids in the short term.<br />One group of researchers found that the rate of serious physical abuse towards children spiked as the U.S. economy crashed in 2007.<br /><br />To get some sense of how recessions might affect children long term, Ramanathan and her colleagues used a 1997 survey of nearly 9,000 children who were born in the U.S. between 1980 and 1984.<br /><br />The questions asked about drug, alcohol and gun use, arrests, theft and other behaviors.<br />The researchers were able to determine the economic circumstances for the region in which each kid spent his or her first two years of life.<br /><br />They found that some of the delinquent behaviors were more common among children who were surrounded by higher unemployment during infancy.<br /><br />For instance, the teens were nine percent more likely to use marijuana if the region where they celebrated their first birthday experienced a one percent drop in employment during the early 1980s.<br /><br />This means that instead of 20 out of every 1,000 kids smoking pot, the increased risk in higher unemployment regions would result in 23 pot smokers out of every 1,000 teens.<br />Such an increase nationwide would result in 115,000 additional pot smokers, the group estimates in its report, published in the Archives of General Psychiatry.<br /><br />"That's a big number when you look at it," Ramanathan told Reuters Health.<br />The risks for being arrested, joining a gang, stealing, and using alcohol and tobacco also increased between 6 percent and 17 percent among kids who were babies in areas experiencing a spike in unemployment.<br />The findings held up regardless of whether the kids grew up in wealthy homes or poor ones.<br />"These results suggest that, irrespective of socioeconomic status, unfavorable economic conditions during infancy may create circumstances that can have an adverse effect on the psychological development of the infant and lead to the development of behavioral problems," the authors wrote in their study.<br />Assault, and the use of hard drugs or guns, however, were not affected by employment rates.<br /><div class="separator" style="clear: both; text-align: center;">
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<br />Ramanathan said it's not clear why certain behaviors were more likely in regions impacted by the recessions.<br />"People have talked about how economic stability can help parents invest in the child's development and how economic instability can affect family dynamics and the ability to be an effective parent," she said.<br />But she added that this is speculation, and more studies need to unravel the factors that are taking root in infancy and spilling out in teenage delinquency.<br />"We can't say high unemployment caused the effects. We don't know what the mediating factors are," Ramanathan said.<br /><br /><b><br /></b><br /><b>When Your Time is Good </b><br /><b>You Become Speaker</b><br /><b>Every One Listen You</b><br /><b><br /></b><b>When Your Time is Bad</b><br /><b>You Become Listner</b><br /><b>No One Would Listen You</b><br /><b><br /></b><b>Rather </b><br /><b>Every One would try to Teach You </b><br /><div>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.businessweek.com/articles/2013-01-02/recession-babies-grow-into-delinquent-teens&ct=ga&cad=CAEQAhgAIAAoATAAOABA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNGwwbNpFEtaBFdWa3DpNfMNfGQLfg" style="color: #1111cc;" target="_blank"><b>Recession</b> Babies Grow Into Delinquent Teens</a><br /><span><a href="" style="color: #777777;">Businessweek</a><br />A new study published in JAMA Psychiatry found that people born between 1980 and 1984—who were therefore infants during the 1980-81 and 1982 recessions—were more likely to smoke pot, drink, and engage in other “delinquent” behaviors as teenagers <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.businessweek.com/articles/2013-01-02/recession-babies-grow-into-delinquent-teens%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNEiVrvDnipvNFA8mnMaNbyzXWIIHw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.businessweek.com/articles/2013-01-02/recession-babies-grow-into-delinquent-teens&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.nytimes.com/2013/01/03/business/global/singapore-dodges-an-expected-recession.html&ct=ga&cad=CAEQAhgAIAAoATABOAFA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHkj-pbxhKkLoyn7xjhfK16eE18Cg" style="color: #1111cc;" target="_blank">Singapore Dodges an Expected <b>Recession</b></a><br /><span><a href="" style="color: #777777;">New York Times</a><br />SINGAPORE — Singapore's economy grew in the past three months of 2012, avoiding an expected<b>recession</b> as services put in a strong showing and gross domestic product figures for the first three quarters of the year were revised downwards, data <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.nytimes.com/2013/01/03/business/global/singapore-dodges-an-expected-recession.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNE3eh1frLvOLNgea1l0wXqOgGFXOQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.nytimes.com/2013/01/03/business/global/singapore-dodges-an-expected-recession.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://shine.yahoo.com/parenting/recession-babies-grow-troubled-teens-193300087.html&ct=ga&cad=CAEQAhgAIAAoATACOAJA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNFNwQ0am19WPk3bwJeITmbngOfQHA" style="color: #1111cc;" target="_blank">Do <b>Recession</b> Babies Grow Up to Be Troubled Teens?</a><br /><span><a href="" style="color: #777777;">Yahoo! News (blog)</a><br />Do babies born during a <b>recession</b> have more problems as they grow up? (Photo: Thinkstock)Kids born during the economic recessions of the 1980s had a higher chance of substance abuse and arrest as teenagers, a new study has found, leading <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://shine.yahoo.com/parenting/recession-babies-grow-troubled-teens-193300087.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNFdvhtho5IF3dULqQktUeXU2Fs4FA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://shine.yahoo.com/parenting/recession-babies-grow-troubled-teens-193300087.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://shine.yahoo.com/parenting/recession-babies-grow-troubled-teens-193300087.html&ct=ga&cad=CAEQAhgAIAAoAjACOAJA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNFNwQ0am19WPk3bwJeITmbngOfQHA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="53" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://shine.yahoo.com/parenting/recession-babies-grow-troubled-teens-193300087.html&ct=ga&cad=CAEQAhgAIAAoAzACOAJA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNFNwQ0am19WPk3bwJeITmbngOfQHA" style="color: #1155cc;" target="_blank">Yahoo! News (blog)</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://qz.com/40226/thanks-for-avoiding-that-global-recession-america-now-what/&ct=ga&cad=CAEQAhgAIAAoATADOANA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNFkJFkzTjXRB4ssa0iyEWOGD2yFcw" style="color: #1111cc;" target="_blank">Thanks for avoiding that global <b>recession</b>, America. Now what?</a><br /><span><a href="" style="color: #777777;">Quartz</a><br />Without those two key policy decisions, the IMF warned that the now-slowing expansion in emerging markets would not be enough to prevent a global <b>recession</b>. The US avoided the bulk of the tax increases that would have held back growth, and adopted the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://qz.com/40226/thanks-for-avoiding-that-global-recession-america-now-what/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNGQgGOErFmz60ezkg91WE30yqLT8g" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://qz.com/40226/thanks-for-avoiding-that-global-recession-america-now-what/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.guardian.co.uk/business/2013/jan/03/business-optimistic-triple-dip-recession-iod&ct=ga&cad=CAEQAhgAIAAoATAEOARA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHE00ETQHocwJ_s7BGxavtHCoFVPA" style="color: #1111cc;" target="_blank">Business leaders more optimistic Britain can avoid triple-dip <b>recession</b></a><br /><span><a href="" style="color: #777777;">The Guardian</a><br />Business leaders believe the likelihood of Britain sinking into <b>recession</b> for a third time in recent years is fast receding, according to a survey conducted by the Institute of Directors. While many top business men and women still regard a triple-dip <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.guardian.co.uk/business/2013/jan/03/business-optimistic-triple-dip-recession-iod%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNFmhI-9ZtVLFOkOTpt83CGaVTMQQA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.guardian.co.uk/business/2013/jan/03/business-optimistic-triple-dip-recession-iod&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.guardian.co.uk/business/2013/jan/03/business-optimistic-triple-dip-recession-iod&ct=ga&cad=CAEQAhgAIAAoAjAEOARA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHE00ETQHocwJ_s7BGxavtHCoFVPA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="48" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.guardian.co.uk/business/2013/jan/03/business-optimistic-triple-dip-recession-iod&ct=ga&cad=CAEQAhgAIAAoAzAEOARA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHE00ETQHocwJ_s7BGxavtHCoFVPA" style="color: #1155cc;" target="_blank">The Guardian</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.dailyfinance.com/2013/01/02/oil-prices-rise-as-fiscal-cliff-recession-fears-recede/&ct=ga&cad=CAEQAhgAIAAoATAFOAVA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHMPDalP58TqYTIBEADAWxkXKB8Dw" style="color: #1111cc;" target="_blank">Oil Prices Rise as Fiscal Cliff <b>Recession</b> Fears Recede</a><br /><span><a href="" style="color: #777777;">DailyFinance</a><br />The price of oil jumped by more than a dollar on Wednesday, to above $93 a barrel, after U.S. lawmakers passed legislation to avoid a fiscal cliff that could have pushed the world's biggest economy into <b>recession</b>. The U.S. House of Representatives <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.dailyfinance.com/2013/01/02/oil-prices-rise-as-fiscal-cliff-recession-fears-recede/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNGFXjgaeHUWb521iOOHwGzprWfW_g" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.dailyfinance.com/2013/01/02/oil-prices-rise-as-fiscal-cliff-recession-fears-recede/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.dw.de/eurozone-industry-still-locked-in-recession/a-16491804&ct=ga&cad=CAEQAhgAIAAoATAGOAZA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHIVrGbnsNutnH2Jbu95vRBauAIhw" style="color: #1111cc;" target="_blank">Eurozone industry still locked in <b>recession</b></a><br /><span><a href="" style="color: #777777;">Deutsche Welle</a><br />At the end of 2012, the eurozone remained locked in <b>recession</b>, which was reflected by the 17th consecutive monthly drop in the purchasing managers' index (PMI) released by British research group Markit on Wednesday. The London-based group said the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.dw.de/eurozone-industry-still-locked-in-recession/a-16491804%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHD7ygjIA1ssspsQhPbKJGLi2yQGw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.dw.de/eurozone-industry-still-locked-in-recession/a-16491804&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.dw.de/eurozone-industry-still-locked-in-recession/a-16491804&ct=ga&cad=CAEQAhgAIAAoAjAGOAZA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHIVrGbnsNutnH2Jbu95vRBauAIhw" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="45" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.dw.de/eurozone-industry-still-locked-in-recession/a-16491804&ct=ga&cad=CAEQAhgAIAAoAzAGOAZA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHIVrGbnsNutnH2Jbu95vRBauAIhw" style="color: #1155cc;" target="_blank">Deutsche Welle</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.bloomberg.com/news/2013-01-02/spanish-inflation-unchanged-as-deficit-fight-deepens-recession.html&ct=ga&cad=CAEQAhgAIAAoATAHOAdA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNEj81NOG01z9EJY8fxFuE3Sy93O3w" style="color: #1111cc;" target="_blank">Spanish Inflation Unchanged as Deficit Fight Deepens <b>Recession</b></a><br /><span><a href="" style="color: #777777;">Bloomberg</a><br />The Brussels-based European Commission suspended its budget-cut prescriptions for Spain in November after the 17- nation euro area fell into a <b>recession</b>. The European Central Bank lowered its economic forecasts last month, predicting a contraction of <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.bloomberg.com/news/2013-01-02/spanish-inflation-unchanged-as-deficit-fight-deepens-recession.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNHL88JUdZd4uYAnHmyJ9VsgWFm8Bg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.bloomberg.com/news/2013-01-02/spanish-inflation-unchanged-as-deficit-fight-deepens-recession.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.businesstimes.com.sg/premium/top-stories/q4-gdp-18-keeping-technical-recession-bay-20130103&ct=ga&cad=CAEQAhgAIAAoATAIOAhA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNE3BuhFlVnhoxZX7Oeub9jUfaVajw" style="color: #1111cc;" target="_blank">Q4 GDP up 1.8%, keeping technical <b>recession</b> at bay</a><br /><span><a href="" style="color: #777777;">Business Times (subscription)</a><br />[SINGAPORE] The much- touted technical <b>recession</b> did not materialise after all, even though fears of one continue to linger. Defying expectations, flash estimates show that the economy grew 1.8 per cent in the fourth quarter of 2012 from the previous <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.businesstimes.com.sg/premium/top-stories/q4-gdp-18-keeping-technical-recession-bay-20130103%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAIOAhA-9aUhwVIAVAAWABiBWVuLVVT&cd=XCQhEPpHnbo&usg=AFQjCNEiu-2FHUIoO5gESkXUulRhgaXdIQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.businesstimes.com.sg/premium/top-stories/q4-gdp-18-keeping-technical-recession-bay-20130103&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-83539891302848838892013-01-03T02:47:00.001-08:002013-01-03T02:47:16.553-08:00Kingfisher Airlines to pay Rs. 14,000 to Flier for loss of luggage<div dir="ltr" style="text-align: left;" trbidi="on">
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<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9LMJjxbVrQt867QwKDhJU9Y-1BNTGeukRx-cC1-j5WmIYHn3wQ7Fbd_aKMkeiOkclC2A-WmdBQcOHoI7I3lDYoRAGBR8kWX5MD_DDMIzzd9d2DNRN-HTSyWplRnVlVfDTDhsoR-YeZYc-/s1600/Kingfisher+Staff++Grievances2.jpg" imageanchor="1" style="color: #888888; font-size: 13px; line-height: 1.4; margin-left: 1em; margin-right: 1em; text-align: center; text-decoration: initial;"><img border="0" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEg9LMJjxbVrQt867QwKDhJU9Y-1BNTGeukRx-cC1-j5WmIYHn3wQ7Fbd_aKMkeiOkclC2A-WmdBQcOHoI7I3lDYoRAGBR8kWX5MD_DDMIzzd9d2DNRN-HTSyWplRnVlVfDTDhsoR-YeZYc-/s1600/Kingfisher+Staff++Grievances2.jpg" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" /></a><br /><br />Kingfisher Airlines has been asked by a consumer forum in New Delhi to pay a compensation of Rs. 14,000 to a flier for losing his luggage in transit from Srinagar to Delhi.<br /><br />The South West District Consumer Disputes Redressal Forum held that the airlines' failure to recover the baggage was a deficiency in its service.<br /><br />"Failure to trace out the missing bag of the complainant admittedly reported on July 27, 2007 constitute deficiency in service on the part of opposite party (Kingfisher Airline)," said the bench presided by Narendra Kumar.<br /><br /><div class="separator" style="clear: both; text-align: center;">
<a href="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjM3jofwonsmYxNqt4Z55362_c1eT_8c_SIDcsdXPmioA_wb6PZudKmG775pEBA5Xlzft1QeYpUVq75xVGkgXy8k9oCwOSefaznVUhMBmr4tzwntgFyIMvlUIlZtELeFJ5DMRZQUwLSLhe7/s1600/Happy-New-Year+2013.jpg" imageanchor="1" style="color: #888888; margin-left: 1em; margin-right: 1em; text-decoration: initial;"><img border="0" height="210" src="https://blogger.googleusercontent.com/img/b/R29vZ2xl/AVvXsEjM3jofwonsmYxNqt4Z55362_c1eT_8c_SIDcsdXPmioA_wb6PZudKmG775pEBA5Xlzft1QeYpUVq75xVGkgXy8k9oCwOSefaznVUhMBmr4tzwntgFyIMvlUIlZtELeFJ5DMRZQUwLSLhe7/s320/Happy-New-Year+2013.jpg" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" width="320" /></a></div>
<br />The forum, however, refused to grant the claim of over Rs. 48,000 sought by the flier, Delhi resident Chander Prakash, saying "it is unexpected of any prudent man to keep valuable jewellery in the baggage while boarding a flight when it is permissible to carry such valuable articles in a hand bag."<br /><br />"We, therefore, do not find it believable that the missing bag of complainant contained any valuable jewellery, especially when there is no declaration filed on record."<br /><br />In his complaint, Mr Prakash had said that when he arrived at Indira Gandhi International Airport from Srinagar on July 27, 2007, he found his bag missing.<br /><br />He said he had informed the airline's officials and had also filed a property irregularity report, but his bag could not be traced out.<br /><br />Kingfisher had contended in its defence that it had sent details of Mr Prakash's missing luggage to all-India tracer, but his bag was not found anywhere and even if it was assumed to be lost the airline's is only liable to pay Rs. 300 per kg.<br /><br />The forum accepted the airline's contention that its liability in case of missing baggage extends to only Rs. 300 per kg and said that since the maximum luggage permitted on board per flier for free is 30 kgs, Kingfisher will have to pay Prakash Rs. 9,000 towards his lost bag and Rs. 5,000 as cost of litigation.<br /><div>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.ndtv.com/article/india/kingfisher-airlines-to-pay-rs-14-000-to-flier-for-loss-of-luggage-312409&ct=ga&cad=CAEQAhgAIAAoATAAOABAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNH1Q9Kza1mL4lX7A8U-O92rJGVwWg" style="color: #1111cc; text-decoration: initial;" target="_blank">Kingfisher <b>Airlines</b> to pay Rs 14000 to flier for loss of luggage</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">NDTV</a><br />New Delhi: Kingfisher <b>Airlines</b> has been asked by a consumer forum in New Delhi to pay a compensation of Rs 14,000 to a flier for losing his luggage in transit from Srinagar to Delhi. The South West District Consumer Disputes Redressal Forum held that <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.ndtv.com/article/india/kingfisher-airlines-to-pay-rs-14-000-to-flier-for-loss-of-luggage-312409%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAAOABAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNGAn5vnJEAndGd2LcjVj98kfgHDKw" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.ndtv.com/article/india/kingfisher-airlines-to-pay-rs-14-000-to-flier-for-loss-of-luggage-312409&hl=en&geo=in">See all stories on this topic »</a></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/business/new-policyairlines-to-fly-to-small-cities3-months_802627.html&ct=ga&cad=CAEQAhgAIAAoATABOAFAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNHYZRz5TM24V8FwSw6RiiNNktDHMg" style="color: #1111cc; text-decoration: initial;" target="_blank">New policy on <b>airlines</b> to fly to small cities in 3 months</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Moneycontrol.com</a><br />New policy on <b>airlines</b> to fly to small cities in 3 months. A new policy to encourage<b>airlines</b> to fly to smaller cities and make regional air connectivity commercially viable is likely to be ready in the next three months. Source: PTI. Share · Tweet <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.moneycontrol.com/news/business/new-policyairlines-to-fly-to-small-cities3-months_802627.html%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjABOAFAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNGWX9fZ1SPHLvY8uz1sKEmlSgfhGQ" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.moneycontrol.com/news/business/new-policyairlines-to-fly-to-small-cities3-months_802627.html&hl=en&geo=in">See all stories on this topic »</a></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/business/new-policyairlines-to-fly-to-small-cities3-months_802627.html&ct=ga&cad=CAEQAhgAIAAoAjABOAFAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNHYZRz5TM24V8FwSw6RiiNNktDHMg" style="color: #1155cc; text-decoration: initial;" target="_blank"><img alt="" border="0" height="80" style="-webkit-box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; border: 1px solid rgb(238, 238, 238); box-shadow: rgba(0, 0, 0, 0.0980392) 1px 1px 5px; padding: 5px; position: relative;" width="80" /></a><br /><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/business/new-policyairlines-to-fly-to-small-cities3-months_802627.html&ct=ga&cad=CAEQAhgAIAAoAzABOAFAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNHYZRz5TM24V8FwSw6RiiNNktDHMg" style="color: #1155cc; text-decoration: initial;" target="_blank">Moneycontrol.com</a></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://profit.ndtv.com/news/corporates/article-kingfisher-airlines-must-convince-dgca-to-fly-again-ajit-singh-315517&ct=ga&cad=CAEQAhgAIAAoATACOAJAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNHscT-GLJvaS1AyPoFXXz1F43EC8A" style="color: #1111cc; text-decoration: initial;" target="_blank">Kingfisher <b>Airlines</b> must convince DGCA to fly again: Ajit Singh</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">NDTV</a><br />New Delhi: Two days after Kingfisher <b>Airlines</b>' flying licence expired, Civil Aviation Minister Ajit Singh reiterated the need for the <b>airline</b> to convince the aviation regulator with a revival plan for renewal of its permit. “If Kingfisher wants to fly <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://profit.ndtv.com/news/corporates/article-kingfisher-airlines-must-convince-dgca-to-fly-again-ajit-singh-315517%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjACOAJAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNH2z6qwKqfTG-ReQ-bCWY5CM-3PPA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://profit.ndtv.com/news/corporates/article-kingfisher-airlines-must-convince-dgca-to-fly-again-ajit-singh-315517&hl=en&geo=in">See all stories on this topic »</a><br /></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.thehindubusinessline.com/industry-and-economy/logistics/karnataka-nri-forum-asks-pvt-airlines-to-begin-mangaloresaudi-services/article4264952.ece&ct=ga&cad=CAEQAhgAIAAoATADOANAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNEaDb6jKHzrgjCH6QheJMQVyki4TA" style="color: #1111cc; text-decoration: initial;" target="_blank">Karnataka NRI Forum asks pvt <b>airlines</b> to begin Mangalore-Saudi services</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Hindu Business Line</a><br />The UAE-based Karnataka NRI Forum has asked private <b>airlines</b> to operate flights from Mangalore to Saudi. Addressing presspersons here on Wednesday, Rajesh Sequera, coordinator of Karnataka NRI Forum, said that Jet Airways will be the first private <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.thehindubusinessline.com/industry-and-economy/logistics/karnataka-nri-forum-asks-pvt-airlines-to-begin-mangaloresaudi-services/article4264952.ece%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjADOANAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNExa2GhOKFgJFGnFc7zbKk8d4PWPA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.thehindubusinessline.com/industry-and-economy/logistics/karnataka-nri-forum-asks-pvt-airlines-to-begin-mangaloresaudi-services/article4264952.ece&hl=en&geo=in">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.business-standard.com/india/news/indigo-amongfastest-expanding-airlines-globally/497496/&ct=ga&cad=CAEQAhgAIAAoATAEOARAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNHlUA8XihTRJ1qHW9AIWq0gReUQgA" style="color: #1111cc; text-decoration: initial;" target="_blank">IndiGo among the fastest expanding <b>airlines</b> globally</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Business Standard</a><br />Jet Airways has slipped seven places to the 46th rank, while IndiGo has emerged as one of the fastest growing <b>airlines</b> in the list of biggest <b>airlines</b> of 2012 compiled by the Centre for Asia Pacific Aviation ( Capa). The report, released yesterday <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.business-standard.com/india/news/indigo-amongfastest-expanding-airlines-globally/497496/%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAEOARAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNFmCtsCZRtDHA6ozfBp3Hdiy5w5VQ" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.business-standard.com/india/news/indigo-amongfastest-expanding-airlines-globally/497496/&hl=en&geo=in">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.computerworld.com/s/article/9234936/From_build_to_buy_American_Airlines_changes_course_&ct=ga&cad=CAEQAhgAIAAoATAFOAVAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNFB6giKRqMansU5kH4PZQMPCglnWw" style="color: #1111cc; text-decoration: initial;" target="_blank">From build to buy: American <b>Airlines</b> changes modernization course midflight</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Computerworld</a><br />Computerworld - American <b>Airlines</b> was well into a simultaneous revamp of its Passenger Services System (PSS) and Flight Operating System (FOS), its two most mission-critical families of applications, when the <b>airline</b> changed course last January. The <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.computerworld.com/s/article/9234936/From_build_to_buy_American_Airlines_changes_course_%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAFOAVAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNFD7fUJiRqaIn16nWAUNBrYIkgXdg" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.computerworld.com/s/article/9234936/From_build_to_buy_American_Airlines_changes_course_&hl=en&geo=in">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.niticentral.com/2013/01/troubled-kingfisher-airlines-loses-flying-permit.html&ct=ga&cad=CAEQAhgAIAAoATAGOAZAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNGLZ_MVcNgTDWLWtfnEyswdX_toRA" style="color: #1111cc; text-decoration: initial;" target="_blank">Troubled Kingfisher <b>airlines</b> loses flying permit</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">NitiCentral</a><br />New Delhi, Jan 01 (ANI) The Directorate-General of Civil Aviation (DGCA) today said that debt-laden Kingfisher <b>Airlines</b> has lost its permit to fly after a deadline to renew its suspended licence expired on Monday. The news is a fresh blow for the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.niticentral.com/2013/01/troubled-kingfisher-airlines-loses-flying-permit.html%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAGOAZAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNE4PqutGgteVeDSr5VcUlSjTpebxA" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.niticentral.com/2013/01/troubled-kingfisher-airlines-loses-flying-permit.html&hl=en&geo=in">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://consumerist.com/2013/01/02/spirit-airlines-flight-bumps-up-against-parked-us-airways-plane-on-its-way-to-the-gate/&ct=ga&cad=CAEQAhgAIAAoATAHOAdAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNGGVxR0tT_LlCiJMfXpilBeg1n1VQ" style="color: #1111cc; text-decoration: initial;" target="_blank">Spirit <b>Airlines</b> Flight Bumps Up Against Parked US Airways Plane On Its Way To <b>...</b></a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">The Consumerist</a><br />Can you still call it a fender-bender if there are no fenders involved, and instead it's two giant skybirds (you might know them as airplanes) having a run-in in the runway? Or is it just a quick clip? In any case, no one was hurt and since the Spirit <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://consumerist.com/2013/01/02/spirit-airlines-flight-bumps-up-against-parked-us-airways-plane-on-its-way-to-the-gate/%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAHOAdAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNHhPORBDf4yzwsPbg4RQXoM3b3TOw" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://consumerist.com/2013/01/02/spirit-airlines-flight-bumps-up-against-parked-us-airways-plane-on-its-way-to-the-gate/&hl=en&geo=in">See all stories on this topic »</a><br /></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.aviationpros.com/news/10847448/airport-airline-at-odds-over-cause-of-4-hour-delay&ct=ga&cad=CAEQAhgAIAAoATAIOAhAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNEhUi6gbPCYZCZ-b9NBhsOvsj3CNw" style="color: #1111cc; text-decoration: initial;" target="_blank">Airport, <b>Airline</b> At Odds Over Cause Of 4-Hour Delay</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">The Leading Aviation Industry Resource for News, Equipment and</a><br />27--Airport officials blame the pilot of American <b>Airlines</b> Flight 1958 for taking too wide a turn and getting his airplane stuck in a pile of snow at Pittsburgh International during this week's storm. But the <b>airline</b> on Thursday blamed airport crews <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.aviationpros.com/news/10847448/airport-airline-at-odds-over-cause-of-4-hour-delay%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAIOAhAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNGGJLXCVywBLClYiMiVKfujtnGtCQ" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.aviationpros.com/news/10847448/airport-airline-at-odds-over-cause-of-4-hour-delay&hl=en&geo=in">See all stories on this topic »</a></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.bizjournals.com/dallas/news/2013/01/02/american-airlines-has-rudes-employee.html&ct=ga&cad=CAEQAhgAIAAoATAJOAlAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNHcxDi4C_9mFJnRRbAq_NViom0jQA" style="color: #1111cc;" target="_blank">American <b>Airlines</b> has rudest employees, survey says</a><br /><a href="http://shekharaerosoft.blogspot.in/" style="color: #777777; text-decoration: initial;">Dallas Business Journal</a><br />The survey, conducted by website Airfarewatchdog.com, said Fort Worth-based American <b>Airlines</b>tops the list with 25 percent of fliers saying it has the rudest workers, the Los Angeles Times reports. Twenty-one percent said Chicago-based United <b>Airlines</b> <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.co.in/news/story%3Fncl%3Dhttp://www.bizjournals.com/dallas/news/2013/01/02/american-airlines-has-rudes-employee.html%26hl%3Den%26geo%3Din&ct=ga&cad=CAEQAhgAIAAoBjAJOAlAvcaRhwVIAVAAWABiBWVuLUlO&cd=_CUMuUTyFMw&usg=AFQjCNG-ZpoI5byrDL0jB3r19Bfm16GxMQ" style="color: #228822; text-decoration: initial;" target="_blank" title="http://news.google.co.in/news/story?ncl=http://www.bizjournals.com/dallas/news/2013/01/02/american-airlines-has-rudes-employee.html&hl=en&geo=in">See all stories on this topic »</a><br /><br /><table border="0" cellpadding="0" cellspacing="0" style="color: #222222; font-size: 13px; text-align: start; width: 600pxpx;"><tbody>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.bloomberg.com/news/2013-01-02/singapore-growth-beat-estimates-last-quarter-to-avert-recession.html&ct=ga&cad=CAEQAhgAIAAoATAAOABA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNFlmNbms69AR3QB9ph_1s84ZlyZKQ" style="color: #1111cc;" target="_blank">Singapore Growth Beat Estimates Last Quarter to Avert <b>Recession</b></a><br /><span><a href="" style="color: #777777;">Bloomberg</a><br />Singapore Grows and Averts <b>Recession</b>. Singapore's economy expanded more than economists estimated last quarter, averting a <b>recession</b> even after the central bank refrained from monetary stimulus as it sought to contain elevated inflation. Gross domestic <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.bloomberg.com/news/2013-01-02/singapore-growth-beat-estimates-last-quarter-to-avert-recession.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGmT2q9CoX5GjGuZM3qB6yC3uxYyg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.bloomberg.com/news/2013-01-02/singapore-growth-beat-estimates-last-quarter-to-avert-recession.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.cbsnews.com/8301-204_162-57561520/recession-babies-may-be-more-likely-to-be-teen-delinquents/&ct=ga&cad=CAEQAhgAIAAoATABOAFA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGb5Lc0Re84gY5m16m7Yz9LoRiSIA" style="color: #1111cc;" target="_blank"><b>Recession</b> babies may be more likely to be teen delinquents</a><br /><span><a href="" style="color: #777777;">CBS News</a><br />The state of the economy during a child's infancy may have an influence on their level of substance abuse and delinquent behavior later in life. Researchers discovered that there was a strong correlation children born during high unemployment rates <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.cbsnews.com/8301-204_162-57561520/recession-babies-may-be-more-likely-to-be-teen-delinquents/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNEzcIuAhMGhxUk0TyiR7maoja4VUg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.cbsnews.com/8301-204_162-57561520/recession-babies-may-be-more-likely-to-be-teen-delinquents/&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.cbsnews.com/8301-204_162-57561520/recession-babies-may-be-more-likely-to-be-teen-delinquents/&ct=ga&cad=CAEQAhgAIAAoAjABOAFA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGb5Lc0Re84gY5m16m7Yz9LoRiSIA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="45" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.cbsnews.com/8301-204_162-57561520/recession-babies-may-be-more-likely-to-be-teen-delinquents/&ct=ga&cad=CAEQAhgAIAAoAzABOAFA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGb5Lc0Re84gY5m16m7Yz9LoRiSIA" style="color: #1155cc;" target="_blank">CBS News</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.foreignpolicy.com/articles/2013/01/02/were_all_declinist_pundits_these_days&ct=ga&cad=CAEQAhgAIAAoATACOAJA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNHODKrOfvXCjwZq_Nv_S5NoCYCx1g" style="color: #1111cc;" target="_blank">We're All Declinist Pundits These Days; <b>Recession</b>-Proof</a><br /><span><a href="" style="color: #777777;">Foreign Policy (blog)</a><br />Most political observers in China today might qualify as what Joseph Nye calls "declinist pundits," those who have seized the recent U.S. economic <b>recession</b> as proof of America's diminishing global power ("Who Won the Great <b>Recession</b>?" November 2012).<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.foreignpolicy.com/articles/2013/01/02/were_all_declinist_pundits_these_days%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNH_fn6Fk63_ARBrXJF2MUeQHD0_KA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.foreignpolicy.com/articles/2013/01/02/were_all_declinist_pundits_these_days&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.foreignpolicy.com/articles/2013/01/02/were_all_declinist_pundits_these_days&ct=ga&cad=CAEQAhgAIAAoAjACOAJA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNHODKrOfvXCjwZq_Nv_S5NoCYCx1g" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="80" width="60" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.foreignpolicy.com/articles/2013/01/02/were_all_declinist_pundits_these_days&ct=ga&cad=CAEQAhgAIAAoAzACOAJA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNHODKrOfvXCjwZq_Nv_S5NoCYCx1g" style="color: #1155cc;" target="_blank">Foreign Policy (blog)</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://seekingalpha.com/article/1089811-the-great-recession-is-over-time-to-back-up-the-truck&ct=ga&cad=CAEQAhgAIAAoATADOANA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNFFyWV_r0tW150JoA0wcfU9zX16Rw" style="color: #1111cc;" target="_blank">The Great <b>Recession</b> Is Over: Time To Back Up The Truck</a><br /><span><a href="" style="color: #777777;">Seeking Alpha</a><br />I'm going out on a limb here and call New Year's day 2013 the official end of the Great <b>Recession</b>. I wouldn't expect to wake up to unanimous agreement; these things take a while to "sink in". The spark plug that ignites the new boom economy is that <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://seekingalpha.com/article/1089811-the-great-recession-is-over-time-to-back-up-the-truck%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNH-n3S0pVXVeSVHSJsOOGlRxuZvow" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://seekingalpha.com/article/1089811-the-great-recession-is-over-time-to-back-up-the-truck&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.star-telegram.com/2013/01/01/4517816/banks-gains-continue-after-the.html&ct=ga&cad=CAEQAhgAIAAoATAEOARA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGmOjQi0bGGoCID3fzbegCQqLVP9A" style="color: #1111cc;" target="_blank">Banks' gains continue after the Great <b>Recession</b></a><br /><span><a href="" style="color: #777777;">Fort Worth Star Telegram</a><br />WASHINGTON -- U.S. banks recorded their best profits last year since 2006 and logged fewer failures than anytime since the financial crisis struck in 2008. They're helping support an economy slowed by high unemployment, flat pay, sluggish manufacturing <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.star-telegram.com/2013/01/01/4517816/banks-gains-continue-after-the.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNFhUOEXjGFby_a8LkUttpXzFY1cEg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.star-telegram.com/2013/01/01/4517816/banks-gains-continue-after-the.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.star-telegram.com/2013/01/01/4517816/banks-gains-continue-after-the.html&ct=ga&cad=CAEQAhgAIAAoAjAEOARA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGmOjQi0bGGoCID3fzbegCQqLVP9A" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="60" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.star-telegram.com/2013/01/01/4517816/banks-gains-continue-after-the.html&ct=ga&cad=CAEQAhgAIAAoAzAEOARA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGmOjQi0bGGoCID3fzbegCQqLVP9A" style="color: #1155cc;" target="_blank">Fort Worth Star Telegram</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.mb.com.ph/articles/387940/us-averts-recession&ct=ga&cad=CAEQAhgAIAAoATAFOAVA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNH0Zg1iG1NBTokWUxRUlcnT-2M9Rw" style="color: #1111cc;" target="_blank">US Averts <b>Recession</b></a><br /><span><a href="" style="color: #777777;">Manila Bulletin</a><br />January 1, 2013, 8:19pm. WASHINGTON (AFP) — The White House and top Republicans struck a deal late Monday to avert huge New Year tax hikes and spending cuts known as the “fiscal cliff” that had threatened to send the US economy into <b>recession</b>.<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.mb.com.ph/articles/387940/us-averts-recession%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNFHo9QACASWksQG3kFvciTgbobJ7w" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.mb.com.ph/articles/387940/us-averts-recession&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.globalpost.com/dispatch/news/health/130101/recession-babies-more-likely-be-teenage-delinquents-study-says&ct=ga&cad=CAEQAhgAIAAoATAGOAZA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGC4xTsSOE8j9UIlSZYz3wnYd3Lpg" style="color: #1111cc;" target="_blank"><b>Recession</b> babies more likely to be teenage delinquents, study says</a><br /><span><a href="" style="color: #777777;">GlobalPost</a><br />Babies born during a <b>recession</b> are more likely to be teenage delinquents says a new study. Researchers at the State University of New York found that babies born during difficult economic times were more likely to smoke, drink, steal and get arrested <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.globalpost.com/dispatch/news/health/130101/recession-babies-more-likely-be-teenage-delinquents-study-says%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGJck9gHvScZeTczvcjysEtosBzXw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.globalpost.com/dispatch/news/health/130101/recession-babies-more-likely-be-teenage-delinquents-study-says&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.yourhoustonnews.com/cypresscreek/news/custom-home-builder-back-in-business-following-recession/article_b35b7532-0472-5d63-857e-ab8627ad047c.html&ct=ga&cad=CAEQAhgAIAAoATAHOAdA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNHc8RGm11XCMO1DXW7RmyLclk8TsA" style="color: #1111cc;" target="_blank">Custom home builder back in business following <b>recession</b></a><br /><span><a href="" style="color: #777777;">Your Houston News</a><br />A custom-home builder who became the owner of a burger joint when the <b>recession</b> hit is back to building houses for the new year. The owner of Sunrise Custom Homes, N. Harris Malik, is finishing up a contract and preparing two more next year, a feat <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.yourhoustonnews.com/cypresscreek/news/custom-home-builder-back-in-business-following-recession/article_b35b7532-0472-5d63-857e-ab8627ad047c.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNHPKB8X_lXA-nO1KHBQiCIpBvspyg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.yourhoustonnews.com/cypresscreek/news/custom-home-builder-back-in-business-following-recession/article_b35b7532-0472-5d63-857e-ab8627ad047c.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.irishtimes.com/newspaper/ireland/2013/0102/1224328327820.html&ct=ga&cad=CAEQAhgAIAAoATAIOAhA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGw14rUbeqi9D1IiI5kLycIIJMuYQ" style="color: #1111cc;" target="_blank"><b>Recession</b> sees some food businesses taking safety precautions off the menu</a><br /><span><a href="" style="color: #777777;">Irish Times</a><br />Not washing her hands led to the previously anonymous Irish cook Mary Mallon being transformed into New York's notorious Typhoid Mary. She was blamed for infecting more than 50 people with the disease in the early 1900s and reportedly said she rarely<b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.irishtimes.com/newspaper/ireland/2013/0102/1224328327820.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAIOAhA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNHdNtpiXAdTfUFnHa2QzM-YgRZVLw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.irishtimes.com/newspaper/ireland/2013/0102/1224328327820.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.irishtimes.com/newspaper/ireland/2013/0102/1224328327820.html&ct=ga&cad=CAEQAhgAIAAoAjAIOAhA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGw14rUbeqi9D1IiI5kLycIIJMuYQ" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="40" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.irishtimes.com/newspaper/ireland/2013/0102/1224328327820.html&ct=ga&cad=CAEQAhgAIAAoAzAIOAhA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNGw14rUbeqi9D1IiI5kLycIIJMuYQ" style="color: #1155cc;" target="_blank">Irish Times</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.triplepundit.com/2013/01/climate-change-recession/&ct=ga&cad=CAEQAhgAIAAoATAJOAlA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNF4RK3_gMyuEy9c9ULqyoLeJ2ApXg" style="color: #1111cc;" target="_blank">Will the Climate Cause the Next <b>Recession</b>?</a><br /><span><a href="" style="color: #777777;">Triple Pundit</a><br />Even with the debt ceiling and fiscal cliff looming, a UN Environmental Program report global suggests that capital markets are vulnerable for another reason- underrated environmental risk. The UN Environmental Program publishes a quarterly “Financial <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.triplepundit.com/2013/01/climate-change-recession/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAJOAlA_7OPhwVIAVAAWABiBWVuLVVT&cd=uvseW4TmAPs&usg=AFQjCNHN6M6WFiv89TQ7P_GNa-YayLEBAg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.triplepundit.com/2013/01/climate-change-recession/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-66660251745559463232013-01-02T03:47:00.003-08:002013-01-02T03:47:49.178-08:00Whe is Damania Airways, Skyline NEPC, Modiluft, East West, Gujarat Airways and Span Air ??<div dir="ltr" style="text-align: left;" trbidi="on">
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As Kingfisher Airlines Ltd loses its right to fly, it is tempting to cast off its departure as comeuppance. After all, its flamboyant owner Dr Vijay Mallya flouted every rule in the cost-control manual, exerted unusual influence with lending agencies to get cheap and frequent loans and hasn’t paid his staff for months. Fair enough, one would surmise; he had it coming.<br />
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But there is also a deeply disturbing undercurrent in the sight of one more private airline in India being confined to the hangars. In its lap dance with the structural problems in India’s aviation sector, every private airline has come to grief.<br />
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It’s a trend that began with the six private Airlines—<b>Damania Airways, Skyline NEPC, Modiluft, East West, Gujarat Airways and Span Air</b>—that started operations post 1992 following the first round of deregulation of the sector. All perished in the first five years of that brave new world.<br />
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Post 2000, another set of entrepreneurs, wizened by the failure of their predecessors, came with a new set of offerings. The most successful among them was Kingfisher Airlines. When it was set up in 2005, Kingfisher held out the promise of comfortable travel, with passengers even in the “cattle class” being treated well for the high fares they were paying.<br />
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Its capitulation, along with the steep losses of all the other airlines barring Indigo, would seem to suggest there is a structural problem in the way the sector is organized. While Mallya has been accused of trying to use his political clout to influence aviation policy in his favour, the aviation business in India hasn’t been a model of perfect competition. The airlines apart, all other players along the supply chain enjoy some form of monopoly.<br />
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The airport operators, the oil marketing companies, each one is a monopoly supplier. The ones left holding the can are the airlines, which must pay high fuel costs inflated by surging oil prices, steep government levies and equally high airport fees. When the airlines seek to pass these levies on to the consumer, the backlash is all theirs to handle.<br />
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At this point, of the various airlines operating in India, only Indigo is profitable. Were all the airlines to go the way of <b>Damania and Modiluft and Kingfisher,</b> the results would be catastrophic for India’s travelling public. National carrier Air India Ltd hasn’t made a profit in five years and is surviving mainly on government handouts, a situation that could well continue. With every inch of space that private airlines yield, the government-controlled monopoly could be the big gainer.<br />
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For those of us old enough to remember the dark days of government-controlled flying, the long waits at the airport, persistent delays and horrendous airline service are too horrifying to contemplate returning to now.<br />
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The moribund state-controlled and monopolized Indian railway system has shown virtually no progress over the past many decades. When the Rajdhani Express first started in the late ‘70s, it would take about 18 hours to cover the 1,500 km distance between Calcutta and Delhi. Over 30 years later, the journey takes the same time, the experience is, if anything, worse, and with no new options in all these years, the struggle for a ticket at a short notice is still an ordeal. The number of accidents caused directly and indirectly by a misfiring rail network is evidence of how shoddily this sector has been managed.<br />
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There is a huge economic cost to an inefficient airline sector of the kind that India had till the 1990s. According to a 2011 report by the US department of transport, The Economic Impact of Civil Aviation on the US Economy, civil aviation, accounting for 5.2% of its economy, significantly catalyzes and facilitates all sectors of trade and business.<br />
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Researchers Mariya A. Ishutkina and R. John Hansman of the MIT International Center for Air Transportation in their 2009 model, Analysis of the Interaction between Air Transportation and Economic Activity: A Worldwide Perspective, say the value of passenger destination services and transported goods makes up part of enabled impacts or enabled flows. This increase induces a feedback effect whereby the increase in “economic activity in turn provides capital and generates the need for passenger travel and freight, which drives the demand for air transportation services.”<br />
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While few tears will be shed if Kingfisher doesn’t take to the skies again, the space vacated by it must be filled by other competitive private players and not taken up by a thoroughly inefficient state enterprise living off the largesse of the tax payer. Unfortunately, that’s not likely to happen till the structural flaws in the sector are fixed.<br />
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Vijay Mallya-promoted Kingfisher Airlines Ltd is planning to restart with a few planes and an investment of Rs.425 crore as a short-term measure, according to bankers after a meeting between the company and its creditors. They also indicated that the grounded airline may seek another long-term recast of loans.<br />
“The airline is in talks with DGCA (Directorate General of Civil Aviation) for a limited restart of its operation,” said Shyamal Acharya, deputy managing director (corporate) at State Bank of India (SBI). The airline didn’t seek any money for this partial resumption, he said.<br />
“Mallya is confident that Kingfisher will get the limited restart mandate soon,” Acharya said.<br />
A limited restart would involve flying a few planes on some key routes. A group of six banks will monitor the restarted operations, Acharya said. The banks are SBI, Punjab National Bank, Bank of Baroda, Bank of India, IDBI Bank Ltd and United Bank of India, Acharya said.<br />
“We will restart in a phased manner and will provide funding ourselves,” said Kingfisher Airlines spokesperson Prakash Mirpuri. “We have not asked the banks for any support. We have also shared a full recapitalization plan, which will be further discussed with a small designated group of bankers.”<br />
The core group will monitor the progress and report to the consortium of 17 lenders. “This apart, there was no concrete proposal in recovering the dues or pumping in fresh funds,” said another banker who attended the meeting who didn’t want to be named.<br />
Mallya signalled that he may seek another round of loan restructuring and “we are not averse if the plan is satisfactory”, Acharya said.<br />
Kingfisher chairman Mallya made a presentation to the banks about the long-term viability of the airline at the meeting, held at a hotel in south Mumbai.<br />
“Mallya did mention his discussions with foreign investors. He did not specify whether (it was) an airline or a private equity investor,” Acharya said.<br />
The government in September allowed foreign airlines to buy stakes in domestic airlines, which are strapped for cash and weighed down by debt and accumulated losses.<br />
Another banker said operations may start with five planes. “Mallya was confident. His body language too has improved. Mallya has plans to restart the operations with five planes and take it to 21 in the next two months,” said a senior banker who attended the meeting, requesting anonymity.<br />
Kingfisher Airlines owed $2.5 billion (around Rs.13,650 crore today) to banks and majority shareholders as of 30 June, according to aviation consultant Capa.<br />
James Hogan, president and chief executive officer of Etihad Airways PJSC, told the Financial Times on 11 December that his airline was looking at a “couple of” opportunities in India and it was “going through the due diligence at the moment”.<br />
Kingfisher Airlines, which was grounded by the Indian aviation regulator in October after facing labour unrest over unpaid salaries and having to curtail flights for many months, has been working to swing the deal with Etihad its way. The Abu Dhabi airline is expected to decide on whether to invest in Jet Airways (India) Ltd or Kingfisher this week, Mint reported on Monday.<br />
Kingfisher’s directors discussed ways of improving the financial position of the company at a meeting on 12 December, the airline told the BSE.<br />
Mallya, UB Group president and chief financial officer Ravi Nedungadi and Kingfisher Airlines chief executive officer Sanjay Aggarwal attended the lenders’ meet held.<br />
Mallya didn’t speak to reporters waiting outside the meeting venue.<br />
Acharya of SBI said the airline’s total exposure to banks was more than Rs.7,000 crore.<br />
He said Mallya didn’t say where he would be bringing the funds from. His United Spirits Ltd is selling a 52% stake to Diageo Plc.<br />
“Mallya may not be bringing the funds directly to Kingfisher Airlines, but he may bring it indirectly through United Brewery (Holdings) Ltd. But the positive note is that Mallya did not seek fresh funding from banks,” Acharya said.<br />
He added that Mallya did not set any timeline for the restart of operations.<br />
“The idea is to restart operations in the short term and have long-term viability for the airline. The issue of selling non-core assets did not come up for discussion,” Acharya said.<br />
He added that banks wanted more details on the presentation made by Mallya. The airline will present those details before the meeting of the small bankers group formed on Monday.<br />
“This meeting will take place in three-four days,” said Acharya, who spoke on behalf of the lenders’ consortium.<br />
Kingfisher shares lost 4.96% on the BSE on Monday to close at Rs.16.85. The stock has risen about 34% in the past nine trading sessions since 3 December—from Rs.13.24 to Rs.17.73—as investors bought in expectations of a revival of the airline.<br />
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.smh.com.au/travel/travel-news/indias-kingfisher-airlines-loses-licence-to-fly-20130102-2c4ua.html&ct=ga&cad=CAcQAhgAIAAoATAAOABA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNEVp5fWqrN4sx6L34i72ZYY79ZRfw" style="color: #1111cc;" target="_blank">India's <b>Kingfisher</b> Airlines loses licence to fly</a><br /><span><a href="" style="color: #777777;">Sydney Morning Herald</a><br />India's troubled <b>Kingfisher</b> Airlines has lost its permit to fly after a deadline to renew its suspended licence expired, the national aviation regulator said on Tuesday. The news is a fresh blow for the debt-laden carrier whose operations have been <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.smh.com.au/travel/travel-news/indias-kingfisher-airlines-loses-licence-to-fly-20130102-2c4ua.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAAOABA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNHsAqkLNZAr_9OqlBgc-tiOwrm2zA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.smh.com.au/travel/travel-news/indias-kingfisher-airlines-loses-licence-to-fly-20130102-2c4ua.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.smh.com.au/travel/travel-news/indias-kingfisher-airlines-loses-licence-to-fly-20130102-2c4ua.html&ct=ga&cad=CAcQAhgAIAAoAjAAOABA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNEVp5fWqrN4sx6L34i72ZYY79ZRfw" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="45" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.smh.com.au/travel/travel-news/indias-kingfisher-airlines-loses-licence-to-fly-20130102-2c4ua.html&ct=ga&cad=CAcQAhgAIAAoAzAAOABA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNEVp5fWqrN4sx6L34i72ZYY79ZRfw" style="color: #1155cc;" target="_blank">Sydney Morning Herald</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.livemint.com/Opinion/pT2FkXNYtKNjRFRLsIac0N/India-needs-more-not-less-Kingfishers.html&ct=ga&cad=CAcQAhgAIAAoATABOAFA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNEk_yVGut7qI0LAfkks5ui4IghJGg" style="color: #1111cc;" target="_blank">India needs more, not less <b>Kingfishers</b></a><br /><span><a href="" style="color: #777777;">Livemint</a><br />While Mallya has been accused of trying to use his political clout to influence aviation policy in his favour, the aviation business in India hasn't been a model of perfect competition. Photo: Ramesh Pathania/Mint <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.livemint.com/Opinion/pT2FkXNYtKNjRFRLsIac0N/India-needs-more-not-less-Kingfishers.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjABOAFA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNGAtYHwTZLsqy6GCqEWkkZoGUJdtw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.livemint.com/Opinion/pT2FkXNYtKNjRFRLsIac0N/India-needs-more-not-less-Kingfishers.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.livemint.com/Opinion/pT2FkXNYtKNjRFRLsIac0N/India-needs-more-not-less-Kingfishers.html&ct=ga&cad=CAcQAhgAIAAoAjABOAFA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNEk_yVGut7qI0LAfkks5ui4IghJGg" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="53" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.livemint.com/Opinion/pT2FkXNYtKNjRFRLsIac0N/India-needs-more-not-less-Kingfishers.html&ct=ga&cad=CAcQAhgAIAAoAzABOAFA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNEk_yVGut7qI0LAfkks5ui4IghJGg" style="color: #1155cc;" target="_blank">Livemint</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.bloomberg.com/news/2013-01-01/kingfisher-air-loses-license-after-failing-to-give-funding-plan.html&ct=ga&cad=CAcQAhgAIAAoATACOAJA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNG4DGe6n4G6IAOBEVAUB0QIZc3Qxw" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> Air Loses License After Failing to Give Funding Plan</a><br /><span><a href="" style="color: #777777;">Bloomberg</a><br /><b>Kingfisher</b> Airlines Ltd. (KAIR), the Indian carrier that halted flights because of a cash crunch, lost its operating license after failing to provide a funding plan for its revival, an aviation ministry official said. The permit, issued in August 2003 <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.bloomberg.com/news/2013-01-01/kingfisher-air-loses-license-after-failing-to-give-funding-plan.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjACOAJA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNH5VZgt8Zri9-lIcy50slQRKWo5UQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.bloomberg.com/news/2013-01-01/kingfisher-air-loses-license-after-failing-to-give-funding-plan.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://business-standard.com/india/news/kingfishersuzlon-to-weighiobs-q3-show/497461/&ct=ga&cad=CAcQAhgAIAAoATADOANA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNFTTO3wMzBi39gzMaNyXMPn_ovv-w" style="color: #1111cc;" target="_blank"><b>Kingfisher</b> and Suzlon to weigh on IOB's Q3 show</a><br /><span><a href="" style="color: #777777;">Business Standard</a><br />Indian Overseas Bank's (IOB) exposure of over Rs 100 crore to the debt-ridden <b>Kingfisher</b> Airlines will turn a non-performing asset ( NPA&select=1 target=_blank style=text-decoration:none;<wbr></wbr>cursor:hand;>NPA) for the third quarter ended December 2012.<br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://business-standard.com/india/news/kingfishersuzlon-to-weighiobs-q3-show/497461/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjADOANA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNG7egGiysnWT9eIO0DYFjJcDAJa1A" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://business-standard.com/india/news/kingfishersuzlon-to-weighiobs-q3-show/497461/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/business/etihad-board-to-consider-investmentkingfisher-jet-_802034.html&ct=ga&cad=CAcQAhgAIAAoATAEOARA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNFvb1ET66MHPYLupzs5Cz593bDeKA" style="color: #1111cc;" target="_blank">Etihad board to consider investment in <b>Kingfisher</b>, Jet</a><br /><span><a href="" style="color: #777777;">Moneycontrol.com</a><br />Etihad Board is likely to meet next week to firm up its investment plans in India. The board will consider proposal of both cash-trapped airlines Jet Airways and <b>Kingfisher</b>Airlines, reports CNBC-TV18 quoting sources. Source: CNBC-TV18 <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.moneycontrol.com/news/business/etihad-board-to-consider-investmentkingfisher-jet-_802034.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAEOARA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNGU_MVFP0XRPTw2SE25mmb_jEj_sQ" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.moneycontrol.com/news/business/etihad-board-to-consider-investmentkingfisher-jet-_802034.html&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/business/etihad-board-to-consider-investmentkingfisher-jet-_802034.html&ct=ga&cad=CAcQAhgAIAAoAjAEOARA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNFvb1ET66MHPYLupzs5Cz593bDeKA" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="80" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.moneycontrol.com/news/business/etihad-board-to-consider-investmentkingfisher-jet-_802034.html&ct=ga&cad=CAcQAhgAIAAoAzAEOARA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNFvb1ET66MHPYLupzs5Cz593bDeKA" style="color: #1155cc;" target="_blank">Moneycontrol.com</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.indianexpress.com/news/flying-permit-expires-clock-starts-ticking-for-kingfisher/1052657/&ct=ga&cad=CAcQAhgAIAAoATAFOAVA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNEQhLex8I1W8ST-9jA7gziRoaYCGA" style="color: #1111cc;" target="_blank">Flying permit expires, clock starts ticking for <b>Kingfisher</b></a><br /><span><a href="" style="color: #777777;">Indian Express</a><br />Cash-straPped <b>Kingfisher</b> Airlines' scheduled operator permit expired on Monday and as per the regulations, the airline now has two years to furnish a detailed revival plan and seek renewal. At the end of the two years, if it wants to fly again the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.indianexpress.com/news/flying-permit-expires-clock-starts-ticking-for-kingfisher/1052657/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAcQAhgAIAAoBjAFOAVA8b-PhwVIAVAAWABiBWVuLVVT&cd=VRpYNMPIJFs&usg=AFQjCNFZf6v1z-bufAAkt99PMJYR968oSw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.indianexpress.com/news/flying-permit-expires-clock-starts-ticking-for-kingfisher/1052657/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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AsiaticBlogshttp://www.blogger.com/profile/05698282647216395634noreply@blogger.com0tag:blogger.com,1999:blog-1284816925263509141.post-1828474049000217132012-12-27T22:03:00.000-08:002012-12-27T22:03:50.220-08:00Due to Global Recession Even Infosys Ltd has again deferred the Joining dates of about half of the 35,000 employees Mostly from different Campuses.<div dir="ltr" style="text-align: left;" trbidi="on">
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The Bangalore-based IT major was expected to recruit about 35,000 employees, including 26,000 from campuses across various cities,<br />
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Will now recruit 17,000 in the first half of next fiscal<br />
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Infosys Ltd has again deferred the joining dates of about half of the 35,000 employees it planned to recruit this fiscal because of a continued run of sluggish growth.<br />
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CAMPUS RECRUITS<br />
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Last month, the IT major said that it would defer hiring of 17,000 new recruits by three months, but even this looks unlikely now.<br />
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It now plans to defer recruitment of 17,000 to the first half of next fiscal (2013-14). This will also affect the prospects of 6,000 campus recruits who will now be recruited during FY14.<br />
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The Bangalore-based IT major was expected to recruit about 35,000 employees, including 26,000 from campuses across various cities, this fiscal (2012-13). But the FY13 gross hiring could fall short of the guidance that they had given out in the first quarter this fiscal. Among fresh hires, the number will now be reduced to 20,000. However, onsite hiring will continue to be maintained at about 2,000.<br />
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As Infosys has slipped into the silent period ahead of its third-quarter results on January 11, its spokesperson referred to an announcement from the company in November this year which stated that there are no plans to reduce the total number of recruitments, though a part of the recruitments will be deferred by three months to January this fiscal.<br />
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An analyst with Axis Capital said the December quarter for Infosys will be muted. “The September quarter saw strong momentum in large deals and volume growth. However, momentum has not sustained in Q3 impacting new deal visibility,” the analyst, Priya Rohira, Executive Director, IT & Telecom, wrote in a note. Hence, hiring dates of campus recruits will be deferred, the analyst said.<br />
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Analysts with IDFC said for the company, supply of talent is not an issue, given the sluggish volume growth across the industry. However, improving utilisation from the current 72 per cent, excluding BPO employees and trainees, to a level of 76-80 per cent, remains a priority for the management.<br />
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“We believe the company would also take a relook at visibility, and a downward revision of organic growth guidance cannot be ruled out,” the IDFC analysts said.<br />
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An analyst with Tata Securities said they expect the company to miss its EBITDA margin guidance, given the pressure on revenue growth. He also said that in case the US fiscal cliff event happens, there is likelihood of clients delaying their calendar year 13 budget cycle or deferring their spending till clarity emerges.<br />
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.chicagotribune.com/news/opinion/editorials/ct-edit-recession-1227-jm-20121227,0,2156780.story&ct=ga&cad=CAEQAhgAIAAoATAAOABA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNEniDs93lOAaXoyYyd_clQHtgdHTQ" style="color: #1111cc;" target="_blank">The <b>recession</b> that keeps on taking</a><br /><span><a href="" style="color: #777777;">Chicago Tribune</a><br />The respectfully nicknamed Great <b>Recession</b> officially ended in June, 2009, and the wounds from that economic collapse have been slow to heal. Yet even a robust recovery, as the nation experienced after the double-dip recessions of the early 1980s<b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.chicagotribune.com/news/opinion/editorials/ct-edit-recession-1227-jm-20121227,0,2156780.story%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAAOABA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNH0VAHhROA5UwLHes6SYWArWDTaVA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.chicagotribune.com/news/opinion/editorials/ct-edit-recession-1227-jm-20121227,0,2156780.story&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.chicagotribune.com/news/opinion/editorials/ct-edit-recession-1227-jm-20121227,0,2156780.story&ct=ga&cad=CAEQAhgAIAAoAjAAOABA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNEniDs93lOAaXoyYyd_clQHtgdHTQ" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="53" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.chicagotribune.com/news/opinion/editorials/ct-edit-recession-1227-jm-20121227,0,2156780.story&ct=ga&cad=CAEQAhgAIAAoAzAAOABA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNEniDs93lOAaXoyYyd_clQHtgdHTQ" style="color: #1155cc;" target="_blank">Chicago Tribune</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://thehill.com/blogs/on-the-money/domestic-taxes/274563-poll-majority-expect-recession-in-2013&ct=ga&cad=CAEQAhgAIAAoATABOAFA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNEdPqskcQJHmAdGjctdBZIIyWilrA" style="color: #1111cc;" target="_blank">Poll: Majority expect <b>recession</b> in 2013</a><br /><span><a href="" style="color: #777777;">The Hill (blog)</a><br />A full 70 percent of voters told the conservative-leaning pollster Rasmussen they expect a <b>recession</b>next year if Congress fails to stop the tax increases and spending cuts that are set to begin in January. But even if lawmakers take action before the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://thehill.com/blogs/on-the-money/domestic-taxes/274563-poll-majority-expect-recession-in-2013%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjABOAFA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNFTaEA-85mjuv8LvJcSqbfO9ZwaPg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://thehill.com/blogs/on-the-money/domestic-taxes/274563-poll-majority-expect-recession-in-2013&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://video.foxbusiness.com/v/2057457768001/all-signs-pointing-to-recession/&ct=ga&cad=CAEQAhgAIAAoATACOAJA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNH0n9UoXHk4fnxL1ZNOqWiJInu3vw" style="color: #1111cc;" target="_blank">All Signs Pointing to <b>Recession</b>?</a><br /><span><a href="" style="color: #777777;">Fox Business</a><br />Details. Description. Jim Lebenthal, Lebenthal Asset Management president, on the chances of the economy falling back into <b>recession</b>, and how this will impact the markets. Duration 4:47; Date Dec 26, 2012. Advertisement <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://video.foxbusiness.com/v/2057457768001/all-signs-pointing-to-recession/%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjACOAJA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNGu1EBIMUDTx9LOJJjDrfUKpxtunA" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://video.foxbusiness.com/v/2057457768001/all-signs-pointing-to-recession/&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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<tr><td style="margin: 0px;" valign="top"><a href="http://www.google.com/url?sa=X&q=http://www.motherjones.com/kevin-drum/2012/12/great-republican-recession-2013-now-days-away&ct=ga&cad=CAEQAhgAIAAoATADOANA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNFETn_Z_KdO-vZ-yQF7s45y3Szkvw" style="color: #1111cc;" target="_blank">The Great Republican <b>Recession</b> of 2013 is Now Five Days Away</a><br /><span><a href="" style="color: #777777;">Mother Jones</a><br />After the failure of his fiscal cliff negotiations with the White House, followed by his humiliating inability to get even his ridiculous "Plan B" proposal approved by House Republicans, John Boehner gave up and punted the whole thing over to the <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.motherjones.com/kevin-drum/2012/12/great-republican-recession-2013-now-days-away%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjADOANA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNGgEnrwdPrT6sPRzORdT8w-8uej1Q" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.motherjones.com/kevin-drum/2012/12/great-republican-recession-2013-now-days-away&hl=en&geo=us">See all stories on this topic »</a></span></td><td align="center" style="margin: 0px;" valign="top" width="80"><a href="http://www.google.com/url?sa=X&q=http://www.motherjones.com/kevin-drum/2012/12/great-republican-recession-2013-now-days-away&ct=ga&cad=CAEQAhgAIAAoAjADOANA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNFETn_Z_KdO-vZ-yQF7s45y3Szkvw" style="color: #1155cc;" target="_blank"><img alt="" border="0" height="55" width="80" /></a><span><br /><a href="http://www.google.com/url?sa=X&q=http://www.motherjones.com/kevin-drum/2012/12/great-republican-recession-2013-now-days-away&ct=ga&cad=CAEQAhgAIAAoAzADOANA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNFETn_Z_KdO-vZ-yQF7s45y3Szkvw" style="color: #1155cc;" target="_blank">Mother Jones</a></span></td></tr>
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<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.moneynews.com/StreetTalk/Rasmussen-recession-likely/2012/12/26/id/469056&ct=ga&cad=CAEQAhgAIAAoATAEOARA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNFt3Kn3UJ9S-Brep6X62juYTsOxrg" style="color: #1111cc;" target="_blank">Rasmussen Survey: <b>Recession</b> Likely, Fiscal Cliff Deal or Not</a><br /><span><a href="" style="color: #777777;">Moneynews</a><br />Most Americans expect the U.S. economy to slide into a <b>recession</b> next year whether policymakers avoid the fiscal cliff or not, a new Rasmussen Reports survey finds. The White House and Congress remain at odds over fiscal reforms, and failure to agree <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.moneynews.com/StreetTalk/Rasmussen-recession-likely/2012/12/26/id/469056%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAEOARA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNENMobqIRSuKQ4XQ5D1-rVaeJfOqw" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.moneynews.com/StreetTalk/Rasmussen-recession-likely/2012/12/26/id/469056&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.youtube.com/watch%3Fv%3DyQbGSjiyy0g&ct=ga&cad=CAEQAhgAIAAoATAFOAVA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNEt8bvZXQBq73T2vMIgIwoFMrhU1Q" style="color: #1111cc;" target="_blank">French share their way through <b>recession</b></a><br /><span><a href="" style="color: #777777;">Aljazeera.com</a><br />The French are responding to Europe's stagnant economy by sharing rather than consuming. People have seen that statistically, most people with a power drill use it for 12 seconds each year, so now they are wondering: why bother buying one? The same <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.youtube.com/watch%253Fv%253DyQbGSjiyy0g%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAFOAVA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNESwYEYBrfnEr3vf-FOMIVnrDO2hg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.youtube.com/watch%3Fv%3DyQbGSjiyy0g&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://www.itbusinessedge.com/blogs/data-and-telecom/the-recession-ends-mobility-stays-hot-in-2013.html&ct=ga&cad=CAEQAhgAIAAoATAGOAZA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNHYwOtpoe4Z6YcnBuwO63UctMEAYQ" style="color: #1111cc;" target="_blank">The <b>Recession</b> Ends, Mobility Stays Hot in 2013</a><br /><span><a href="" style="color: #777777;">IT Business Edge (blog)</a><br />The New York Times has an interesting story in its Dealbook section floating the premise that venture and investment money is flowing into less glitzy and, presumably, less risky projects. Instead, Nicole Perlroth writes, the projects being favored are <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://www.itbusinessedge.com/blogs/data-and-telecom/the-recession-ends-mobility-stays-hot-in-2013.html%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAGOAZA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNGQU8DNWfQ1195v7qmKW_sx704b2g" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://www.itbusinessedge.com/blogs/data-and-telecom/the-recession-ends-mobility-stays-hot-in-2013.html&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
<tr><td style="margin: 0px; padding: 0px 8px 16px;"><a href="http://www.google.com/url?sa=X&q=http://seekingalpha.com/article/1082211-a-last-look-at-2012-recession-indicators&ct=ga&cad=CAEQAhgAIAAoATAHOAdA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNG8jhMPQDfcHLafRVESvzC0T0WrpA" style="color: #1111cc;" target="_blank">A Last Look At 2012 <b>Recession</b> Indicators</a><br /><span><a href="" style="color: #777777;">Seeking Alpha</a><br />A <b>recession</b> is generally defined by the NBER as a substantial downturn in production, employment, sales, and income. Now that the November numbers are in, let's take a last look for where those numbers stand in 2012. The St. Louis FRED site directs us <b>...</b><br /><a href="http://www.google.com/url?sa=X&q=http://news.google.com/news/story%3Fncl%3Dhttp://seekingalpha.com/article/1082211-a-last-look-at-2012-recession-indicators%26hl%3Den%26geo%3Dus&ct=ga&cad=CAEQAhgAIAAoBjAHOAdA8qHvhgVIAVAAWABiBWVuLVVT&cd=71HAM0UAN38&usg=AFQjCNFtnLsXHep2jc2EaQY2w6FJ391wKg" style="color: #228822;" target="_blank" title="http://news.google.com/news/story?ncl=http://seekingalpha.com/article/1082211-a-last-look-at-2012-recession-indicators&hl=en&geo=us">See all stories on this topic »</a></span></td></tr>
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