Henry's Feed
Feb 16, 2012

Kingfisher Airlines Q3 loss widens, costs mount

MUMBAI (Reuters) – Kingfisher Airlines(KING.NS: Quote, Profile, Research) reported a 75 percent wider net loss for the December quarter from a year earlier, as the ailing carrier was squeezed by high fuel costs, a weaker rupee and fierce competition.

Debt-laden Kingfisher, controlled by liquor baron Vijay Mallya, is around a quarter-owned by banks and its top lender State Bank of India (SBI.NS: Quote, Profile, Research) has refused to add to loans it considers non-performing.

Feb 16, 2012

India’s Kingfisher Air Q3 loss widens, costs mount

MUMBAI, Feb 16 (Reuters) – Kingfisher Airlines
reported a 75 percent wider net loss for the December
quarter from a year earlier, as the ailing Indian carrier was
squeezed by high fuel costs, a weaker rupee and fierce
competition.

Debt-laden Kingfisher, controlled by liquor baron Vijay
Mallya, is around a quarter-owned by banks and its top lender
State Bank of India has refused to add to loans it
considers non-performing.

Feb 14, 2012

Tata Motors Q3 net up 40.5 pct on strong JLR sales

MUMBAI, Feb 14 (Reuters) – India’s Tata Motors
reported a stronger-than-expected 40.5 percent rise in
quarterly profit as robust sales at Jaguar Land Rover more than
made up for weakness in its home market, sending up its stock to
its highest level in more than a year.

Rising demand for luxury models, especially in China and
other emerging markets, has swelled Tata’s earnings over the
past few quarters as demand for cars waned in India.

Feb 13, 2012

India’s carmakers on fast track to capacity glut

MUMBAI (Reuters) – In the race for sales, India’s carmakers may need to ease off the accelerator as they speed towards a head-on collision with a capacity glut.

Lured by 30 percent sales growth over the past two fiscal years, carmakers have pledged $6 billion to almost double India’s annual production to more than 6 million vehicles. But now sales growth has come to a screeching halt and production capacity could be as much as 40 percent more than demand.

Feb 10, 2012

BSE Sensex falls 0.5 pct on gloomy industry output

MUMBAI (Reuters) – The BSE Sensex closed down 0.46 percent on Friday, reversing early gains, after data showed the country’s industrial output in December slowed sharply and Morgan Stanley cut its allocation for emerging market stocks.

India’s industrial output grew just 1.8 percent in December, its slowest in two months, as sluggish global growth, tight monetary policy from the country’s central bank and government policy paralysis stifles economic growth.

Feb 10, 2012

Indian shares fall 0.5 pct on gloomy industry output

MUMBAI, Feb 10 (Reuters) – Indian shares closed down
0.46 percent on Friday, reversing early gains, after data showed
the country’s industrial output in December slowed sharply and
Morgan Stanley cut its allocation for emerging market stocks.

India’s industrial output grew just 1.8 percent in December,
its slowest in two months, as sluggish global growth, tight
monetary policy from the country’s central bank and government
policy paralysis stifles economic growth.

Feb 7, 2012

India’s Mahindra Q3 profit falls, rising costs weigh

Feb 7 (Reuters) – Mahindra & Mahindra Ltd,
India’s biggest utility vehicle maker, reported a
bigger-than-expected 9.9 percent fall in quarterly profit as
rising commodity costs squeezed margins, and cautioned on a
continued slowdown in tractor sales.

Indian automakers have struggled over the past six
months as rising input costs dent margins and high interest
rates curb once-soaring sales growth in Asia’s third-largest
economy.

Feb 7, 2012

BSE Sensex snaps 5-day rally; RIL rises

MUMBAI (Reuters) – The BSE Sensex snapped a five-day rally on Tuesday as investors locked in profits after the government forecast growth may dip below 7 percent, the slowest pace since the 2008 financial crisis.

Bharti Airtel (BRTI.NS: Quote, Profile, Research), the country’s largest mobile operator, was among the big losers ahead of its quarterly earnings on Wednesday.

Feb 2, 2012

Tom Stoppard, beneficiary of the subconscious

JAIPUR, Feb 2 (Reuters) – From time-bending drama to
the absurd adventures of Shakespeare’s supporting cast, almost
50 years of work has brought playwright Tom Stoppard popular,
critical and even royal acclaim.

Acclaim, he says, shrugging, for “lucky” plays inspired by
the realms of his subconscious.

Feb 2, 2012

Subramanian Swamy, sworn enemy of the ruling Congress

MUMBAI (Reuters) – Mobbed by cameramen and with two fingers raised in a victory salute, Subramanian Swamy stood before the Supreme Court on Thursday, flushed with the vindication of an unrelenting legal campaign aimed at the country’s most powerful politicians.

A publicity-hungry former minister and disgraced Harvard professor who is exalted by his Hindu nationalist followers as a crusading hero, Swamy has waged a decades-long war against the ruling Congress party and the Nehru-Gandhi family at its heart.