Henry's Feed
Jan 21, 2012

Best-selling Indian author says banned writers not “heroes”

JAIPUR, India (Reuters) – Best-selling Indian writer Chetan Bhagat on Saturday criticised the support leant to authors whose books are banned for offending religious communities, a day after Salman Rushdie cancelled a trip to India citing threats against his life.

Bhagat, whose five novels have sold around 6 million copies, condemned the banning of texts at the Jaipur Literature Festival but criticised people who proclaim their writers as heroes for upholding the right to free speech.

Jan 20, 2012

Rushdie cancels India visit after death threat warning

JAIPUR (Reuters) – Salman Rushdie will not attend a literature festival in India after authorities warned the controversial author he was a potential target of assassins at the event, following threats of protests from Muslim groups at his planned appearance.

Opposition from some Indian Muslim groups erupted this month after Rushdie was invited to attend Asia’s largest literature festival, and senior Muslim leaders called on the government to prevent the 65-year-old author from entering the country.

Jan 19, 2012

Kingfisher Airlines in funding talks with Hong Kong’s Lowy

NEW DELHI/MUMBAI (Reuters) – Kingfisher Airlines (KING.NS: Quote, Profile, Research) is in talks with Hong Kong-based distressed debt firm SC Lowy Financial for a possible investment, a sign the cash-strapped carrier may be running out of more attractive traditional funding options.

Kingfisher, controlled by liquor baron Vijay Mallya, has failed in long-running efforts to bring in fresh equity. Its banks are stuck with a quarter of Kingfisher’s shares after a debt recast and lead lender, State Bank of India (SBI.NS: Quote, Profile, Research), refuses to lend more in the absence of an equity injection.

Jan 19, 2012

India’s Kingfisher in funding talks with Hong Kong’s Lowy

NEW DELHI/MUMBAI, Jan 19 (Reuters) – India’s
Kingfisher Airlines is in talks with Hong Kong-based
distressed debt firm SC Lowy Financial for a possible
investment, a sign the cash-strapped carrier may be running out
of more attractive traditional funding options.

Kingfisher, controlled by liquor baron Vijay Mallya, has
failed in long-running efforts to bring in fresh equity. Its
banks are stuck with a quarter of Kingfisher’s shares after a
debt recast and lead lender, State Bank of India,
refuses to lend more in the absence of an equity injection.

Jan 18, 2012

BSE Sensex falls marginally; Reliance Industries gains

MUMBAI (Reuters) – The BSE Sensex closed slightly lower on Wednesday after a day of see-sawing, as investors digested results from the country’s IT industry leader Tata Consultancy Services (TCS.NS: Quote, Profile, Research) and a potential share buyback from heavyweight Reliance Industries (RELI.NS: Quote, Profile, Research).

Reliance, the country’s biggest company by market capitalization, closed up 5.1 percent at 779.75 rupees, after the cash-rich energy conglomerate said it would consider a share buyback on Friday.

Jan 18, 2012

Rushdie furore risks clouding India’s literary gala

MUMBAI (Reuters) – An outcry over Salman Rushdie’s participation in Asia’s largest literary festival has threatened to overshadow an event to showcase the best of Indian, South Asian and international writing that is rapidly growing in global cultural clout.

Oprah Winfrey, Michael Ondaatje and Tom Stoppard will share the stage with local-dialect authors and ancient-language poets at the 7th Jaipur Literature Festival, as organisers broaden the annual event’s focus to economics, religion and geopolitics.

Jan 18, 2012

Indian stocks fall marginally; Reliance gains

MUMBAI, Jan 18 (Reuters) – Indian shares closed
slightly lower on Wednesday after a day of see-sawing, as
investors digested results from the country’s IT industry leader
Tata Consultancy Services and a potential share buyback
from heavyweight Reliance Industries.

Reliance, the country’s biggest company by market
capitalization, closed up 5.1 percent at 779.75 rupees, after
the cash-rich energy conglomerate said it would consider a share
buyback on Friday.

Jan 18, 2012

Rushdie furore risks clouding Jaipur literary gala

MUMBAI (Reuters) – An outcry over Salman Rushdie’s participation in Asia’s largest literary festival has threatened to overshadow an event to showcase the best of Indian, South Asian and international writing that is rapidly growing in global cultural clout.

Oprah Winfrey, Michael Ondaatje and Tom Stoppard will share the stage with local-dialect authors and ancient-language poets at the 7th Jaipur Literature Festival, as organisers broaden the annual event’s focus to economics, religion and geopolitics.

Jan 17, 2012

BSE Sensex near 6-week closing high, Maruti jumps

MUMBAI (Reuters) – The BSE Sensex rallied 1.7 percent on Tuesday to its highest close in almost six weeks, as banks and automakers led a wave of positive sentiment caused by easing domestic inflation and above-forecast GDP growth in fellow emerging economy China.

Investors piled into top carmaker Maruti Suzuki (MRTI.NS: Quote, Profile, Research) and reversed recent falls in index heavyweight Reliance Industries (RELI.NS: Quote, Profile, Research), powering a rally that began the day before after data showed inflation at a two-year low in December.

Jan 16, 2012

UB won’t use alcohol assets for Kingfisher-UB CFO

MUMBAI, Jan 16 (Reuters) – UB Group’s overseas alcohol
assets won’t be used to raise funds for the Indian
conglomerate’s struggling Kingfisher Airlines Ltd
subsidiary, a UB executive said on Monday, adding that the
long-planned share listing was not imminent.

UB, whose interests span alcohol, airlines and sports teams,
is under pressure to find a solution to Kingfisher’s financial
troubles as the carrier struggles to meet interest payments.