February 2012

Passenger traffic continues to rise; cargo in doldrums: IATA

by Paul Joseph February 29, 2012 Featured

The International Air Transport Association (IATA) announced global traffic results for January showing a 5.7-per cent rise in passenger demand but an 8.0-per cent decline in air freight compared t…

Tagged as: business, copyright, finance, governments, industry, management, markets, news

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Kingfisher Airlines founders may convert Rs1,500 crore of loans into additional equity

by Paul Joseph February 29, 2012 Featured

The founders of Kingfisher Airlines Ltd may convert Rs1,500 crore they had lent to the airline into additional shares, fulfilling a key demand from banks for more equity infusion, according to a se…

Tagged as: advertising, airline, airlines, finance, industry, legal, management, marketing, parties

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Invision Air launches business aviation operations in India

by Paul Joseph February 28, 2012 Featured

Invision Air today announced the launch of India’s first entry-level business jet service using a fleet of light jets from Embraer. Invision hopes to bridge a gap created by the increasing migratio…

Tagged as: aircraft, airline, aviation, business, copyright, corporate, finance, india, invision, marketing, markets

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OVL, GAIL to outbid Shell and PTT for Cove Energy with $2 bn offer

by Paul Joseph February 28, 2012 Featured

ONGC Videsh Ltd (OVL) the overseas arm of ONGC, and GAIL India Ltd plan to jointly make a $2 billion (Rs9,788 crore) bid for Mozambique-focused Cove Energy, outbidding rivals Royal Dutch Shell and …

Tagged as: 788-crore, copyright, cove-energy, india, industry, legal, markets, ongc, ovl

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Surfwear giant Billabong says TPG Capital revised $904 mn bid still too low

by Paul Joseph February 28, 2012 Featured

Struggling Australian surfwear giant Billabong International, yesterday said that private equity firm TPG Capital has raised its takeover offer by 10 per cent to $904 million, but the price is stil…

Tagged as: 904-million, advertising, finance, gordon-merchant, management, marketing, markets, news, surfwear-giant

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Kingfisher promoters convert 5 % of loans to equity

by Paul Joseph February 28, 2012 Featured

In a bid to resovle the crisis facing Kingfisher Airlines early next week, Vijaya Mallya yesterday said he had organised funds towards payment of salaries that were “seriously overdue”. Givi…

Tagged as: advertising, business, crisis, industry, management, marketing, markets, organised-funds

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Apple wins important victory against Motorola in Germany

by Paul Joseph February 28, 2012 Featured

Apple won an important victory in its ongoing patent war with handset maker Motorola Mobility as a Germany court suspended the enforcement of a ruling that might allow Motorola to bar the Cupertino firm from using its “standard-essential patents” in Germany. The Karlsruhe Higher Regional Court suspended the enforcement of a ruling by the Mannheim Regional Court, and prevented Motorola from further enforcement of its standard-essential patent injunction the iPhone/iPad-maker. read more

Tagged as: australia, business, european, facebook, featured, india, insurance, internet, microsoft, motorola, web-browser, windows

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Only Northern Ireland saw rise in house purchase loans: CML

by Paul Joseph February 27, 2012 Featured

Northern Ireland was the only region of the United Kingdom that reported a rise in house purchase loans in the final three months of the last year, according to figures released by the Council of Mortgage Lenders (CML) Northern Ireland. The CML said that the number of mortgage loans increased by 4 per cent in the quarter ended December 31, 2011 from the corresponding period of the previous year. A total of 2,500 mortgage loans, worth 240 million pounds, were issued in the three-month period. read more

Tagged as: apple, china, facebook, finance sector, government, internet, united-kingdom, web-browser, windows

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A 3-bed bungalow becomes something of talking point

by Paul Joseph February 27, 2012 Featured

A three-bedroom bungalow in close proximity to Llanddona on the island of Anglesey in north Wales has become something of talking point due to its location and the over-optimistic nature of the estate agents’ house details. Estate agents Williams and Goodwin describes of property as an excellent detached bungalow, located in an exceptional elevated position with open countryside and superb coastal views. read more

Tagged as: copyright, democrats, facebook, featured, green, microsoft, power, united-kingdom, web-browser, windows

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Australia’s surfwear giant Billabong rejects $820-mn bid from TPG Capital

by Paul Joseph February 27, 2012 Featured

Australia’s struggling surfwear giant Billabong International, yesterday rejected a A$765 million ($820 million) takeover offer from TPG Capital as too low, but said it was still talking with the U…

Tagged as: advertising, australian, business, gordon-merchant, legal, marketing, markets, news, sports, surfwear-giant

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