Negative on Kingfisher Airlines: Tulsian

SP Tulsian of sptulsian.com, says that DGCA suspending licence of KFA will have a negative effect on Kingfisher Airlines stock. However it will be positive for United Spirits  and United Breweries Holding .

Below is the edited transcript of his interview.

Q: How do you think will the UB Group stocks react on Monday?

A: This suspension will have a negative effect on Kingfisher Airlines. But if you take a pragmatic view, UB group will expedite for execution of stake sale process in United Spirits Ltd at the earliest to Diageo.

They need to mobilize at least Rs 2,500 to Rs 3,000 crore for a composite scheme of settlement with employee, part payment of debt to the banks and paying the salaries to the employees and bringing in some working capital for resumptions of the operations. This amount will only realize post stake sale in United Spirits, which is estimated to be about 15 percent. This news will be positive for United Spirits, United Breweries Holding but negative for Kingfisher Airlines.

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Bus crash in Iran kills 26 schoolgirls

DUBAI (Reuters) - A passenger bus in southwestern Iran overturned on Friday evening, killing 26 female high school students on board, Iranian media reported on Saturday.

Eighteen others were injured when the bus, carrying students from the town of Borujen, flipped on the Izeh-Lordegan road, about 700 km (435 miles) southwest of the capital Tehran, Iranian media reported.

"Travelling at excess speeds on slippery roads was the cause of this accident," Colonel Samad Esfandiari, a highway patrol official, told the Iranian Students' News Agency.

The injured were taken to various hospitals in southwest Iran for treatment, state television said.

Road traffic accidents kill nearly 28,000 people and injure or disable 300,000 people a year in Iran, a country of 75 million people, according to statistics from Unicef, the United Nations Children's Fund.

Road accidents occur at a rate 20 times higher than the world average in Iran, Unicef said.

(Reporting by Yeganeh Torbati; Editing by Alison Williams)

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Details of LG Nexus 4 E960 Mako leaked online

The Google Android event is a few days away, and the major talking point of the event is the upcoming smartphone from Google that will be co manufactured by LG. There have numerous leaks in the past pertaining to this device and even images of the handset have surfaced. The latest scoop comes via a tipster, @Evleaks who uses Twitter to dish out valuable information prior to the launch of a handset. As per a recent post, @Evleaks has exposed the specifications of the upcoming Google phone, and has provided an image of the handset.In the tweet, @Evleaks has listed out the specifications of the smartphon, "LG Nexus 4 (E960): Quad-core APQ8064 @1.5GHz, 4.7"@1280x768, 2GB/16GB(8GB), 8MP/1.3MP, JB MR1, 2100mAh, 9.1mm, 139g."The above statement concurs with recent leaks about the LG Nexus 4, codenamed E960 Mako.

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Criterion to make another Burnout game, probably Road Rash game too

Sat, Oct 20, 2012 at 16:03

With Criterion working on the next game in the Need for Speed franchise titled Need for Speed: Most Wanted many gamers have been wondering one...

Source: Tech2.com

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Criterion to make another Burnout game, probably Road Rash game too

With Criterion working on the next game in the Need for Speed franchise titled Need for Speed: Most Wanted many gamers have been wondering one...

Like this story, share it with millions of investors on M3

Criterion to make another Burnout game, probably Road Rash game too

With Criterion working on the next game in the Need for Speed franchise titled Need for Speed: Most Wanted many gamers have been wondering one...

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With Criterion working on the next game in the Need for Speed franchise – titled Need for Speed: Most Wanted – many gamers have been wondering one thing; will there be another Burnout game? Creative director of the company, Craig Sullivan, has said that they will be making another Burnout game at some point in the future. Sullivan also suggested that the company's next title could be a Road Rash game."There's still a lot of stuff we want to do with driving," Sullivan told The Guardian. "We will make another Burnout game at some point. Obviously, as we're working on NFS we're thinking of really good ideas that aren't right for this series; there are ideas that we're going to explore with Burnout. And we wouldn't be making NFS or Burnout games if we didn't think the driving genre had a long shelf life and that we could push the boundaries."

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Exide Industries revises record date for Interim Dividend to Nov 01

With reference to the earlier announcement regarding October 31, 2012 as the Record Date for the purpose of payment of interim dividend, Exide Industries Ltd has now informed BSE that in the said letter due to inadvertence, Record Date was mentioned as October 31, 2012 instead of November 01, 2012.Further the Company has informed that, Record Date has been fixed on November 01, 2012 for payment of interim Dividend.Source : BSE

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Vodafone, Tata Teleservices to bid in 2G auction

MUMBAI (Reuters) - Vodafone's India unit, the country's No.2 mobile phone carrier, will bid in an upcoming auction of airwaves, a source with direct knowledge said on Friday.

The airwaves auction is the result of a Supreme Court order to revoke permits issued in a scandal-tainted sale in 2008. Vodafone is not affected by that court order but it could be looking to buy additional spectrum.

Separately, Tata Teleservices Ltd will also bid in three telecom zones for the second-generation airwaves in the 800 mega hertz band, in which CDMA-based mobile carriers operate, in the auction, another source with direct knowledge of the matter said.

The company is set to lose its operating permits in the three zones after the court order.

Friday is the deadline for companies to submit their application to participate in the auction, which is scheduled to start on November 12.

(Reporting by Devidutta Tripathy and Aradhana Aravindan; Editing by Anand Basu)

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Bomb kills 19 Afghan wedding partygoers

KABUL (Reuters) - A roadside bomb killed at least 19 people, mostly women and children, who were on their way to a wedding in Afghanistan's north on Friday, local police officials said.

Fourteen more people were wounded in the blast in the Dawlat Abad district of Balkh province, said provincial police spokesman Shir Jan Durani, adding that the Taliban were behind the attack.

"They wanted to attend a wedding party in a village ... The bomb was planted by the enemies of Afghanistan," Durani said.

Separately, a bus carrying players for the country's first soccer league -- who are holding their final on Friday in the capital, Kabul -- crashed into a fuel tanker in northern Jowzjan province, killing nine and wounding 36, local officials said.

Violence has been increasing across the country as the deadline of end-2014 looms for most foreign combat troops to leave Afghanistan, leaving the 350,000-strong Afghan security forces in control.

(Reporting by Mirwais Harooni, writing by Amie Ferris-Rotman)

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Petronet LNG has support around Rs 163: Kulkarni

Petronet LNG is having support around Rs 163 on the downside and a range bound activity is expected over 6-8 trading sessions, says Shardul Kulkarni of Angel Broking.

Kulkarni told CNBC-TV18, "The charts of Petronet LNG Ltd were saying that there was chance that the stock would break out, but unfortunately today's trading session has been extremely volatile and the chart structure has been disturbed. I think going forward the stock is expected to trade in a range. On the upside, Rs 170-171 that will be the resistance zone, whereas on the downside support comes in around Rs 163. So a range bound activity is what I would expect over 6-8 trading sessions.

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Explosion in abandoned office

Thu, Oct 18, 2012 at 16:02

Explosion in abandoned office

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Explosion in abandoned office

Explosion in abandoned office

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Explosion in abandoned office

Explosion in abandoned office

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Howrah (WB), Oct 18 (PTI) An explosion occurred at an abandoned office today at Bandhaghat locality of Salkia in Howrah district today, the police said. No casualty or injury was reported but the window panes of the office were smashed. The police has taken into custody two persons for questioning, the sources said. PTI COR NN

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AGS, Implico Ally For Supply Chain Optimisation Solutions For Oil Cos

Aiming to offer supply chain optimisation solutions for oil companies, AGS Transact Technologies, the system integrator and automation solution provider, announced that it has entered into a partnership with Germany-based Implico Group, a consulting and software company, which specialises in offering downstream business process optimisation for oil companies.

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