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Kingfisher Airlines net declines 13% at Rs 418 cr
Vijay Mallya-controlled Kingfisher Airlines has reported a 13.4 per cent drop in its net loss at Rs 418.23 crore during the second quarter ended September 30, 2009 compared to a net loss of Rs 483.2 crore in the corresponding quarter last year. Its income from operations declined by 13.6 per cent to Rs 1,142.1 crore during the quarter compared to the same period a year ago.

Margin funding revives on the back of IPO market action
The revival of the initial public offer (IPO) market has prompted brokerages to re-start margin funding, a process by which they finance high net worth clients to subscribe to new issues.

News of the day

If whirled up in Dubai's crisis, Emirates may set a lower course
If Emirates airline is caught in the Dubai debt crisis, it may force the carrier to moderate its expansion, which could hurt aircraft manufacturers like Boeing and Airbus, as it has placed orders worth $55 billion with them.
Public Relations

Sensex extends losses

The Sensex has extended losses to touch a low of 16,732. The index is now at 16, 737, down 100 points. The NSE Nifty is at 4,969, down 25 points. - Sensex still in red; Tata Motors tumbles 5% - UTV Software to raise $150 mn for expansion, retiring debt - Sensex slips into red after +ve start - RIL bonus fails to cheer Sensex - Bull run may go bust in 2 months: Jhunjhunwala - Samvat 2065 gives record returns The Bankex index slipped 1% to 9,792. The market breadth is marginally positive, out of 2,617 shares traded, 1,301 advanced and 1,222 declined on the BSE so far. Tata Motors has slumped 5% to Rs 560. SBI has declined 2.5% to Rs 2,063. ITC, HDFC, ICICI Bank and Hero Honda have declined over 1.5% each. Bharti Airtel has advanced 4% to Rs 347. Reliance Communications has added 2.5% to Rs 253 and ONGC is up 2% at Rs 1,225.


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