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Tuesday 30 October 2012

Nitin Gadkari cancels HP campaign; state BJP wants him to stay away?



Bharatiya Janata Party (BJP) President Nitin Gadkari's dubious business dealings are taking their political toll. The BJP President has had to cancel campaigning in Himachal Pradesh amidst reports that the state unit doesn't want him there.

With reports that his tour to poll bound Himanchal may affect party's prospects in the state, as some state leaders expressed apprehensions, Gadkari cancelled his two rallies at Solan and Bilaspur. But party leaders are giving a completely different spin to the story.




IT probes alleged shell companies in Gadkari's Purti
IBNLive
New Delhi: The Income Tax department on Tuesday conducted inquiries at 12 places in Mumbai where firms, which had invested in BJP president Nitin Gadkari's company, had given their addresses. I-T authorities also began probe into shell companies in ...
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IBNLive
Nitin Gadkari cancels HP campaign; state BJP wants him to stay away?
IBNLive
Bharatiya Janata Party (BJP) President Nitin Gadkari's dubious business dealings are taking their political toll. The BJP President has had to cancel campaigning in Himachal Pradesh amidst reports that the state unit doesn't want him there. With ...
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Nitin Gadkari to address cane farmers' rally in UP
Times of India
LUCKNOW: Attack of team Kejirwal and media reports alleging his company of wrongdoing notwithstanding and his second stint as national Bharatiya Janata Party chief in a limbo, Nitin Gadkari along with his predecessor former chief minister Rajnath Singh ...
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Nitin Gadkari blames Manikrao Thakre for deceiving sugarcane growers
Times of India
Denying any business links with Nationalist Congress Party (NCP) supremo Sharad Pawar and Rajya Sabha MP Ajay Sancheti who is also facing heat in the coal allocation scam, Gadkari tried to distance himself from them. Justifying his involvement in the ...
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RSS functionaries linked with Nitin Gadkari's firm
IBNLive
The Bharatiya Janata Party (BJP) and the Rashtriya Swayamsevak Sangh (RSS) have firmly backedNitin Gadkari over corruption allegations against him. However, a CNN-IBN investigation has now revealed links between Gadkari's firm Purti and numerous ...
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Karnataka BJP leaders to meet Nitin Gadkari to retain Yeddyurappa
Daily News & Analysis
With BJP high command itself befuddled with corruption chargesagainst party national presidentNitin Gadkari, the party's Karnataka unit leaders are heading to Delhi for crucial talks as part of their last ditch efforts to retain former chief minister ...
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BJP mouthpiece alleges 'dubious' foreign funding of Kejriwal's IAC
The Hindu
Arvind Kejriwal's Indian Against Corruption (IAC) has “dubious” foreign funding and his allegations against BJP President Nitin Gadkari were at the behest of his “masters”, party mouthpiece 'Kamal Sandesh' has alleged, a charge rejected by the social ...
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The Hindu
Media out to defame me, says Gadkari
The Hindu
Bharatiya Janata Party (BJP) president Nitin Gadkari on Monday said reports about his company Purti Limited were baseless and said that there was a “conspiracy to defame him” in the media. “I have evidence that a media group has routed black money...
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The Hindu
Corruption charges are Congress conspiracy: Nitin Gadkari
Daily News & Analysis
BJP president Nitin Gadkari on Monday termed the corruption charges levelled against him "a conspiracy by the Congress" and also blamed the media for acting as that party's "agents". Gadkari, who arrived here Monday and was accorded a warm welcome ...
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Daily News & Analysis
Gadkari not to campaign in Himachal Pradesh today
Zee News
Gadkari not to campaign in Himachal Pradesh today Zeenews Bureau Nagpur: Battling serious allegations of corporate fraud, BJP president Nitin Gadkari has cancelled his visit to poll-bound Himachal Pradesh scheduled on Tuesday. As per reports, the BJP ...
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Indian Overseas Bank (IOB), which has exposure of Rs 120 crore to cash-strapped Kingfisher Airlines Ltd, non-performing asset (NPA)




Chennai-based public sector lender Indian Overseas Bank (IOB), which has exposure of Rs 120 crore to cash-strapped Kingfisher Airlines, on Monday said the account might become a non-performing asset (NPA) for the bank this quarter. Most lenders to the airline have already classified the account as an NPA.


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A senior bank official said if the account turned into an NPA, the bank would have to provision 15-25 per cent of the amount (Rs 120 crore) this quarter. The bank’s exposure to Kingfisher is in the form of working capital finance. Currently, the lender considers the airline’s account a standard asset, though payments are due.


With exposure of Rs 1,500 crore, State Bank of India is the leader of the 17-bank consortium of lenders to Kingfisher Airlines.
As of September 30, IOB’s gross NPAs stood at Rs 5,930 crore, against Rs 3,898 crore a year earlier. Net NPAs stood at Rs 3,378 crore, compared with Rs 1,505 crore a year ago. Chairman and Managing Director M Narendra said the bank would now focus on recovery. He added in the quarter ended September, domestic fresh slippages stood at Rs 1,600 crore, while international ones stood at Rs 200 crore.

Two years earlier, loans to Kingfisher Airlines were restructured under industry dispensation. However, the airline began to default on payments and in the third and fourth quarters of the previous financial year, these loans turned into NPAs in the books of most of its lenders. As part of a restructuring package, part of the debt (about Rs 750 crore) was converted into equity. In March 2011, Kingfisher issued about 116 million shares (of Rs 10 each) at a price of about Rs 64 per equity share. These had a lock-in period of a year.















However, the airline stock plunged, owing to which banks had to make provisions. On Monday, the Kingfisher Airlines stock closed at Rs 11.75 on the BSE, a rise of 3.07 per cent.














India's Ailing Kingfisher Airlines Ask To Leave Airports
Forbes
India's once mighty Kingfisher Airlines is now politely being asked to leave at least two airports in the country due to its inability to pay dues. Kingfisher, owned by Forbes ranked billionaire Vijay Mallya, is being kicked out of two hangars in ...
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IOB's Rs 120-cr loan to Kingfisher may turn into NPA
Business Standard
Chennai-based public sector lender Indian Overseas Bank (IOB), which has exposure of Rs 120 crore to cash-strapped Kingfisher Airlines, on Monday said the account might become a non-performing asset (NPA) for the bank this quarter. Most lenders to the ...
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Kingfisher Bids To Return to the Air
Aviation International News
Striking pilots and engineers of India's Kingfisher Airlines have accepted a three-month portion of their eight months of unpaid salaries and agreed to return to work, even as management struggles to get its suspended Scheduled Operator's Permit ...
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Aviation International News
The Ruby Suns – “Kingfisher Call Me”
Stereogum
Before recording the Ruby Suns' fourth album, Christopher, the band's primary member, Ryan McPhun, split up with his longtime girlfriend and bandmate, and relocated from New Zealand to Oslo, Norway — two life changes that presumably had an effect on ...
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TWTW: Cyrus takes on Kingfisher Airlines
IBNLive
TWTW: Cyrus takes on Kingfisher Airlines. ibnlive. Subscribe Subscribed Unsubscribe. Loading... 17,911 videos. Loading... Alert icon. You need Adobe Flash Player to watch this video. Download it from Adobe. 119 views. Show video statistics. I like this ...
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Shares of two UB group companies tank
The Hindu
Shares of two UB group companies, on Monday, lost 9 per cent, a day after the group's Chairman Vijay Mallya said he would not divest stake in his profit-making businesses to revive loss makingKingfisher Airlines. Shares of United Spirits sank 17 per ...
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Kingfisher Air - Re-appointment of Company Secretary & Compliance Officer
Moneycontrol.com
Kingfisher Airlines Ltd has informed BSE that Mr. Bharath Raghavan has been re-appointed as the Company Secretary of the Company with effect from October 26, 2012. He will be the Compliance Officer in terms of Clause 47(a) of the Listing Agreement.
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A retired TWA Pilot Captain Russell Hazelton, from Pennsylvania is dead in Piper PA 28 Cherokee single-engine, with wife Suzanne Hazelton,





Russell Hazelton, 78, whose primary home was in Factoryville, Pa. but who had a secondary home in Town & Country, died early Thursday at SSM DePaul Health Center in Bridgeton, Major Bill Carson, deputy chief of the Maryland Heights Police Department, said.

His wife Suzanne Hazelton, 69, is in critical condition, Carson said.


A retired TWA pilot from Pennsylvania is dead and his wife in critical condition after their small plane crashed and flipped over in Creve Coeur Lake the night of Oct. 24.

Russell Hazelton, 78, whose primary home was in Factoryville, Pa. but who had a secondary home in Town & Country, died early Thursday at SSM DePaul Health Center in Bridgeton, Major Bill Carson, deputy chief of the Maryland Heights Police Department, said.

His wife Suzanne Hazelton, 69, is in critical condition, Carson said.

"The two had flown out of Pennsylvania, stopped in Ohio for fuel, and their destination was Creve Coeur Airport near the park," Carson said.

"The FAA is on scene and awaiting arrival of an National Transportation and Safety Board  investigator, and they will conduct a full investigation to determine the cause of the crash," Carson said.

A witness told police she saw the plane  overhead and heard the engine sputtering.

"We don't know if the plane was running out of fuel or having engine problems," Carson said.

"To the witness, it appeared as if the pilot was possibly trying to make an emergency landing on the beach and instead touched down on the water, but flipped over and started sinking."

Police officers were called out at 8:40 p.m. to the north side of the lake, near Sailboat Cove.

Police officers found the Piper PA 28 Cherokee single-engine, four-seater airplane upside down about 40 or 50 feet from shore, with most of the plane underwater, Carson said.

After officers were unable to get the door open, six of them were able to drag the plane closer to shore and lift it to get the cockpit out of the water.

They were aided by firefighters, including those from the Maryland Heights and Pattonville fire protection districts, he said.

"A firefighter used a tool to force the door open to get inside the cockpit, where a man and woman were strapped into their seats," Carson said.

Fire district paramedics began resuscitation, after which the pair was taken by ambulance to DePaul Health Center.

"While it was a valiant  effort by police and firefighters to get the people out, unfortunately, they likely had been underwater for several minutes," Carson said.



Shekhar Gupta
CEO
Capt. Shekhar Gupta [ Pilot, DIAM, M.Ae.S.I., MAOPA [USA] ]
shekhar@aerosoft.in 
Blog : http://shekharaerosoft.blogspot.in/ 








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Monday 29 October 2012

A retired TWA Pilot Captain Russell Hazelton, from Pennsylvania is dead in Piper PA 28 Cherokee single-engine, with wife Suzanne Hazelton,





Russell Hazelton, 78, whose primary home was in Factoryville, Pa. but who had a secondary home in Town & Country, died early Thursday at SSM DePaul Health Center in Bridgeton, Major Bill Carson, deputy chief of the Maryland Heights Police Department, said.

His wife Suzanne Hazelton, 69, is in critical condition, Carson said.


A retired TWA pilot from Pennsylvania is dead and his wife in critical condition after their small plane crashed and flipped over in Creve Coeur Lake the night of Oct. 24.

Russell Hazelton, 78, whose primary home was in Factoryville, Pa. but who had a secondary home in Town & Country, died early Thursday at SSM DePaul Health Center in Bridgeton, Major Bill Carson, deputy chief of the Maryland Heights Police Department, said.

His wife Suzanne Hazelton, 69, is in critical condition, Carson said.

"The two had flown out of Pennsylvania, stopped in Ohio for fuel, and their destination was Creve Coeur Airport near the park," Carson said.

"The FAA is on scene and awaiting arrival of an National Transportation and Safety Board  investigator, and they will conduct a full investigation to determine the cause of the crash," Carson said.

A witness told police she saw the plane  overhead and heard the engine sputtering.

"We don't know if the plane was running out of fuel or having engine problems," Carson said.

"To the witness, it appeared as if the pilot was possibly trying to make an emergency landing on the beach and instead touched down on the water, but flipped over and started sinking."

Police officers were called out at 8:40 p.m. to the north side of the lake, near Sailboat Cove.

Police officers found the Piper PA 28 Cherokee single-engine, four-seater airplane upside down about 40 or 50 feet from shore, with most of the plane underwater, Carson said.

After officers were unable to get the door open, six of them were able to drag the plane closer to shore and lift it to get the cockpit out of the water.

They were aided by firefighters, including those from the Maryland Heights and Pattonville fire protection districts, he said.

"A firefighter used a tool to force the door open to get inside the cockpit, where a man and woman were strapped into their seats," Carson said.

Fire district paramedics began resuscitation, after which the pair was taken by ambulance to DePaul Health Center.

"While it was a valiant  effort by police and firefighters to get the people out, unfortunately, they likely had been underwater for several minutes," Carson said.




Shekhar Gupta
CEO
Capt. Shekhar Gupta [ Pilot, DIAM, M.Ae.S.I., MAOPA [USA] ]
shekhar@aerosoft.in 
Blog : http://shekharaerosoft.blogspot.in/ 

Pilot dies after plane crashes in Creve Coeur Lake
STLtoday.com
Loading… A retired TWA pilot from Pennsylvania is dead and his wife in critical condition after their small plane crashed and flipped over in Creve Coeur Lake the night of Oct. 24. Russell Hazelton, 78, whose primary home was in Factoryville, Pa. but ...
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Plane crash survivor's words live on in book
Calgary Herald
Archambault is, arguably, the heart of Into the Abyss: How a Deadly Plane Crash Changed the Lives of A Pilot, A Politician, A Criminal And a Cop (Random House Canada, 309 Pages, $29.95). He was the “criminal” of the title and was being taken to Grande ...
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'Key witness' in Polish presidential plane crash dies, suicide suspected
RT
A Polish parliamentary investigation into President's Lech Kaczynski plane crash in Smolensk in 2010 is considering witness protection: A flight engineer set to deliver critical testimony was found hanged in his house in Warsaw. The body of Remigiusz ...
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RT
Commercial plane crashes outside Emmonak
San Francisco Chronicle
EMMONAK, Alaska (AP) — The pilot of an air taxi spent a night in the cold after a crash landing outside the village of Emmonak (ee-MAHN-nuck), a village at the mouth of the Yukon River 10 miles from the Bering Sea. Alaska State Troopers say a Grant ...
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Plane Crash: Affected farmers request for govt assistance
News24
"Last year, when I started, I got 30 bags of maize, 12 bags of beans and 10 bags of guinea corn but this year because of the flood and plane crash, things will be difficult, if government did not assist us. "Apart from the destruction by the plane, the ...
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Man killed in light-plane crash
The Australian
Police and ambulance officers said the men, aged from 65 to 77, were flying to Bendigo from Melbourne's Mount Evelyn, in a Cessna 172, when the plane crashed after clipping powerlines as it attempted to land at a private airstrip about 1pm. The plane ...
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Bodies ID'd From Byron Plane Crash
NBC Bay Area
The Contra Costa County Sheriff's Office said deputies raced to a field near the county airport in Byron after a small plane crashed and burned in a field not too far away. Raw Video: Single EnginePlane Crashes... Link; Embed; Email. Copy. Close. Link ...
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Man dies in plane crash, two injured
Brisbane Times
Man dies in plane crash, two injured (01:20). A man has died and two others flown to hospital in a serious condition following a plane crash near Bendigo this afternoon. 29/10/12. Vodafone slashes 500 jobs (Video Thumbnail). Up next... Vodafone slashes...
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Brisbane Times
Suntai Flown to Germany
AllAfrica.com
Taraba State Governor Danbaba Suntai, who sustained serious injuries when his plane crashed, last Thursday at a Yola suburb, was Saturday flown to Germany for medical treatment. The state's Commissioner for Information, Mr. Emmanuel Bello, who ...
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Key Witness In Polish Presidential Plane Crash Found Dead
RadioFreeEurope/RadioLiberty
A memorial at the site of the 2010 plane crash that killed Polish President Lech Kaczynski and 95 others near the city of Smolensk. (file photo). Tweet. Follow @RFERL. TEXT SIZE - +. By RFE/RL's Russian Service. October 29, 2012. The Warsaw district ...
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