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David Reilly: Bondholders take revenge on fee-hungry bankers
Companies in dire straits often roll the dice in a bid to stave off bankruptcy. The problem is that last-ditch efforts to raise new funds or restructure often come at the expense of bondholders. Struggling companies, their advisers and lenders should think twice about such strategies after an almost $700-million judgment last month against Citigroup Inc, Bank of America Corp, Wells Fargo & Co and other lenders, in connection with the bankruptcy of home builder Tousa Inc.

CAT day 4 sees less turmoil
Glitches continue, lack of feedback still an issue; IIMs assure ‘damage control’.

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ONGC loses bid for Iraqi oilfield Halfaya
Oil and Natural Gas Corp (ONGC) today lost a bid to acquire a large oilfield in Iraq to a consortium of Chinese, Malaysian and French energy firms.
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Kerala Tourism starts online training course

Kerala Tourism has launched an online training programme to help travel agents and tour operators in the UK get acquainted with the state’s tourism products and in turn increase UK sales to Kerala. - Campaign bags award - Kerala holds roadshows in Scandinavia - Tourist arrivals hit by swine flu scare - Affordable Housing a commercial opportunity: Selja - Housing ministry to bring out model real estate bill - Centre grants Rs 64.42 crore to boost Orissa tourism sector The programme was launched by tourism minister Kumari Selja at the World Travel Mart 2009 in London. Agents who successfully complete the programme will be awarded a certificate by Kerala Tourism and referred to as Kerala Specialist. The programme consists of six modules on Kerala including knowledge about the history, culture and geography of the state, tourist attractions, and tips on how to sell Kerala. The UK is the largest source market for international arrivals to Kerala. In 2008, British arrivals increased 17 per cent at 141,147 over the previous year, said state tourism secretary V Venu.


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