Politics

Supporters holding flags of ruling Congress party leave after attending an election campaign rally by Rahul Gandhi at Hardoi district in Uttar Pradesh January 28, 2012. REUTERS/Adnan Abidi/Files

Weakened Congress wondering if early elections will help

The Congress party is debating holding a general election in November, six months ahead of schedule, senior party leaders said, reflecting an internal discussion over whether to pull the plug on the shaky ruling coalition or have it serve a full term.  Full Article 

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Kingfisher up on report UB Holdings may sell property

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Women walk past a closed booking office of Kingfisher Airlines in New Delhi October 1, 2012. REUTERS/Mansi Thapliyal/Files

Women walk past a closed booking office of Kingfisher Airlines in New Delhi October 1, 2012.

Credit: Reuters/Mansi Thapliyal/Files

Wed Nov 21, 2012 11:07am IST

Reuters Market Eye - Shares in Kingfisher Airlines(KING.NS) rise 1.5 percent after The Economic Times newspaper reported Blackstone(BX.N) has made an offer to buy prime office and retail real estate property from investment holding company UB Holdings, citing two people familiar with the developments.

A spokeswoman for Blackstone declined to comment on the report calling it "a pure speculation story." A UB Group spokesman also declined comment.

Nonetheless, dealers say the media report about a potential deal is raising hopes billionaire Vijay Mallya, who controls Kingfisher and UB Holdings, could use any money raised to inject into the debt-laden carrier.
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