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Citi nears deal with US to repay bailout fund
The Citigroup may cut a deal with the US government today that will allow it to repay the bailout fund the financial entity had received at the height of the global financial crisis, says a report.

MCF to increase speciality fert biz
Mangalore Chemicals and Fertilizers Limited (MCF), a UB Group company and manufacturer of fertiliser, is planning to expand its specialty fertiliser business in the next couple of years. The company, which has over 50 new generation fertiliser products in its basket, plans to expand the business through its integrated nutrient management division, set up four years ago.

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Cathay Pacific upbeat over global operations
Despite a five per cent capacity reduction worldwide due to global recession, Hong Kong airline major Cathay Pacific is upbeat over business operations worldwide and plans acquisition of new aircraft, as it believes recovery will be a sure but slow process.
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Kingfisher has the most cases of drunk pilots

Vijay Mallya-promoted Kingfisher Airlines has the dubious distinction of having the maximum cases of pilots found under the influence of alcohol before take-off. - Mallya's UB Q1 net up 57% Y-o-Y - United Breweries Q1 net up 57% YoY - United Breweries June qtr net profit up 57% at Rs 35 cr - Kingfisher may have Rs 500-cr equity issue - FIPB to mull United Breweries" proposal on July 24 - Kingfisher Airlines to raise up to Rs 500 cr through equity A number of airlines including Naresh Goyal’s Jet were cited where pilots were reported to be under the influence of alcohol in the past one year, the government informed the Rajya Sabha. Incidentally, Mallya had named his airline after the most popular beer brand in his brewery business. “Eight pilots of Kingfisher Airlines, six each of Indigo and SpiceJet and three each of Jetlite, Jet Airways and Paramount were detected alco-positive during pre-flight medical examination,” Civil Aviation Minister Praful Patel said in a written reply. He was responding to a query on incidents of drunk pilots of private airlines during the last one year. “Any pilot found to be alco-positive is immediately grounded for a period of up to six weeks,” Patel said.


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