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Hedge funds: Hedge funds are back in the land of the living. After a dismal 2008, they had a strong first half. Of course, rising markets aided them. But it helps that because of losses, withdrawals and, above all, a huge reduction in leverage, they wield only about a quarter of the nearly $10 trillion firepower they used to put to work. So trades are less crowded – and more profitable.

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CBI begins probe into copter crash, visits Nallamala forests
The CBI today began its probe into the helicopter crash that killed former Andhra Pradesh Chief Minister Y S Rajasekhara Reddy and four other persons with a team visiting the site in Nallamala forests.

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Zenotech Labs June qtr net loss widens to Rs 3.41 cr
Drug maker Zenotech Laboratories today said reported Rs 3.41 crore loss for the quarter ended June 30, against a net loss of Rs 2.66 crore in the same period previous fiscal.
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Hilary Mantel wins Booker for gripping 16th century tale

In a short-list bereft of Indian writers, this year"s Man Booker prize has gone to British novelist Hilary Mantel for her gripping 16th century tale titled "Wolf Hall". - Nilanjana S Roy: The Indian literary bazaar">Nilanjana S Roy: The Indian literary bazaar - satanic-verses-ban/09/47/369407/" class="textMost" title="Should we lift the Satanic Verses ban?">Should we lift the Satanic Verses ban? - Jaswant flays ban on book by Gujarat govt - The right to be offended Mantel, 57, received 50,000 pounds as prize money last night in what is considered one of the English-speaking world"s most prestigious literary prizes. Indian writers such as Salman Rushdie, Anita Desai, Aravind Adiga and Arundhati Roy have previously won the prize but this year"s shortlist did not feature any Indian. Other writers who made the short list this year were A S Byatt, J M Coetzee, Adam Foulds, Simon Mawer and Sarah Waters. "Wolf Hall" is set in the 1520s and tells the story of Thomas Cromwell"s rise to prominence in the Tudor court. Accepting the award at The Guildhall, Mantel said that if winning the Booker Prize was like being in a train crash "at this moment I am happily flying through the air". She told the audience that it had taken her about 20 years to decide whether to write this particular book. She said: "I couldn"t begin until I felt secure enough to say to my publisher - just what a publisher always wants to hear - "this will take me several years you know". But they took it on the chin."Mantel added: "When I began the book I knew I had to do something very difficult, I had to interest the historians, I had to amuse the jaded palate of the critical establishment and most of all I had to capture the imagination of the general reader." Chairman of judges James Naughtie said: "Our decision was based on the sheer bigness of the book. The boldness of its narrative, its scene setting. The extraordinary way that Hilary Mantel has created what one of the judges has said was a contemporary novel, a modern novel, which happens to be set in the 16th Century. We thought it was an extraordinary piece of story-telling." Mantel was the bookmaker"s favourite to win the award. Ion Trewin, literary director of the Booker Prizes, said the last time a favourite walked off with the prize was Yann Martel"s "Life of Pi" in 2002. The Man Booker Prize for Fiction, first awarded in 1969, promotes the finest in fiction by rewarding the very best book of the year.


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