Financial Daily from THE HINDU group of publications
Tuesday, June 25, 2002
Markets (June 24)
BL 2501129.89 (-1.41)
BSE Sensex3231.62 (-11.13)
S&P CNX Nifty1061.85 (-0.70)
Dollar (Buy/Sell)48.85/48.98
Gold Std (10 gm)5340 (+20)

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IA cuts fares by 15-20% on select sectors
IN an effort to get more passengers to travel by air during the lean season, Indian Airlines today dropped fares by between 15 per cent and 20 per cent on seven sectors from Mumbai including Bangalore, Goa, Mangalore and Jamnagar. The reduced ... More

Lufthansa offers summer online bonus scheme
THE German airline, Lufthansa, has launched a `summer online bonus miles promotion' for its customers in the Asia-Pacific region, including India. Customers in India booking and buying tickets directly at More


Work on Devanahalli airport may start by October — BIAL finalising financial arranger
The financial arranger will essentially be a consortium of domestic and international players. The selection process is under way and one team will be picked from a shortlist of three. More

GSPL pipeline commissioned
GUJARAT State Petronet Ltd (GSPL) has commissioned the Rs 30-crore, 25-km Mora-Utran pipeline which will soon be used to carry gas to the Gujarat Electricity Board's (GEB) Utran power station. The present contractual obligation between GSPL and ... More


Divestment Ministry spikes SCI plan to buy VLCCs
The plan mooted by SCI to buy VLCCs comes in the backdrop of a decision by Indian Oil Corporation to bring a major portion of its crude cargo imported from the Persian Gulf on VLCCs from this fiscal onwards. More

TMIL takes over operations at Haldia, Paradip ports — Tata Steel transfers assets, employees
TATA Iron & Steel Company has withdrawn from port-related operations and provision of logistics services at Haldia and Paradip ports. TM International Logistics Pvt. Ltd (TMIL), a joint venture of Tata Steel and Martrade & Holdings of Germany, ... More

JNPT workers' unions threaten strike — Oppose role for pvt sector in terminal conversion
THE workers' unions and the Government are headed for a clash over the proposal to convert one of the unutilised bulk terminal at the Jawaharlal Nehru Port Trust (JNPT) into a container terminal with the involvement of private sector using the ... More


Bumpy road ahead for vintage vehicles — Will the phase-out plan be watered down?
An expert study has suggested selling or relocating the over-12-year-old vehicles out of Hyderabad as an effective alternative to total scrapping. More

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