The Hindu Business Line : Thursday, June 17, 2004

ACCIDENTS
8 from Karnataka killed in train accident
ONE person from Udupi district, four from Gokarna in Uttara Kannada district and one child from Mangalore were killed when the Mangalore-Lokamanya Tilak Terminus Matsyagandha Express derailed at Ambavali in Maharashtra. Reports reaching here ... More

14 killed, 62 hurt as train derails in Maharashtra
Derailed carriages of the Matsygandha Express lie scattered in Amboli, 190 km south of Mumbai on Wednesday.

AIRLINES
New empowered GoM soon — Fillip likely for Mumbai, Delhi airport revamp
THE Government move to reconstitute the empowered Group of Ministers (e-GoM) in the next couple of days is likely to see the proposed modernisation and restructuring of Delhi and Mumbai airports getting a fillip. Sources indicated that the ... More

IA, Alliance Air to raise fares
INDIAN Airlines and its subsidiary Alliance Air, are to increase their domestic rupee fares by 10 per cent from June 21 this year. In a statement, the airline has said that the sharp rise in the prices of aviation turbine fuel (ATF) has forced ... More

SHIPPING
Revamp of eight port trust boards hits snag
THE Government is yet to fully reconstitute the board of trustees of eight major port trusts more than two months after the tenure of the earlier boards expired on March 31 this year. Though the Election Commission had initially vetoed the ... More

FOREIGN DIRECT INVESTMENT
CII for 49 pc FDI cap in aviation
THE Confederation of Indian Industry (CII), while asking the Government to allow foreign direct investment (FDI) into the domestic aviation sector up to 49 per cent, has said that foreign airlines should also be allowed to pick up equity in the ... More

RAILWAYS
`Merger with Rlys an option for KRC'
MERGER with the Indian Railways is one of the options being examined to decide the future of the Konkan Railway Corporation (KRC). "Till the merger takes place, the Indian Railways will perhaps continue to cough up at the rate of Rs 300 crore ... More

Ports

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