PM to lay foundation stone for new airport terminal in Thiruvananthapuram
THE Prime Minister, Dr Manmohan Singh, will lay the foundation stone for the 20,000-square-ft terminal building at the Thiruvananthapuram international airport in the first week of January. The terminal building, which has been designed after ...
Bangalore airport: Siemens for signing pact by Dec
SIEMENS Ltd, which is part of the consortium that has bid for the Bangalore international airport, has said that the company may have to review the project if the contract is not signed by December end this year. Matters would get difficult if ...
MCX launches freight futures contract in India
IN a significant development for the Indian shipping industry as well as commodity traders, importers and exporters, the Multi Commodity Exchange of India Ltd (MCX), in strategic collaboration with the Baltic Exchange, London, introduced freight ...
To meet steel plant needs Posco may focus on Paradip port
WITH the Tata-L&T combine having virtually walked away with the Dhamra port project, Posco, the Korean steel giant, is mulling over the idea of concentrating on the Paradip port to meet the requirements of the steel plant it proposes to set up in
MERGERS & ACQUISITIONS
James Mackintosh acquires Gordon Woodroffe Logistics
JAMES Mackintosh & Co. Pvt Ltd of Mumbai has acquired Gordon Woodroffe Logistics Ltd (GWLL). The deal was signed on Wednesday, a senior official of James Mackintosh confirmed to Business Line today. The acquisition comes to James ...
Bharati Shipyard plans to complete Pinky acquisition in 2 months
THE Mumbai-based Bharati Shipyard Ltd plans to complete acquisition of the defunct Pinky Shipyard in Goa in 6-8 weeks. The company will spend Rs 2 crore for the acquisition, and another Rs 7.5 crore on new plant and machinery at Pinky ...
Concor monopoly in rail freight: Is the end in sight?
WILL the monopoly over movement of cargo containers by rail come to an end for Container Corporation of India (Concor), a subsidiary of the Indian Railways? This question has once again begun to do the rounds in port and shipping circles in the ...
Railways hikes freight rates for coal, iron ore, other items
THE Railways today announced a hike in freight rates for select items including coal and iron ore, a move aimed at countering the dual impact of the repeated hikes in prices of diesel and steel. The hike, to come into effect from November 27, ...
Industry fears rise in raw material costs on account of Railway freight hike
CORPORATE India has expressed apprehensions that the proposed hike in Railway freight rates ranging between 3.5 per cent and 7.5 per cent will lead to cost-push inflation through the cascading effect. According to industry sources, coming on ...
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