LOGISTICS
AIRLINES
British Airways to add more flights to Mumbai
THE Government has, under the limited open skies policy, permitted British Airways to operate four additional flights between India and the UK. According to a press release, British Airways will increase its flights to Mumbai from January 25, ...
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Marketing efforts of new Hyderabad airport begin
THE marketing of the proposed greenfield airport project near Hyderabad has already begun, much ahead of the completion of the first phase (scheduled for 2008). "We have started marketing efforts for the new airport and introduced it to various ...
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Passengers upset over disruption in Air Deccan flights
DISRUPTION in the flight schedule of the low-cost Air Deccan off Coimbatore for two consecutive days has piqued the passengers who had booked tickets on the flights. While passengers who had booked for Chennai on the private airline's ...
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Air India Express may hit agri exports
EXPORTS of agricultural products, processed foods and other perishables to the Gulf sector are feared to hit an air pocket with the launch of Air India Express, the budget airliner, by the country's international carrier. Air India's plans to ...
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SHIPPING
Kolkata Port Trust's ship-breaking activity facing hardships
THE Kolkata Port Trust's rationalisation of rates for boosting ship-breaking activity within the port premises could not have come at a more inopportune time. The rationalisation led to lowering of rates in stages, first around July/August and ...
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Concor now runs empty containers from JNPT, NSICT
IN sharp contrast to the usual trend of container shortage that Concor (Container Corporation of India Ltd) faces, the corporation has been running empty containers from JNPT (Jawaharlal Nehru Port Trust) and NSICT (Nhava Sheva International ...
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Blockade plan at Kochi port called off
THE proposed blockade agitation, by the CITU unions in Willingdon Island on Monday in connection with employment of steamer watchmen in Kochi port has been called offfollowing the assurance given by the Cochin Steamer Agents Association to sort ...
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Tuticorin Port to get Rs 200 cr from IDBI to prepay Japan bank loan
TUTICORIN Port Trust (TPT) has negotiated a Rs 200-crore loan from IDBI to help prepay a loan taken from the Japan Bank for International Cooperation (JBIC) in 1999 for funding the capital dredging project at the port. The IDBI loan, which will ...
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FINANCIAL PERFORMANCE
FedEx Corp Q2 revenue up 24 pc at $7.33 b
FEDEX Corporation has reported earnings of $1.15 per diluted share for the second quarter ended November 30, consistent with the company's previous guidance of $1.10 to $1.20 per share. The corporation reported earnings of $0.30 per diluted share ...
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RAILWAYS
Bill to set up Rail Land Development Authority introduced in RS
THE Union Government on Monday introduced a Bill in the Rajya Sabha to establish Rail Land Development Authority, which would enable Railways to use its land for commercial purposes for generating revenues by non-tariff measures. The Railways ...
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Thiruvananthapuram Rly Division wins trophy
ROADWAYS
Concor forays into bonded trucking service
The work on the Irugur complex at a cost of Rs 2 crore is scheduled to be completed by next month.
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