The Hindu Business Line : Saturday, February 12, 2005

IPO: 12 lakh shares reserved for Jet Airways employees
JET Airways on Friday announced the price band of Rs 950-1,125 for its initial public offering. The airline is offering 1,72,66,801 equity shares of Rs 10 each for cash at a premium. The issue is to be made through a 100 per cent book building ... More

Indian Airlines extends schemes
HYDERABAD: Indian Airlines has extended the validity of `IA Family Ticketing Scheme' and `Business Class Companion Offer - J Smart' up to July 31. The former allows two children aged below 12 years to travel free with two full fare ... More

SriLankan puts expansion plans on hold — No reduction in seats to India: CEO
SRI Lanka's national airline, SriLankan, has kept in abeyance any expansion plans into India for the moment, but this does not mean that it would lead to a reduction in seats on offer, the airline Chief Executive Officer, Mr Peter Hill, has said. ... More

AI to have month-long Awadhi food festival
AIR INDIA is organising a month-long Awadh food festival for passengers travelling with the airline from Delhi to London, Frankfurt and the Gulf region. The menu for the festival, which begins on February 14, is being presented in collaboration ... More

Indus Aviation plans to make 4-seater aircraft
LIGHT aircraft maker Indus Aviation plans to manufacture a four-seater aircraft later this year and set up a flight-training academy in Bangalore. "We should start manufacturing the four-seater aircraft by the end of the year," Dr Ram ... More

Austrian Airlines proposes Mumbai service from May
AUSTRIAN Airlines plans to launch a five-times-a-week service between Vienna and Mumbai from May 1. The airline plans to increase the frequency to a daily flight in the latter half of the year. Austrian is also looking to start operations from ... More

Concern over delay in funds release for Mangalore airport
THE Kanara Chamber of Commerce and Industry (KCCI) has expressed concern over the delay in releasing funds by the Karnataka Government for the expansion of Mangalore airport. In a letter to the State Government, the KCCI President, Mr A. ... More

INFRASTRUCTURE

Plea to expedite Madurai airport modernisation
A delegation from the Tamil Nadu Chamber of Commerce and Industry, led by its President, Mr S. Rethinavelu, met the Union Minister of State for Civil Aviation, Mr Praful Patel, at New Delhi and submitted a memorandum on Madurai airport's ... More

SHIPPING

NMPT sets new record in handling iron ore concentrates
THE New Mangalore Port has created a record by handling large parcel-size iron ore concentrates. A press release from the New Mangalore Port Trust said here that m.v. Ruby Idaha of Pacsari Pvt Ltd, Singapore, with a length of 225 metres and ... More

TAXATION

Panel set up to suggest norms for service tax on transport agencies
THE Government has set up a committee to suggest modalities for collection of service tax on goods transport agency services in situations where registered partnership firms are involved as either the consignor or consignee of the goods and are ... More

RAILWAYS

Railways plans to procure 24,640 wagons in 2005-06
THE Railways Board proposes to procure 24,640 wagons (in terms of four-wheelers) in 2005-06 and has accordingly invited bids from wagon manufacturers, both in the private and public sectors. The last date for submitting the bids is February ... More

Ships in Ports

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