The Hindu Business Line : Thursday, April 28, 2005

Airbus wants CVC to look into AI's acquisition deal
A DAY after losing the 50 aircraft acquisition proposal of Air India (AI) to arch-rival Boeing, the European aircraft manufacturer, Airbus Industrie, today called for sending all the papers connected with the acquisition deal to the Central ... More

Budget express in the air
Offering quality service at affordable rates will be Air-India Express' USP, the country's first international budget airline, which is all set to take off on its maiden flight. More

SriLankan Cargo eyeing fabric, perishables
THE first exclusive freighter to link Coimbatore with Colombo — the SriLankan Airlines (SriLankan Cargo) — is expected to rely on perishables and garment shipments from Coimbatore and the fabric imports from the Far East by Tirupur's ... More

Trade hails Pune customs airport
FEBRUARY 2005 had heralded good times for the exporters as it was announced that Pune airport would then be called a customs airport. From then on, exporters have started breathing easy as their consignments no longer need to make a trip to ... More

Aviation Ministry seeks comments on IA's fleet proposal
IN what would come as a boost to the fortunes of Indian Airlines (IA), the Ministry of Civil Aviation on Wednesday sought the comments of some other key Ministries on the airlines' 43-Airbus aircraft multi-billion dollar fleet acquisition ... More

AI refutes charges
AIR India has refuted the charges levelled by the European aircraft manufacturer Airbus Industrie regarding the process followed by the airline to purchase 50 aircraft. An AI spokesman said the airline has not "deviated even one bit" from the ... More

SHIPPING

Gujarat Pipavav raises Rs 125-cr equity from IDF
GUJARAT Pipavav Port Ltd (GPPL) has raised Rs 125 crore equity from IDFC Private Equity-managed the India Development Fund (IDF). After the recent capital restructuring, APM Terminals (APMT), part of the A.P. Moller-Maersk Group, is now the ... More

EEPC calls for Vizag port upgradation
THE Engineering Export Promotion Council (EEPC) has called for upgradation of ports to make them handle mother vessels. "Exporters will be spending money at Visakhapatnam Port to get products board onto the feeder vessels and then at Colombo or ... More

Tea shipments through Amingaon ICD — Shipping lines don't rule out freight hike
THE probable volume of tea shipments through the Amingaon (Guwahati) inland container depot (ICD) in 2005-06 is still not clear but the shipping lines do not rule out a freight hike. In 2004-05, the average freight between Kolkata/Haldia and ... More

ONGC mulls investing in very large crude carrier
IT may take a while before Oil and Natural Gas Corporation Ltd (ONGC) firms up its plans to invest in its own crude carrier. The company, which favours buying a very large crude carrier (VLCC), is doing a feasibility study on the cost ... More

STOCKS

Aegis Logistics up on growth prospects — Buyback offer price at Rs 75 per share
AEGIS Logistics counter on Wednesday moved up by 4 per cent to finish at Rs 73 after touching a high of Rs 76.90. Interestingly, the company's buyback proposal for about 5 per cent stake, which is now before the Securities and Exchange Board of ... More

TRADE & LABOUR UNIONS

Agreement over Kochi port steamer watchmen issue
THE ongoing issue of steamer watchmen who lost their on board employment following the implementation of the ISPS code at Kochi Port, has been settled with an agreement among the Cochin Steamer Agents Association, the port management and the ... More

Ships in Ports

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