The Hindu Business Line : Friday, April 29, 2005

SpiceJet to target train passengers
THE Indian Railways could soon face increased competition from the domestic aviation sector. The new start up airline, SpiceJet, which takes to the skies by the middle of next month, is to concentrate on various segments of travellers, including ... More

INFRASTRUCTURE

Oman Air interested in developing airport infrastructure
OMAN Air, the national carrier of the Sultanate of Oman, will be interested in developing airport infrastructure in India, according to Mr Abudirahman Al Busaidy, CEO.Mr Busaidy said that the airline, which is the only publicly listed airline ... More

SHIPPING

SCI fleet acquisition plan hits hurdles
SHIPPING Corporation of India is finding it difficult to go ahead with its proposal to acquire tankers, bulk carriers and container vessels in view of the world's major shipbuilders' reluctance to accept new orders for deliveries in next 2-3 ... More

Gangavaram port project to hit fisherfolk in 2 villages
THE Gangavaram port is an ambitious project awarded to a private consortium by the Andhra Pradesh Government and it is likely to trigger industrial growth in the Visakhapatnam region. But for the fisherfolk in two villages in the vicinity — ... More

FINANCIAL PERFORMANCE

Varun Shipping net rises 128 pc; to pay 20 pc final
VARUN Shipping has reported a 128 per cent jump in net profit for the fiscal 2004-05 to touch Rs 81.6 crore against Rs 35.80 crore in the previous fiscal, sailing on the back of a buoyant freight market. The company has recommended a final ... More

RAILWAYS

Ircon's PBT up 24 pc at Rs 98 cr
NEW DELHI: Ircon International Ltd, construction wing of Ministry of Railways, has reported an all-time high turnover of Rs 972 crore during 2004-05. The PSU also posted a 24 per cent increase in overall profit before tax to Rs 98 ... More

RCC moots 6.5 pc dividend payout for Railways
THE Railway Convention Committee (RCC) has recommended a dividend payout of 6.5 per cent for the Indian Railways for the fiscal 2005-06 instead of the 7 per cent that Railways has been paying out till date. At a 6.5 per cent dividend payout, ... More

Trans-Asian rail corridor — BIMS-TEC team to be formed to coordinate regional issues
AN international rail council meeting that got off here on Thursday has decided to have the Asia regional coordination team in place by June for pursuing the trans-Asian rail corridor. The committee would be drawn from BIMS-TEC nations to ... More

ROADWAYS

`Speed governors' in phases
THIRUVANANTHAPURAM: The State Transport Commissioner has directed the implementation in phases of the directive that requires of stage carriers and heavy transport vehicles to incorporate `speed governors.' An official spokesman said ... More

Ships in Ports

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