The Hindu Business Line : Thursday, June 16, 2005

Spicejet set to break even by June-end: CEO
Withdraws Rs 99 fare
SPICEJET is set to become the first low-cost airline in India to turn profitable within a month of its launch while it has withdrawn its promotional fare of Rs 99. "We expected to break even by the end of the six months of launching the ... More

Kerala mulls budget airline
THE Kerala Government is looking at starting a budget airline in association with the private sector, according to Mr Oommen Chandy, Chief Minister. Speaking at a ceremony to mark the launch of Kerala Tourism's `Vazhiyoram' project and to ... More

Air Deccan takes delivery of first ATR 72-500
LOW-cost airline Air Deccan, took delivery of its first new ATR 72-500 aircraft on Wednesday at the Paris Air Show. This aircraft, delivered with a 72-seat configuration, is the first one of an order for 30 new ATR 72-500 aircraft signed in ... More

Kingfisher Airlines orders 15 Airbus aircraft
KINGFISHER Airlines on Wednesday placed orders with European aircraft manufacturer Airbus for 15 planes, including five of the world's largest A380 aircraft and as many A350s and A330s. With the signing of the deal, which according to agency ... More

INFRASTRUCTURE

Tiruchi airport expansion may be completed by Oct
THE runway expansion works at Tiruchi Airport taken up at a cost of Rs 25.93 crore are expected to be completed by the end of October, in time for the schedule of major air transport operators. The runway is being increased to about 8,000 ft from ... More

EIL to prepare tender documents for Petronet Kochi LNG terminal
THE tender documents for Petronet LNG Ltd's proposed Rs 1,600-crore LNG terminal at Kochi will be prepared by Engineers India Ltd assisted by a foreign company, according to Mr Sham Sunder, Director, Technical of the company. He told ... More

SHIPPING

Deferred tax liability of Rs 380 cr written back — Tax regime change boosts shipping cos' profits
THE balance sheets of Indian shipping companies acquired a new sheen at the end of 2004-05, the first year of implementation of the tonnage tax regime that replaced the earlier corporate tax. With the TT regime significantly watering down the ... More

UTI Bank to handle funds for Sethusamudram project
The entire cost of Sethusamudram Ship Channel Project is estimated at Rs 2,427 crore. More

Tuticorin port has potential to be global container hub: PwC
Based on the analysis, the traffic projected for Tuticorin is 1.37 million TEUs by 2010, 2.31 million by 2015 and 3.72 million by 2020. More

SUPPLY CHAIN MANAGEMENT

Maran urges India Post to float banking arm
THE Communications and IT Minister, Mr Dayanidhi Maran, said on Wednesday that the Department of Posts (DoP) should expand its financial services business and hive it off in to a standalone bank. Currently, the postal network offers a number ... More

RAILWAYS

`Rlys to focus on increasing freight, passenger earnings'
THE Railway Minister, Mr Lalu Prasad , has said that the Railways was working towards increasing the earnings in both passenger and freight haulage. Addressing newspersons here, he said the Railways had formulated specific plans such as ... More

ROADWAYS

To manage customs stations — Govt to set up Land Port Authority
THE Government of India is in the process of setting up a national Land Port Authority in the country. This organisation will have the responsibility of managing the land customs stations in the country, said Dr Christy Fernandez, Additional ... More

Truckers' strike on June 20 to protest toll charges
THE All India Motor Transport Congress (AIMTC) plans to suspend movement of trucks from Krishnagiri in Tamil Nadu to other parts of the country from June 20 protesting against the collection of toll charges. The National Highways Authority of ... More

Kerala plans to set up road safety authority
THE Kerala Government is planning to set up a road safety authority to take steps to bring down road accidents in the State and also provide timely help to accident victims. The State Cabinet approved on Wednesday a draft Bill to this effect, ... More

Ships in Ports

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