The Hindu Business Line : Thursday, December 22, 2005

UAE co invests more in SpiceJet
UAE firm Istithmar has announced that it has raised its stake in SpiceJet, the low-cost carrier, to $50 million. Earlier this year, Istithmar invested $12.5 million in SpiceJet. The stake rise comes through SpiceJet's recent issue of Foreign ... More

Singapore Airlines revises schedule
SINGAPORE Airlines has announced revisions to its Hyderabad schedule. From the four-weekly flights that it operates to and from Hyderabad every Monday, Wednesday, Friday and Sunday, the revisions only impact the Friday and Sunday frequencies for ... More

INFRASTRUCTURE

Delhi, Mumbai airports revamp plan to be referred to panel
THE empowered Group of Ministers (e-GoM) today decided to refer the modernisation and restructuring programme for the Delhi and Mumbai airports to a five-member committee headed by the Cabinet Secretary. The Committee has been given two weeks ... More

SHIPPING

Suez Canal depth being increased
After the increase in draft, the canal will handle vessels up to 2.40 lakh DWT capacity from 2.10 lakh DWT. More

Chennai Port Trust to set up desalination plant
THE Chennai Port Trust is putting up a desalination plant to supply potable water to the trust's offices, residential quarters of employees, industrial canteen, hospital and other agencies in the port premises. Thirteen companies have expressed ... More

Mercator Lines board okays bonus issue
MERCATOR Lines Ltd said its board has approved issue of bonus shares in the ratio of three shares for every two held. The company has also announced plans to raise up to $75 million via an issue of securities in the local or overseas market. ... More

EVENTS

NMPT to conduct seminar on dredging tomorrow
THE New Mangalore Port Trust (NMPT) will conduct a seminar on `Capital and maintenance dredging in major ports of India' here on Friday. Speaking to newspersons on Wednesday, the NMPT Chairman, Mr P. Tamilvanan, said that various organisations ... More

RAILWAYS

Railways freight earnings up 17 pc at Rs 22,615 cr
THE Railways has increased its freight earnings by 17 per cent to touch Rs 22,615.53 crore during the first eight months of the current fiscal ending November 2005, compared to Rs 19,355.47 crore during the corresponding period last year. On a ... More

Rlys to place orders for wagons with Burn Standard, Braithwaite
THE Ministry of Railways has decided to place orders for wagons with the two public sector units Burn Standard and Company and Braithwaite to help revive the units, the Minister for Railways, Mr Lalu Prasad, said on Wednesday. Briefing ... More