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NEW BUSINESS
Mumbai sea link: Anil Ambani consortium bags project
Mumbai, Feb. 20 The Mumbai Trans Harbour Link, that aims to promises to cut travel time between Mumbai and Navi Mumbai on the mainland by more than an hour and a half, has finally cleared a major hurdle. A consortium led by the Anil Dhirubhai ... More

AIRLINES
Air Arabia flights to Kozhikode
The low-cost airline Air Arabia is to launch a three times a week flight between Sharjah and Kozhikode from February 26 and plans to operate six times-a-week on this route from May this year. Kozhikode would be the 10th city in the country and ... More

AQUACULTURE
IBS product for Jet Air
I BS Software, a provider of IT solutions to the travel, transportation and logistic industry, said on Wednesday that it had signed a deal with Jet Airways to provide IBS’s crew management solution AvientCrew to the company. AvientCrew ... More

SHIPPING
CMA CGM may go alone in India-Europe, Pak-Gulf routes
Kolkata, Feb. 20 CMA CGM, France’s number one and the world’s number three container shipping line, proposes to leave the joint service it currently operates between Europe and India/Pakistan and Gulf in partnerships with two ... More

Seaways to expand into offshore oil and gas biz
Hyderabad, Feb. 20 Hyderabad-based Seaways Shipping is firming up plans to exploit the growing opportunities in the offshore oil and gas business.The Rs 460-crore company is looking at a joint venture with a foreign firm. Talks ... More

Maruti Suzuki, Mundra Port ink pact for mega car terminal
Rs 100-cr initial investment; port plans cost-effective RORO terminal More

MERGERS & ACQUISITIONS
Blackstone picks up 10.38% stake in Allcargo Global
Deal marks significant premium in placement price More

RAILWAYS
Rlys’ congestion surcharge on iron ore traffic creates problems
Kolkata, Feb. 20 The Railway Board is concerned that the imposition of congestion surcharge on iron ore traffic has thrown up various problems, according to informed sources. The concern is more because a private sector steel plant is ... More

VENTURE CAPITAL
Allcargo stake sale to help expansion
Convertible route reduces debt burden More

PEOPLE
JetLite chief to leave in March
Taking up senior aviation position in Philippines More

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