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Friday, May 09, 2008
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Markets (May 8)
BSE Sensex17080.65 (-258.66)
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US Dollar41.78 (+0.43)


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LOGISTICS

AIRLINES
Frankfinn plans to come out with IPO next year
Moving forward with its plans to launch a low-cost airline service, Frankfinn Aviation is now mulling a full service airline operation by 2009 end or the beginning of 2010. The airhostess-training institute is also planning an IPO at ... More

Virgin Atlantic, TCS renew contract
Virgin Atlantic, the UK-based long haul airliner, has renewed its managed services contract with Tata Consultancy Services till 2011. Under the renewed agreement, TCS will continue to manage Virgin Atlantic’s global end-to-end IT systems, ... More

Dragonair to reschedule Bangalore service
Bangalore, May 8 Dragonair, a part of the Cathay Pacific Group, on Thursday announced it will reschedule the launch of its new service to Bangalore to July 1. The decision follows more time required for availability of local facilities ... More

INFRASTRUCTURE
EC to Karnataka Govt: Cancel decision on NICE
The Election Commission of India has directed the Karnataka Government to cancel the decision of the April 25 meeting of the Executive Committee (which acts as the Cabinet during President’s rule), to allow Nandi Infrastructure Corridor ... More

SHIPPING
Shreyas Shipping steers Maruti cars into Kochi port
Time saved: 3 days; less damage More

HUMAN RESOURCES
Demand for merchant navy officers from India rising
Kochi, May 8 As the shortage of officers to man ships on high seas continues to mount, Indian candidates are being increasingly sought after by international shipping fleet. Akin to the BPO and IT industry, proficiency over the English ... More

TRADE & LABOUR UNIONS
Normalcy back at New Mangalore
Cargo-handling workers at the New Mangalore port resumed normal work on Thursday morning after a prolonged late evening meeting on Wednesday. The cargo-handling workers, who adopted go-slow attitude in their operations since May 2, were ... More

RAILWAYS
Indian Bank ATM at rly station
The District Collector, Mr S.S. Jawahar, inaugurated an automated teller machine (ATM) with e-ticketing facility of Indian Bank at Madurai railway junction here. According to a press release, this is the 12th ATM of the bank to be installed with ... More

OUTLOOK
Adani Group awaits Centre’s nod to set up airport at Mundra
Ahmedabad, May 8 The Adani Group, after setting up a port, a rail-line and an airstrip at Mundra in Kutch district of Gujarat, is expecting the Centre’s permission to add infrastructure for expanding the facility for domestic and ... More






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