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Tuesday, December 09, 2008
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LOGISTICS

RAILWAYS: Railway freight hike may dilute excise relief for cement cos
‘A benefit of 2-3% will be passed on to the consumers’. The much-hyped Government stimulus package for the cement industry was partly nullified by a one percentage point hike in freight rates effected by the Railways ...

PIRACY: Terror on high seas, now a major worry for ship owners
Plummeting freight rates and shrinking cargo as a result of the global financial meltdown are not the only issues presently gnawing at shipping companies. The recent flare-up of terror on high seas, off the coast of Somalia, has become a ...

AIRLINES: ‘Jet Airways, Kingfisher agree to pay commission’
Travel agents to pursue demand for restoration of 5%. Bangalore, Dec. 8 Travel agents, who claimed that two domestic airlines had agreed to restore part of the earlier commission to them, have asked other airlines to ...

ROADWAYS: Highway developers await stimulus package fine-print
Emphasise need to expedite process so projects gain from it. New Delhi, Dec. 8 Highway developers are waiting for the details of the Government announcement allowing India Infrastructure Finance Company Ltd (IIFCL) to raise funds by issuing ...

INSIGHT: Back in the red
An abiding mystery of economics is why people invest in volatile businesses with very variable or even, in the long run, non-existent profits. Sports clubs are one example. Airlines, whose decadal rate of return has never exceeded 1.5 per cent, ...

ROADWAYS: 21 highway projects get nod
...

TERRORISM: Terror on trains
With the first ever serial blasts on trains in March 14, 2004 targeting four of Madrid’s commuter trains, killing 191 and injuring over 1,800, the terrorists had discovered the newsworthiness and the ease with which mass rail transport ...

AIR CARGO: BIA to have 11-acre cargo village
Bangalore, Dec. 8 A new, 11-acre Cargo Village will start functioning fromJanuary 2009 at the Bengaluru ...

INFRASTRUCTURE: ‘Infusion of funds to boost highway projects’
New Delhi, Dec. 8 Welcoming steps taken by the Government to increase the infusion of funds to the infrastructure sector, Mr M. Murali, Director General of the National Highways Builders Federation (NHBF), said, “This move will ...

COURTS/LEGAL ISSUES: Lanco Infra weighs options in Vizhinjam port case
Hyderabad, Dec. 8 The Lanco Consortium is evaluating options against a Kerala High Court order challenging the award of development of Vizhinjam International Deepwater ...

ROADWAYS: Goods vehicle owners’ union hails cut in diesel prices
Mr B. Channa Reddy, President of All-India Confederation of Good Vehicles Owners’ Association (ACOGOA), in a statement issued on Monday, welcomed the reduction in diesel price, expressing hope that the reduction would help achieve ...

INFRASTRUCTURE: J Kumar to build skywalks
...





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Markets (Dec 08)
Nifty (at close)2784.00(+69.60)
US Dollar (Buy/Sell)49.56/57
Brent crude (a bbl) Rs1,947
Gold (a gram) Rs1,138
Silver (a kg) Rs16,900

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