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Thursday, May 07, 2009
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AIRLINES: SBI lends Rs 500 cr to Kingfisher Airlines
New Delhi, May 6 The cash-strapped Kingfisher Airlines has been loaned Rs 500 crore by State Bank of India. This is only a fourth of the Rs 2,000-crore which the airline is seeking from a consortium ...

AIRLINES: Jet-Sahara case: HC to give ruling on Friday
Mumbai, May 6 The Bombay High Court has reserved its judgment on the ongoing tax case between Jet Airways and Sahara India Commercial Corporation Ltd (SICCL) ...

SHIPPING/PORTS: Shipping stocks better Sensex
Thanks to iron ore imports by China. From the market lows of March, shipping stocks have rebounded by an average 60 per cent, much higher than the Sensex’s 46 per cent gain over this ...

AIRLINES: Bangalore gets pharma port office
Bangalore, May 6 The Health Ministry has opened a new port office for pharma exports and imports at the Bengaluru ...

AIRLINES: Jet Air-Kingfisher operational synergies pact yet to take effect
Working groups still working out modalities. Bangalore, May 6 The grand alliance between Jet Airways and Kingfisher Airlines on reducing costs through operational synergies is still stuck at the working group stage, nearly seven months after the ...

SHIPPING/PORTS: Kolkata Dock handles record container traffic
Kolkata, May 6 In April, Kolkata Dock System (KDS) handled a record volume of containers, 30,800 TEUs, surpassing the previous best monthly throughput of 28,128 TEUs in August 2008. In April 2008, the throughput was 25,235 ...

SHIPPING/PORTS: Maersk Line hikes rates
Kolkata, May 6 Maersk Line, the world’s largest container line, has announced rate increases on its services from North Europe to North Africa and East and West Mediterranean as well as from Asia to the Mediterranean, according to ...

AIRLINES: Doppler device to be installed at Kolkata airport soon
Kolkata, May 6 A new equipment, Doppler Very High Frequency Omni Range (DVOR), designed to help safe navigation of aircraft, will be installed shortly at the Kolkata airport, according to Mr P K Singhal, Executive Director, Airports Authority ...

PEOPLE: Elected to Company of Master Mariners
...






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Markets (May 06)
Nifty (at close)3625.05(-36.85)
US Dollar (Buy/Sell)49.61/62
Brent crude (a bbl) Rs2,687
Gold (a gram) Rs1,344
Silver (a kg) Rs22,900

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Looking back
Apr. 26-May. 2
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