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Wednesday, July 08, 2009
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LOGISTICS

RAILWAYS: Maytas-led consortium loses Hyderabad metro deal
AP says co failed to meet contractual obligations in time. Hyderabad, July 7 The Andhra Pradesh Government today cancelled the Rs 12,132-crore Hyderabad metro rail project contract awarded to the Maytas Infra-led consortium for failing to meet ...

HUMAN RESOURCES: Air India plans to search globally for a COO
Looks to induct persons of international repute on its board. New Delhi, July 7 Air India is to not only look globally for a Chief Operating Officer but is also keen to have persons of international repute and calibre such as telecom technocrat ...

TRADE & LABOUR UNIONS: Are nearby ports using Kochi labour unrest to delay award implementation?
Kochi, July 7 Speculation is rife in trade circles as to whether neighbouring ports are taking advantage of the recently resurfaced labour unrest at Kochi port, taking it as an alibi for delaying implementation of the National Industrial ...

ROADWAYS: NHAI toll collection rises 37%
The Government collected toll revenues of Rs 2,613.42 crore in 2008-09 from the national highways, up 36.8 per cent against Rs 1,910.76 crore in 2007-08. This information was given by Mr R.P. N Singh, Minister of State, Ministry of Road ...

AIRLINES: Bahrain Air begins Mumbai operations
Bahrain Air commenced operations from Mumbai on Monday. This is the third destination that the privately owned National Carrier of Bahrain started from India. The low-cost carrier with offerings of Premium and Economy class already flies ...

SHIPPING/PORTS: New Mangalore port records 18% growth in container handling
Mangalore, July 7 The New Mangalore Port continues to show an upward trend in handling container cargo during the current financial year. The port handled 9,286 TEUs (twenty-foot equivalent units) of containers till Tuesday during the ...

RAILWAYS: Commodity prices may go up
Bangalore, July 7 Prices of commodities moved by railways and waterways are expected to cost more, with the two being brought under the service tax net. But the increase in the rail freight rate would still be cheaper than the road ...

BUDGET: Highway developers laud excise exemption move
New Delhi, July 7 Highway developers have welcomed the proposed exemption of eight per cent excise duty on goods manufactured at work sites, but are unhappy with the increase in the Minimum ...

HUMAN RESOURCES: AI to pay June salary on July 10, 14
Mumbai, July 7 National Aviation Company Ltd (Nacil) will be disbursing salaries to its employees in two tranches ...

SHIPPING/PORTS: Bharati Shipyard ups open offer price to Rs 405
Mumbai, July 7 Bharati Shipyard, which acquired 19.47 per cent stake in Great Offshore last month, has increased its open offer price to Rs 405 a ...

BUDGET: Abolition of FBT to help aviation sector save crores
New Delhi, July 7 The domestic airline industry has welcomed the Budget doing away with the Fringe Benefit ...

SHIPPING/PORTS: Service tax on coastal transport raises many a query
Kolkata, July 7 Several issues have to be addressed before the Union Government is in a position to implement its proposal for service tax on the coastal and inland water transport (IWT) ...

COURTS/LEGAL ISSUES: Hyderabad airport: cases quashed
...

SHIPPING/PORTS: Vizag port, RITES sign pact
...





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Markets (July 07)
Nifty (at close)4,202.15 (+36.45)
US Dollar (Buy/Sell)48.44/45
Brent crude (a bbl) Rs3,063
Gold (a gram) Rs1,353
Silver (a kg) Rs22,765

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