The Hindu Business Line : Friday, December 20, 2002

Air India to hedge on fuel prices
THE New Year could bring some more cheer to Air India (AI). In a move that may further improve its bottom line, the Maharaja can hope to start hedging on the prices of aviation turbine fuel (ATF) that the airline uplifts during the first half of ... More

IA casual labourers lose case — Regularisation claim not tenable, says court
THE Madras High Court has held that when a large number of people were employed as casual labourers on rotation basis and when they had accepted their position for quite some time, they could not claim that all of them should be regularised. If ... More

INFRASTRUCTURE

Central India Pipeline project being reworked
THE country's largest common carrier pipeline project appears to be choking with cost and time overruns. The 1,760-km Central India Pipeline project will have its carrying capacity and cost "reconfigured" and may also no longer be a ... More

Plea to develop Madurai airport
THE Tamil Nadu Chamber of Commerce and Industry has appealed for early completion of Madurai Airport expansion and modernisation. A delegation of the Chamber led by its President, Mr S.Rethinavelu, which met the Union Minister of Civil ... More

SHIPPING

Essar Shipping prepays Rs 136 cr to ICICI Bank
ESSAR Shipping Ltd today said it has prepaid Rs 136-crore loan to ICICI Bank, three years ahead of maturity. With this, the company would save Rs 10.56 crore per annum as the loan advanced in January 1999, carried an interest of 12.88 per cent, ... More

ROADWAYS

Auto fuel policy on the anvil
THE Union Government is working on a comprehensive auto fuel policy, which will take care of environmental concerns, according to the Union Minister of Petroleum and Natural Gas, Mr Ram Naik, here. Addressing the Parliamentary Consultative ... More

Curbs on old vehicles

Ships in Ports

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Dec. 8-Dec. 14
`We will put Railways on savings track' — Mr V. Gujral, Vice-Chairman & CEO, Jindal Steel

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