LOGISTICS
AIRLINES
IA posts Rs 3.90-cr net loss during April-July
THE additional financial burden owing to the rise in the price of aviation turbine fuel (ATF) notwithstanding, Indian Airlines (IA) is on course for a turnaround in its financial performance. The airline has reported a modest net loss of Rs ...
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IA announces special fare to Colombo
INDIAN Airlines has introduced special fares from various points in South India to Colombo, valid till March 31, 2005. According to a press release, passengers travelling from Chennai, Bangalore and Tiruchi to Colombo and back, the fare will be ...
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CIAL posts Rs 22-crore net profit; to pay 8 pc
COCHIN International Airport Ltd (CIAL) at nearby Nedumbassery has posted a net profit of Rs 22.11 crore last fiscal against Rs 12.54 crore in 2002-03 and declared a dividend of eight per cent. This was announced by the Chief Minister, Mr ...
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SHIPPING
Decks cleared for Dubai Port to develop box terminal at Kochi
THE Kochi Port Trust has received the approval from the Union Government for the development of International Container Transhipment Terminal (ICTT) here. The port will soon issue a letter of intent to Dubai Port International (DPI), UAE, which ...
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Kochi LNG project: GAIL to complete pipelines in a year
GAIL (India) Ltd would complete the laying of the pipeline from Kochi to Mangalore and Bangalore in one year once Petronet LNG Ltd (PLL) commences work on its terminal here. The State Government has already issued 6 (1) notification for using ...
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In dire straits
A passenger vessel sets sail for Lakshadweep from the Kochi port. Drydocking of three of the five vessels has affected the movement of passengers between the islands and the mainland. ...
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GENERAL INSURANCE
Public sector insurers against splitting motor cover risks
PUBLIC sector insurers have opposed moves for the separation of motor insurance products into property and liability risk covers. Sources said the four public sector insurers - New India Assurance Company Ltd, National Insurance Company ...
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SUPPLY CHAIN MANAGEMENT
Free gift parcels may be sent via sea post
THE Finance Ministry has clarified that import of "free gift parcels" (including courier) is permitted by sea post as well as by air. An official release on Friday said that free gift parcels could also be exported by sea post. The ...
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RAILWAYS
Rlys handles 237 mt freight in April-Aug
INDIAN Railways carried 237.20 million tonnes (mt) of revenue earning freight during the first five months of the current financial year ending August 2004 compared with 223.04 mt of such traffic during the corresponding period of the previous ...
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