LOGISTICS
AIRLINES
Air Sahara unveils `Steal fares' on six sectors
THE battle to woo the domestic air traveller is hotting up. Air Sahara on Monday announced `Steal fares' through which passengers can avail themselves of substantial savings on select to-and-fro flights on six sectors. These include ...
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Air India board okays plan to sell New Mumbai apartments to staff
THE Air India board on Monday decided to sell some 500 apartments located at Nerul in New Mumbai to its employees. These flats, meant as living quarters for its employees, were lying vacant for the past five years. According to company ...
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US Airways Group files for bankruptcy protection
UNABLE to wrest some $800 million in concessions from labour unions, US Airways Group Inc has filed for bankruptcy protection for the second time in two years. That expected move came on Sunday afternoon at a filing in a Bankruptcy Court in ...
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SHIPPING
Delay in SCI service to West Asia hits exporters
WITH Shipping Corporation of India (SCI) not having any plans as yet to introduce a container service to West Asia , Indian exporters have been badly hit, as foreign shipping liners are trying to cash in on their monopoly in that region by hiking ...
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SUPPLY CHAIN MANAGEMENT
Sical sets up subsidiary to handle TNEB contract
SOUTH India Corporation (Agencies) Ltd has set up a subsidiary, SICAL Logistics Ltd, for exclusively handling a coal-handling contract from the Tamil Nadu Electricity Board (TNEB). In February 2002, SICAL, part of the M.A. Chidambaram group, ...
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RAILWAYS
RailTel ties up Rs 200-cr loan from IRFC
RailTel Corporation of India (RCIL) has tied up a loan of Rs 200 crore from the Indian Railway Finance Corporation (IRFC). Of the total loan amount, RCIL has already drawn up Rs 150 crore for speedy implementation of its ongoing projects. ...
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Rajapalayam-Tenkasi BG line
MADURAI: The inauguration of the newly laid broad gauge section between Rajapalayam and Tenkasi is likely to be on September 20. The Union Railway Minister, Mr Lalu Prasad, is expected to flag off the Tenkasi-Chennai (weekly) Super fast ...
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ROADWAYS
Plan for coastal highway to link Vallarpadam with Moothakunnam
AS Kochi prepares itself to witness a host of infrastructure developmental activities, including the Vallarpadam Container Terminal, the district administration has mooted a proposal to construct a 30-km long coastal highway in Vypeen linking ...
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PEOPLE
New chief for GAC India
GAC group (GAC), a global shipping and logistics company, has appointed a new chief of the Indian business. Mr Paul Haegeman, who was earlier General Manager of Andhika GAC, Indonesia, a joint venture between Andhika Lines and GAC, is GAC ...
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