LOGISTICS
AIRLINES
Aviation FDI cap hiked to 49 pc — Foreign airlines stay barred from holding stake
IN a move aimed at showing India's keenness to attract greater foreign direct investment, the Union Cabinet, on Wednesday, hiked the FDI cap in domestic airlines to 49 per cent from the existing 40 per cent. However, foreign airlines would not ...
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Fine with us, says Left
THE Left parties on Wednesday said that they had no objection to the Government's decision to go ahead with hiking the foreign direct investment cap in aviation. "We have no objection to the proposal since control of the domestic airlines ...
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Kingfisher Airlines' launch put off to April 2005
THE launch of what could have been the country's second low-cost airline - Kingfisher Airlines - has been delayed. The Chairman of the UB group, Mr Vijay Mallya, told Business Line on Wednesday that the launch of the low-cost ...
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IA to get Rs 138 cr to clear dues
NEW DELHI: The Cabinet Committee on Economic Affairs (CCEA) on Wednesday gave its `in principle' approval for a one-time non-Plan budgetary assistance of about Rs 138.33 crore to Indian Airlines to clear dues to several creditors, ...
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Assocham hails FDI hike in airlines
THE Associated Chambers of Commerce and Industry (Assocham) has welcomed the Government's decision for hiking the foreign direct investment ceiling from the existing 40 per cent to 49 per cent for domestic airlines. In a statement issued here ...
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Growth in general aviation aircraft segment seen
OVER 18,600 piston and turbo prop general aviation aircraft are expected to be delivered globally in the next 10 years, thereby generating over $11 billion (around Rs 50,435 crore) revenue. According to an estimate made by the ...
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12 pc rise in cargo export from two airports in Kerala
IN the first half of the current financial year, the volume of cargo exported from the Thiruvananthapuram and Kozhikode airports grew by 12.18 per cent over the same period last year. According to Kerala State Industrial Enterprises Ltd ...
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SHIPPING
Shreyas Shipping to expand to East Coast
SHREYAS Shipping Ltd, part of the Transworld Group and the country's first container feeder shipping company, is planning to expand its operations from the West Coast to the East Coast of India. The company will soon be introducing freight ...
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Labour union demands early construction of Vallarpadam terminal
THE Cochin Port Labour Union has demanded that the construction of the international container transhipment terminal project at Vallarpadam site should start immediately after the commencement of operations by the Dubai Port International at the ...
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Shreyas Shipping Q2 net jumps to Rs 4 cr
SHREYAS Shipping Ltdhas reported a net profit of Rs 4.03 crore in the second quarter of the current fiscal, as against Rs 3.81 lakh in the corresponding quarter of previous fiscal. During the first six months in the current fiscal, its net ...
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ROADWAYS
Motor vehicles adalat at Kottayam
Trivandrum taxi drivers oppose `Rent-A-Car' scheme
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