The Hindu Business Line : Thursday, February 24, 2005

Jet Airways IPO subscribed 10 times
MUMBAI: The Jet Airways IPO has been oversubscribed 10 times as on Wednesday, according to figures released on the stock exchange Web site. The number of bids received exceeded 17.5 crore as against the issue size of 1.72 crore. The ... More

Reduction in commission — Travel agents threaten to take action against airlines
TRAVEL agents across the country have threatened action against airlines if they go ahead with reduction in commission from 7 per cent to 5 per cent from April and later do away with the commission itself. A top official of the Travel Agents ... More

Northwest Airlines plans to connect Bangalore
NORTHWEST Airlines (NWA) has filed a request with the US Department of Transportation to expand its operations in India. As first priority, the airline intends to offer a service from Minneapolis/St Paul International Airport to Bangalore (via ... More

SHIPPING

Kandla Port handles record volume of wheat cargo
THE Kandla Port has registered an all-time record in cargo handling by loading 24,388 tonnes of wheat in a single day, surpassing the previous best of 19,233 tonnes in 2003. The port had handled the cargo on February 5 from the vessel MV ... More

`Deepen port channels to attract mainline vessels'
THE Union Shipping Ministry has been encouraging major ports to participate in special purpose vehicles for road and rail connectivity projects through equity participation with an objective to improve the infrastructure, according to the Union ... More

SUPPLY CHAIN MANAGEMENT

Concor Coimbatore ICD venue is Customs notified
THE Central Board of Excise and Customs (CBEC) has declared Irugur village near Coimbatore, where the Container Corporation of India (Concor) is setting up a new inland container terminal complex, a Customs notified area. CBEC has issued a ... More

RAILWAYS

Rlys working out ways to increase freight volumes
FREIGHT being the mainstay of its revenues, the Railways is likely to step up its investments towards improving track capacity and increasing the wagon fleet in the forthcoming Budget. Another proposal under consideration is to increase the ... More

Rlys raises wagon registration fees
THE Railways has broad-based as well as revised upwards its wagon registration fees with effect from February 15. The last revision was in April 1999. The revision has made payment of fee mandatory for all consignors. No exemption or ... More

ROADWAYS

Partnership pact signed to develop Chennai IT corridor
WORK on improving the Information Technology Corridor - a 20-km stretch of the Old Mahabalipuram Road - is all set to begin. Facilitating this is what is being described as a path-breaking agreement called a Partnership and Development ... More

Ships in Ports

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