The Hindu Business Line : Wednesday, April 13, 2005

Air One to raise $20 m to fund fleet acquisition
LOW cost airline Air One, which plans to start feeders operations from August, said on Tuesday that it plans to raise over $20 million over two years to fund its acquisition of aircraft. The airline is in talks with a few financial institutions ... More

SHIPPING

Ennore Port hopes to wipe out losses — Centre may disinvest stake next financial year
ENNORE Port Ltd, which manages Ennore port located north of Chennai, has reported a net profit for 2004-05 and is confident of wiping out its accumulated losses this financial year. The company, which is two-thirds owned by the Government and ... More

Mercator raises $60 m through FCCB issue
MERCATOR Lines Ltd (MLL) has raised $60 million (around Rs 270 crore) through the placement of foreign currency convertible bonds (FCCBs) with a cash coupon rate of 1.5 per cent per annum and a maturity of five years and one day. The issue was ... More

Record handling of bulk iron ore lumps at Chennai port
THE United Stevedores, one of the oldest stevedoring firms at the Chennai port, along with their shore-handling agents BL Transports, has created a new record in loading iron ore lumps in bulk from the Jawahar Docks (East) on a single day. The ... More

SUPPLY CHAIN MANAGEMENT

TNT Express begins `Mango Bytes' service
TNT Express has begun its `Mango Bytes' service this year, through which Alphonso mangoes can be sent across international boundaries. A TNT press release says the service, available for over 35 countries, "saves the customers the hassles of ... More

RAILWAYS

Delhi Metro Rail to prepare detailed report for Chennai
THE Tamil Nadu Government has asked the Delhi Metro Rail Corporation to prepare a detailed project report for a metro rail project for Chennai. The report will be ready in six months and will cost Rs 3.30 crore, according to the Chief Minister, ... More

Wagon investment scheme facilitates assured supply of rakes to customers
THE Wagon Investment Scheme, as announced in the Rail Budget for 2005-06, has been formulated for immediate implementation. The essence of the scheme is that it focuses on assured supply of guaranteed number of rakes every month to a customer ... More

Ships in Ports

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