The Hindu Business Line : Thursday, January 12, 2006

AI signs deal for 68 Boeing aircraft — Boeing to invest $185 m for various facilities
AIR India today signed an agreement with Boeing for the purchase of 68 aircraft at an estimated cost of Rs 35,000 crore. The list price is $11billion (about Rs 48,700 crore) but the airline had negotiated the price, Mr Praful Patel, Minister of ... More

SHIPPING

New Mangalore Port handles 26 mt cargo
THE New Mangalore Port handled 26.05 million tonnes (mt) of cargo during the first nine months of the current fiscal as against 24.12 mt in the year-ago period, registering a growth of 8 per cent. The port, which handled 12.20 mt (11.29 mt) of ... More

PSA International eyes Peninsular — Offers higher deferred stock
PSA International, Singapore, has made an approach to acquire Peninsular & Oriental Steam Navigation Co, a British container port and ferries operator. This rivals an offer by the Dubai-based DP World. The Singapore port operator did not give a . More

Delay in dredging at Kochi worries Petronet LNG
PETRONET LNG, that is setting up a LNG terminal at Puthu Vypeen Island, Kochi at an estimated cost of Rs 2,000 crore, is concerned over the delay in dredging activities at the site. Talking to Business Line, Mr P. Dasgupta, Managing ... More

Chennai port extends deadline for bids
THE Chennai Port Trust (ChPT) has extended the date for submission of bids to develop a business plan for the port from January 9 to January 17.

ALLIANCES & JOINT VENTURES

Sahara, Jet in talks for `strategic alliance'
AIR Sahara and Jet Airways are in talks to form a "strategic alliance" although no formal decision has yet been taken on moving the process forward, according to the Executive Vice-President of Air Sahara, Mr Alok Sharma. "We have not signed ... More

RAILWAYS

Rlys earnings up 15 pc in Apr-Dec `05
INDIAN Railways registered a 15 per cent increase in total earnings with revenues of Rs 38,928.56 crore during April 1-December 31, 2005 as compared to Rs 33,762.16 crore during the same period the previous fiscal. The total earnings were 4.91 ... More

Cuttack-Paradip rly line to be electrified
The doubling has already boosted the line capacity substantially and once the electrification is over it should be possible to handle as many as 30 rakes a day each direction on the route. ... More

ROADWAYS

Helmet to come with bike in AP
HYDERABAD: In order to increase the usage of helmets by two-wheeler riders, the Andhra Pradesh Government has decided to make it mandatory for the dealers to sell helmets along with vehicles. Talking to reporters here on Wednesday, the ... More

`New model concession norms for roads may cut profitability of pvt sector'
THE new model concession agreement (MCA) set for the road sector may lead to increased grant requirements from the Government as it brings down returns for the concessionaire, according to an expert in consulting firm Ernst & Young. "We ran ... More

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