The Hindu Business Line : Tuesday, January 31, 2006

AI signs $429-m interim finance pact for aircraft purchase
AIR India (AI) on Monday signed a $429-million (Rs 1,888.46 crore) interim financing agreement with a consortium of banks for funding the purchase of new aircraft for itself and its 100 per cent subsidiary Air India Express. "The funds raised ... More

Emirates launches services to Addis Ababa
EMIRATES has re-affirmed its commitment to East Africa by announcing the launch of services to the Ethiopian capital of Addis Ababa. Effective March 27, Emirates will operate three flights a week to Addis Ababa. Subsequently, Emirates' ... More

INFRASTRUCTURE

Bandra-Worli sea link to be operational by 2008
The link would be operated on BOT basis and the Government would finalise toll charges when it comes up. More

SHIPPING

Iron ore shipment through Paradip port back to normal
Despite improvement in ore shipments, port authorities apprehend that the total cargo throughput for Januarywill be lower by an estimated one lakh tonnes than that in the same month of 2005. More

Kochi Mercantile Marine Dept office upgraded
THE Cochin Port Trust Chairman, Mr N. Ramachandran, has inaugurated the office of the Principal Officer, Mercantile Marine Department at Kochi. Earlier the office was functioning as a branch office of the department under the Chennai District ... More

FINANCIAL PERFORMANCE

Essar Shipping Q3 net down at Rs 31 cr
ESSAR Shipping Ltd reported a net profit of Rs 31.23 crore for the quarter ended December 31, 2005, down from Rs 107.24 crore in the year ago period. The total income for the period stood at Rs 164.43 crore, which also was down from Rs 209.34 ... More

TRADE & LABOUR UNIONS

Bids for Mumbai, Delhi airports revamp to be opened today — Union wants Govt to consider its alternate plan
THE modernisation and restructuring of Delhi and Mumbai airports is set to reach the last lap with the Government scheduled to open the financial bids to decide on the eventual winners here tomorrow. "The bids will be opened at 3.30 p.m. ... More

ROADWAYS

NHAI signs Rs 490-cr pacts with Reliance Energy-promoted SPVs
THE National Highways Authority of India (NHAI) on Monday signed two concession agreements with Reliance Energy Ltd-promoted special purpose vehicles (SPVs) to four-lane two national highway sections on NH-7 in Tamil Nadu on ... More

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