LOGISTICS
SHIPPING
HSL has orders worth Rs 2,000 cr
The Hindustan Shipyard Ltd (HSL) has orders worth Rs 2,000 crore on hand for construction of 19 ships and repairing of a submarine, according to the Rear-Admiral Ajit Tewari, Chairman and Managing Director.After hoisting the flag on the ...
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Vizag port handles 22.8 million tonnes cargo
Welfare budget to be hiked to Rs 2 crore
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MERGERS & ACQUISITIONS
Punj Lloyd raises Rs 814 cr
Engineering and construction firm Punj Lloyd Ltd has raised Rs 814 crore through a qualified institutional placement of 2.9 crore shares at Rs 275 each. Proceeds from the issue would be used to fund the acquisition of a 25.1 per cent stake in ...
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TRADE & LABOUR UNIONS
Air India ground staff call off strike
Mumbai, Aug. 15 Around 8,000 employees comprising ground handling staff of Air India called off their strike at 11.35 p.m. on Tuesday. The strike was called off as the airline management assured the staff its demands on Performance Linked ...
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DIVERSIFICATION
SCI mulls diversifying into shipbuilding
In talks with shipyards; would like 26% ownership
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