Financial Daily from THE HINDU group of publications
Tuesday, October 11, 2005
Markets (October 10)
BL 2502415.04 (-17.35)
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US Dollar (Buy/Sell)44.71/44.84
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LOGISTICS

AIRLINES


Air Deccan to hike fares 15 pc; Re 1, Rs 500 fares to remain
AIR Deccan has decided to increase its fares by 10 to 15 per cent later this week; but the popular Re 1 and Rs 500 fares will remain untouched. "We plan to increase our fares which are above Rs 3,000 by 10 to15 per cent," the airline's Managing ... More

Air India Express to increase flights
AIR India Express, the low-cost airline of Air India, will soon increase the number of flights it operates, the Chairman and Managing Director of Air India, Mr V. Thulasidas, has said. "We are planning to increase flights to Sharjah and Dubai. ... More

Centre may approve States' plans for own airlines
THE Union Ministry of Civil Aviation proposes to look into the proposals submitted by States interested in setting up their own airlines, according to the Civil Aviation Secretary, Mr Ajay Prasad. Stating that a couple of States are currently ... More

Air India mulling maintenance facility in Thiruvananthapuram
AN aircraft maintenance centre in Thiruvananthapuram is on the agenda of Air India, said Mr V. Thulasidas, Chairman and Managing Director. The airline's decision to establish a maintenance facility in the city was contingent on Air India ... More

Jet Air launches Web check-in facility
JET Airways has launched a distinctive online facility for Web check-in here today. Jet Airways is the first Indian airline and fifth in Asia-Pacific to introduce this facility, said Mr Gaurang Sethi, Vice-President (Marketing), Jet ... More

Swiss TravelClub to be transferred to Miles & More
THE Swiss TravelClub, the frequent flyer programme of Swiss International Airlines, is to be transferred to Miles & More, Europe's leading frequent flyer programme, on April 1, 2006. According to a press release, the new arrangement will offer . More

INFRASTRUCTURE


New Hyderabad airport to take off by March 2008
THE new international airport coming up at Shamshabad, in the outskirts of the city, at an estimated cost of Rs 1,663 crore on 5,500 acres area will take off by March 2008, according to the Hyderabad International Airport Ltd (HIAL) Managing ... More

W. Australia to collaborate with TN for LNG terminal
TAMIL Nadu and Western Australia can collaborate to develop the LNG terminal proposed at Ennore Port in Tamil Nadu, according to the Chief Minister, Ms Jayalalithaa. According to an official press release, Ms Jayalalithaa told a delegation from ... More

SHIPPING


Ennore Port's coal terminal hits legal speed-breaker
THE Rs 350-crore Ennore Port coal terminal has hit a legal speed-breaker. The Madras High Court has ruled that South Indian Corporation Ltd, a consortium leader that was disqualified by Ennore Port in May 2003 from bidding for the 8-million ... More

Experts stress need for shipping infrastructure
EXPERTS at a seminar on World Maritime Day have stressed the need to develop national shipping infrastructure in India in order to reap the benefits of globalisation and the economic benefits deriving out of it. They said that the share of ... More

Bangladesh may allow N-E States transit facility thru' Chittagong
THE Bangladesh Government is believed to be favourably disposed towards the Indian Government's request for granting the north-eastern States transit facility through Chittagong port in Bangladesh. The facility, if granted, will boost traffic of ... More

Customs, DGFT to exchange EDI shipping data digitally
THE Government has now decided that data relating to EDI (Electronic Data Interchange) shipping bills (for Duty Entitlement Passbook Scheme) issued on or after October 1, 2005, from the 23 Customs-EDI Ports shall be exchanged between Customs and ... More

MERGERS & ACQUISITIONS


Kingfisher Airline looking to pick up stake in Air Sahara
KINGFISHER Airline is among the bidders looking to acquire a stake in Air Sahara. A senior official of Kingfisher Airline said that the airline had received the information memorandum for private equity placement and was studying ... More

ROADWAYS


APSRTC unions stand firm on strike plan
ALL the unions of the Andhra Pradesh State Road Transport Corporation (APSRTC) are firm on going on strike from October 18, as the State Government's attitude to the problem is "very disappointing and it is not even willing to negotiate with the ... More

IVRCL bags NHAI orders
HYDERABAD: IVRCL Infr astructures & Projects Ltd has announced that the National Highways Authority of India (NHAI) awarded two packages (TN-6 & TN-7) of National Highway-7 in Tamil Nadu on build, operate and transfer basis. The ... More


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