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Saturday, January 17, 2009
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LOGISTICS

AIRLINES: Jet Airways loss doubles on high fuel costs, lower loads
Cutting of jobs high on co’s list. Mumbai, Jan. 16 Jet Airways has posted a loss of Rs 214 crore in the third quarter, more than double the net loss of Rs 91 crore recorded in the same period ...

TAXATION: Delhi hints at reducing sales tax on aviation fuel
Mallya seeks infrastructure status for aviation sector. New Delhi, Jan. 16 The Delhi Chief Minister, Ms Sheila Dikshit, on Friday hinted at reducing the high rate of sales tax that is currently charged by the state on aviation turbine ...

RAILWAYS: E. Rly handles higher freight traffic
Between April and December 2008, Eastern Railway (ER) handled 35.318 million tonnes (mt) of freight traffic against 31.082 mt in the same period of last year, posting a 13.63 per cent growth, according to a press release issued by ER. The share ...

SHIPPING/PORTS: Tight global liquidity further drags down weak freight market
Mumbai, Jan. 16 Shipping companies appear to be facing delays in issue of Letters of Credit (LC) due to the tightening global liquidity position, which is further dragging down an already weak ...

SHIPPING/PORTS: Iron ore exports from Gangavaram port soon
Gangavaram port will soon start handling iron ore exports. Initially, two rakes of ore for exports will move into the port every day, according to a spokesman for East Coast Railway (ECoR). "The ore will be loaded in the mines served by ...






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Markets (Jan 16)
Nifty (at close)2,828.45(+91.75)
US Dollar (Buy/Sell)48.77/79
Brent crude (a bbl) Rs2,184
Gold (a gram) Rs1,209
Silver (a kg) Rs18,365

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Interview
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In Focus
Who is hiring?

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Other Top Stories
Another round of job cuts at Motorola India

Fiat plans low-cost car for India by 2012

RBI gets data on Satyam exposure

IMEI number: DoT insists on compliance

Export of rice to African nations permitted

Questions over health cover renewal

Looking back
Jan. 4-Jan. 10
LCV operators may join transport strike

Major ports’ cargo traffic rises 2% in Dec quarter

Life



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