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LOGISTICS
RAILWAY BUDGET:
Lalu cuts fares by 2% across all classes
Pay panel award impact may hit cash surplus in current fiscal. New Delhi, Feb. 13 Mr Lalu Prasad’s rather successful run as Rail Minister has suffered a slowdown of sorts in the last year of his tenure ahead of the forthcoming Parliament ...
RAILWAY BUDGET:
Railway fare cut weakens aviation stocks
Aviation stocks lost altitude on Friday, albeit a little, after the Railway Minister, Mr Lalu Prasad, announced 2 per cent cut in passenger fares during ...
INSIGHT:
Rail Budget: Tall claims, but short on substantial efforts
New Delhi, Feb 13 For a politician introducing the Railway Budget for 2009-10, as the speech in Mr Lalu Prasad puts it, the entire exercise is cleverly packaged to tom-tom the scorecards of his stewardship in the Railway Ministry for the ...
RAILWAY BUDGET:
Challenge on the tracks
When Mr Lalu Prasad rose to present his fifth and last Railway Budget in Parliament, he was not just recounting the finances of a public utility with one of the largest rail networks in the world; he was continuing the saga of one of the ...
INSIGHT:
Amber signal ahead
The interim Railway Budget has rightly taken note of the slowdown in the economy, the effects of which have been acknowledged. Freight loading has suffered a setback following the drop in iron-ore loading, container traffic and ...
RAILWAY BUDGET:
Low-profile Lalu
After turning up with results that would turn most tycoons and corporate honchos green with envy, did the usually savvy Railways Minister, Mr Lalu Prasad, miss a bet in making political capital of the performance of a monolith when much else of ...
RAILWAY BUDGET:
Pay panel award to cost Rlys Rs 13,600 cr
New Delhi, Feb. 13 The Sixth Pay Commission award to 14 lakh employees and 11 lakh pensioners will cost the Indian Railways Rs 13,600 crore during 2008-09 and over Rs 14,000 crore in the ...
RAILWAYS:
IRFC may raise Rs 7,500 cr next fiscal
New Delhi, Feb. 13 The Indian Railway Finance Corporation (IRFC) is expected to raise market borrowings of Rs 7,500 crore during the coming ...
RAILWAY BUDGET:
Industry welcomes rail budget
Kochi, Feb 13 The trade and industry has welcomed the Railway Budget saying that the Railway Minister, Mr Lalu Prasad, needs to be complimented for turning the country’s largest public sector undertaking with a past record of ...
RAILWAY BUDGET:
Boost to wagon industry, rail freight sector
Private container rail operators, logistics service providers and other industry bodies have reacted positively to the interim railway budget, especially its focus on infrastructure development and freight ...
AIRLINES:
Big potential seen for unmanned aerial vehicles
Bangalore, Feb. 13 UAVs, or unmanned aerial vehicles, seem to be the new products that manufacturers are increasingly pushing at this year’s Aero India show. At least half a dozen companies or organisations – Indian, public, ...
ALLIANCES & JOINT VENTURES:
Tata, Agusta sign MoU for copter venture
Tata Sons and European copter maker AgustaWestland, a Finmeccanica company, have announced signing an MoU to start a joint venture company for the final assembly line in India for ...
RAILWAY BUDGET:
Siema finds Rly Budget a mixed bag
Coimbatore, Feb. 13 The Southern India Engineering Manufacturers’ Association (SIEMA), while welcoming some of the provisions of the Railway Budget, has expressed disappointment that the long-pending requests of people of the region ...
AIRLINES:
Paramount Airways plans to add Mumbai to its network
Paramount Airways, the premium service all-business class airline, will be connecting Mumbai to its network by the end of this year, thus strengthening its western axis. The airways linked its services to Pune, Goa and Ahmedabad from Chennai ...
RAILWAY BUDGET:
Rly Budget: Investment plans will help wagon makers
The robust financials of the Indian Railways, despite the downward spiral in the overall economy, offers cheer for companies that offer products and services to the Railways at various ...
AIRLINES:
New integrated terminal at Srinagar
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