The Hindu Business Line : Wednesday, April 22, 2009

LOGISTICS

HUMAN RESOURCES: 20 Kingfisher pilots quit
Salary cuts, worsening service conditions cited as reasons. Mumbai, April 21 Twenty pilots from Kingfisher Airlines have put in their papers and 16 more are likely to quit in the next few months. The pilots were unhappy with the deteriorating ...

NEW BUSINESS: Air Works gets Kingfisher contract
Bangalore, April 21 The country’s first privately-owned aircraft MRO (maintenance, repair and overhaul) company, Air Works, expects to service at least 28 airplanes during the first year of ...

SUPPLY CHAIN MANAGEMENT: TKM opens office in Shanghai to handle freight forwarding
Revenue in 2008-09 may touch Rs 125 cr. Kolkata, April 21 TKM, the wholly-owned subsidiary of TM International Logistics, the joint venture between Tata Steel and Germany’s Martrade, has opened an office in Shanghai to undertake freight ...

AIRLINES: SpiceJet announces special return fares
Mumbai, April 21 SpiceJet announced special return fares on Tuesday. Travellers booking return trip on the Delhi-based low-cost carrier can save Rs 500 per person, according to a statement. The offer will be available on spicejet.com. ...

AIRLINES: Global Vectra to invest $130 m in next two years
Bangalore, April 21 Global Vectra Helicopters, part of the $800-million Vectra Group, plans to invest $130 million during the next two years to increase its fleet strength as well as consolidate ...

AIRLINES: JetLite offers new return fares
JetLite, the wholly owned all-economy subsidiary of Jet Airways, has introduced new return fares on 24 domestic sectors starting from Rs 4,170, effective April 22, said ...

SHIPPING/PORTS: Biggest marine container vessel
M V Karuthal, a multi-purpose marine container vessel, said to be the biggest ever built by private sector in Kerala, will be launched on April 24. The vessel had been built by Century Shipyard Pvt Ltd here, for Trans Asian Shipping ...

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Markets (April 21)

Nifty (at close)	3365.30(-11.80)
US Dollar (Buy/Sell)	50.57/58
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Gold (a gram) Rs	1,348
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