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LOGISTICS
AIRLINES:
AI hopes to break even in next 6 months
Looks to generate additional Rs 1,800 cr; seek Rs 3,000 cr Govt loan. New Delhi, July 16 Air India, which has embarked on a cost-cutting exercise, expects to achieve break-even in its operations in the next six months. The airline is hoping to ...
AIRLINES:
Jet Konnect plans international flights
Jet Airways Konnect, the no-frill sub-brand of Jet Airways, is evaluating launching operations on some international routes, the airline’s Chief Commercial Officer, Mr Suddheer Raghavan, has said. “We are not averse to launching some ...
AWARDS & HONOURS:
Sterlite bags Tuticorin Port award
Sterlite Industries (I) Ltd (SIIL), Tuticorin, has won the award for Excellence in Traffic Performance from Tuticorin Port Trust for the fourth consecutive year.Ms P. Geetha Jeevan, Minister for Social Welfare, presented the certificate and ...
PEOPLE:
Jet Airways director resigns
Jet Airways informed the BSE on Thursday that Mr Charles A. Adams has resigned from the board of directors of the company with effect from July 7, due to unavoidable personal and family commitments. “His resignation was noted by the board ...
MERGERS & ACQUISITIONS:
Changi Airports picks up 26% stake in Aerotropolis project
Kolkata, July 16 The Changi Airports International (CAI) has picked up 26 per cent stake in Bengal Aerotropolis Projects Ltd (BAPL) for $20 million, according to its Chief Executive Officer, Mr Wong ...
RAILWAYS:
Railways no more gravy train for film-makers
TRACKING SHOT. New Delhi, July 16 Producers of Slumdog Millionaire, Jab We Met, Kaminey and A Wednesday were lucky, as they would have had to shell out much more if they were to ...
SHIPPING/PORTS:
Cochin Shipyard pact with SCI for building 2 platform vessels
Kochi, July 16 Cochin Shipyard has signed a contract with Shipping Corporation of India for construction of two platform supply vessels ...
RAILWAYS:
Heavy rains hit movement of rakes in AP, Orissa
The incessant rains for the past one week in most of Orissa and in several parts of Andhra Pradesh have badly hit the loading and unloading of railway rakes at several east coast ports as well as other points, all served by the East Coast ...
COURTS/LEGAL ISSUES:
Jet, Sahara say no to out-of-court settlement
Mumbai, July 16 Jet Airways and Sahara India Commercial Corporation (SICCL) told the Bombay High Court on Wednesday there was no possibility of the companies reaching an out-of-court settlement on the tax ...
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