The Hindu Business Line : Wednesday, February 13, 2002

IA hikes fares on most sectors
IN an effort to curtail mounting losses, Indian Airlines has announced a marginal increase in air fares ranging from Rs 115 to Rs120 on most sectors from February 15. However, for air fares in the north-eastern region and a few other sectors, ... More

Emirates spreads wings in South
EMIRATES, the Dubai-based airline, plans to start operating a fifth weekly service on the Dubai-Chennai-Dubai sector from September this year. Speaking to newspersons on Tuesday, Mr Nabil Sultan, General Manager (India and Nepal), said that ... More

Air India draws up plans to utilise HCI proceeds
AIR India, which hopes to record a profit of more than Rs 21 crore during 2001-02, proposes to utilise the funds from the disinvestment of Hotel Corporation of India (HCI) for product upgrade, information technology, repayment of working capital ... More

Emirates offers online visa facility
NEW DELHI: In an effort to facilitate Indian passengers travelling on Emirates to Dubai, the airline is offering the option of booking visas online. Mr Nabil Sultan said that the visa formalities can be completed by logging on to More

INFRASTRUCTURE

Gujarat Positra inks deal for water project
GUJARAT Positra Port Company Ltd (GPPCL), which is setting up the Rs 5,652-crore Special Economic Zone at Positra, has inked an agreement with Woest Alpine, Austria, for the execution of a Rs 700-crore water engineering and distribution project. ... More

SHIPPING

Haldia-Chittagong port box service launched
A NEW container shipping service has been launched between Haldia dock and Chittagong port in Bangladesh to facilitate trade between the two countries. H R C Shipping of Dhaka has already commenced the service, the first sailing from Haldia ... More

SEZ status sought to boost Vallarpadam box terminal
The crux of the proposal for SEZ, which has been cleared by the Board of Trustees of the port recently, is to turn Kochi into a free-port-cum-free-trade zone. The area's development would take a cue from the free trade zones in other parts of the wor ld. More

GENERAL INSURANCE

Motor risk premiums to go up from April
THE Tariff Advisory Committee (TAC) of the Insurance Regulatory and Development Authority (IRDA) has effected a hike in motor insurance premiums. The new premiums are expected to take effect from April 1. Consequent to the hike, insurance ... More

RAILWAYS

KRCL asked to issue deep discount bonds
THE Infrastructure Development Finance Corporation (IDFC), appointed by the Finance Ministry to work out a debt-recast plan for Konkan Railway Corporation Ltd (KRCL), has suggested issuance of deep discount bonds by the Corporation, according to ... More

Rites gets Mini Ratna status
RITES, a Government of India enterprise under the Ministry of Railways, has been granted the status of a Mini Ratna. With this, the Railway Board will have greater operational and financial autonomy to approve capital expenditure, form joint ... More

Ships in Ports

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