Financial Daily from THE HINDU group of publications
Thursday, April 18, 2002
Markets (April 17)
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IA asks other States to follow AP example on ATF sales tax
"The airline expects to save Rs 9.5 crore annually due to the lowering of the sales tax on ATF in Andhra Pradesh. Since the State Government has taken the decision at the beginning of the financial year, there will surely be a positive impact on the bottomline of the company,'' highly placed IA sources told Business Line. More

London-Mumbai AI flight via Delhi from May
AIR India is scheduled to introduce a weekly service to London from Mumbai via Delhi from May 3, the Minister for Civil Aviation, Mr Syed Shahnawaz Hussain, has said. In a written reply to a question raised in the Lok Sabha, the Minister added ... More

Japan Airlines mulling third flight to India
JAPAN Airlines (JAL) is studying the market to decide on whether to launch a third weekly flight on the India-Japan sector. "We are studying about a third weekly flight. The passenger loads on the existing twice-a-week flights is not very high ... More

SHIPPING


Marginal rise in major ports' handling, but short of target
The tentative figures compiled by the Indian Ports Association (IPA) on the traffic handled by the major ports in the country reveal a growth of 2.35 per cent over last year when the total traffic handled was 281.105 million tonnes. "The cargo handle d by the 13 major ports in the country reflects the over-all slump in the market,'' Government sources said. More

Seamens' union to move SC against ruling on DG order
THE Forward Seamens' Union of India (FSUI), the CITU-affiliated union for seafarers, is to appeal to the Supreme Court against the Calcutta High Court order upholding the notification issued by the Director General of Shipping on March 27, 2001, ... More

RAILWAYS


`Celebration on wheels'
AS part of the 150th year of Indian Railways celebrations, South Central Railway (SCR) on Wednesday ran a Heritage steam train with five coaches from Bolaram to Medchal to commemorate the first train run in the country from Boribundar to Thane on ... More

ROADWAYS


Jt venture project to construct Nellore bypass
NAVAYUGA Engineering Company (NEC) and Soma Enterprise Ltd have jointly bagged a Rs 157-crore order to execute an infrastructure project in Nellore. The project involves construction of a 6-lane by-pass for Nellore town. The existing NH-5 ... More
Ships in Ports
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Marginal rise in major ports' handling, but short of target

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Apr. 7-Apr. 13
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