The Hindu Business Line : Thursday, June 20, 2002

Cut in European fares — BA move unlikely to affect Indian travellers
INDIAN passengers flying on British Airways to destinations in Europe will not be affected by the latest decision of the airline to cut its European airfares by up to 80 per cent. "The latest announcement of the airline is unlikely to help the ... More

FIPB spikes Qatar Gen copter venture proposal
THE Foreign Investment Promotion Board has rejected the proposal of Qatar General Petroleum Corporation's (QGPC) to set up a joint venture helicopter service company in India in partnership with domestic shipping major Great Eastern Shipping ... More

Silk Air plans thrice-a-week services to Hyderabad
SILK Air, a subsidiary of Singapore Airlines (SIA) plans to operate a thrice-a-week service linking Singapore and Hyderabad in October this year. "Silk Air is planning to use an Airbus A-319-100 aircraft," an airlines spokesperson told ... More

INFRASTRUCTURE

World Bank assistance for Mumbai transport project
THE World Bank has approved a loan of $542 million for the Mumbai Urban Transport Project (MUTP), aimed at easing congestion in the city which has an estimated 14 million people, projected to grow to 22 million over the next decade. To cope ... More

SHIPPING

SCI net dips 82 pc in 4th quarter
LOWER freight earnings, coupled with `adjustments made to clean up the balance sheet' ahead of privatisation, pushed down the bottomline of Shipping Corporation of India (SCI) in the fourth quarter ended March 31, 2002. The company, the largest ... More

Meet to review Vizag, Paradip ports' working
THE Union Shipping Minister, Mr Vedprakash P Goyal, has convened a meeting at Paradip on June 28 to review the performance of two ports, namely Visakhapatnam and Paradip. The Minister will meet the cross-section of users of both the ports and ... More

SCI to retain ties with Greenfield
The SCI board has been guided by the Government's fiat that the company's balance sheet should leave no scope for any doubt when the shortlisted bidders undertook a second round of due diligence involving the financials of SCI from June 24. More

Home-made boats
Residents of Alappuzha have to make do with home-made floats to navigate the backwaters that criss-cross the area. When proper boats are not available, a few plastic cans and planks tied together serve the purpose. ... More

ROADWAYS

KSRTC plans ring-road bus services

Ships in Ports

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Looking back
Jun. 9-Jun. 15
Air Lanka to start direct flight to Bangalore