No landing charges for small aircraft, copters
IN a move that is likely to give a boost to small aircraft and helicopter operations in the country and reduce domestic airfares, the Government has exempted helicopters and small aircraft seating up to 80 people from paying any landing ...
Will political parties benefit?
WILL the concessions for helicopters and aircraft up to 80 seaters announced by the Ministry of Civil Aviation on Thursday make it easier on the purse of political parties to hire such machines for the forthcoming general elections? The verdict ...
Kamath says demand for bank funds will rise
THE ICICI Bank Managing Director and Chief Executive Officer, Mr K.V.Kamath, expects the demand for bank funds to rise sharply in the medium term. The deployment of the Rs 3,500-crore that his bank is planning to raise from the public is, ...
DoT bid to prevent sell-off in Telecom Consultants
IN a move to stall the disinvestment of Telecom Consultants India Ltd. (TCIL), the Department of Telecommunications (DoT) has asked the Ministry of External Affairs (MEA) to intimate the strategic importance of the company and business obtained ...
IFCI staff prefer IDBI to PNB
FOR some it may appear to be fight for a hopeless cause, but IFCI employees are making a last-ditch effort to halt the institution's proposed merger with Punjab National Bank (PNB). Pressure is being mounted on the Government by the Officers' ...
Wockhardt prescribes 1:2 bonus, higher dividend
WITH a net profit growth of 300 per cent in the fourth quarter alone, Wockhardt Ltd on Thursday said that calendar year 2003 ended with a 36-per cent growth in net profit at Rs 143 crore. Having missed the Rs 1,000-crore mark, the company ended ...
Corporates go slow on ECB plans Ratings upgrade on cards; domestic tap also attractive
CORPORATES have put on hold their plans to raise foreign currency funds through the external commercial borrowings (ECB) route. The Ministry of Finance last month had raised the ECB ceilings to $500 million (around Rs 2,261 crore) from $50 ...
Low output buzz props up sugar
SUDDENLY, sugar seems to be back in flavour. In the last 15 days alone, prices have surged by Rs 100-120 per quintal. Siel Ltd's `Mawana' and DCM's `Daurala' sugar are both quoting today at Rs 1,400 per quintal, compared to Rs 1,280-1,300 a ...
And now `grey' revolution, says Jaitley
THE country is poised for a grey revolution with the construction sector entering a boom phase to meet the demand for new highways, ports and real estate, according to the Union Commerce and Industry Minister, Mr Arun Jaitley. "This grey ...
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