The Hindu Business Line : Saturday, February 19, 2005

Jet Air IPO subscribed 4.25 times on first day
THE Jet Airways IPO was subscribed 4.25 times on the first day of the offer, according to figures given on the NSE Web site. According to the site at 7:50 pm, a total of 7.32 crore bids were received on the first day. FIIs accounted for 69.93 ... More

SpiceJet to lease 2 more Boeings — IL&FS picks up stake in owner Royal Airways
LOW-COST airline SpiceJet has decided to take two more Boeings on lease, while IL&FS has picked up a small stake in Royal Airways, which owns the airline. Three FIIs, Citigroup, Goldman Sachs and ABN Amro, have also doubled their stake in Royal . More

Kingfisher Airlines to buy 3 Airbus aircraft
KINGFISHER Airlines on Friday announced that it has signed a contract to acquire three 144-seater Airbus A-319 aircraft. The aircraft will be based in Bangalore and deployed on feeder routes, helping the airline to meet the route disbursal ... More

Jet Airways gets nod to fly to US
JET Airways is set to become the first Indian private sector airline to operate between India and the US from this summer. The airline has been given official permission to operate a three-times-a-week service on the India-Brussels-New York ... More

Lufthansa keen to build on multi-hub strategy
GERMAN airliner Lufthansa is on an expansion drive in this region building on its multi-hub and partnership strategy and plans to launch operations in more India centres depending on the business potential. Addressing a press conference here on ... More

SHIPPING

Centre plans equity support for minor ports
THE Shipping Ministry has floated a proposal to formulate a Central scheme for extending equity assistance of up to 33.33 per cent subject to a maximum of Rs 100 crore for the development of minor ports that are owned and controlled by the State ... More

Unshredded metal scrap imports at Nagpur ICD too
UNSHREDDED metallic scrap could now be imported through Inland Container Depot (ICD) Nagpur, making this the 18th port eligible for such imports. The Government had last year revamped the import policy on metallic scrap and specified 15 ports ... More

SUPPLY CHAIN MANAGEMENT

Concor shelves cold chain plan
THE Container Corporation of India (Concor) has shelved its plan to launch "cold chain" in partnership with private firms, it is learnt. The experts are believed to have expressed themselves strongly against any such venture. The ultimate ... More

RAILWAYS

Correction

ROADWAYS

Anti-lock braking system may be mandatory for trucks
ANTI-LOCK braking systems (ABS) on trucks carrying hazardous goods could become mandatory next year, according to Mr Balraj Bhanot, Director, Automotive Research Association of India (ARAI), Pune. Mr Bhanot said while it was up to the ... More

Ships in Ports

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