Financial Daily from THE HINDU group of publications
Wednesday, August 24, 2005
Markets (August 23)
BL 2502340.34 (-45.98)
BSE Sensex7615.99(-134.61)
S&P CNX Nifty2326.10 (-41.75)
US Dollar (Buy/Sell)43.62/43.75
Gold Std (10 gm)6285 (+35)

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House panel for greenfield airports in Mumbai, Delhi
IN a move that could affect the on going modernisation and restructuring of Mumbai and Delhi airports, a Parliamentary Committee today expressed the view that investing "huge money" for modernisation of Mumbai airport would be a waste and ... More

Airbus acquisition to be discussed tomorrow
IN a move that could speed up the Rs 10,000-crore Airbus aircraft acquisition plan of Indian Airlines, the Cabinet Committee on Economic Affairs (CCEA), at its meeting on Thursday, is scheduled to take up the issue of whether the project should ... More

IA offers discounted fares on Chennai, Hyderabad ex-UAE
INDIAN Airlines is putting on sale some of the extra capacity being generated on Hyderabad and Chennai routes because of the additional flights it is operating to cater to the incoming seasonal rush. IA is operating over 35 additional flights ... More

AI to revamp brand image
AIR India is undergoing an image makeover. But, the Maharaja, one of the oldest brand images of Indian corporate, will escape the sweeping changes that the airline would be undergoing as part of its rejuvenation. The subtle change that set the ... More


Hyderabad International Airport achieves financial closure
THE Hyderabad International Airport Ltd (HIAL), promoted by the GMR group, has attained financial closure, with a lenders' consortium led by IDFC committing Rs 960 crore for the Rs 1,760-crore project. This marks the completion of all major ... More

PM's panel gives in-principle nod for modernising Chennai, Kolkata airports
THE Prime Minister's Infrastructure Committee at its meeting here on Monday gave its in-principle approval for the modernisation of Chennai and Kolkata airports. Official sources told Business Line that the decision of the committee is ... More


Payments to pensioners hit CDLB finances
THE Calcutta Dock Labour Board (CDLB) is facing a financial crunch because of the disbursement of payments to 7,000 pensioners. This is despite an increase in the operating income of the Board. In 2004-05, this income was Rs 27.86 crore.. ... More


Mumbai motor claims now hit spares hurdle
THE repair of cars damaged in the floods has been further delayed by the lack of spare parts. While insurance companies have arrived at settlements with car dealers and surveyors with respect to labour charges, the lack of spare parts could cause ... More


IISCO plans upgrade of transport facilities at Burnpur plant
IISCO, now under Steel Authority of India Ltd (SAIL), has before it for consideration a plan for creation of new and upgradation of existing facilities for transportation and logistics in view of the proposed modernisation and capacity expansion ... More


NHAI plans Rs 1,260-cr four-laning of TN highway
THE National Highways Authority of India (NHAI) plans to four-lane the Tindivanam-Tiruchi section on NH 45 in Tamil Nadu on a BOT basis at a cost of around Rs 1,260 crore. It has invited applications from companies for pre-qualification under ... More
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Hyderabad International Airport achieves financial closure

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