Financial Daily from THE HINDU group of publications
Friday, September 30, 2005
Markets (Sept 29)
BL 2502454.95 (+13.35)
BSE Sensex8650.17 (+44.14)
S&P CNX Nifty2611.20 (+13.15)
Gold Std (10 gm)6740 (+90)

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Payment norms for aircraft lease rentals relaxed
PRIVATE airlines can now remit up to $1 million per aircraft towards security deposit for payment of lease rentals for an aircraft or helicopter without a standby letter of credit or a guarantee. In the case of public sector airline companies the ... More

Indian Airlines gets Cabinet nod for Airbus acquisition
THE almost four-year-long wait of Indian Airlines to acquire 43 Airbus aircraft is finally coming to an end. The Cabinet Committee on Economic Affairs (CCEA) on Thursday cleared the airline's proposal to acquire the aircraft at an estimated price ... More


Govt okays SCI purchase of crude carriers for Rs 1,136 cr
THE Government today approved purchase of two very large crude carriers (VLCCs) at a total cost of Rs 1,136.08 crore, which would augment Shipping Corporation of India's (SCI) crude oil tanker tonnage and help meet the increased demand for crude ... More

Kochi port workers call off strike — Box movement affected
THE flash-strike called by Kochi Port workers on Wednesday afternoon was withdrawn on Thursday evening following tripartite talks between the port management, workers and the container terminal operator India Gateway Terminal Pvt Ltd ... More

Strike effect
A deserted view of the Kolkata Dock's Majherhat terminal of Container Corporation of India Ltd (Concor) during the `bandh' called by the trade unions in Kolkata on Thursday. According to Mr B.K. Joshi, Chief General Manager, Concor, normal work ... More

UAE's Hamriyah Zone to set up maritime city
Kochi is the first city in the world to be selected by the zone to ascertain investment opportunities. More


Scaled down operations at airports — Traffic near normal in most places; service to Kolkata hit
AIRPORTS across the country operated to a scaled down schedule on Thursday on account of the one-day strike called by the Airports Authority of India Joint Workers Forum to protest against the Government decision to privatise the Delhi and Mumbai ... More

Nine pvt airlines flights cancelled in Bangalore
PRIVATE airlines cancelled nine flights in Bangalore and clubbed three, most of them to Delhi, Mumbai and Kolkata. Jet Airways cancelled two flights to Kolkata and one to Chennai. Kingfisher Airlines had announced yesterday that it had cancelled ... More

Off the roads

A long wait
A stranded tourist waiting outside the Mumbai airport on Thursday as the airport employees went on a 12-hour strike to protest against the move to privatise Delhi and Mumbai ... More


DTDC plans to strengthen network in UK, US
DTDC, a Bangalore-based air express and cargo company, plans to strengthen its network in the UK and the US by adding six franchisee outlets to tap the growing demand for services from the NRIs and other customers. The company had recently ... More

Gati to invest Rs 50 cr to upgrade warehouses
GATI, a leading logistics solutions company, is planning to invest Rs 50 crore next year in building intelligent warehouses, while setting up an overseas subsidiary. The company posted a net profit of Rs 10.37 crore during 2004-05, showing a ... More


Railways asked to speed up work on Rajgoda-Haldia link
The Haldia dock authorities estimate that traffic throughput in the next five years will increase about 10 mt to touch about 46 mt. More
Ships in Ports

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Fortis hopes to partner Naresh Trehan in Medicity project

MSP for rabi crops hiked by Rs 10-15/quintal — Trade dubs it political move; Nafed nodal agency for procurement

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NTPC's hydro initiative gathers steam — Projects totalling 4,400 MW on the anvil

Essar among FDI proposals cleared

Direct overseas investments up

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In Depth

Gender Justice
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Looking back
Sep. 18-Sep. 24
`Our target is 20 pc annual growth for next three years' — Mr Rakesh Mehrotra, MD, Concor

Truck rentals move up 4-5 pc on trunk routes

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