The Hindu Business Line : Thursday, May 16, 2002

Qatar Petro seeks nod for airline jt venture with Gesco, UB Air
QATAR General Petroleum Corporation has sought permission from the Foreign Investment Promotion Board (FIPB) for purchasing and subscribing up to 40 per cent stake in a non-scheduled airline company as a joint venture with two Indian partners, ... More

`AAI likely to post Rs 245 crore net profit for 2001-02'
THE Airports Authority of India (AAI) is expected to make a profit-after-tax of Rs 245 crore during 2001-02, up from Rs 214.08 crore recorded during the previous year. This was stated by the Minister for Civil Aviation, Mr Syed Shahnawaz ... More

Security clearance to Jet raised again
THE controversy surrounding Jet Airways refuses to die down. Today, the issue of security clearance for the private sector airlines, which is under review, came up for discussion at the Parliamentary Consultative Committee meeting. Sources told ... More

AI posts Rs 4.71-cr net in 10 months
AIR India, which has been incurring losses since 1995-96, has earned a net profit of Rs 4.71 crore for the period April 2001- January 2002, the Minister for Civil Aviation, Mr Syed Shahnawaz Hussain, told the Rajya Sabha. Replying to a ... More

India, US to increase ties in civil aviation
INDIA and the US are making efforts to increase co-operation in the civil aviation sector including looking at ways to further beef up security in the aircraft and on the ground. This emerged at a meeting the Union Civil Aviation Minister, Mr ... More

SHIPPING

Curb on thermal coal arrivals at Paradip
Coal of irregular sizes supplied by Mahanadi Coalfields Ltd had caused frequent disruptions in the coal handling plant at Paradip. More

Ministry rejects Cochin steamer agents' plea
THE Shipping Ministry has rejected the representation of the Cochin Steamer Agents Association for a berth on the re-constituted Board of Trustees of the Cochin Port Trust, saying that it would not be possible to give a place to all as the seats ... More

RAILWAYS

Will it be curtains for Bangalore rail project?: Cabinet note includes `shelve' option
AS the Bangalore ELRTS (elevated light rail transit system) project continues to be a non-starter even after seven years, the State-owned Bangalore Mass Rapid Transit Ltd (BMRTL) has urged the Government to take a definite stand, even if means ... More

ROADWAYS

Road improvement projects: TNRDC to finalise bids in 6-8 months
TAMIL Nadu Road Development Co Ltd (TNRDC) has begun the process of pre-qualifying contractors for road improvement projects it is taking up on stretches of two national highways. The request for qualification documents will be available for ... More

Volvo bus unit eyes bigger market share
VOLVO Bus Division begun its operations on the Pune-Mumbai expressway from today. The company intends to ply its buses in the other districts of the State such as Kolhapur, Goa, Nasik, Aurangabad and Nagpur. Talking to presspersons, Mr Akash ... More

Ships in Ports

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Qatar Petro seeks nod for airline jt venture with Gesco, UB Air

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