The Hindu Business Line : Friday, July 29, 2005

A-I eyes 30 pc share of traffic, plans more destinations in US
AIR-INDIA, awaiting fleet acquisition plan approval from the Government, is chalking out an expansion plan to increase its market share to a third of the total inbound and outbound traffic from the country. The national carrier currently has a ... More

Airlines asked to operate more flights to Mumbai
THE Ministry of Civil Aviation said today that domestic airlines flying to Mumbai could operate more special flights to clear the backlog of passengers wanting to travel to and from the city. The Secretary of Civil Aviation, Mr Ajay Prasad, ... More

MRO services, wholesale trading — Lufthansa seeks FIPB nod to set up 100% arm
ENCOURAGED by the spectacular growth in the Indian aviation sector, the German airline Lufthansa has finalised plans to set up a wholly owned subsidiary in India offering wholesale trading in aircraft components and maintenance, repair and ... More

Northwest Airlines: Clarification

INFRASTRUCTURE

Hyderabad Airport financial closure shortly, says CM
THE State Government expects to conclude the financial closure for the prestigious Hyderabad International Airport in a day or two, the Chief Minister, Dr Y.S. Rajasekhara Reddy, said. The Rs 1,400-crore Greenfield Airport project at Shamshabad ... More

SHIPPING

Kochi port cargo traffic down in Q1
THE overall cargo traffic handled through Kochi port has declined by close to one million tonnes in the first quarter of the current fiscal compared to the corresponding period in the last fiscal. As per the figures made available with the ... More

CPT plans fish-landing centre
KOCHI: The Cochin Port Trust is to prepare a project report for development of a model fish-landing centre for traditional fishermen at the Vallarpadam shoreline or at another suitable location within three months. With the ... More

New Vizag berth to be inaugurated today
MR T.R Baalu, Union Minister of Shipping and Road Transport, is scheduled to inaugurate the West Quay (VII) berth on Friday, according to a press release issued by the Visakhapatnam Port Trust. The Andhra Chief Minister, Dr Y.S Rajasekhara ... More

TAXATION

Service tax abatement on GTA services clarified
The benefit of abatement would be available only if Cenvat credit has not been availed of by the GTA on inputs for providing such services. More

FINANCIAL PERFORMANCE

Concor posts Rs 107.5-cr net in Q1
THE Container Corporation of India Ltd (Concor) has posted a net profit of Rs 107.47 crore for the quarter ended June 30 as compared to Rs 97.33 crore for the same quarter last year. Total income has increased from Rs 464.23 crore in Q1-05 to ... More

SUPPLY CHAIN MANAGEMENT

Concor mulls using barges to transport boxes to Bangladesh
CONTAINER transportation between India and Bangladesh could become cheaper by 50 per cent with Container Corporation of India Ltd (Concor) testing the waters (literally) for transporting containers using barges between the two countries. It ... More

RAILWAYS

Railways plans more joint ventures for commercial plantation
THE Railways plans to intensify its efforts to encourage private participation in commercial plantations on its vacant land. It proposes to enter into joint ventures with private parties to promote plantation of various commercial trees in ... More

South East Central Rly freight traffic up 11.56%
IN the first quarter of the current fiscal (April-June 2005-06), South East Central Railway (SECR), the largest originating freight loading zone of the Indian Railways, handled a total of 24.23 million tonnes (mt) of originating freight traffic ... More

Ships in Ports

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