The Hindu Business Line : Wednesday, November 21, 2007

AIRLINES
Decision on pruning, consolidating Air India flights on Nov 23
A decision on Air India pruning and consolidating its services so that passengers are not harassed would be taken on November 23 at a meeting between the Chairman and Managing Director, Mr V. Thulasidas, and the Joint Secretary in the Ministry ... More

Raytheon, L&T tie up for combat aircraft programme
Mumbai, Nov. 20 The US-based Raytheon Company has signed a memorandum of understanding with L&T for the MMRCA (medium multi role combat aircraft) programme. It represents a step towards establishing a strong working relationship, ... More

Confident Group to launch chartered airlines biz soon
Confident Group, a Bangalore-based real estate and hospitality company, has ordered five aircraft and a helicopter to launch its chartered airlines business soon. The company selected its fleet of jets and helicopter at the recently ... More

Air India to focus more on domestic sector
Air India is to give more thrust to the domestic sector services according to a draft review currently under way to study the future requirements of the national carrier beyond 2011. Addressing mediapersons, the Air India Chairman and ... More

Ministry urged to ‘sympathetically consider’ tax sops on aviation fuel
New Delhi, Nov 20 The Parliamentary Standing Committee on Transport, Tourism and Culture, has recommended to the Ministry of Finance that it should “sympathetically consider” and give “approval” to the proposal of the ... More

SHIPPING
Haldia berths reservation: SAIL, Tata Steel respond positively
Steel Authority of India Ltd (SAIL) and Tata Steel have responded positively to the Kolkata Port Trust’s plan to reserve two berths (No. 2 and 8) at Haldia dock for handling coking coal, coke and limestone and extend certain concessions ... More

Kerala Govt will give priority to waterway schemes: CM
Kollam-Kottapuram route inaugurated More

MERGERS & ACQUISITIONS
Talk of reverse merger lifts Deccan Aviation
The Deccan Aviation stock rose over 23.23 per cent on Tuesday to Rs 191.5 on rumours that the company might go for a reverse merger with UB Group’s Kingfisher Airlines after delisting itself from the stock exchange. In its place, Kingfisher ... More

RAILWAYS
Rlys earnings up 12% in Apr-Oct
New Delhi, Nov 20 Indian Railways recorded almost 12 per cent growth in total revenues registering Rs 38,454.71 crore for the seven-month period (April-October). This was due to an over 11 per cent growth in freight earnings (which ... More

ETA to invest Rs 400 cr in rail container sector
More

South Eastern Rly carries 26 mt parcels in Apr-Oct
Between April and October this year, South Eastern Railway (SER) carried approximately 26 million tonnes (mt) of parcels as compared to 16 mt in the same period last year, thus registering 62.5 per cent growth. The earnings at about Rs ... More

ROADWAYS
Vehicle tracking system to be implemented from today
It will be installed in 100 express buses between Udupi, Mangalore More

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