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GENERAL INSURANCE: Pvt insurers for alternative to motor pool arrangement
Escrow account to settle claims, defray losses suggested. Chennai, Aug. 28 The year-old ‘motor pool’ arrangement, which was brought in to spread the burden of losses relating to third-party commercial vehicles insurance across all ...

EVENTS: ‘Logistics industry key to growth of economy’
SEZs offer good scope for small, medium units. Chennai, Aug. 28 Development of a robust and responsive logistics industry is the key to the projected growth of the economy. The recent trends in the country’s economic scenario augur well ...

EVENTS: Poor infrastructure hampers sector’s growth: Deloitte
‘Industry likely to grow at 16% till 2010’. Chennai, Aug. 28 The Indian logistics industry is expected to grow at 16 per cent up to 2010. India spends nearly 13 per cent of its GDP on logistics, creating an industry size of around ...

AIRLINES: Landing system at Kolkata airport secondary runway
Kolkata, Aug. 23 The installation of the Instrument Landing System (ILS) at the secondary runway of Kolkata airport is expected to gather momentum with the Airports Authority of India considering to put in place the system temporarily before ...

NEW PRODUCTS & SERVICES: Oriental, MyTVS launch roadside assistance scheme
Hyderabad, Aug. 28 Oriental Insurance Company Ltd will focus on providing value-added services to its customers and expand its emergency roadside assistance scheme across the country soon. ...

SHIPPING/PORTS: Greenpeace activists turn shareholders
Mumbai, Aug. 28 About 10 Greenpeace activists were at the annual general meeting to express their concerns as ...

AIRLINES: AI working on new booking system for passengers
New Delhi, Aug. 28 On the first anniversary of the merger of Air India and Indian, National Aviation Company of India Ltd (NACIL), the newly created entity, is focusing on increasing passenger comfort and on ways to cut costs so as to bring ...

ROADWAYS: Study to mull alternative highway for Sikkim
Gangtok, Aug. 28 Central officials and their colleagues from the State are slated to make a study of a potential alternative highway for the State through Bhutan this September. The State is now wholly dependent on the NH 31A as its lifeline ...

INSIGHT: Rescuing the airline industry — What’s the government’s role?
The Indian airline industry is projected to lose $2 billion this fiscal. The airlines have been quick to blame spiralling fuel costs and have, with the support of the Civil Aviation Minister, Mr Praful Patel, sought relief from the government to ...






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Markets (Aug 28)
Nifty (at close)4214.00(-78.10)
US Dollar (Buy/Sell)43.71/72
Brent crude (a bbl) Rs4,986
Gold (a gram) Rs1,110
Silver (a kg) Rs20,695

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