Financial Daily
from THE HINDU group of publications

Monday, November 13, 2000





Financial Performance
NOL profit jumps
NEPTUNE Orient Lines Ltd (NOL) recorded overall profit of $49 million for the six months ending June 30, 2000. This compares with the $8 million profit recorded for the first half of 1999.

`We are in India on full steam' -- Mr Ian Claxton, Managing Director, APL India
APL, THE container and logistics arm of the $2.19 billion Singapore-based Neptune Orient Lines Ltd (NOL), has announced the creation of a business unit in India as part of its strategy to extend its liner presence in key markets.

Coastal Karnataka -- Will prosperity come in a box?
Neither nine years of liberalisation-privatisation nor the new millennium has brought much to make real Coastal Karnataka's dream of global interconnectedness.

Fuel cess share for States -- Plan roads, seek funds
THE SMALLER states will gain by Centre's decision to link the allocation of fuel cess to specific schemes, submitted by each. There will be no pro-rata allocation of funds.

The first stack
The Cossipore Inland Container Depot, near Calcutta, began handling import and export containers on Sunday.

Bifurcation of Surface Transport Ministry -- For better or worse?
THE recent Cabinet reshuffle indicates a possible bifurcation of the Surface Transport Ministry into the Ministries of Shipping and Roads and Highways. After being elevated to Cabinet rank, Minister for Law and Justice, Mr Arun Jaitley, was given the additional charge of Shipping. Mr B. C. Khanduri, an aspirant to the chief ministership of Uttaranchal, was appointed Minister for Road Transport and Highways with independent charge. Mr Jaitley will be assisted by Mr Hukum Deo Nara nyan Yadav, who was Minister of State for Surface Transport.

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