Financial Daily from THE HINDU group of publications
Thursday, June 12, 2003
Markets (June 11)
BL 2501191.02 (+6.38)
BSE Sensex3314.60 (+25.05)
S&P CNX Nifty1044.10 (+6.30)
Dollar (Buy/Sell)46.66/46.79
Gold Std (10 gm)5490 (-90)

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AIRLINES


Star Alliance to source more IT services from India
STAR Alliance, the 16 airline global alliance, is keen on sourcing more IT services from India. The Alliance's Chief Information Officer and Vice-President (Information and Project Management), Mr Michael Stagl, told Business Line that ... More

IA to consolidate position in UAE sector
From 20 flights a week a little over three years ago, IA now operates 43 flights a week on the UAE-India sector, with 16 flights being operated out of Dubai. Thiruvananthapuram and Jaipur were two new destinations added during the period. More

SHIPPING


Four companies shortlisted for SCI stake
THE Disinvestment Ministry has pre-qualified four bidders including Essar group, Sterlite and Videocon for acquiring a controlling stake of 51 per cent in Shipping Corporation of India (SCI). All the four bids, including one from a foreign ... More

MoU signed for SBM at Kochi port
THE setting up of the proposed single buoy mooring (SBM) facility by Kochi Refineries Ltd to handle crude oil within Kochi port waters would soon become a reality following the signing of an MoU between the Refneries and the Port here on ... More

Chennai port drops move to levy cess to fund VRS
THE Chennai Port Trust has dropped a plan to levy a cess on every tonne of cargo handled at the port to part-fund the Voluntary Retirement Scheme (VRS) following objections raised by the Union Shipping Ministry. The Port Trust will now pay an ... More

Chinese co keen on service to Tuticorin
CHINA Shipping Container Lines, currently operating services between Nhava Sheva International Container Terminal (Jawaharlal Nehru Port) and Hong Kong, has shown interest in extending the service to Tuticorin Port. "Once the plan takes off and ... More

CSL to build tugs for Jeddah port
COCHIN Shipyard Ltd (CSL) has signed a contract with A A Turki Corporation of Saudi Arabia for the construction of nine tugs for the port of Jeddah, Saudi Arabia. CSL had won the contract against stiff international competition from the yards ... More

Incentive sought for Vizag port staff
THE Visakhapatnam port staff, numbering around 7,000, should be given an incentive of Rs 1,000 each for their efforts in making the port the number one in the country for the third consecutive year, Mr Ch. Umamaheswara Rao and Mr T. China Appa ... More

TRADE & LABOUR UNIONS


Concern over Kochi port trailer strike
THE trade and industry here has expressed concern over the ongoing strike by workers of container trailers in the Kochi port and urged the authorities to settle the issue without any delay. Mr N.R. Pai, President of the Cochin Chamber of ... More

SUPPLY CHAIN MANAGEMENT


Restriction on routing through ICDs — Coimbatore shippers in a fix
THE latest amended customs notification, which has restricted routing of specified shipments from exporters availing themselves of export incentive schemes through inland container depots (ICDs), has triggered panic and confusion among scores of ... More

RAILWAYS


Rlys to adopt SPV route for terminal in Delhi
The new Rs 1,000-crore terminal, which would cater to all east-bound trains, would help decongest the New Delhi railway station. The terminal would be modelled on the lines of the Vashi terminal at Navi Mumbai that has been executed by the Konkan Rai l Corporation. More

MoU with Defence soon for rail mishap relief operations
THE Ministry of Railways is in the process of signing a MoU with the Defence Ministry for enlisting the latter's help in terms of deployment of men and machinery, including helicopters, for logistic support during post-accident relief operations, ... More


Ships in Ports
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