LOGISTICS
AIRLINES
Govt mulls 49 pc FDI cap in Delhi, Mumbai airports
THE Government is considering a proposal to cap at 49 per cent the foreign direct investment (FDI) limit in the ongoing process for modernisation and restructuring of the Delhi and Mumbai airports. Official sources told Business Line ...
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`IA can save Rs 700 cr with Boeing aircraft'
INTENSIFYING its sales pitch, the US aircraft manufacturing major, Boeing Commercial Airplanes, has again reiterated that Indian Airlines choosing its aircraft would lead to a saving of Rs 700 crore compared with prices offered by its ...
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`No going back on airports revamp'
THERE will be no going back on either the modernisation of the Mumbai and Delhi airports or the fleet acquisition plans of Air-India (A-I) and Indian Airlines (IA), according to the Union Minister of Civil Aviation, Mr Praful Patel. Addressing ...
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INFRASTRUCTURE
Valecha Engg bags Rs 90-cr NHAI order
VALECHA Engineering Ltd, which is engaged in construction of high-end infrastructure and engineering projects, has bagged a major Rs 90-crore contract as part of the Golden Quadrilateral project from the National Highway Authority of India ...
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SHIPPING
Minister asks CCTL to reinstate suspended workers
THE Minister for Shipping, Road Transport and Highways, Mr T.R. Baalu, on Tuesday asked the management of Chennai Container Terminal Ltd to take back the four workers suspended by it and thus pave the way for normal operations to resume at the ...
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Centre keen on speeding up Sethusamudram project
THE Union Minister for Shipping, Road Transport and Highways, Mr T.R. Baalu, is prepared to look at different methods of financing the Sethusamudram project so that funds constraint does not stand in the way of the project being executed. He is ...
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`Policy framework must to deal with CCTL-like situation'
WITH the concession and license agreement remaining silent on the Government's role in case of strike at private terminals at major ports, the Shipping Ministry now feels that a policy framework was necessary to ameliorate the hardships faced by ...
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Shasun to stick to urgent export orders due to port strike
SHASUN Chemicals & Drugs has been restricted to meeting just urgent orders on account of the ongoing workers strike at Chennai Container Terminal in the Chennai port. The Rs 277-crore Shasun brings its export products (bulk drugs) from its ...
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Resolve strike immediately, appeals CII
THE Confederation of Indian Industry (Southern region) has asked Chennai Container Terminal Ltd (CCTL) to resolve the strike at the terminal immediately. It has also urged that the congestion surcharge of $ 50 a box, proposed to be levied by ...
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Full steam ahead
Kochi Port has recorded an all-time high annual traffic of 135.72 lakh tonnes in 2003-04, a 4.2 per cent increase from the previous year's 130.24 lakh tonnes. This is despite a marked fall in the handling of fertliser raw materials, cement and ...
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RAILWAYS
Konkan Rly moves to meet challenges during monsoon
KONKAN Railway has taken elaborate measures to water down disruption of traffic during the monsoon in the Konkan region, when railway traffic is usually affected due to landslides and heavy downpours. Konkan Railway, which has spent Rs 60 crore ...
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ROADWAYS
Road Safety Authority to be set up soon: Antony
THE Chief Minister, Mr A. K. Antony, has said that a Road Safety Authority would be set up in the State soon. The Chief Minister said this while formally handing over the road accident management system software envisaged as part of the World ...
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