LOGISTICS
AIRLINES
AI's budget airline fares to be 25% lower than market rates
AIR India is likely to stick with its decision to charge fares that are 25 per cent lower than market prices for the planned budget airline to be launched in April 2005.Indian expatriates in the Gulf have demanded that the fares should be much ...
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IA fleet acquisition programme — `Broad agreement' on sovereign guarantee
THERE is a "broad agreement" in the top echelons of the Government on providing sovereign guarantee for the Rs 10,000-crore fleet acquisition plan of Indian Airlines. Official sources here indicated that the Prime Minister, Dr Manmohan Singh, ...
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Emirates biz class offer
SHIPPING
Kochi steamer agents halt decision on `port congestion surcharge'
THE Steamer Agents Association in Kochi has once again suspended temporarily its decision to impose a `port congestion surcharge' on the trade, following slight improvement in the container terminal operations. Sources in the association said ...
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Company being formed for Vizhinjam port
THE Kerala Government is learnt to have finalised the formation of a company to take up the implementation of the proposed international container trans-shipment hub at Vizhinjam, near here. According to officials of the Ports Department, the ...
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NMPT vigilance awareness week
SUPPLY CHAIN MANAGEMENT
DHL to pick up 68% stake in Blue Dart for Rs 566.5 cr
DHL has announced an investment of Rs 730 crore for the acquisition of a majority stake in Blue Dart Express Ltd, the largest domestic express player. This includes an acquisition of 161.8 crore shares aggregating 68 per cent equity in Blue Dart ...
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RAILWAYS
Direct railway movement of bilateral traffic to Nepal soon
It was felt that such movement could take place as soon as the Customs procedures in both the countries were in place.
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