The Hindu Business Line : Wednesday, February 16, 2005

SriLankan cuts fares to woo Indian passengers
THE national airline of Sri Lanka, SriLankan has joined the growing list of international airlines wooing Indian travellers with never-before low air fares. Targeting high-earning young executives, SriLankan Airlines has announced a 50 per cent ... More

IA launches new one-year scheme
INDIAN Airlines (IA) has introduced a new scheme — Bumper super saver scheme - under which a passenger can take 16 domestic flights over a one-year period for Rs 65,000. In a statement the airline said that sales of this limited time ... More

INFRASTRUCTURE

GoM meet on modernising Delhi, Mumbai airports inconclusive
THE proposed modernisation of the two busiest airports in India - Delhi and Mumbai - could be delayed. The meeting of the e-Group of Ministers (e-GoM), which was held here on Tuesday to consider the request for proposals (RFP) for the ... More

SHIPPING

A BUSINESS LINE FEATURE ON FOUNDATION STONE LAYING CEREMONY FOR ICTT, VALLARPADAM, KOCHI

Gateway to development
The Vallarpadam ICTT could bring back much of the country's container traffic, which at present is being transhipped through Colombo and Singapore. This would go a long way in helping India retain its competitive edge in the international market. V. Sajeev Kumar takes a look. More

Making Kochi bigger on the maritime map
THE Kochi Port Chairman, Dr Jacob Thomas, has been playing a dynamic role in helping the International Container Transhipment Terminal project at Vallarpadam take off from the design boards. He is pivoting ... More

Full steam ahead
THE Cochin Steamer Agents Association, affiliated to the Federation of Ship Agents Association of India (FEDSAI), has expressed hope that it would be smooth sailing for Dubai Ports International (DPI) in container ... More

Hub-port of call
Experts foresee eight mega-consortiums dominating the global trunk route, carrying 70 per cent of the world's container traffic. In such a scenario, Kochi holds promise to qualify as a hub-port in the Indian Ocean region. V. Sajeev Kumar surveys the scene. More

ALLIANCES & JOINT VENTURES

Vectra Group ties up with Abu Dhabi co
THE Abu Dhabi-based Bin Jabr Group (BJ Group) and India's Vectra Group will set up a joint venture to produce NIMR type of vehicles in India for the domestic market. The Chairman of the BJ Group, Mr Saeed Al Suwaidi, and the Chairman of ... More

RAILWAYS

Rlys tops revenue target for Apr-Jan at Rs 37,827 cr
WITH the Budget round the corner, the Indian Railways is right on track this year in terms of meeting its revenue target, having recorded a total revenue of Rs 37,826.62 crore for the period April '04-January '05. This is Rs 1,179.4 crore more ... More

Railways' freight traffic up at 492 mt
THE Indian Railways loaded a record 491.81 million tonnes (mt) of revenue-earning freight during the 10 months ended January 2005 against the target of 479.38 mt. It also registered an incremental loading of 35.79 mt over the corresponding ... More

`Railways not in debt trap'
WITH hardly a fortnight to go for the Railway Budget, Railway Ministry officials say there is no basis to believe that the Railways is caught in a `debt trap' on account of borrowings contracted through the Indian Railway Financing Corporation ... More

ROADWAYS

`Motor insurance detariffing unlikely soon'
THE Insurance Regulatory and Development Authority Chairman, Mr C.S. Rao, today said that there might be a delay in detariffing the motor insurance business. The IRDA had earlier set a deadline of April 2005 to dismantle the tariff regime for ... More

Iveco, Hindujas in pact to enlarge co-operation
IVECO, the commercial vehicle company of Fiat of Italy, and the Hinduja group have concluded a new agreement which speaks of "significantly enlarging the cooperation" between the two entities. The twosome together hold majority stakes of 51 ... More

OUTLOOK

Concor likely to handle 1.75 m TEUs this fiscal
CONTAINER Corporation of India (Concor) is likely to end this fiscal with an estimated traffic throughput of 1.75/1.8 million TEUs against a little less than 1.6 million TEUs in 2003-04. More than 70 per cent of the incremental traffic will be ... More

Ships in Ports

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