The Hindu Business Line : Thursday, December 29, 2005

Cabinet unlikely to take up issue today — PIO investment in domestic aviation
PERSONS of Indian Origin (PIO) wanting to invest in the domestic airline sector may have to wait a bit longer. The Union Cabinet, which was earlier expected to consider whether PIO investment in domestic aviation sector should be treated at ... More

Newgen completes Kenyan project
AFTER successfully installing its Omni product suite - comprising OmniFlow, OmniDocs, OmniReports, OmniCapture and OmniExtract — in the Kenya Airways contract, Newgen Software Technologies is confident of signing up more deals in the ... More

Female in-flight supervisors to make debut on Air India
YET another male bastion is all set to crumble. Air India (AI), which so far had only male in-flight supervisors, will now allow female crew members to take up what till now was an exclusive male domain. Official sources told Business ... More

INFRASTRUCTURE

Another panel on airport modernisation bid process set up
THE Government has constituted another panel of technical and financial experts to advise the committee headed by the Cabinet Secretary on the bidding process for the modernisation and restructuring of Delhi and Mumbai airports. Official ... More

SHIPPING

Transporting gas from Qatar to Petronet terminal — SCI consortium to order ship from Samsung
The 153,000 cbm capacity vessel is estimated to cost more than $200 million and will be delivered in 2009 when the transportation of the gas is due to start. More

FINANCIAL PERFORMANCE

FedEx Q2 revenues up 10 pc
FedEx Corporation has reported earnings of $1.53 per diluted share for the second quarter ended November 30, compared to $1.15 per diluted share a year ago, an increase of 33 per cent. During the second quarter, the company reported revenues of ... More

RAILWAYS

Railways to use RFID to track wagons, parcels — Magnetic strip-based tickets at Kolkata Metro to be replaced
Railways has been planning a pilot project to use RFID for tracking its wagon fleet. "We would extend the RFID tracking to the entire wagon fleet of Indian Railways if the pilot project is successful." New Delhi, Dec. 28 INDIAN ... More

Consultant for MRTS to be chosen by end-January
ONE of the six consortia which have pitched in with expression of interest (EoI)-cum-technical consultancy for the Rs 6,363-crore 59-km proposed Mass Rapid Transit System (MRTS) for twin cities, would be chosen by January end. The MRTS project ... More

Arbitrator may assess UB Group's damage claim in light rail project — Rs 15 cr sought as compensation
THE Karnataka Government is expected to appoint an arbitrator for resolving the claim from the UB Group for scrapping its ELRTS (Elevated Light Rail Transit System) project. Sources in the UB Group told Business Line that the move comes ... More

`Hassan-Mangalore rly line to be ready by Feb'
THE Hassan-Mangalore railway line is likely to be operational before the `Mahamastakabhisheka' at Sravanabelagola in Hassan district during February next year. The Union Minister of State for Railways, Mr R. Velu, told newspersons here on ... More

ROADWAYS

Japanese team interested in outer ring road project
A SIX-MEMBER Japanese team, including Pacific Consultant International, Tokyo, called on the Andhra Pradesh Chief Minister to express their interest in working on outer ring road (ORR) project. Several other global players have evinced ... More

Expansion of national highways
HYDERABAD: The Union Government will spend Rs 1,72,000 crore on expanding and strengthening of national highways in the next seven years. Addressing a meeting after laying foundation stone for four-laning works of the Pune-Hyderabad ... More

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