By the fourth quarter of 2013, AirAsia expects to start operation of its proposed low-cost airline in a joint venture with Tata Group and Arun Bhatia of Telestra Tradeplace. As soon as the joint venture receives approval from the sectoral regulator, it would launch operation, AirAsia's founder and group CEO Tony Fernandes said
Author: admin (Infratructure Today)
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World steel output grows a mere 0.8%
Data from World Steel Association (WSA) shows the global production of the alloy rose a mere 0.8 percent in January 2013 to 125 million tonne (mn t) from 123.7 mn t in January 2012. During January 2013, India produced 6.3 mn t, data from the association shows. In its monthly report, the body said
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USTDA asks Vizag port to avail its assistance
The US Trade Development Authority (USTDA) asked Visakhapatnam Port Trust to avail its development assistance for enhancing growth potential of the port. USTDA, which was hitherto focusing on the development of aviation sector in India, has taken up port development activities recently
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ADAIA requests govt to resolve labour issue in Vallarpadam terminal
Kerala government received a request from the Alwaye Development Area Industrial Association (ADAIA) to take steps to end the ongoing labour strike at the Vallarpadam Container Terminal. The trailer crew in the terminal are holding strike for the second time demanding wage hike and other facilities. As numerous small-scale industries depend on the terminal for export and import of goods, the losses incurred beca
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EPL to make Puducherry Port its extended arm
Ennore Port (EPL) is in the process of making the Puducherry Port its extended arm and in this regard, the former would conduct a feasibility study for carrying out various projects at the union territory port. Officials of both the ports are holding discussion in this regard and it is learnt that the talks are still in preliminary stages. EPL plans to commission a feasibility report for dredging, modernizing and constructing berths at Pudu
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Cochin Port agrees to demands of trailer crew
At a meeting with the trade unions, the Cochin Port Trust agreed to hike the portion of lorry rent given to the drivers and cleaners. From eight per cent and 4 per cent, the proportion has been increased to 10.5 per cent and 5.25 per cent respectively. Following this, the trailer crew at the port ended their strike on the 11th day recently. The meeting was atte
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JNPT explores legal options against PSA
Jawaharlal Nehru port (JNPT) is said to be exploring all legal and administrative options on actions to be taken against PSA International for reneging its contract to set up the proposed fourth container terminal. The proposed terminal project was designed to load 4.8 million standard containers a year. According to Kevic Setalvad, the additional solicitor general of India, it is p
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ONGC, BPCL to sign pact for terminal project
Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at Mangalore. The MoU would be signed in the next 15 days, the minister said after commissioning a Rs 4,500-crore pipeline from Dabhol LNG terminal to Bangalore set up by GAIL
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ONGC, BPCL to sign pact for terminal project
Union Petroleum Minister M Veerappa Moily informed that state-run oil firms ONGC and Bharat Petroleum Corp (BPCL) would enter into a memorandum of understanding (MoU) for setting up a Liquefied Natural Gas (LNG) terminal at Mangalore. The MoU would be signed in the next 15 days, the minister said after commissioning a Rs 4,500-crore pipeline from Dabhol LNG terminal to Bangalore set up by GAIL
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RBI has limited room for policy easing
In an interview to a leading media, Reserve Bank of India (RBI) Governor D Subbarao remarked that the roon for monetary easing is limited over the next few months because of the outlook for inflation and outlook for growth. He said the central bank would take into account the fiscal consolidation measures and deficit projections by the finance minister in the coming Budget to decide on t