| Cargo volumes at govt ports up 3% |
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Iron ore shipments from India have been hit by a Supreme Court ban on mining of the steel-making commodity
Bangalore: Cargo volumes at the dozen ports controlled by the Union government grew by 3.11% in the first half of this fiscal, held back by declining shipments of iron ore and finished fertilizers but gathering pace from 2010-11. |
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| FedEx Completes Acquisition of Watkins Motor Lines |
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Addition of Long-Haul Less-Than-Truckload (LTL) Units Expands Heavyweight Service Portfolio for Customers. FedEx completes acquisition of the LTL operations of Watkins Motor Lines and certain affiliates creating FedEx National LTL and FedEx Freight Canada |
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| Deccan 360 readies for loan restructuring |
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Wednesday, November 09, 2011
Bangalore: Deccan 360, the now-grounded air cargo business started by low-cost civil aviation pioneer G R Gopinath, is understood to be on the verge of referral to the corporate debt restructuring scheme formed under the guidelines of Reserve Bank of India (RBI). |
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| Seamlessness can be created by setting up Logistics Corporation of India: SB Agnihotri |
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MUMBAI: Dr SB Agnihotri in his inaugural address of Logistics Summit 2011 organized by the CII - Institute of Logistics has said that set up Logistics Corporation of India for creating seamlessness. This event has been held on November 3. |
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| Uncertain times continue to trouble KF airline |
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The status quo of flight operations at the Kingfisher Airlines continued for the sixth day, with the cancellation of at least nine domestic flights from Mumbai throwing passengers into disarray.< |
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| India shipping regulator proposes logistics firm |
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MUMBAI: India's shipping regulator has proposed to set up an inter-modal logistics provider with state-run Shipping Corp of India, Container Corp of India and Central Warehousing Corp of India as shareholders, a top official told reporters on Thursday. |
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| GST should be in place by October 2012: CBEC Chairman S D Mazumdar |
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Meeting the indirect tax collection target could be a problem if mop-up remains subdued in the second half. So the government is focusing is on the services sector, which contributes 60% to India's GDP but only 15-20% in taxes. And the measures taken so far have definitely yielded results, says Central Board of Excise and Customs chairman S D Mazumdar, who demits office on Monday. The government's negative services list, which is expected to boost revenues, could also take effect before the proposed goods and services tax is introduced in about a year, he says in an interview to Deepshikha Sikarwar . Excerpts: |
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| DHL launches freighter service between Bangalore and Leipzig |
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Bangalore: Logistics major DHL announced on Tuesday the launch of Boeing 777F-200 freighter service between Bangalore and Leipzig, which is the company's European hub. The new service, originatidasng in Bangkok and Singapore, is to operate five days a week. The new freighter will be operated by Aerologic, a joint venture cargo airline of DHL Express and Lufthansa Cargo. |
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| GHIAL plans more international cargo flights from Hyderabad airport |
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| Hyderabad, Oct 12 (PTI) |
GMR Hyderabad International Airport Limited (GHIAL), which runs the Rajiv Gandhi International Airport in the city, is in talks with five international freight carriers to start operations from here, a top executive of GHIAL said.
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| Blue Dart Q3 Sales Rs. 388.84 cr. |
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• Profit up by 41.79%
• The Company posted Rs. 29.75 cr. profit after tax |
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Blue Dart Express Ltd., South Asia's premier courier, and integrated express package Distribution Company, today declared its financial results for the third quarter (Q3) ended September 30, 2011, at its Board Meeting held in Mumbai. |
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| Indian 3PL Market to Reach US$ 3.6 Billion by 2012 |
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With the companies strengthening their supply chain and increasing their market penetration, the 3PL market in India is expected to post double-digit growth in coming years |
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