Private airline Jet Airways is in talks with Lufthansa Group to float a wholly owned subsidiary for dedicated cargo operations.
The estimated investment for the facility, which will undertake domestic and international projects, would be $100 million.
"We have written to all the companies in which we have nominee-directors, asking them not to give Esops," said LIC managing director D K Mehrotra. He said there were more than 100 companies in which LIC had nominee-directors.
European aeroplane maker Airbus Industrie hopes to sell 55 of its A380 planes, including 10 freighter aircraft, in India in 20 years.
The Sun, the flagship publication of Murdoch's News Corporation, is in talks with Maran's Sun group to launch an English tabloid in the country.
If Vijay Mallya wants to buy the moon, I will only say, if wishes were horses...Even if Mallya wanted to acquire, Air Deccan is not up for sale. It has been built with a longer vision."
This will be over and above a Rs 3,655-crore domestic rights issue and a Rs 4,350 crore convertible preference share issue the company announced last month.
The Ambani brothers, Tata group, GVK Group, GMR Group and Larsen & Toubro are among the top players bidding for the greenfield Navi Mumbai airport, the second airport project in Mumbai.
The world's largest airplane, the A380 is coming to Delhi and Mumbai airports on May 7 and May 9.
Some airline companies suggest that the fare difference vis-a-vis the Indian Railways is offset by shortage of seats.
Wipro is close to setting up an IT park in Nagpur and is believed to have acquired 117 acres of land at the new special economic zone in the city.
Infrastructure developer GMR Group plans to set up an airport-based special economic zone near the new Hyderabad International Airport, which it has the mandate to develop.
Agarwal's is a classic story of a small trader becoming metal king. The secret, he says, lies in believing in himself and in the country's potential.
Carriers like Indian, Jet Airways, Kingfisher Airlines and Paramount Airways, apart from a host of start-up airlines, are sewing up deals to acquire 50-70 seater aircraft for less congested routes.
Shivaz Rai, owner of a travel agency in Delhi, spent Rs 48,000 on low-cost carrier Air Deccan's Superflier scheme offering coupons for 12 flights to any destination.
French electrical major Schneider Electricals SA is in advanced stages of negotiations with the Mumbai-based Shah family to acquire Anchor Electricals, the country's leading electrical equipment maker.
Air-India (A-I) chairman and managing director Vasudevan Thulasidas and Jet Airways chairman Naresh Goyal have a common agenda: to get their airlines among Asia's top five by 2010 in terms of size and service.
They prefer foreign markets owing to comparatively lower margins than Indian exchanges.
Needless to say, Kingfisher is planning to deploy all foreign cabin crew on its US flights.
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