Joint ventures for air cargo, ground handling okayed

September 25th, 2009 ANZ buys ING's stake in joint ventures for $1.5BSYDNEY — ANZ Bank said Friday it will buy Dutch-based ING Groep NV's stake in their Australian and New Zealand life insurance and wealth management joint ventures for 1.76 billion Australian dollars ($1.53 billion). Shares in Australia & New Zealand Banking Group Ltd., one of Australia's largest banks, gained more than 2 percent to a 16-month high on Friday on news that it had bought out ING's 51 percent stake in the joint ventures established in 2002.

September 20th, 2009 NEW DELHI - The Left parties have okayed the alliance with the Samajwadi Party (SP), Janata Dal-Secular (JD-S), Lok Janshakti Party (LJP) and some regional parties for the Oct 13 Maharashtra assembly polls, a senior communist leader said Sunday. "We okayed the alliance formed at the state-level.

September 11th, 2009 Union: Amerijet, pilots reach tentative agreementFORT LAUDERDALE, Fla. — The union representing striking pilots and flight engineers at a South Florida air cargo company said Friday a tentative agreement up for a vote this weekend would make improvements including putting bathrooms on the planes at Amerijet International Inc.

September 3rd, 2009 Plastic bags are only onboard bathroom, pilots sayMIAMI — Flying a Boeing 727 around the world might sound like a dream. But pilots for a Florida air cargo company claim their job is a nightmare that includes no sick pay, shrinking wages and no place to use the bathroom on flights but a plastic bag.

August 24th, 2009 CHENNAI - Sical Logistics Ltd, India's leading provider of multi-modal integrated solutions for the logistics of bulk and containerized cargo, has signed a Berth Reservation Scheme (BRS) agreement with the Chennai Port Trust for 20 years, effective from February 26, 1998. Sical Logistics has been handling vessels at JD V berth under BRS but was restricted until now to berth vessels with less than or equal to 10.4 meters draft.

August 3rd, 2009 KOLKATA - Ethiopia is keen to form joint ventures with companies in West Bengal in sectors like jute and leather, a senior Ethiopian diplomat said here Monday. "We have spoken to the chief minister (Buddhadeb Bhattacharjee) today morning about future cooperation with West Bengal," said Gennet Zewide, Ethiopian ambassador to India.

July 1st, 2009 NEW DELHI - The government has decided to defer its policy to privatise ground services like passenger check-ins and baggage handling at airports following protests by the staff of state-run Air India and the Airports Authority of India. "The government has decided to defer the exit of all non-entitled entities from all ground handling operations at the six metro airports to Dec 31, 2009," an official statement said Wednesday.

June 30th, 2009 KOLKATA - Cargo handling at Haldia port has nearly halved following an indefinite strike contract labourers have called since Saturday demanding an increased pay from handling agents. The strike, which entered the fourth day Tuesday, has seen cargo handling come down to 53,865 tonnes from the normal quantity of 100,000 tonnes, said an official.

June 26th, 2009 THIRUVANANTHAPURAM - Kerala will ask the central government to set up more public sector units and centre-state joint ventures in the state to spur its industrial development, Industries Minister Elamaram Kareem said Friday. Kareem told IANS here that he would go to Delhi next week to discuss the state's demands with Defence Minister A.K.

May 15th, 2009 HAZIRA - Hazira Port Pvt Ltd (HPPL) is planning to develop cargo berthing facilities at Hazira port in south Gujarat at an investment of $400-500 million, a top official said Friday. HPPL is a joint venture between the Royal Dutch Shell Group and India's Total Group.

March 26th, 2009 NEW DELHI - A proposal from top international events broadcaster Neo Sports and another from the US construction equipment giant John Deere were among 26 applications for foreign investment worth Rs.1,043 crore (nearly $200 million) approved by the government. Neo Sports seeks to induct foreign equity worth Rs.258.53 crore in its Mumbai-based arm that is engaged in uplinking and broadcast of non-news and current affairs programmes.

March 5th, 2009 AHMEDABAD - The Kandla Port Trust (KPT) in Gujarat will construct four new dry cargo berths at the port at an investment of Rs.702 crore (Rs.7.02 billion), officials said. The berths, to be built under the public private partnership (PPP) and build-own-transfer (BOT) models, would be operational in two years, they said.

February 24th, 2009 NEW DELHI - India's cabinet was in an overdrive Monday clearing 60 agenda items in three hours, including Japan's NTT DoCoMo Inc's proposal to acquire 20.25 percent stake in Tata Teleservices. It took Home Minister P.

January 11th, 2009 NEW DELHI - With the easing global oil prices, Gulf countries like Oman look forward to investment from India and joint ventures with Indian firms. 'We welcome investment from Indian companies and also an arrangement where Indian companies can form join ventures with our companies,' Oman Oil and Gas Minister Mohammed Bin Hamad Al-Rumhy told reporters on the sidelines of the Petrotech 2009 conference here Monday.

December 30th, 2008 NEW DELHI - The government has postponed by at least six months the implementation of the new ground-handling policy at airports, expected to come into force Thursday, an official said Wednesday. 'The implementation of the new ground-handling policy has been deferred by six months or until further order,' said a spokesperson of the civil aviation ministry.