The special fares are divided into two categories and would be valid till 20 September this year
National air-carrier, Air India on Wednesday announced special fares on its select domestic sectors to attract passengers during the lean season.
The tickets under the special fares, which are in two categories, can be purchased upto three days before flying and would be valid till 20 September, Air India said.
The first category of special fares, available on 24 domestic sectors on the airlines’ network, comprises of basic fares and passenger service fee, the release said.
No fuel surcharge would be applicable on these fares, it said. Under the offer a Mumbai-Hyderabad travel would cost only Rs2,079. Similarly, a Mumbai-Kochi travel would cost Rs3,279 and Mumbai-Bangalore Rs2,779, the release said.
The second category of special fares offers would be applicable on 70 select domestic routes and exclusive of all taxes and passenger service fee, Air India said.
However, a passenger would have to pay user development fee at aiports where its is applicable, the release said.
Wednesday, July 22, 2009
May go for IPO, stake sale of insurance biz: Rel Cap
Reliance Capital aims to be a world-class financial enterprise, it chairman Anil Ambani today said at its annual general meeting. “Our focus has shifted from gaining market share to profitability,” he said.
Ambani added that the company was considering various options to unlock value in the insurance business, and that it was likely to go for stake sale, IPO of its insurance business.
Ambani added that the company was considering various options to unlock value in the insurance business, and that it was likely to go for stake sale, IPO of its insurance business.
Kalam frisked by US airlines staff
While travelling to the United States a month ago, former president Dr A P J Abdul Kalam was frisked at the IGI Airport in Delhi by the employees of Continental Airlines.
Reports said, Dr Kalam was made to wait for the security check and was made to take off his shoes for checking. However, while this was being done, officials of CISG objected to Kalam's checking.
Ex-president Kalam is exempted from security checks and frisking.
Treating the matter as most serious, Civil Aviation Ministry today ordered an inquiry into the incident and Praful Patel called the matter 'absolutely unpardonable'.
Reports said, Dr Kalam was made to wait for the security check and was made to take off his shoes for checking. However, while this was being done, officials of CISG objected to Kalam's checking.
Ex-president Kalam is exempted from security checks and frisking.
Treating the matter as most serious, Civil Aviation Ministry today ordered an inquiry into the incident and Praful Patel called the matter 'absolutely unpardonable'.
Tuesday, July 21, 2009
Calls for 21st july
RESEARCH-Nifty(FUT)R-4550/4590/4700
S-4475/4435/4365;Sensex(CASH)R-15315/15440/15795
S-15080/14960/14725;MARKET OUTLOOK:VOLATILE WITH +VE BIAS 8.53A
S-4475/4435/4365;Sensex(CASH)R-15315/15440/15795
S-15080/14960/14725;MARKET OUTLOOK:VOLATILE WITH +VE BIAS 8.53A
9:33 AM 7/20 RESEARCH: MARKET OUTLOOK: Inverse head and shoulder pattern in the daily chart indicates that the NIFTY is heading upward toward the resistance (4480) found near the top of the previous trough. If NIFTY breaks above 4480 levels on daily closing basis, then it could run up to 4690 levels in short term. For the day, NIFTY may open flat to positive and it can be expected to test the short-term key resistance level of 4480. The NIFTY has resistance at 4420 and 4440 levels. Above this level, it could test 4480 levels. Trade cautiously as profit booking can be expected between 4450 – 4500 levels. On the downside, NIFTY is having support at 4315 and 4270. If it moves below this level, it may drag to 4230 levels.
9:35 AM 7/20 RESEARCH-Global Market (in %): DOW JONES (+0.37%), S&P 500 (-+0.04%), NASDAQ (+0.08%), FTSE (+0.62%), DAX (+0.43%), NIKKEI(+0.55%), HANG SENG (+2.54%) & SGX NIFTY (+47 POINTS)
11:42 AM 7/20 RESEARCH: FLASH NEWS: JSW Steel standalone Q1 PAT up by 55% to Rs 340.02 Cr Vs Rs 219.35 Cr (YoY)
1:11 PM 7/20 RESEARCH: SHORT-TERM FUNDAMENTAL CALL : BUY INDIA CEM CMP 151.75 TGT 160 SL 148
2:08 PM 7/20 RESEARCH:INTRADAY CALL (CASH) : SHORT SELL JSWSTEEL BELOW 595 TGT 576 SL 605
Friday, July 17, 2009
Terror stalks Indonesia as hotel bombs kill nine
JAKARTA (AFP) – Suspected Islamist suicide bombers detonated high-explosive devices in two luxury Jakarta hotels popular with foreigners on Friday, killing at least nine people, officials said.
Witnesses described grim scenes with bloodied survivors fleeing in panic from the Ritz-Carlton and JW Marriott hotels, as terrorism returned to the world's most populous Muslim nation after four years without a major attack.
The broad streets of Jakarta's financial district were littered with glass and debris and smeared with blood after the breakfast-time bombings, which sent a huge plume of smoke over the city.
A sombre-looking President Susilo Bambang Yudhoyono, whose crackdown on the extremist Jemaah Islamiyah (JI) appeared to have quelled the extremist threat, said the bombings undermined the security of the entire nation.
He said the attackers "have no humanity and they don't care about the damage done to our country with this act of terrorism, which will have wide effects on our economy, trade, tourism and image in the eyes of the world".
Officials said more than 40 other people were injured when two blasts shook the upmarket hotels, and pinned suspicion on a JI splinter group led by Malaysian-born bomb-maker Noordin Mohammed Top.
"Based on the evidence at the scene, we found that there were two suicide bombers," national police chief Bambang Hendarso Danuri told reporters.
Grainy security camera footage at the Ritz-Carlton showed a man wearing a backpack on his chest and carrying a suitcase entering the hotel restaurant moments before a bomb exploded.
The flickering footage aired on the TV One station showed the large open doorway to the restaurant erupting with glass, debris and smoke as the bomb was detonated inside.
People in the doorway were engulfed by the blast, while others dived for cover behind furniture and walls. Witnesses described a scene of carnage.
"I was walking outside and I saw three injured people taken to the ambulance," shop assistant Syarif, 32, said.
"They were all foreigners, their faces and bodies all covered in blood. The skin near the eye of one of them was peeling off," he said.
At least one foreigner, a New Zealand businessman, was confirmed dead and Australian Prime Minister Kevin Rudd said he had "grave concerns" for three missing Australians including an embassy official.
Rudd condemned the "barbaric" attacks, saying they made him "sick to the stomach".
US Secretary of State Hillary Clinton, condemning the "senseless" attacks as she headed to Asia for a trip starting in India, said the State Department was working to help an unspecified number of Americans hurt in the blasts.
"The attacks reflect the viciousness of violent extremists, and remind us that the threat of terrorism remains very real," she said.
Manchester United were due to stay at the Ritz-Carlton next week as part of an Asian tour but they cancelled the trip, denying a sell-out crowd of 100,000 the chance to see the English football giants play an Indonesia XI on Monday.
The Marriott was hit in 2003 by a blast that killed 12 people, and Friday's violence bore the hallmark of past attacks blamed on the Al-Qaeda-linked JI both in Jakarta and the tourism hotspot of Bali.
National police spokesman Nanan Soekarna confirmed at least nine people were killed and 41 were injured, including 14 foreigners, when the blasts struck around 8:00 am (0100 GMT).
Despite security measures in place at Jakarta's top hotels, including vehicle searches and metal detectors, police said one blast hit the basement of the Marriott and a second struck the restaurant of the Ritz-Carlton.
An unexploded bomb was later found and defused by police in room 1808 of the Marriott, presidential adviser Djali Yusuf said.
The room was a "control centre" for the attacks, he said, with police discovering explosive chemicals and bomb-making materials in a potential treasure trove of evidence as investigators piece together the attacks.
Officials said seven people were killed at the Marriott and two others at the Ritz-Carlton.
A South Korean man and a Japanese national were also listed among the foreigners who were injured.
Condemnation poured in from Indonesia's neighbours in Southeast Asia, where JI is accused of plotting to create a pan-Islamic state.
JI's most notorious attack was the bombing of several nightclubs on the island of Bali in 2002 which left more than 200 people dead, mostly foreign tourists.
Witnesses described grim scenes with bloodied survivors fleeing in panic from the Ritz-Carlton and JW Marriott hotels, as terrorism returned to the world's most populous Muslim nation after four years without a major attack.
The broad streets of Jakarta's financial district were littered with glass and debris and smeared with blood after the breakfast-time bombings, which sent a huge plume of smoke over the city.
A sombre-looking President Susilo Bambang Yudhoyono, whose crackdown on the extremist Jemaah Islamiyah (JI) appeared to have quelled the extremist threat, said the bombings undermined the security of the entire nation.
He said the attackers "have no humanity and they don't care about the damage done to our country with this act of terrorism, which will have wide effects on our economy, trade, tourism and image in the eyes of the world".
Officials said more than 40 other people were injured when two blasts shook the upmarket hotels, and pinned suspicion on a JI splinter group led by Malaysian-born bomb-maker Noordin Mohammed Top.
"Based on the evidence at the scene, we found that there were two suicide bombers," national police chief Bambang Hendarso Danuri told reporters.
Grainy security camera footage at the Ritz-Carlton showed a man wearing a backpack on his chest and carrying a suitcase entering the hotel restaurant moments before a bomb exploded.
The flickering footage aired on the TV One station showed the large open doorway to the restaurant erupting with glass, debris and smoke as the bomb was detonated inside.
People in the doorway were engulfed by the blast, while others dived for cover behind furniture and walls. Witnesses described a scene of carnage.
"I was walking outside and I saw three injured people taken to the ambulance," shop assistant Syarif, 32, said.
"They were all foreigners, their faces and bodies all covered in blood. The skin near the eye of one of them was peeling off," he said.
At least one foreigner, a New Zealand businessman, was confirmed dead and Australian Prime Minister Kevin Rudd said he had "grave concerns" for three missing Australians including an embassy official.
Rudd condemned the "barbaric" attacks, saying they made him "sick to the stomach".
US Secretary of State Hillary Clinton, condemning the "senseless" attacks as she headed to Asia for a trip starting in India, said the State Department was working to help an unspecified number of Americans hurt in the blasts.
"The attacks reflect the viciousness of violent extremists, and remind us that the threat of terrorism remains very real," she said.
Manchester United were due to stay at the Ritz-Carlton next week as part of an Asian tour but they cancelled the trip, denying a sell-out crowd of 100,000 the chance to see the English football giants play an Indonesia XI on Monday.
The Marriott was hit in 2003 by a blast that killed 12 people, and Friday's violence bore the hallmark of past attacks blamed on the Al-Qaeda-linked JI both in Jakarta and the tourism hotspot of Bali.
National police spokesman Nanan Soekarna confirmed at least nine people were killed and 41 were injured, including 14 foreigners, when the blasts struck around 8:00 am (0100 GMT).
Despite security measures in place at Jakarta's top hotels, including vehicle searches and metal detectors, police said one blast hit the basement of the Marriott and a second struck the restaurant of the Ritz-Carlton.
An unexploded bomb was later found and defused by police in room 1808 of the Marriott, presidential adviser Djali Yusuf said.
The room was a "control centre" for the attacks, he said, with police discovering explosive chemicals and bomb-making materials in a potential treasure trove of evidence as investigators piece together the attacks.
Officials said seven people were killed at the Marriott and two others at the Ritz-Carlton.
A South Korean man and a Japanese national were also listed among the foreigners who were injured.
Condemnation poured in from Indonesia's neighbours in Southeast Asia, where JI is accused of plotting to create a pan-Islamic state.
JI's most notorious attack was the bombing of several nightclubs on the island of Bali in 2002 which left more than 200 people dead, mostly foreign tourists.
Online payment sys for excise duty to go live in 6 mnths
Indirect tax collection system is not perfect and there is a need for toning it up with modernisation and automation, Chairman of the Central Board of Excise and Customs P C Jha has said.
As part of modernisation, a fully automatic system would
be put in place within six months to enable payment of excise duty anywhere online, he said, adding that such a system is already in vogue for customs purposes.
"We expect that in six months the system will be
automated for payment of excise duty also. We are working
towards it," Jha told PTI. "We will not be satisfied till the system is perfect which at present it is not, he said giving details of the progress made in the system, including the successful use of third-party information system for excise collection.
Asked how much improvement in revenue collection could
be expected if the system was modernised and the leakages were plugged, he said the government very consciously believes in a very modern system wherein every taxpayer is considered honest and law abiding unless proved otherwise.
So, it would be difficult to quantify the improvement,
he said, adding, the government would continue to believe the assesses were giving correct declaration.
As part of modernisation, a fully automatic system would
be put in place within six months to enable payment of excise duty anywhere online, he said, adding that such a system is already in vogue for customs purposes.
"We expect that in six months the system will be
automated for payment of excise duty also. We are working
towards it," Jha told PTI. "We will not be satisfied till the system is perfect which at present it is not, he said giving details of the progress made in the system, including the successful use of third-party information system for excise collection.
Asked how much improvement in revenue collection could
be expected if the system was modernised and the leakages were plugged, he said the government very consciously believes in a very modern system wherein every taxpayer is considered honest and law abiding unless proved otherwise.
So, it would be difficult to quantify the improvement,
he said, adding, the government would continue to believe the assesses were giving correct declaration.
GAIL to lay 600 km gas pipeline in MP
Gas Authority of India Limited (GAIL) will lay down a 600-km long gas pipeline from Jhabua to Kailaras in Madhya Pradesh at an estimated cost of Rs 3,000 crore, a top company official said today.
"The proposed gas pipeline from Jhabua to Kailaras
covering a distance of nearly 600 km will be laid at an
estimated cost of Rs 3,000 crore," GAIL Chairman U D Choubey told reporters at the company's Vijaypur plant.
"It will have a visible impact in the area in the next
two-three years," he said.
The cost of the pipleline between the two points (Jhabua
and Kailaras) will be Rs 2,500 crore while another Rs 500
crore will be spent on installing two compressors, the
Chairman said.
GAIL has already laid down 6000 km long gas pipeline in
India and has plans to lay down a pipeline of equivalent
length across the country, he said.
The company also plans to supply piped gas in a radius of
50 km in the cities situated along the route of the pipeline and nearly 230 cities and towns including Guna, Indore, Gwalior and Malanpur have been shortlisted for the purpose,Chobey said
"The proposed gas pipeline from Jhabua to Kailaras
covering a distance of nearly 600 km will be laid at an
estimated cost of Rs 3,000 crore," GAIL Chairman U D Choubey told reporters at the company's Vijaypur plant.
"It will have a visible impact in the area in the next
two-three years," he said.
The cost of the pipleline between the two points (Jhabua
and Kailaras) will be Rs 2,500 crore while another Rs 500
crore will be spent on installing two compressors, the
Chairman said.
GAIL has already laid down 6000 km long gas pipeline in
India and has plans to lay down a pipeline of equivalent
length across the country, he said.
The company also plans to supply piped gas in a radius of
50 km in the cities situated along the route of the pipeline and nearly 230 cities and towns including Guna, Indore, Gwalior and Malanpur have been shortlisted for the purpose,Chobey said
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