The Telegraph
Since 1st March, 1999
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Business Briefs

IA trims loss by 40 %

New Delhi, Dec. 5: Indian Airlines today reported a 40 per cent reduction in its losses at Rs 134.73 crore, offsetting the hike in its fuel bill on the strength of a rigorous cost cutting exercise and improved passenger traffic. The board, at its meeting, also took note of the steps taken by the public sector carrier to synergise its operations with Air-India on network expansion and route allocation, besides marketing and sales. The reduction in the losses was reported even after the airline suffered a hike in the fuel bill by Rs 147 crore during the last fiscal and an increase of Rs 16.36 crore in the landing, parking and navigation charges, IA officials said.


New Delhi, Dec. 5: World’s largest CNG firm, Indraprastha Gas Ltd’s public offer, which closed today, has been over-subscribed by more than 16 times.

Phone users

New Delhi, Dec. 5: Basic telecom operators added 6,60,510 subscribers during November, while the cellular mobile operators added 1,37,9647 subscribers. The WiLL-M phones was major catalyst in the growth of subscribers.

Lupin plan

Mumbai, Dec. 5: Lupin Ltd is planning to set up its own marketing force in the US. It is also in the process of creating a global advisory board as part of its corporate governance initiative.

Tata Motors

New Delhi, Dec. 5: Tata Motors would announce a price hike in January, said vice-president Rajiv Dube.

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