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Subir Roy: How to handle negative Chinese vibes
Subir Roy / New Delhi October 14, 2009, 0:00 IST

Prices may fall to $70: NMDC
Cash iron ore prices may fall to about $70 a tonne in the “near term” as China, the world’s biggest buyer, cuts purchases, said Rana Som, chairman of NMDC, India’s top producer of the steel making material.

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STPI-Berhampur fails to attract IT majors
The third Software Technology Park of India (STPI), being set up in Orissa at Ambapua on the outskirts of Berhampur, has failed to attract major IT companies even though the construction work on the STPI centre is nearing completion.
Corporate

Air traffic grows 25%

Domestic air traffic continued its growth momentum in October and witnessed a passenger growth of 25 per cent to 4 million from 3.2 million during the same period last year. - Jet pilots" union de-registered - Govt asks AI to save Rs 2,000 cr by March - Domestic air traffic witnesses rise in October - Air India to get equity infusion: Patel - AI invites bids to lease out three aircraft - Air India posts net loss of Rs 5,548 crore Passenger traffic, compared with September this year, grew 11 per cent during October. Around 3.9 million passengers travelled by domestic airlines in October, whereas only 3.5 million passengers had opted for air travel in September. Among the airlines, Jet Airways and its subsidiary Jetlite, whose passenger count fell last month due to the pilot’s strike, emerged as the leader at 27.7 per cent followed by Kingfisher at 20.7 per cent. The government carrier Air India (Domestic) improved its market share to 18.6 per cent from 17.5 per cent last month. Among the low-cost carriers, IndiGo commanded the maximum share at 14.3 per cent followed by SpiceJet at 13.2 per cent, GoAir at 5.8 per cent and Paramount at 2.0 per cent.


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