Civil Aviation Minister Shri Ajit Singh Takes Detailed Review of Air India; Suggests Cost Cutting Measures to Bridge the Gap Between Cash Inflow and Outflow; Asks for Deployment of Dreamliners on New Routes

Union Minister of Civil Aviation Shri Ajit Singh today reviewed in detail the functioning of Air India which included revenue generation and cash flow management, status of implementation of Computerized Management System for Pilots and Cabin Crew, Status of operations of B-787 and other matters envisaged in the TAP/ FRP. Shri Singh expressed concern over …

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Mobile Advertising trends that will rule 2013 – Dippak Khurana, Co Founder and Chief Executive Officer, Vserv.mobi

As consumers rapidly adopt the mobile, here are the Top 5 trends that will drive Mobile Advertising and take centre stage in 2013: 1. Smartphone Advertising will evolve to Smart Advertising Advertisers today are adapting their campaigns to the capabilities of smartphones. Also, many of them are only leveraging 1 or 2 smartphone platforms versus …

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The ISS Lighthouse Relay Voyage baton arrives down under for Christmas – raising additional funds for local charities around the globe

20th December 2012 The ISS Lighthouse Relay Voyage baton, which is raising money for local charities supporting sick and disadvantaged people, has arrived in Sydney, Australia, on the latest leg of its tour around the globe. The ambitious fundraising initiative by Inchcape Shipping Services, the world’s largest maritime services provider, has now raised nearly $125,000 …

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ArcelorMittal extends conversion date for $1bn mandatory convertible bond

Luxembourg, 20 December 2012 – ArcelorMittal announces the extension of the conversion date for the $1bn privately placed mandatory convertible bond (MCB) issued on 28 December 2009 by one of its wholly-owned Luxembourg subsidiaries. This amendment to the MCB, which is mandatorily convertible into preferred shares of such subsidiary, was executed on 18 December 2012. …

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India’s growth prospects less than golden – Umesh Shanmugam

Ships entering one of India’s finest deepwater ports at Andhra Pradesh in the south of the country are filled with everything from bauxite and aluminium to coal and capital equipment. Yet they depart almost empty, says D.V.S. Raju, founder of the company running the port. Meanwhile, sales of gold jewellery have been falling in India, …

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Mechel Announces Management Changes at Izhstal OAO

Moscow, Russia — December 19, 2012 – Mechel OAO (NYSE: MTL), one of the leading Russian mining and metals companies, announces the appointment of a new Managing Director of Izhstal OAO (Izhstal), part of Mechel Group. Anatoly Shchetinin, 55, who was appointed the new Managing Director of Izhstal OAO, replaces Konstantin Kretov, who headed the …

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