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M&M domestic auto sales jump 67.4%
Homegrown auto maker Mahindra & Mahindra (M&M) today reported its highest ever domestic monthly auto sales with 67.4 per cent increase in January at 28,988 units against 17,320 units in the same month last year.

AV Rajwade: The imminent food crisis
AV Rajwade / New Delhi December 28, 2009, 0:57 IST

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Karnataka Bank Q2 net dips 77.78%
Private sector Karnataka Bank said its net profit declined by 77.78 per cent to Rs 16.35 crore for the quarter ended September 30, 2009, over the same period last year.
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Foreign carriers can add capacity in peak traffic

Foreign airlines can now use larger aircraft and operate additional flights to India during the peak tourist season under the fresh guidelines issued by the government. - Sebi mulling action on MFs for compliance on NOC withdrawal - Aviation industry sees 20% less aircraft acquisition - DGCA to set up new aviation body - New aviation body to look into administrative affairs - TPPL partners close to resolve land issue - DGCA sets up permanent panel to update aviation rules The guidelines, outlined by the Directorate General of Civil Aviation (DGCA), clip the right of national carrier Air India to clear the extra flights through a No-Objection Certificate (NOC), official sources said. The new rule allows foreign airlines to mount additional capacity of up to 10 per cent of their entitlements during periods of high air traffic, including the peak season, natural calamities or major international events. This means these airlines may deploy larger aircraft or operate additional flights. The airlines are subject to the bilateral air traffic agreements between India and the respective countries. Earlier, the R N Kaw Committee, set up to strengthen the DGCA, had recommended that availing of the NOC from the national carrier should be done away with in order to clear extra-section flights of its competitors. This recommendation has been accepted by the government, which expects that similar reciprocal rights would be granted to Indian carriers by the foreign governments whose airlines are being allowed to mount additional capacity, the sources said.


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