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PM to inaugurate IEA conference at KIIT
Prime Minister Manmohan Singh will inaugurate the 92nd conference of the Indian Economic Association (IEA) at the city-based KIIT School of Management on Sunday in the presence of the state chief minister Naveen Patnaik.

Geetanjali Krishna: The unofficial Tatkal service
It’s rather peculiar,” said a friend recently, “that of late, almost every time that I have tried to buy a train ticket, even if it is a month in advance, I have found myself wait-listed…” She was desperately trying to send off Sushil, her trusted right-hand man to Kolkata for some urgent business, and was unable to get tickets on any train going eastwards. “The air tickets cost upwards of Rs 12,000 — I don’t know what to do!” said she. Just then, her courier service provider, who happened to overhear some of this conversation, said, “Why are you getting so hassled madam? Just send him to the railway station and meet this travel agent friend of mine … he’ll get him on today’s Rajdhani to Kolkata!” But how could he do that when the train was full, she asked bemusedly. “It’s the unofficial Tatkal service,” said he.

News of the day

Govt okays 13 FDI proposals worth Rs 393 cr
The government has approved 13 foreign direct investment projects, including a proposal of Dish TV, entailing total overseas investment of Rs 393.62 crore.
Management

Ashok Leyland to supply 875 ULE buses to DTC this fiscal

Commercial vehicle maker Ashok Leyland has said it would start delivery of the first 50 ultra low entry (ULE) buses to the Delhi Transport Corporation (DTC) soon as part of its Rs 1,190 crore contract to supply 875 buses this fiscal. - ONGC-Hinduja JV loses Iran"s oilfield to China co - 'Tax code to render CBDT toothless' - Wabco-TVS to tap new export mkts - Ashok Leyland: A slow recovery - Alarm bells ring over British Columbia treaty override - Pearson expands footprint The company also said it would fulfill its contract to deliver 5,000 buses to various state and local transport bodies under the Jawaharlal Nehru National Urban Renewal Mission (JNNURM) in 2009-10. "We will start supply to DTC within a short period and the first batch would consists of 50 ULE buses. The vehicles are ready and prototypes have already been handed over to DTC," Ashok Leyland Executive Director (Marketing) Rajiv Saharia told reporters here. He said the delivery, which was originally meant to have started in March, got delayed because of changes in specifications of the vehicles. The company had secured a Rs 480 crore contract for supply of the ULE buses from DTC earlier this year. The two parties had also signed a Rs 710 crore contract for maintenance of the buses over a period of 12 years. Major commercial vehicle makers are to deliver 2,200 buses to DTC this fiscal, of which Ashok Leyland has a contract for supply of 875 ULE buses, both AC and non-AC in the price range of Rs 49.9 lakh to Rs 59.3 lakh. Saharia said Ashok Leyland would be able to fulfill the order of 5,000 buses to various transport bodies during the fiscal. The company has so far delivered around 350 buses under the JNNURM contract. "Our 50,000 unit capacity plant at Pantnagar would go on-stream in a few months. Besides, we are also increasing capacity at our Alwar plant from 200 ULEs a day to 300 very soon. So we have the capacity," he said. The company, along with the country"s largest auto maker Tata Motors, had bagged the lion"s share of the Rs 5,000 crore JNNURM contract.


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