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Maruti Suzuki's November sales up 10 percent
Leading passenger automobile manufacturer Maruti Suzuki on Tuesday reported a 9.7 percent rise in its sales for last month.
 
The company sold 120,824 units during the month under review from an off-take of 110,147 units in the corresponding month of 2014.
 
The automobile manufacturer's sales during October rose by 29.1 percent year-on-year to 134,209 units.
 
Domestic sales during the month under review increased by 10.6 percent at 110,599 units from 100,024 units sold during November 2014. 
 
Exports went up by one percent in the month under review with 10,225 units being shipped out -- up from 10,123 units sold abroad during the corresponding month of 2014.
 
The sales of passenger car segment surged 8.7 percent to 89,479 units sold during last month - from 82,306 units in the like period of 2014.
 
The company's passenger car segment comprises of brands like Alto, WagonR, Swift, Ritz, Celerio, Baleno, Dzire, Dzire Tour, SX4 and Ciaz.
 
The off-take of utility vehicles which comprises of brands like Gypsy, Ertiga and S-Cross rose by 57.5 percent at 8,688 units from sales of 5,515 units during November 2014.
 
The sales in the van segment, which includes Omni and Eeco, increased by 1.9 percent at 12,432 units from an off-take of 12,203 units in the corresponding month of previous year.
 
The company's scrip at the Bombay Stock Exchange (BSE) was up by 0.31 percent at Rs.4,562.60 around 1.00 p.m. from its previous close of Rs.4,576.70 on Monday.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Chandigarh's international airport remains a domestic one
 It got a flying start, literally, when Prime Minister Narendra Modi inaugurated Chandigarh's new airport terminal in September with much fanfare. But Chandigarh's first step towards international air connectivity seems grounded - at least for the moment.
 
The Chandigarh International Airport project, which was to connect the 'City Beautiful' to destinations like Dubai and other places like Bangkok, has not taken off and the city is unlikely to see any international flight in the near future.
 
Though there were earlier announcements, from the Punjab government, that the Chandigarh airport would see its first international flight taking off from here on October 19, nothing happened. The next date speculated on was Nov 19 but that too did not materialise.
 
"With the winter setting in, no airline is going to risk its international flight from here till February end as Chandigarh gets prolonged foggy weather. So the airport has to wait for at least another three months before any international flight actually takes off from here," an official of the international airport project told IANS here.
 
The Chandigarh airport, which is operated by the Indian Air Force (IAF) and is under the Ministry of Defence, does not have adequate facilities for flights to land and take off in fog.
 
The IAF authorities do not allow commercial flights to operate between 8 p.m. and 6 a.m. from Chandigarh airport. The airport, which is a forward base for the huge IL-76 transport aircraft, is used by the IAF for air connectivity to Leh, Srinagar and other areas.
 
"In December and January, the fog takes its toll on all flights to and from Chandigarh. Last year, several flights were affected for days together. During winter, due to the fog, flights are always uncertain," Naveen Soni, a frequent flyer businessman, told IANS.
 
The city's airport operates 25 flights daily to destinations like Delhi, Mumbai, Bengaluru and Srinagar.
 
Prime Minister Modi had, on September 11, inaugurated the new terminal of the airport, which has a provision for handling international flights and passengers. The new terminal is actually in Punjab's Mohali town.
 
"We all want the international flights to start operating from here. It is long overdue. We have heard that one of the airlines will start their Dubai flight some time in February," Vikas Sharma, sales manager with Chandigarh-based Thakural Travels, told IANS.
 
Though the northern region, especially Punjab, has a large number of international travellers and Non-Resident Indians (NRIs), they have to depend mainly on Delhi's Indira Gandhi International (IGI) airport for connectivity.
 
In the region, only the Guru Ram Dass Jee international airport at Amritsar caters to limited international flights. It connects to international destinations like Doha, Dubai and Ashgabat (Turkmenistan). Earlier, the Sikh holy city had flights to Birmingham and Toronto.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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Over 4,000 km of road construction in northeast to improve connectivity
Over 4,000 km of roads and highways are to be constructed over the next few years in the northeastern states to improve connectivity and change the fortunes of the region, a top official has said.
 
This constitutes the bulk of the 6,841 km of roads and highways to be built in India's hilly states, which include Jammu and Kashmir, Himachal Pradesh and Uttarakhand, at an estimated cost of Rs.45,164 crore (nearly $7 billion), said Anand Kumar, the first managing director of the National Highways and Infrastructure Development Corporation Ltd. (NHIDCL), which was created in 2014.
 
"We are the first to start 18 projects in Tripura, Meghalaya and Arunachal Pradesh with a total length of 600 km at a cost of Rs.6,500 crore. This year we have started five projects in Arunachal Pradesh," Anand Kumar told IANS.
 
The NHIDCL took over the projects of the Border Road Organisation (BRO) and the Public Works Department (PWD) of the states concerned and has started showing results in no time in terms of improving the shoddy condition of the roads and highways in the region, he added.
 
Terming infrastructure the prime factor that can change the fortunes of the region, Anand Kumar said the corporation has taken all measures to maintain transparency and ensure that road and highway construction is all done with perfection.
 
"For transparency, we have handed over the work to regional contractors in small packages at a pre-estimated cost. These ensure that there is no misuse of funds by handing over a large stretch to a single contractor," Anand Kumar said.
 
The company has decided on 11 projects in Manipur, nine in Meghalaya, three in Mizoram, four in Nagaland, 23 in Arunachal Pradesh and seven in Tripura. In several projects, Japanese infrastructure major JICA has also chipped in. The Imphal-Moreh project is being funded by the Asian Development Bank (ADB), considering it is the link between India and Myanmar.
 
Emphasising that projects in the remaining northeastern states will be started within months, Anand Kumar, a 1984 Kerala batch IAS officer, said that there are several projects for four-lane roads, including the NH-39 that connects Dimapur and Kohima - considered Nagaland's main business route which is in a pathetic state during the monsoon.
 
"It is not an easy geographical area to work in, with undulating terrain and geological surprises. We try our best and, most importantly, after each road and highway is constructed by the local contractors, to whom we give out the work, our engineers do the quality check and if found below standards, we take the necessary action against them," he said.
 
Anand Kumar admitted that land acquisition and forest clearance are emerging as one of the prime factors in road construction in Assam and Meghalaya. "We are taking it up with the forest ministry and are soon likely to see an end to the problem."
 
He also emphasised on seven key strategies that NHIDCL follows, including use of e-tools through which bidding for tenders is done online. Existing procedures and processes are also being revisited to effectively monitor road construction and prevent graft.
 
Other strategies include continuous capacity building, use of new and appropriate technologies, creation of a scientific and innovative temper, speedy dispute resolution mechanism and regular consultation with stakeholders.
 
Disclaimer: Information, facts or opinions expressed in this news article are presented as sourced from IANS and do not reflect views of Moneylife and hence Moneylife is not responsible or liable for the same. As a source and news provider, IANS is responsible for accuracy, completeness, suitability and validity of any information in this article.

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