
Air cargo
MUMBAI: The Swiss Air group and Panalpina have concluded an agreement to provide new joint services in the air cargo transport field. Under the terms of the accord, the partners will co-found Swiss Global Cargo8217;, the first-ever air cargo company to provide fully-integrated door-to-door airfreight services with time-definite guarantees and no weight restrictions specifically designed for particular customer groups. The new company will be 55 per cent owned by Panalpina and 45-per-cent by the SAirLogistics.
Thomas Cook
MUMBAI: Thomas Cook India Limited, the leading travel and financial services company has been awarded the prestigious 1999 TTG Annual Travel Award for the Best Travel Agency 8211; India. It was voted the best in the field by suppliers and industry leaders around the Asia-Pacific region and by 35,000 readers of TTG Asia amp; Travel Week Australia.
Canara Bank
MUMBAI: The foundation stone laying ceremony for the proposed new circle office building of CanaraBank, Mumbai city circle was held on April 30, 1999. Proposed to be constructed on a sprawling area in the Bandra Kurla Complex, the foundation stone was laid by Canara Bank chairman amp; managing director T R Sridharan.
ABB order
MUMBAI: ABB has received an order from the Gas Authority of India GAIL Ltd through its main contractors, Engineers India Ltd, for the terminal automation system TAS for liquefied petroleum gas LPG, propane and natural gasolene NGL at Auraiya LPG recovery site on HBJ pipeline against stiff competition from Cegelec and Advanced Spectra 8211; Tek.