Business News Archive - September 21, 2008

HYDERABAD: Expressing unhappiness over the deteriorating condition of the facilities at Begumpet airport after the operations were shifted to Rajiv Gandhi International airport at Shamshabad, the Parliamentary standing committee on transport and tourism decided to once again write to the civil aviation ministry to reopen the airport.

Allegheny County and its Airport Authority hope to have a plan in about a month on how they would spend revenue from gas drilling on 9,300 acres of land the authority manages, county Chief Executive Dan Onorato said Friday.

BANGALORE: The government has set up a joint legislature committee to look into allegations that Bengaluru International Airport (BIA) is not a world-class airport.

By Neha Lalchandani NEW DELHI: After experiencing several delays, the new runway at Delhi's IGI airport is now likely to be opened on September 25.

By Saurabh Sinha NEW DELHI: Better late than never. Faulty location of an underground oil tanker has made IGI Airport's domestic side a tinderbox for years.

Text of report in English by official Chinese news agency Xinhua (New China News Agency) ZHENGZHOU, 21 September: At least 31 people have been confirmed dead and nine others missing in a coal mine gas outburst in central China's Henan Province early on Sunday.

RETIREMENT FUNDS Only one in four people are confident that their pension will provide enough income in their retirement, according to a new report.

BANGALORE: Following the government's decision to make installation of speed governors mandatory in all commercial vehicles before September-end, the Federation of Karnataka State Lorry Owners and Agents Association has called for an indefinite strike of trucks carrying construction material from Saturday.

By Nimish Shukla AHMEDABAD: Deepening worries over global financial markets have sparked off a gold rush. In the last 24 hours, gold prices in the international markets recorded a historic 12 per cent jump of $110 per ounce to settle at around $890 on Thursday evening.

By Nimish Shukla MUMBAI: The lustre of gold did not last more than 24 hours with the prices of the yellow metal nose diving over 6% on Friday as the worries over global financial markets eased after a slew of measures announced by leading economies.

Word of the Day
  • The horn of a unicorn considered as a medical or pharmacological ingredient.
  • A winged horse with a single horn on its head; a winged unicorn.
The word 'alicorn' comes from Italian alicorno, already associated with unicorns and reinterpreted, popularized by Bearing an Hourglass (1984) and other fantasy novels by Piers Anthony.