Showing posts with label Mumbai. Show all posts
Showing posts with label Mumbai. Show all posts

28 January 2011

Bank of Ceylon to Open a Branch in Mumbai, the Financial Hub of India

27th January 2011, www.news360.lk

Bank of Ceylon is planning to open up a branch in Mumbai to capture a slice out of the cities growing financial market.

A Senior Official of the Bank said “Mumbai is the financial hub of India and we want to be there”.

He added having a presence in the City of Mumbai which has a population of 14 million and a sound banking system with the presence of Global financial firms is vital for the BOC.

The Bank believes the presence in India’s Commercial capital is important in the longer run.

Apart from the Mumbai Branch, BOC is also planning to open another 2 branches in Tutricorin and Rameshwaram.

The Official added, Tutricorin is important for BOC as the proposed ferry service between Colombo and Tutricorin is expected to generate lot of trade activities between the 2 nations.

A Branch in Rameshwaram aims to target the Sri Lankan’s living there.

BOC already operates a branch in Chennai, which the official added has brought in lot of businesses to the Bank.

“Lot of imports from Chennai is reaching Colombo Fort on a regular basis” added the Bank Official.

This has resulted in the Banks Chennai units Trade Finance business growing.

According to the Indian Banking regulation, opening up of a branch in India needs US$ 25 million as capital requirement.

Related Info :
Bank of Ceylon Establishes a Fully Fledged Investment Banking Arm

20 October 2010

SriLankan Airlines Add more Flights to India

19th October 2010, www.lankabusinessonline.com

SriLankan Airlines plans to improve connections to major Indian cities by adding several flights to Mumbai, Chennai and Bangalore, a statement said.

The island's national carrier, one of the largest overseas operators into India, will add three more flights a week to Mumbai, and one more to both Chennai and Bangalore, starting December 01.

“We are expanding our operations to India," SriLankan’s Head of Worldwide Sales Mohamed Fazeel said.

"Our aim is to provide several flights a day to all major cities there to allow travellers to choose which time of day they would prefer to fly.

"We intend to add additional flights on each route wherever possible next year.”

SriLankan also recently announced that it will be acquiring seven more aircraft by the end of 2011, including five Airbus A320s that would serve Indian destinations.

December’s additional flights would bring the Mumbai service up to 10 flights a week from the earlier daily frequency.

The additional flights would be on Monday, Thursday and Saturday.

SriLankan Airlines’ service to Chennai would rise to 15 flights a week, with three on Friday, and two on all other days.

Morning flights to Chennai depart Colombo at 7:30 a.m. and arrive at 8:50 a.m. Departure from Chennai is at 10:30 a.m, arriving in Colombo at 11:50 a.m.

Evening flights leave Colombo at 6:35 p.m, arriving in Chennai at 7:55 p.m. The return flight departs Chennai at 8:55 p.m. and touches down in Colombo at 10:15 p.m.

Friday’s third flight leaves Colombo at 12:50 p.m., and arrives in Chennai at 2:10 p.m. It leaves Chennai at 3:10 p.m, and arrives back in Colombo at 4:20 p.m.

Flights to Mumbai depart Colombo daily at midnight and reach their destination at 2:20 a.m. The return flight leaves Mumbai at 3:20 a.m. and arrives in Colombo at 5:40 a.m.

The additional three flights on Monday, Thursday and Saturday are in the evenings, departing Colombo at 4 p.m. and touching down in Mumbai at 6:20 p.m. They leave Mumbai at 7:10 p.m. and arrive back in Colombo at 9:40 p.m.

The additional flight to Bangalore would bring it up to a daily frequency.

SriLankan Airlines also has seven flights a week to New Delhi, seven to Trivandrum and 10 to Trichy.

"India is also one of the most popular destinations among Sri Lankan travellers, for everything from leisure to business and studies," the airline statement said.

"Large numbers of businessmen from both countries travel to and fro daily, with India being one of Sri Lanka’s largest trading partners."

Indian visitors make up the largest tourist segment to Sri Lanka, where the tourism industry has been booming since a 30-year war ended in May 2009.

In the first nine months of 2010, a total of 82,342 Indian travellers visited Sri Lanka, a 49 percent increase from the same period in 2009.

The airline said it is also re-launching its domestic service, SriLankan Air Taxi, in November 2010, which would enable visitors to reach any part of the island within an hour.

Also, large numbers of Indian travellers transit Colombo to destinations as far as North America, Europe and the Far East, as well as nearer regions such as the Middle East and Southeast Asia.

31 January 2010

Incredible Offers from SriLankan Airline on 62nd Independence. Only 62% of the Fare of Packages to a Range of Destinations.

27th January 2010, www.thebottomline.lk

As the whole of Sri Lanka celebrates the 62nd anniversary of Independence this year, so does SriLankan Airlines, joining into celebrate this joyous occasion with everyone born during that epoch making year, 1948.

It was the year when Ceylon gained freedom from the colonial yoke and a fledgling nation was born. This was a nation full of hope and promise with dreams of a glorious future.

If you were born in 1948, well then it’s celebration time with the “Incredible 62 Independence Extravaganza” from SriLankan Airlines.

All you need to do is to pay only 62% of the current fare of all outbound packages to a range of destinations. And mind you, this includes economy class return airfare, two night accommodation on twin sharing basis on bed and breakfast with return airport transfers.

All yours to choose from Bangalore (Rs.16,119), Chennai (Rs.13,019), New Delhi (Rs.24,799), Mumbai (Rs.27,279), Bangkok (Rs.26,039), Beijing (Rs.49,599), Hong Kong (Rs.47,119), Kuala Lumpur Special (Rs.24,179), Kuala Lumpur (Rs.29,139), Singapore Special (Rs.27,899), Singapore (Rs.31,619), Maldives (Rs.37,819) and Dubai (Rs.42,159).

Do bear in mind that ticketing has to be completed prior to February 4 with travel valid until March 31, 2010.

“You don’t have to be born in 1948 to enjoy this offer. You can go a step further and treat your parents, an old school teacher, an uncle, aunt or any special person celebrating his or her 62nd birthday this year,” said General Manager SriLankan Holidays Amith Sumanapala.

What better way to show your love and affection than with this special Independence cum birthday offer. For details call the SriLankan Holidays Office, your nearest travel agent or call us on +94 (0) 1 9733 3838.

Bon voyage and happy birthday with ‘Incredible 62 Independence Extravaganza’ from SriLankan Airlines.