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 Cargo', 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 - 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 & 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 & 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 - Tek.