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GMR consortium gets $525 mn loan for Philippines airport

Dec 22, 2014

GMR consortium gets $525 mn loan for Philippines airport

GMR Megawide Cebu Airport Corporation (GMCAC), a joint venture of GMR group and Manila-based Megawide Construction, has tied up the finances to the tune of nearly $525 million for Mactan Cebu International Airport contract in Philippines, the company said today. #GMR #philippines airport #GMR-Megawide #Megawide Construction #GMR Megawide Cebu Airport Corporation
Domestic terminal at Hyderabad airport named after TDP founder NTR

Nov 21, 2014

Domestic terminal at Hyderabad airport named after TDP founder NTR

The Union Civil Aviation Ministry on Thursday issued an order naming the domestic terminal at the Rajiv Gandhi International Airport (RGIA), Hyderabad, after NT Rama Rao, the founder of the Telugu Desam Party, the ruling party of Andhra Pradesh. #Politics #India #Hyderabad #GMR #Telugu Desam Party #NT Rama Rao #Begumpet
India lifts ban on A380, but global airlines unlikely to bite the bait now

Jan 27, 2014

India lifts ban on A380, but global airlines unlikely to bite the bait now

India today allowed operation of the world's largest aircraft, Airbus 380, at four of its airports but imposed several conditions before global airlines can fly in the big birds. But global airlines are unlikely to rush in. Till now, the Government has been resisting A380 landings into the country. #Aviation #DGCA #GMR #GVK #Singapore Airlines #Emirates #Air Service Agreement #Airbus 380
Maldives, GMR in talks for out of court settlement over scrapped airport project

Jan 02, 2014

Maldives, GMR in talks for out of court settlement over scrapped airport project

The GMR project worth over USD 500 million was scrapped unilaterally 14 months back by Maldivian government which was then headed by Mohamed Waheed after lot of political domestic pressure to do so. #Manmohan Singh #NewsTracker #Maldives #GMR #airport #Mohamed Waheed #Male #Abdulla Yameen
Apollo-Cooper deal fallout sows doubt on future India M&A

Dec 31, 2013

Apollo-Cooper deal fallout sows doubt on future India M&A

India Inc's overseas ambitions rose along with China's roughly 10 years ago as the two countries courted growth outside their own economies. #M&A #China #Tata Motors #NewsTracker #Jaguar Land Rover #GVK Power #GMR #Apollo Tyres #India Inc #Ford Motor #Cooper Tire and Rubber Co
MAHB buys out GMR's stake in Istanbul airport for Rs 1900 cr

Dec 31, 2013

MAHB buys out GMR's stake in Istanbul airport for Rs 1900 cr

Earlier in March 2013, the Group had divested its stakes in GMR Energy (Singapore) Pte Ltd. The divestment of these two assets is estimated to release around Rs 3,500 crore of capital, simultaneously reducing an estimated Rs 5,000 crore of debt. #NewsTracker #GMR #Istanbul #airport #MAHB #ALAR #Rothschild Private Limited
IATA chief blames high airport fees for choking domestic aviation

Dec 29, 2013

IATA chief blames high airport fees for choking domestic aviation

High taxes on the jet fuel, which goes up as high as 40 percent in some states, coupled with higher airport charges in the form of user-development and airport development fees jack up air fares. These have had a negative impact on the passenger demand in the country. #TheySaidIt #IATA #airlines #AirAsia #DGCA #GMR #Jet #GVK #airport #Singapore Airlines #AERA #Etihad
Cabinet allows more coal supply to power firms facing green woes

Dec 26, 2013

Cabinet allows more coal supply to power firms facing green woes

Power plants, whose mines are not developed in the absence of environmental clearances, get coal supply for three years as per the Tapering Coal Linkage Policy. #Business #Economy #PolicyWatch #Cabinet Committee on Economic Affairs #Sterlite #GMR #coal supply #Tapering Coal Linkage Policy
MAHB plans to buy GMR's 40% stake in Turkish Airport

Dec 25, 2013

MAHB plans to buy GMR's 40% stake in Turkish Airport

Malaysia Airports Holdings Berhad plans to buy the entire 40 percent stake of Indian firm GMR Infrastructure Ltd in Istanbul's Sabiha Gokcen International Airport project for 225 million euro (over Rs 1,900 crore). #CompanyWatch #GMR #Istanbul #GMR Group #Malaysia Airport #MAHB
Shares choppy ahead of expiry; Sensex ends down marginally

Dec 24, 2013

Shares choppy ahead of expiry; Sensex ends down marginally

The muted trading activities can be attributed to the holiday season which brings the US and Europe to a standstill. The uptrend was seen to continue in a day seen by many as one of consolidation. #Sensex #nifty #Morgan Stanley #HDFC #GMR #Apollo Tyres #MarketClose