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Sensex erases gains, hits four-month low; GMR Infra up 10%
The Indian equity markets hit a four-month low on the political impasse in the country despite positive global cues. Sensex closed at 18681.42, down 0.29 percent and the Nifty closed at 5633.85, down 0.31 percent. #Sensex #coal india #HUL #GMR #MarketClose
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Sensex closes at three-month high; banks lead rally on rate cut hopes
The Indian equity markets rebounded with a steep rise, accelerated by global investor sentiment and a strong rate-cut hope. #Sensex #nifty #Tata Motors #DLF #RIL #GMR #MarketClose
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GMR goes asset light, sells 70% stake in GMRE Singapore for Rs 2,907 cr
The transaction is subject to approval from project finance lenders to GMRE, it said, adding, "the sale translates to an enterprise value (100 per cent basis) for GMRE of SGD 1,612 million on project completion by end 2013". #DealStream #Singapore #stake sale #GMR #GMR Energy
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Nasheed gives India a second chance to correct diplomacy
A year ago, India backed the wrong horse in Maldives - and was repaid with a resounding slap. #diplomacy #Maldives #GMR Infrastructure Ltd #Mohamed Nasheed #Mohammed Waheed
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GMR Infra gets Rs 415 cr airport dues from Air India
Of this, Rs 340 crore payment has been made for user development fee (UDF), airport development fee (ADF) and landing and parking charges at the Delhi International Airport, while Rs 75 crore payment was made for usage of similar facilities at the Hyderabad International Airport. #air india #UDF #GMR Infrastructure #ADF #Outstanding dues
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Air India clears major dues at Delhi, Hyderabad airports
The national carrier paid the first tranche of Rs 106 crore in December last year, which was followed by the second tranche of Rs 415 crore. #air india #NewsTracker #GMR
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GMR-NHAI row: It's not about clearances but greed
While the cancellation of India's first mega project led to a blamegame between NHAI and the Ministry of Environment and Forests (MOEF), overbidding for PPP projects where the contractor overcommits annuity payments to the government may be the real reason for the pullout. #ConnectTheDots #NHAI #GMR #highways #road projects
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Funding crunch not regulatory hurdles is reason for GMR, GVK exits: NHAI
Arranging huge private equity is a major problem as the two players are financially over-leveraged said National Highways Authority of India chief R P Singh #FaceOff #NHAI #GMR #GVK
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Markets open in green; Infosys up 10% on strong Q3 numbers
The Indian equity markets opened in the green tracking global positive cues. #Infosys #Kingfisher Airlines #MarketOpen #GMR Infrastructure
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NHAI, environment ministry spar over GMR project termination
The termination of a highway project by GMR Infrastructure has snowballed into a war of words between the National Highways Authority (NHAI) and the Ministry of Environment and Forest (MoEF). #Environment Ministry #NHAI #GMR Infra