GMR, Adani, Reliance Infra in race for 2 railway stations development in Andhra Pradesh; to be built under DBFOT model
The pre-bid meeting comes after RLDA floated an RFP inviting bids for the selection of a suitable public or private entity for re-development of Nellore and Tirupati railway stations.
GMR Infra shares soar over 12% after CCI gives approval for group's proposed 49% stake sale in its airport business
Shares of GMR Infrastructure on Monday surged over 12 percent after the CCI gave approval for the GMR group's proposed 49 percent stake sale in its airport business to France's Groupe ADP
Amity University confers honorary doctorates on industrialists Ratan Tata and GM Rao during annual convocation ceremony
Industrialists Ratan Tata and GM Rao were conferred honorary doctorates on Thursday by a private university in Noida.
Pro Kabaddi 2019: GMR League Games CEO Col Vinod Kumar Bisht lauds youth academies, New Young Players programme for sport's renaissance
Col Vijay Bisht was of the opinion that with the coming of the Pro Kabaddi League, technical aspects of the sport, including strength and conditioning, are permeating to the villages and amongst aspiring Kabaddi players
Adani Airports Ltd is incorporated in India and registered with the Registrar of Companies at Ahmedabad in Gujarat on 2 August.
Maldives not to press for income tax, fines of over $20 mn from GMR on Male airport contract compensation
In a statement issued on 23 May, the Maldivian Attorney Generals Office has said no sum will be imposed on GMR by the Maldives Inland Revenue Authority on the final award sum in respect of taxes.
The Adani group is marking its entry into the airports space after bagging a 50-year contract for operation, management and development of airports
Adani Group makes offer to buyout 23.5% stake in Mumbai airport as South African partners in JV keen to exit
Adani Group has also bid to operate six non-metro airports that are currently under AAI's management.
The meeting will deliberate on the challenges confronting the ATT sectors and the key takeaways should help in potential policy reforms for these industries.
The team is being coached by former national player Jasvir Singh. Jasvir is a former Asian Games Gold medallist and was a part of the national squad that won the World Cup in 2016.
The group has already sold part of its power transmission business and lenders converted part of their debt into equity in two of GMR's power plants last year
The contract award comes decades after the state government first mooted the project.
GMR Group today said it has won an international arbitration against the Maldives government and has been awarded USD 270 million as compensation from the island nation after its contract to build an international airport in Male was arbitrary cancelled.
Group is planning to reduce its corporate debt by 20-30% over the next one-and-a-half years
The National Capital Region may have a second airport with the Civil Aviation Ministry on Thursday clearing a proposal in this regard to ease the burden on the Indira Gandhi International Airport, which handled over 40 million passengers last fiscal.
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).
Why isn't India marshalling its 'economic diplomacy' clout in defence of its businesses, in the way that other world leaders do?
<br /><br /> In June, Fraport had said they would be quitting the country due to policy and project delays and would also be shutting its development office.