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Maldives takes over airport operations from GMR

Maldives' state-run MACL on Friday night took over the operations of the Male international airport from GMR after the Indian infrastructure major lost a week-long legal battle over the......

Maldives to go on with airport takeover; India warns

The Maldives government is going ahead with its plan to take full control of Male airport after ousting India's GMR even as New Delhi warned that arbitrary and coercive action without waiting for......

Jindal, Adani Power, GMR come under govt scanner

The move comes in the midst of a court battle between the Naveen Jindal-promoted Jindal Power and the government. The government was planning to refer the bids placed by Jindal Power, Adani Power......

Reliance Cement bags coal block at e-auction, Birlas lose theirs to GMR

The first day of the coal block e-auction was dramatic in more ways than one. It started with a zero-rupee reverse bid for the Talabira-I coal block kept for the power sector at a reserve price of......

GMR claims $803 mn for termination of Male Airport contract

GMR Male' International Airport Private Limited (GMIAL), a subsidiary of GMR Infrastructure Limited (GMR), has claimed $803 million (around Rs 4,987 crore) from the Maldivian government for......

GMR consortium to run Philippines airport

GMR-Megawide consortium is set to takeover operations of Mactan-Cebu International Airport in the Philippines from Friday midnight tonight, a senior official of the Indian infra major said. "The......

Modi's $1-bn loan to help Indian infra cos in Nepal

GMR, Tata, Jindal will set up hydro projects in Nepal, sell power to IndiaThe Modi government's $1 billion worth concessional loans to help build power plants and roads in Nepal will be a big help......

Rahman to perform in Hyderabad

Oscar-winner A R Rahman is all set to rock Hyderabad on October 24. According to a GMR Hyderabad International Airport release, over 50,000 people are expected to attend Rahman's Jai Ho concert at......

GMR deny IT raid at its Delhi office

The Income Tax department on Thursday carried out a raid at the Delhi Daredevil office owned by conglomerate GMR in connection with the IPL probe.The IT sleuths reached the Barakhamba Road office......
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High taxes and poor infrastructure take toll on business jets in India

MUMBAI: Business jets seem to be losing shine as corporate trophies, largely because they are costly headaches to maintain. India's fleet of such... ...
Re-denominated overseas debt to help companies avoid currency risks; $6 billion expected to be raised soon

MUMBAI: A number of infrastructure companies, including some major private players, are looking to sell masala bonds, as they seek to reduce the... ...
Revival package for discom lights up power sector stocks

Following announcement of the Ujwal Discom Assurance Yojana (UDAY) — a package announced by the government to improve the health of State... ...
Hindujas get ABLS lifetime achievement award in Dubai

The Hinduja brothers have been honoured with the prestigious Lifetime Achivement Award of the 6th Asian Business Leadership Forum in Dubai, an... ...
Smart Manufacturing Center in Telangana

Niti Aayog working on DPR to set up Center for Excellence in Smart Manufacturing Telangana State to finalize Defence Policy shortly & incorporate... ...

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