GM Rao has been quite active in philanthropic activities for quite some time through GMR Varalakshmi Foundation.
Brave statements such as we will continue to be the fastest growing large country are of no consolation, because the direction of trade also determines the flow of investment, points out M Govinda Rao.
Bengaluru-based GMR Infrastructure bought 50 per cent of InterGen in 2008 for USD 1.1 billion from a fund owned by American International Group Inc.
25% each in the holding company to give them indirect control of 17.5% each in GMR Infra
Industry is of the view that rising interest rates is increasing the input cost as loans are getting costlier.
Asks India Inc for a list of concerns in 4 weeks, to coordinate policy response within 60 days; FM says prevailing cynicism based on perception, not facts.
GMR Group is currently investing Rs 20,000 crore to expand the existing airports and developing new aerodromes, GM Rao, chairman of the infra major has said. "Airport Development and Construction: GMR Group has set benchmarks for development of world class Airport infrastructure... Your company is currently investing approximately Rs 20,000 crore to expand the existing airports and develop new Aairports," he said in the group's latest annual report. GMR's airport business comprises four operating airports - Indira Gandhi International Airport, Delhi, Rajiv Gandhi International Airport, Hyderabad, Bidar Airport at Karnataka and Mactan Cebu International Airport in the Philippines.
Local youngster Prasanna Rao, an International Master, surprisingly held top seed Aleksandrov Aleksey of Belarus to a draw in the fourth round of the 4th Mayor's Cup International Chess Tournament on Sunday.
In mid-March this year, the finance ministry asked state-run banks to review their gold loan portfolio for the two-year period between January 1, 2022, and January 31, 2024. This business had grown at a fast clip. Reserve Bank of India (RBI) data has it that it grew 15 per cent to Rs 1 trillion in FY24. Now, in recent times, any kind of exuberance in financial services has seen the authorities swoop down - be it pushing the lines on governance or unsecured credit.
Nissan and Renault say they will compete with new models, especially small cars, and by growing their dealer network.
GMR Infrastructure is part of a consortium led by Philippines-based construction company Megawide Construction which submitted a bid of 14.4 billion Philippine pesos or around $326 million.
Two Indian Premier League team owners on Tuesday floated the idea of having next edition's players' auction in England
Deepa Gahlot picks 10 Web series that was worth the viewer's while.
Gold prices are struggling and are down 18 per cent from their March highs. But stock prices have fallen even more. As a result, the precious metal has begun to outperform equities - both in the domestic market and international markets. Gold prices are up 2.6 per cent in the domestic market in the current calendar year (CY22) so far, according to the World Gold Council (WGC), compared to a 1.7 per cent decline in the Sensex year-to-date (YTD).
The ad is one more illustration of the way Maharashtra's new Shinde-Fadnavis government has been milking the Ganpati festival, with CM Eknath Shinde visiting Ganpati Mandals all day these last 10 days.
BCCI has approved 10-team IPL from 2022 edition and are backing ICC's bid for cricket's inclusion in 2028 Olympics after some clarifications from IOC.
Besides their country of origin, General Motors, Ford Motor and Harley-Davidson have another trait in common: all three have failed in India, the world's fifth largest automobile market. All three of them took a tough call to de-prioritise India as a market amid disruption from heightened regulations and sharper focus on capital allocation by the parent.
This makes him corporate India's biggest donor to society.
You also avoid capital gains tax during redemption in case the gold price is higher, making them tax efficient.
The Serb set up the breakaway PTPA on the eve of the US Open in September and resigned as head of the player council but last month he confirmed that he had been nominated by his fellow professionals for the current elections which he accepted.
Infra major's entry could queer the pitch for Jaypee and Hindustan Semiconductor.
GM is already in our food chain for years. The approval for indigenous GM mustard should put fake fear-mongering to rest, says Shekhar Gupta
Grandmaster S S Ganguly trounced teammate T S Ravi to record his fifth victory in a row at the 41st National 'A' Chess Championship.
A summary of sports events and persons who made news on Sunday
Rediff.com's Ashish Narsale brings you glimpses of OnePlus's massive new R&D centre in India.
Padmini Rout has 6.5 points, one behind the leader, Sarasadat Khademalsharieh, in the girls' section at the World Junior Chess Championships in Pune.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The agency on Monday questioned three general managers of the Punjab National Bank who have handled the -International Banking Division and Treasury department of the bank, officials said without revealing their identity.
Bhargava is a pioneer in the field of biotechnology in the country.
'People like me worry about our next meal, not about what meat we eat... and we certainly don't have the luxury that you have, of holding vigils for faceless people we've never known.'
Telangana will have to wait a while before it finds a representation in the Narendra Modi cabinet.
The Rashtrapati Bhavan has come out with a communiqu announcing distribution of portfolios of the ministers sworn-in on Monday in Prime Minister Narendra Modi's council of ministers:
'When it vanishes as a national force (meaning when it can no longer get sufficient votes to hold onto its symbol, the hand) it will not have been the first large Indian party to die,' says Aakar Patel.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
China's Lu Shanglei and Wei Yi emphatically exhibited their rising chess prowess with convincing victories over Russians Vladimir Fedoseev, the top seed, and Mikhail Antipov, in the 10th round of the World Junior Chess Championships at Hotel Hyatt, in Pune, on Thursday. The victories ensured that the Chinese maintained joint-leader status with eight points each.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers's queries on stocks they own or want to buy.
Bansal has been named as the 39th prosecution witness in the case in which Singla, the then Member (Staff) of Railway Board Mahesh Kumar and eight others have been chargesheeted for the offence of criminal conspiracy under the IPC and relevant provisions of the Prevention of Corruption Act.
