The change in leadership at the railway ministry comes at a time when the national transporter is grappling with low passenger earnings even as it is trying to increase freight loading and open up its doors to private investment. Union Minister Ashwini Vaishnaw took charge from Piyush Goyal who got the railway portfolio in 2017 after Prime Minister Narendra Modii dropped Suresh Prabhu from the Union Cabinet. Completing freight corridors, negotiating land for the bullet train, and speeding up monetisation plans would be some of the major focus areas for Vaishnaw.
The 10 teams in the league will be bidding heavily for the Indian players in a list of 590 cricketer
The quantum of punishment is expected to be pronounced on May 5 by the court.
Visitors from 11 countries will be eligible to get a VoA from May 31 at Rajiv Gandhi International Airport, GMR said.
Samridhi Bhardwaj analyses the dynamics of duty-free liquor allowance in India.
Two years after it handed over the Male International Airport's operations to Indian infrastructure major GMR, the Maldives' state-run MACL was back at the helm on Saturday.
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 the outcome of legal proceedings on the issue would have adverse consequences for bilateral relations.
Adani Airports is planning to centre its airport business around Mumbai and Ahmedabad by developing them as gateway airports, feeding them with traffic from other airports in the company's portfolio. The Ahmedabad-based conglomerate - with investments in logistics, transportation, utilities and energy - intends to spend Rs 35,000 crore in the airport business in the next five years. This forms the bulk of the conglomerate's total capex of Rs 50,000 crore. According to a presentation given by the company in an investor call with Bank of America, gateway airports of Mumbai and Ahmedabad will be connected with the feeder airports of Lucknow, Guwahati, Trivandrum, Jaipur and Mangalore.
On April 20, the Special Magistrate Court had convicted Mallya and others, in connection with bouncing of two cheques of Rs 50 lakh each
The Rajiv Gandhi International Airport, which is being developed by GMR on the outskirts of Hyderabad, will be the first greenfield public-private partnership (PPP) airport to be operational in March 16.
SBI Capital, Axis Capital, GMR Holdings, United Breweries, Alpic Finance (a Cipla group unit), Saradha Realty, United Bank of India and Trident India are among the prominent entities named in the list.
GMR's team will be based in Johannesburg with young Protea paceman Kagiso Rabada as its marquee player while Khan's outfit will be based in Cape Town with left-handed batsman JP Duminy as the marquee player.
GMR Infrastructure has awarded the contract for managing the automated parking management system at Hyderabad Airport to Malaysia-based Tenaga Group.
Adani said he expected the number of flyers in the country to grow five-fold, which means India would require 200 additional airports to handle over 1 billion domestic and international passengers across the tier-1, -2 and -3 cities.
Temperature screening will be done by CISF with automated thermal cameras at all terminal entry points with provision of social distancing markers. Automatic hand sanitizer dispensers at terminal entry points have also been placed, sources said.
GMR Hyderabad International Airport Limited (GHIAL), promoted by the GMR Group, has devised a three-pronged strategy to improve its revenues in the wake of a dip in the real estate market here, sources close to the development said.
GM Rao has been quite active in philanthropic activities for quite some time through GMR Varalakshmi Foundation.
Indian Railway Catering and Tourism Corporation (IRCTC), the Indian Railways' wholly-owned listed subsidiary, is eyeing partnerships to offset recurring costs incurred in train operations, which is part of its two-year-old diversification from core catering and ticketing businesses. To this end, it is courting public sector undertakings such as Bharat Heavy Electricals (BHEL) and others to create a special purpose vehicle for the routes for which IRCTC has bid. The Railway ministry opened bids for public private partnerships in passenger train operations in July 2021 and received bids to operate 29 pairs of trains with around 40 modern rakes that would entail an investment of Rs 7,200 crore.
GMR-led Delhi Airport had accepted the government's request to shift UDAN flights to Hindon Air Force Base, but airlines say poor last mile connectivity will have to be dealt with first before starting operations
The survey, conducted by non-profit organisation Catalyst in 2013, covers 5,977 companies in 44 countries and draws on work done by GMR Ratings.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
Strangely, a few days after filing the charges, the CBI teams arrived in Hyderabad and Mumbai to raid GVK's offices and found incriminating evidence, a reversal of the normal course of events.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
India story, pressure to invest are driving spurt in PE activity.
Dashing opener Virender Sehwag has stepped down as captain of Indian Premier League team Delhi Daredevils. Gautam Gambhir was named his replacement, and will lead the side in next month's Champions League Twenty20. Dinesh Karthik will be Gambhir's deputy.
Before the pandemic hit the world and led to shutdowns, the company had received nearly half a dozen offers. But bidders are now withdrawing. They want to reassess the situation. They want to conserve cash and avoid acquisition.
The latest to join the list of projects that have achieved financial closure are two power projects -- 1,050 Mw GMR Kamalanga Energy of GMR Energy coming up at Dhenkanal in Orissa and the second phase 300 Mw Rosa power project in Uttar Pradesh promoted by Reliance Power. Experts said financial closure for another Rs 100,000 crore worth of projects are likely to be achieved in this calendar year, mainly from the power and infrastructure sector.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
"The levy of UDF has become necessary in view of the huge investments made by the GMR-led consortium for creating the world class facilities for the passengers who use the greenfield airport," GMR HIAL Chief Commercial Officer Viswanath Attaluri said. The company has developed the first phase of the airport with an investment of Rs 2,478 crore (Rs 24.78 billion).
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
Private airport developers under the public-private partnership model will not be able to get additional contracts in and around the airport that are part of the original project by merely matching the lowest bidder without participating in the bidding process.
Slots, parking bays unavailable at major airports
Even after getting the civil aviation ministry's nod to levy user development fee on international passengers, the GMR group-promoted Hyderabad airport has decided not to impose the levy for at least a month. GMR has already decided to exempt domestic passengers for the time being. "We have decided to let issues like groundhandling charges stabilise before taking a call," said a Hyderabad airport executive.
The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
After the playing ground and television, the marketing of the DLF Indian Premier League has moved to cyberspace. Some of the teams have drawn up plans to beef up their web presence with new interactive features. GMR Holding's Delhi Daredevils team plans to introduce a 3D interactive feature on its portal for e-learning in sports.
In a development that could speed up the about Rs 9,000 crore (Rs 90 billion) Delhi Airport modernisation work, the Attorney General has supported project promoter GMR Group's plan to take advances from commercial developers. The report may help Delhi International Airport Ltd) achieve financial closure for the Rs 8,900 crore (Rs 89 billion) project for which the company has proposed to raise Rs 3,144 crore (Rs 31.44 billion) by way of trade advances and deposits.
The airports run by leading private operators GMR and GVK, especially those in Delhi and Mumbai, are turning out to be cash cows for the government.
Australian fast bowling great Dennis Lillee on Wednesday joined Delhi Daredevils, the Delhi Indian Premier League team owned by GMR Sports. "It feels great to be a part of GMR Sports and Delhi Daredevils. I've known many of the young players in the Delhi Daredevils squad and am naturally delighted to be part of this team," he said.
Rajiv Gandhi International Airport, Hyderabad, launches a special initiative to help passengers with special needs.
Wipro Group chairman Azim Premji, who attended an event organised by an Rashtriya Swayamsevak Sangh body near Delhi on Sunday, said his presence did not mean that he endorsed the view of the forum.
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