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.
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.
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.
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.
Slots, parking bays unavailable at major airports
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.
UK-based Alpha Airports and Future Group's Pantaloon Retail have won a contract valued at Rs 500 crore (Rs 5 billion) to set up duty-free shops at Indira Gandhi International Airport in New Delhi.
GMR, which is leading a joint venture to modernise the Delhi airport, on Tuesday said it would construct a fourth runway here to cater to a projected 37 million passengers.
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.
The new terminal, to be made operational by 2010 as part of phase one of modernisation, will augment the airport's passenger handling capacity from the present 16.24 million per annum to 37 million per annum.
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.
Rajiv Gandhi International Airport, Hyderabad, launches a special initiative to help passengers with special needs.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The ones chosen for operation, management and development through a public-private partnership model are Lucknow, Ahmedabad, Jaipur, Mangaluru, Thiruvananthapuram, and Guwahati.
The Bench while declining to stay the reported agreement recalled its own order that any action taken in this regard would be subject to the court's final decision on the tender controversy.\n\n
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.
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.
'Agreements signed between the Maldives and China have seriously worried India.'
The cricket icon is a co-owner of the Chennai franchise, one of the new teams added to the sport league
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India's billionaires are pledging a decent amount of their wealth for the welfare of society.
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The GMR group-run Delhi and Hyderabad airports have not only been gleaming examples of successful public-private partnerships, but they are also among the country's favourites.
A colourful skyline and hundreds of kites soaring across various parts of the city marked an innovative launch of Delhi Daredevils' new look and new journey ahead of the seventh edition of the Indian Premier League.
Ajit Mishra, vice president, research, Religare Broking, answers your queries.
India's civil nuclear liability regime has raised serious questions about the country's capacity addition programme. In an interview with Sanjay Jog, G R Srinivasan, former vice-chairman of the Atomic Energy Regulatory Board and currently principal associate-nuclear power business in GMR Energy Ltd, says the regime is tremendously unbalanced and may adversely affect the nuclear capacity addition programme.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
After GMR Infrastructure pulled out of the Ahmedabad-Kishangarh highway project, there were reports that delays in getting green clearance was one of the reasons behind the infrastructure firm's decision.
Flying out of Delhi would become cheaper from Tuesday, with the development fee (DF) charged by the operator of IGI airport here being reduced by Rs 100for domestic and Rs 700 per international passenger.
Mallya is understood to be in the UK after he left India on March 2.
Bilateral investment treaties can adversely impact policy space for governments
Maldives will go ahead with the transfer as scheduled, said Press Secretary Masood Imad.
A case has been filed against the airline in Nampally criminal courts in Hyderabad.
Global businesses still believe that India consumption story is intact despite the slowdown of the past couple of years.
GMR, GVK have taken up the issue with civil aviation ministry.
A court warrant in India against billionaire Vijay Mallya over his airline business has no repercussions for his Force India Formula One team, deputy principal Bob Fernley said on Sunday.
The UPA Government is trying to push through the second wave of airport privatisation before the elections and the controversial elements of this process threaten to harm the sector.
