Slots, parking bays unavailable at major airports
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.
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 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.
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.
Rajiv Gandhi International Airport, Hyderabad, launches a special initiative to help passengers with special needs.
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.
From 5G to Tesla to Covid vaccine, 10 things will shape India's future.
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.
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.
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.
'The growth drivers are mostly invisible, but the growth is undeniable at least for now,' notes Debashis Basu.
'Agreements signed between the Maldives and China have seriously worried India.'
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
The cricket icon is a co-owner of the Chennai franchise, one of the new teams added to the sport league
Hit by scams in recent times, the IPL is yet to prove a good business move for its franchisees.
India's billionaires are pledging a decent amount of their wealth for the welfare of society.
Major corporates are staring at an uncertain future after investing substantially on their projects
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.
Currently, the investor and his family's net worth in listed firms stands at Rs 8,517 crore, compared to Rs 8,388 crore as of March 31, 2020.
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.
In the upcoming round of privatisation, unviable airports are likely to be clubbed with six main airports and a prospective bidder may be restricted to bid for two airports.
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.
Mallya is understood to be in the UK after he left India on March 2.
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.
Bilateral investment treaties can adversely impact policy space for governments
Maldives will go ahead with the transfer as scheduled, said Press Secretary Masood Imad.
Global businesses still believe that India consumption story is intact despite the slowdown of the past couple of years.
A case has been filed against the airline in Nampally criminal courts in Hyderabad.
The government is considering setting up air freight stations to enable direct movement of vaccines from pharmaceutical factories to the aircraft.
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.
Apart from the Adani group, the Tata group, the Hinduja group, Indigo and a New York-based fund, Interups, are expected to submit EoIs.
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.
Masood Imad, media secretary to the Maldivian President, says: "We have asked MACL to hire a firm like KPMG to conduct a forensic audit of the firm's accounts.
'Nothing in this world is permanent. So also in business.' 'And more so in family businesses where family issues often influence business decisions,' point out S Subramanian and Nupur Pavan Bang.
Delhi Daredevils has appointed former England cricketer Jeremy Snape as the team's performance coach for the Indian Premier League season.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances